So what is the big deal about Uber? Quite a lot! This late in the game and with as much publicity as they get, you’d think every person knows what Uber is and what they do. We see ads in our commercials, in posts and ads on social media, and often hear others speaking of his-her experiences with Uber as a rider/passenger.
Uber has been compared to taxi cab services and other transportation companies, but I believe they stand out among their competition. I have personally been an Uber passenger, and have also been a cab driver, but if I had to compare the two transportation services, I’d choose Uber every time.
Uber started off as a school project a group of college kids were working on to help in improving the transportation issues facing Californians. Much like Facebook creator Mark Zuckerburg, these students created a multi-million dollar organization with a small idea to solve a big problem.
What Uber didn’t realize was the potential to take their small idea on a national level; they found that many cities were having similar transportation issues and their services were needed in more areas than they were aware. Though it started in California, Uber is now used in more than 200 cities across the country.
Uber took it’s business model to the next level by creating a virtual transportation company that handles all transactions online through their Uber app, which is available on Itunes and Google Play. Once users download the app, they set up payment information through payPal, bank account, or credit card. Once you’ve set up payment options, you open the app and it will find your location (through your phones internet connection and GPS). By doing this the user will be connected to the closest driver in the area. I have never waited more than 15 minutes for an Uber ride, and that was because it was my driver’s first day. 🙂
If you think that sounds good, what would you say about becoming an Uber driver and earning a whopping $17 per hour to work on your own schedule? Uber not only hires drivers, but they also partner with specific car dealerships to obtain the best deals for new drivers who need a vehicle. (eligibility requirements apply to financing) There are certain requirements that will need to be met to become a driver with Uber and they are;
- A vehicle less than 10 years old
- A clean driving record and driver license
- Car insurance
- Clean background check
- Drive your own vehicle
- Smartphone or Uber device needed
Drivers not only get paid 80 percent of their ride fare, they also get paid weekly into their PayPal or bank accounts. There is a feature within the app to rate the driver, as well as a rating for the passenger so other drivers will know what type of passenger they’re dealing with.
So Uber is an organization that has opened up countless opportunities for freelancers to earn money on his-her own time, and with his-her own vehicle. Win, win? Well, let’s look further to see what other aspects should be examined. After all we are discussing an IBO and what it would require to run efficiently, and its sustainability.
If you don’t already have a vehicle that meets Uber’s standards but still want to become a driver, the next step would be to contact them regarding their finance partners. I am unsure this option would be the best for most freelancers. If you already have a vehicle that would meet the standard, you’d still have to be concerned with mileage added and wear and tear on your vehicle. Let’s examine the pros and cons to establish the viability of this opportunity;
- You work on your own schedule
- You are not required to carry cash
- There is safety in background checks for drivers
- Weekly pay
- Possibility to earn $300+ per week part-time
- You drive your own vehicle
- Accept or decline fares as you see fit
- You can use your cell phone to locate fares
- Driving your own vehicle causes wear and tear plus added mileage
- Any repairs needed would be your responsibility
- Vehicle inspection required which could cost you hundreds of dollars
- You must pay for your own gas. This can get expensive depending on how often you drive.
There will always be pros and cons to be weighed with any opportunity. It’s necessary to compare good and bad aspects so you will know what could possibly occur and what you might do once they did. I obtained some feedback from other Uber drivers to let you access for yourself whether or not this opportunity would be worth examining. I found the best feedback on Indeed;
The money is not all that great, I figure I made a 16% profit after taxes and depreciation. Basically trading value in your car for cash in hand. Not a great deal.
What bothered me the most was the driver assumes all the risk. You don’t get paid for driving to pick up location. More times than not, you must wait for the rider. Uber would tell me I shouldn’t wait, but if I didn’t I would up waiting for my next ride, and driving to a new location. You could drive 15 minutes, wait for 5, then your rider only goes down the street for a minimum fare. You make $2.80. Definitely not worth it. If traffic is bad, that means fewer rides for your time, or less money. You get a ticket, it’s all on you. Let’s be honest, the more you are on the road, the greater the chances of getting a ticket. I don’t know what would happen if I was ever in an accident, quit before that happened.
You never meet a coworker, you can find them on online forums. I suggest you visit one before starting. Drivers there are very bitter.
I did like meeting people. Rarely would I have a bad rider. That was the best part about the job, getting our and meeting people.
Uber is always looking for drivers, it is because most drivers do not last a year. I believe it is a major flaw in their business plan, the partners are not successful. Mind you I was in a small market, drivers in large markets may have a completely different experience.
Below minimum wage, and that’s driving full time in West LA Folks, got ride after ride…but when you break it down, it doesn’t add up.
For get UBER and just get a stable gig.
is a great way to meet people while learning new ways of getting around.
Management okay I guess but when assigning customers on share rides they
As for coworkers never come in contact with them.
The hardest part of the job is getting the right pay, motivating yourself
to just get out there and the gps not going out.