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How Much Money Can You Make?

If you checked out my binder in my car, you may have read that I usually make $1250-$1500 a week in only rideshare alone but I do put in a lot of hours to make it happen…usually 60 to 70 a week, but then again, I am single guy with no family of my own, so I have all the time in the world and get plenty of sleep still. So, if this is more money than what you make at your job, then I will spill the beans on how much money I make as an independent contractor with the power of a vehicle and a smartphone.

Rideshare: Average $20/hour

Delivery: Average $20/hour (factoring tips)

Affiliate Marketing: About an extra $1000 a month

Wrapify Campaign: About $90 a week

Car Sale Referral: $100 per car sold

Surprised? Looks about right? Or does it look good? I will now go into details about how these numbers are possible and what you can do to consistently reach these numbers to further help your goals.

Rideshare:
By far the most dynamic of the bunch and can actually make you more money than you realize for a number of reasons. For starters, you have a chance to interact with your passengers and if you provide them with an excellent experience, they could be potential clientele for private rides or for any personal business you run, granted if your clients are qualified for what you offer. In addition, networking is an extremely powerful tool as it can bring you potential job opportunities if you are looking for a new job instead of trying to start your own business. Now that we have that out of the way, I will explain the tips and tricks to maintain $20/hour.


1. Be consistent but be flexible, try to always start your shift at the same time everyday so it is easier to manage and control your rideshare day.


2. Strategize around traffic. Use tools like the Waze app, prior experience and knowledge, or work a shift that has no traffic, like overnight shift. Traffic kills earnings per hour.


3. Location Location Location. Always be moving towards the next hot area, even immediately after ending a ride, unless the destination itself is a hotspot, like an event or club.


4. Run both apps! I keep both Uber/Lyft running until I get a ride, then I immediately shut off the other app to maintain high acceptance rates, this ensures you stay busier.


5. DO NOT CHASE SURGE!!! Folks don’t like to spend a lot of money so you will actually stay busier by staying away from surges, upping your rides and potential tips.


6. Know the best thing to do at what time. My example, 8pm-3am = night life, clubs and stuff, 4am-6am = airport runs from suburbs, 7am-10am = morning commute, 11am-5pm = delivery apps, etc.


7. Experiment with the algorithm and learn what tricks you can find to either ensure big rides or more constant pings as I barely wait 5 minutes in-between pings and I’ve seen other drivers wait 40+ minutes and got no rides.

Delivery:
Gonna drop a small tip here for advertising your business during deliveries as I have seen some drivers leaving behind business cards with orders/deliveries. Me personally, I welcome and support local businesses trying to prosper but I understand that not everyone is welcome to that idea, so take this tip with a grain of salt if you wish to give business cards or not. If in doubt you can always check for official rules here for UberEats, DoorDash, GrubHub, Postmates, Instacart, Shipt, and Amazon Flex. Ok, now to the tips!


1. Same as rideshare tip 1…be consistent and start at the same time if possible each day, this will always allow you to plan your day and keep things under your control.


2. Strategize around traffic. Use tools like the Waze app, prior experience and knowledge, or work a shift that has no traffic, like overnight shift. Traffic kills earnings per hour.


3. Don’t always be picky on your orders as doing more orders could grant you more tips, especially on UberEats. On other apps being picky should be based on location and restaurant and not so much on expected earnings.


4. Be wary of tip baiting, sometimes if an order seems too good to be true, like one coffee for $25 payout, it probably is and should be rejected, however a full course dinner for a family where you can tell the customer spent over $120 for the order, then definitely accept that one enjoy that nice big payout!


5. Take advantage of time of day for breakfast/lunch/dinner rushes to pursue surge/peak pay/bonuses.


6. Experiment with the algorithm and learn what tricks you can find to either ensure big rides or more constant pings as I barely wait 5 minutes in-between pings and I’ve seen other drivers wait 40+ minutes and got no rides.

Affiliate Marketing:
If you own a website or even social media accounts, you can make additional money off from commissions off sales made by web links once you are signed up for an affiliate program. The most widespread program would be Amazon Associates, where if someone shops on Amazon and buys something after clicking YOUR link, you get a small percentage of the money from the sale. Definitely look around and find which affiliate programs are best for you based on what your website, business, and social media provides. I will provide a link to a blog post I found that lists some good affiliate programs available in 2020 here. I used to be partnered with SeatGeek and sell concert and sporting event tickets but thanks to covid, that plan has changed, so definitely be flexible where you can. Lastly, ClickFunnels, if you know what it is, you are already one step ahead. But for those that don’t, you can build a sales process for sales staff of all types, boat sales, car sales, real estate, etc. as there is lots of sales folks looking for ways to automate and build a sales funnel and will be glad to invest in a recurring program, hence recurring commissions, if they get great results from that online sales process. Basically, help others and you will be surprised how it will help you out.

Wrapify Campaign:
If you own the vehicle you use for rideshare/delivery services, it is possible to make additional income by just driving around while your vehicle is wrapped in an advertisement and it possible to make up to like $90 per week you wear the wrap on your vehicle. You basically install an app and wait until you qualify for a compatible campaign. So feel free to check out their website at https://wrapify.com/


Disclosure: Not every market/city will have campaigns. It literally was 4 months before I was even offered a campaign within the Tampa Bay area, if you are in Miami it’s way more active there for this kind of stuff. And because of how dead the app feels to some, it’s why you may see some poor reviews so again…market/campaign availability will VARY.

Car Sale Referral:
Did you know that you can make money without actually selling cars by partnering with your local car dealership? My dealership gives me $100 per hot referral that results in a car sold. Visit your local dealers, especially the one you may have bought a car from, to see if they offer such a partnership/referral program as you can use the Gig Economy to your advantage to increase the odds of making some extra cash and helping folks with their own transportation needs.

Bonus:
Below, I will show a series of videos from epic hustlers who are using the gig economy and technology to their advantage to increase their earnings and pursue their entrepreneurial goals towards financial independence. Remember, the goal of the gig economy is to use it like a tool and not be your full time career. You should use Uber/Lyft to YOUR advantage and further YOUR business, whatever that business may be. My business is selling solar panels as a contractor of Palmetto Clean Energy. What about you? Are you a real estate agent, a photographer, a website developer, a car salesman, or anything that you could benefit from networking with your passengers and building clientele with? I hope this information has helped in you some way or sparked your own ideas!