I’m a guy who normally drives myself everywhere.
But the times I wanna get shit face plastered is when I usually end up taking an Uber back home.
If you didn’t know, Uber is a massive company that competes directly with cab drivers and similar services.
Uber is ride sharing company where regular people like you and me can use our own vehicles and drive people around, and get paid for it…
…the question is, how much money do Uber drivers make?
And then of course, is it worth it to become an Uber driver?
Well, according to Uber’s website, here is what they have to say about how much Uber pays you to drive:
How are Uber fares calculated?
When a rider takes a trip with you, they are charged a fare at the end of the ride. Each fare is calculated based on how far and how long the trip took to complete.
Fares are calculated by adding a base fare (if applicable) + time and distance rates. Riders are also charged a booking fee (approx $1-2).
Here are the time and distance rates for uberX in select cities across the country (as of July 2016):
- Los Angeles – $0.15 per minute and $0.90 per mile
- San Francisco – $0.22 per minute and $1.15 per mile
- Chicago – $0.20 per minute and $0.90 per mile
- Boston – $0.20 per minute and $1.24 per mile
You can visit uber.com/cities to learn more about the specific rates for each vehicle type and city.
Let’s say, for example, that you’re in Los Angeles and your rider wants to go from Downtown LA to West Hollywood, which is approximately 9 miles and 35 minutes away. The fare that the rider pays is calculated like this:
(9 miles x $0.90) + (35 minutes x $0.15) + $1.65 booking fee = $15.00
Drivers using the partner app are charged an Uber Fee as a percentage of each trip fare. The Uber Fee varies by city and vehicle type and helps Uber cover costs such as technology, marketing and development of new features within the app.
So, basically, $15 for a 9 mile ride.
I guess that isn’t too bad.
But that’s what Uber says.
How about real world experiences and examples?
The follow is MY personal experience from sitting in an Uber talking to drivers (I always talk to my Uber driver cause I’m just a curious little freak).
First of all, I have to say that the majority of the times I have taken an Uber is when it’s really late at night or early mornings.
Basically, as everyone is stumbling out of the clubs drunk and looking for an after party or finding a way home.
During these peak times, Uber charges a multiplier for fees. Essentially, because there is MORE demand for Ubers, they charge more money per mile or KM depending on where you live.
It can be 2x 3x and I’ve even seen 4x the normal regular rate.
Basically, a ride that normally costs you $20 to get home can cost $80 if you choose to take an Uber when everyone else is also looking for a ride home.
As an Uber driver, you get a percentage share of this revenue, and yes, when you drive people during peak hours, you will also be making more money. So keep that in mind next time you Uber people around.
Getting back to how much money Uber drivers really make, here’s what I’ve found:
Uber drivers make pretty good money!
I always get friendly with my driver and talk about whatever. And the subject of their job always comes up. And I always end up asking “did you make good money today” or something along those lines.
And they always have!
These are real life experiences of conversations I’ve had with Uber drivers personally about how much money they are making.
My first Uber experience was a driver who was born in Nigeria. He moved to Canada and drives Uber to make a living. This is his only job.
He only drives at night and said he averaged about 20 dollars an hour. He said there was always people looking to be driven, even at late late hours.
I met another Uber driver who was a recent University graduate. He got a job as an Engineer but with the economy sucking so much, he lost his job and is Ubering on the side to make extra money. He also had an extra home he has to pay rent for so he was in a really tough spot.
Anyway he had a great night. I was his last ride. He had been driving for 8 hours I believe. He told me today was a better day than usual. He made about $400 (this is after Uber takes their cut). That works out to be $50 an hour. Not too shabby.
He said a lot of people needed rides tonight during peak times. It’s great.
Another time I took a really short Uber ride downtown like maybe 10 streets and got off. It was cheap, I don’t even remember the fare. And as soon as I got off, someone pretty much hopped in to his vehicle and they left for somewhere else.
In my mind, I think Uber is a very in high demand service. I can see the appeal of it to join on and make money driving.
I think it’s a great job to have whether you want to do it full time or part time to make extra money.
Most of the drivers I meet are people who Uber on the side to make extra income, surprisingly. I thought most people would Uber full time.
I ALWAYS find that people are always in need of a ride somewhere.
I think being an Uber driver during peak hours is the best bang for your buck in terms of working and getting the most money. Friday and Saturday evenings are prime time for driving people around.
When you get 2x – 4x the normal Uber rate, you are really really cashing in on the extra money for the same amount of work. Hopefully the people you pick up aren’t too drunk and puke in your car though!
It’s fairly easy to become an Uber driver. You just need a few qualifications obviously your own vehicle.
The biggest and coolest thing about Uber is that you can drive as little or as much as you want to make money. I love that. It’s like, if you’re in need of Christmas money, then you hustle harder and make more money. A lot of your income is in your control.
If you’d like to learn more about becoming an Uber driver, click here to get directed to Uber’s official website.
I remember the first time I was introduced to Uber and I was like I dunno how to do this at all… lol. But it’s actually really really easy.
You’ll want to download the Uber app. It’s available for both Apple and Android. And then what you want to do is attach your credit card to it because when you take your Uber, they will need to charge your fare somewhere! Your credit card will be that place.
So once that is set up, you’re all ready to go.
When you need a ride, launch that Uber app. Select your location that you want to be picked up. You will see a map of nearby Ubers. They are waiting for you! And once you confirm you would like an Uber, you can physically see on your app how far the car is away, who the driver is, and how close they are to your destination.
It’s pretty dope. They can even message you if you’re in a crowd and can’t find you or something.
Check out Uber’s App here.
Overall, I think Uber is pretty damn cool. I know people who don’t even drive anywhere or anymore.
Especially people in large cities like Chicago. I met a girl traveling and she said she just Ubers everywhere. She won’t buy a car. In the end, it’s likely more expensive to Uber everywhere, but it’s pretty convenient to get a ride wherever you want. And when you’re in a city as big and dense as Chicago, you’re gonna have a ton of availability for Ubers.