i just had a quick question, when uber drivers are referring to hourly rate are they/ referring to an hour of their time or in app time/ the time Uber considers online time.
Thanks in advance
Thanks in advance
Never call a pax at all. Learn where the good rides are more likely, learn to stay away from likely bad rides, learn patience when you can read surge is coming, etc, etc, etc.. Learning and strategy separate success vs failure. In this gig, using your brain will lead to more money than simply using your time. There is a reason only 4% last more than a year. Learn something every day!How does ride history and overall cost help buld a strategy and minimize dead miles when you don't know the pax destination? Does everyone call all rides to ask them?
This response is goldThis is the mentality of someone who is their own boss, your success isn't measured by the hour, which those of us who've never been our own and have always lived life "paid by the hour", as a way to gauge our worth compared to other workers with a boss.
Does the contractor who's redoing your bathroom charge you by the hour? Or does he figure out his costs, his overall time he expects to spend on the project and he gives you the cost of his services.
The closest thing to "per hour" you'll ever get, as I'm learning this all myself, is if you set a per week goal, say 1,000.00. now as your own boss how do you reach that goal this week? And next week?
How much do you set as your goal for the year after all your expenses? 100k? 50k? 25k?
Once you know your own goals, the next step is to consider what sacrifice you're going to make to make that happen?
You going to spend 60 hours logged in, picking and cancelling, looking for a surge? Or are you setting a daily goal, 150? 200? And once you hit that number you call it a day?
Those are the risks and variables these people go through, and it seems like the ones who are looking to make the most of their time, cutting down the wasted time, are the ones that have these daily, weekly, monthly and then yearly goals laid out.
Hah even better metaphor, each one of us is a farmer. Some of us are looking to farm 100 acres, some are looking to farm only 20 acres of land, but both farmers have a goal. It's their end of season crop, and the time they spend for months tending to the farm, will sow the rewards come harvest. They factor in costs, putting money aside from the winter and slower times, and each factor will limit how much money they'll make for their season of work.
Rideshare drivers are farmers, not general contractors.
I'm pretty sure we all understand that. It's just a way to measure what we make.Again , we don't get paid by the hour .
Not sure I would call it fail.Bank account at the end of the year..you can boast about making 100 dollar per hour, but at the end if you have the same balance as the guy making 1 dollar/hour, you have failed .
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You can figure it any way you want. How much you earn...You don't get paid by the hour .
I agree. Looking at my gross tells me if it's worth getting behind the wheel.I'm pretty sure we all understand that. It's just a way to measure what we make.
If I average $25 gross, and i'm only going to drive 2 hours today, I can expect to make around $50.
I count mine against total miles driven, am I truly smart? Please say yes.And the truly smart don't count their money by the hour.
how do you figure you broke even if you can buy another car and pay your bills?You SHOULD factor in
If you can Replace what you brought to the game.( YOUR CAR) while paying your bills.
If you can do this.
At the end of 3-4 years
You have BROKE EVEN !
( excluding the Loss of 4 years of your life)
If Uber destroys your car and you become Homeless because you can not pay bills. You have Lost.
Poor people are always trying to figure out how to get a bigger piece of the pie. Rich people are baking pies.I think you hit the nail on the head. Hourly workers think differently than business owners
That's just something that business owners who are working 80 hours or more per week, but are earning what hourly or salaried employees make for putting in much less time, effort, or investment, tell themselves to feel better about it.I think you hit the nail on the head. Hourly workers think differently than business owners
Everyone that runs a business evaluates its success (or failure) based on some form of time-based/income metric. It may not be hourly, but it is certainly quarterly or annual.Almost no people who own their own businesses Count Their income by the hour that they put in. They may charge their customers by the hour, but that is not how they count their pay.