Making Money As An Uber Driver

Credit to the present sensation of the web/Internet, a swing of disruptive technologies has entirely reshaped full industries over the past decade. Consider the reinvention of shopping by Amazon by presenting subscription services for the whole thing from groceries to diapers.

However the transformations are yet to be over. The development of the cell phone app has started changing the way of doing practically everything else, from traveling to shopping and more. Now, credit to a further disruptive technology named Uber, your cell phone is able to get you a personal car service — or be the punch card for a new profession as a driver.

Uber: A substitute for Taxis?

In essence, Uber happens to be a web-based company connecting drivers & riders for reciprocally useful ridesharing agreements. But different to a good number of taxi services, Uber lets its drivers use their personal cars and mostly decide their personal work schedules.

However clients have a different experience as well. Rather than having to stand on a lane corner calling a cab / Uber car, clientele make use of the Uber app on mobile phones. Having requested a ride, drivers of Uber in the neighborhood are alerted such that they are able to offer to supply the ride and make a few cash.

The requirements on How to Become an Uber Driver are not all that intricate or tricky to recognize. Here is a basic summary of the requirements of How to Drive for Uber, advantages, and downsides of driving for Uber.

How to Become an Uber Driver

The primary things you require for getting started happen to be a smart phone as well as a newish four-door vehicle. Uber prerequisites do mention that your vehicle requires being a 2006 model / newer, though they have made exemptions for older luxury vehicles.

Uber lately began a prerequisite for a car examination, which can be done easily and economically at a neighboring car shop. Besides being the owner of a car and having the car inspected, almost no added start-up charges are involved.

What Do Uber Drivers Make

For comparing let us initially look at the typical wage of a taxi driver /chauffeur. In the opinion of the agency of Labor Statistics, chauffeurs and taxi drivers made median yearly earnings of $22,840 in the year 2013, which is an hourly charge of $10.98.

In contrast, Uber drivers are likely to make a great deal more. A latest interview that Uber executives had with Washington Post reveals that drivers with UberX in New York City are able to make over $90,000 annually. Drivers in San Francisco made $74,191 working for 40 hours/week.

How Much Does Uber Pay

On the other hand, Uber has drawn back the above estimates to some extent, and currently claims that the regular pay for its drivers in the city of New York City is about $25 /hour. Uber Stories of a number of UberX drivers compete that and state that following the factoring in of gas and tolls they are just making least wage.

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