ridesharing

Rideshare Driving Realities: Smart Things You Can Do to Plump Up Your Profits

Today’s worker seeks flexibility and added opportunity.  Many people take second jobs to make ends meet or to earn the extra things they desire.  Some work for ride service companies like Uber and Lyft part or full-time.  The tales of potential earnings have many considering becoming a rideshare driver.  However, what are the realities of the position?  Can you make plump profits, and is it a smart decision to make ridesharing a part or full-time profession?

Vehicle

Consider what you’ll need to start.  While other types of drivers (chauffeur, delivery, etc) are provided with a vehicle, rideshare workers use their own.  Additionally, your clientele or level of business may be decided by the type of ride you have and what the aligned company offers.  For example, some companies will only allow drivers to use car models from a certain year or newer.  Additionally, the style of car may include sedans, luxury SUVs, etc.  The price of the ride is decided by factoring in the distance as well as the type of model (luxury, regular).  Read more on different model Kia vehicles.

Flexibility

The flexibility associated with the position is another attraction for workers.  Traditionally, workers have set schedules.  However, the rideshare vertical offers a lot of wiggle room, allowing drivers to work whenever available.  Workers and the company keep in contact through remote tools.  If one were ready to provide the service, they could simply log on, make themselves ‘available,’ and wait for a client to request a ride.  What’s advantageous for workers is that they can run personal errands while working, which would not be otherwise possible.

Volume

Rideshare companies don’t demand allegiance from their drivers.  For example, you can be a driver for competing rideshare companies, which for most drivers, is yet another advantage.  That way, one could work more shifts and enjoy a greater degree of flexibility.  What’s even more beneficial is that the service is growing in demand.  Similarly, at first, people were reluctant to make remote purchases on the Internet.  After time passed, people became used to the idea and online sales have steadily grown through the years.  Likewise, expect the demand for rideshare services to continue over time.

Added Benefits

While rideshare companies don’t offer traditional benefit packages, other types of incentives are associated with a driver position.  For example, one can earn more money by helping the company find more personnel as well as additional clients.  A driver may be a lump sum compensation when an acquaintance is hired.  Also, drivers can lure new clientele with a discount to get them to sign-on while earning more money for attracting more clients.

Costs

Obviously, one must calculate the costs of using their own vehicle in an ongoing fashion in addition to added insurance costs.  Drivers will need to be covered by commercial liability insurance.  Furthermore, companies require drivers to get their rides situated and optimized for the rideshare position.  Drivers need to submit a vehicle inspection and driving history.  A bit more difficult, is forecasting the wear and tear on one’s vehicle over time, which is a driver’s biggest concern when calculating whether the position is ‘worth’ it.

About the Author

Logan Blake is a petrol head geek! He works in the auto insurance industry and writes about a range of auto topics in his articles. When not working, or writing, you’ll find his head under the hood of a classic car he’s restoring.

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