UBER 101: The Basics. What you need to know.

So you’re thinking about driving for Uber, well here is some feedback for you. Here is a guide we put together written by a number of professional drivers who have been doing this for a number of years and who cumulatively have over 10,000 rides.

We wanted to put down on paper some ideas to help you as you continue to move forward on your decision to drive for Uber and some tips and tricks for how to best maximize your income.

We wanted to make sure you’re aware of these issues that sometimes surprise new drivers.

Insurance

One important thing to realize right up front is that if you decide to drive, you will be participating in a commercial driving activity. If you have a personal insurance, as many people do, you’ll be violating the contract you signed with your insurance company by driving commercially.

This is important, because in the case of an accident, you will lose your coverage and they will not be able to find you with insurance.

Make sure that you’re very aware of the insurance issue going forward. There are options for you to pay additional money to get rideshare insurance. The additional cost should also be added to your calculations to see if this is worth it for you.

Driver Bonus

One way to make some money right from the start is to respond to a driver bonus. In order to maximize revenue you want to get a driver bonus. In some cities we’ve seen up to $1000 being shared for the referral bonus.

We encourage you to check out this article on how to maximize your new driver bonus.

Driving Times

Uber is not a normal 9-to-5 job. There are certain times in which you should drive that will maximize revenue. One of the things that you may want to do is install a surge app to keep an eye on these times this will provide you with the highest amount of income.

Your Real Income

It’s very important to keep a close eye on your true net income. There is a pretty easy way for drivers to keep track of how much money they’re actually making. For the past number of years the IRS has been producing a deduction chart that gives an estimate of about how much it costs every mile to operate a normal sized vehicle. Currently for 2016 that estimate is $.54 cents per mile.

So if you drive 100 miles it costs about $54. This figure includes, gas, depreciation, insurance, maintenance and other fees.

It is important for you to take the time to run your numbers and see if it’s actually worth it for you to do this type of work. Keep a close eye on your net income and then you can make decisions accordingly.

Many drivers have realized that the money just wasn’t worth it. When you see that your take home pay is like seven dollars an hour or so it just doesn’t add up. It may not be worth your time.

Difficult Customers

It’s going to happen. You will be picking up a customer and he or she will be very difficult. It part of the experience. Remember to remain calm and be professional in the situation. At the end of the ride, you can rate the passenger below a three and you will never be matched with them again.

Safety

Because you’ll be spending a good amount of time behind the wheel, I think it is important for you to always remember to drive safely. We would recommend that you drive slightly slower than your normal commute. Be sure to be very aware of your surroundings at all times. 

Community

One of the good things about the internet is that there is a large driving community online. You may go on Facebook and look for your local group for your city. You can often find that by simply typing in the name your city and Uber in the search box. Example “Uber San Diego”

There are also great websites like UberPeople.net, and TheRideshareGuy.com. We believe it is very important to build community since all of the drivers are isolated and don’t get a chance to meet up in person very often.

Buying and Leasing Cars to Drive for Uber

We haven't done this so it is hard for me to speak on it. I recommend reading these expert articles.

Conclusion

Good luck out there. Be very aware of what Uber is and what isn’t. Try to make as much money as you can and be safe. We wish you the best of luck.

Real deal stuff. If you think you have what it takes we highly encourage you sign up.

Here is our team referral code for a $700 sign up bonus