Uber is one of the most viral, controversial, amazing, innovative, and terrible companies of our generation. Well, it depends on who you speak to. If you ask us, and a lot of people do, we believe Uber is at the sharp end of the spear of a tectonic shift that is happening in modern day economics. We discuss this issue at length here. At the Casual Capitalist, we have always argued that the sharing economy is here to stay. Those who oppose it are on the wrong side of history. They are like the candlestick makers protesting Edison’s lightbulb. Uber is one of the many lightbulb ideas emerging from the ashes of traditional capitalism. Why do we say this? Uber has over 1 million drivers in 400 cities worldwide. Exactly half of these drivers work less than 10 hours a week and earn side income for “extra spending money.” “87 percent of Uber drivers said a major reason they drive on the Uber platform is to be their own boss and set their own schedule.” – Larry Kim, Founder and CTO, WordStream Why do we like Uber so much? Well, beyond its foundational contribution to the sharing economy, it’s making people like you and me lots of money.
Meet Jessie – Author of Uber Tips #1 & #8Jessie and I have been emailing each other since February. We met through The Casual Capitalist, and Jessie is a part-time real estate investor from Atlanta who dabbles in the sharing economy. Jessie is an Uber driver only on weekends when she isn’t out partying with her friends. According to Jessie, on average she works eight hours a weekend which earns her $640 a month. Jessie only works 2-3 hours on Friday, Saturday, and Sunday’s. For a part-time gig, this ain’t bad. Although the income potential of Uber is undeniable and tempting, we’ve already covered it here. Today, we are assuming you want to, or are already driving for Uber. With the following 10 Uber tips, we hope that you can up your ride-sharing game and earn evening more money.
Tip #1 – From Jessie – Invest In Education Before You Hit The RoadBefore becoming an Uber driver, Jessie invested in herself ($90 to be exact). Jessie signed up for an online ride-sharing course and hasn’t looked back since. According to Jessie, the advice she got on this course has increased her income substantially. $90 was a good investment that provides ongoing returns. We couldn’t agree more. I’ve personally sent out thousands of emails to the Casual Capitalist community asking them to describe their sharing economy successes and challenges. Overwhelmingly, the majority want to explore the Uber option. But, their common challenge is not knowing where, or how, to start. It’s not as simple as signing up on a website, there are many different variables at play. Fortunately, my friend Harry Campbell has developed an awesome course to help you get started with Uber or Lyft. The Maximum Ridesharing Profits course will easily get you from zero to sixty in the ride-sharing game. Many in the Casual Capitalist community have taken this course and loved it, you will too. Although it costs some money, you will make this back easily within a day of driving. If you’re going to drive with Uber or Lyft, do it right. Get Harry’s advice and increase your income on a daily basis with the tips from this course. Enough of that, moving on to the remaining nine tips. At the Casual Capitalist, we canvassed our community and came up with nine other wicked-awesome tips for newbie Uber drivers. Let’s get started.
Uber Tip #2 – Be A Customer Before A DriverBesides investing in yourself with education, the next best thing you can do is shop before you buy. That is, why not take a dozen or so rides in your particular city to get a feel for it. This will give you an amazing opportunity to chat with drivers and ask them all the important questions you have. Like:
- What are the municipal or state/provincial laws that affect you?
- How much do you earn?
- What is your biggest challenge?
- When is the most profitable time to drive?
- Do you enjoy driving with Uber?