5 Reasons to Start Driving for Uber (Plus How Much You Could Make)
By Space Coast Daily // February 15, 2022
The gig economy is in full swing. Employees and part-time entrepreneurs alike are considering quitting their jobs to commit to their side hustles, but is there any reason why you should drive for Uber specifically? Is it possible to make a decent wage with rideshares? Let’s take a look.
How Much Can You Make With Uber?
The amount you make through Uber varies greatly based on how long you drive, the number of tips you get, and your location. According to Glassdoor, the average Uber driver makes $18-$22 an hour, but it’s possible to make significantly more if you know how to work the system.
You can make $100-$1000 USD a day by doing the following:
■ Use referral codes to sign up other drivers.
■ Auto-accept orders to reduce idle time.
■ Drive during “Boosts” to make 1.5x to 2x more.
■ Complete “Quest” promotions.
■ Take advantage of curbside pickup.
■ Focus on short, quick trips.
■ Be professional and friendly to earn tips.
In order to improve your earnings as a rideshare driver, such as an Uber driver, it’s essential to stay organized and track your payments diligently. One way to achieve this is by utilizing efficient tools like Flexbots, which can help you manage your earnings and payments seamlessly.
Furthermore, as a rideshare driver, you may be eligible for various tax write-offs to minimize your tax burden at the end of the year. These write-offs can include deductions for vehicle expenses, phone and internet expenses, parking fees, tolls, and other business-related costs. By properly utilizing these Uber tax write-offs, you can optimize your tax situation and retain more of your hard-earned income
Why You Should Drive With Uber Right Now
Driving with Uber can be a fantastic opportunity for anyone who enjoys working with people and the freedom that self-employment brings. Here’s other reasons you should drive for Uber.
1. Extra Income
The extra money you’ll earn while driving Uber is the most attractive reason to get behind the wheel. It isn’t uncommon to find drivers that make $200 a week part-time for 10-15 trips. You also don’t need a nice car to get started, but your vehicle should at least look presentable.
Even if you don’t want to work full-time, making $200 weekly can do a lot of good. Most people start driving with Uber to pay off debt, but they end up staying for the income.
2. Weekly Payments
Uber allows you to cash out weekly, which is perfect for people who get paid bi-weekly. It can be difficult to keep money in your pocket for bills, loans, and gifts, but with a weekly pay schedule, you’ll always have some form of cash flow. Plus, Uber deposits directly to your debit account.
3. Regular Promotions
App gamification is a big trend in the tech industry, but Uber takes it to a whole new level. Every week, Uber will offer “Quest” promotions where drivers can earn extra money for completing specific tasks. These tasks include picking up drivers, driving 4 days in a row, among others.
Promotions vary, but you can get $50 to $200 or more for completing promotions. If you want to make a lot of money on the app, you should try to finish these tasks as often as possible.
4. Flexible Schedule
There’s no better feeling than waking up to a job that offers you complete flexibility. You don’t have to wake up at 7 AM. In fact, it’s discouraged. You’ll make most of your money at night and on the weekends when other people are off work, but you can drive whenever you want.
5. More Perks
Uber partners with other companies, primarily in the auto industry, to offer exclusive perks to its drivers. All Uber drivers need to get their car inspected at some point, so it helps that the company provides discounts on oil changes and free car washes at certain locations.
Before driving into a local mechanic or repair shop, check to see if your discounts are valid at that retailer. The last thing you want is to pay for a service when you didn’t have to!