How To Make Money With Uber (Earn $1,000+ Per Week)
So you’re looking for some side income (or maybe some full-time income), and you’ve heard that you can make some decent cash driving for Uber.
Truth is, you can get paid to drive for Uber and make some decent money doing it.
I actually referred to this in one of my previous posts: 11 Easy Ways To Make $1000 FAST (legally…)
There’s 3 easy steps to get started making money with Uber.
STEP #1: MEET THE UBER DRIVER REQUIREMENTS
- You must be at least 21 years old
- Licensed to drive in the US for at least one year, or three years if you’re under age 23
- Have access to a 4-door vehicle that is 10 years old or newer (in most cities)
- In-state auto insurance with your name on the policy
- In-state driver’s license
- In-state license plates with current registration (commercial plates are acceptable as well)
- You must have a social security number
- Pass a background check and a driving record check
STEP #2: PASS THE UBER VEHICLE INSPECTION
- Vehicle must be 10 years old or newer (varies city to city)
- Must be a four-door car, truck, or minivan. Manual (standard) transmission is OK
- Vehicle must have seating and seatbelts for 4 passengers, not including the driver. Must pass a mechanical vehicle inspection
- Driver’s full name must be on the insurance for the vehicle
- Driver’s name does NOT have to be on vehicle registration
- Driver must pass a background check and driving record check
STEP #3: START DRIVING! (7 TIPS ON HOW TO MAKE MORE MONEY WITH UBER THAN YOUR COMPETITION)
So you met the Uber driver requirement and passed the Uber vehicle inspection.
Great! Now it’s time to make some money!
Here are some of the best tips and tactics you can use to make more money than 98% of other Uber drivers.
1. UNDERSTAND YOUR LOCAL MARKET
Understanding your local market is key.
In fact, it is probably the single-most important factor in making good money with Uber.
This is because you need to know when and where to drive for the highest and most consistent fares.
Now, this might take some time.
If you find that you don’t understand your local Uber market very well at the beginning, don’t fret.
It takes most people some time until they finally start getting the hang of how Uber operates in their local city.
At that point, you can start taking advantage of that knowledge.
For example, if you live in a college town, you would probably want to drive late at night when the bars close down. You would also want to keep in mind any sports games the college is playing in and make sure you’re driving during those times.
In the end, this is the largest factor that separates the top-earners on Uber from the rest.
Most people don’t take the time to study the market. As a result, those who do benefit greatly.
2. DON’T DRIVE AROUND AIMLESSLY
Some people think that if they drive around, they’re more likely to pick up riders.
Truth is, that is not necessarily the case.
Driving around does little to nothing in terms of getting more riders.
And if it does anything at all, it’s overweighed by how much wear and tear you are causing you car, as well as how much gas you’re spending driving around aimlessly.
Instead, pull over. Find a good spot. And do something productive like listen to the Side Hustle Funds podcast. 🙂
It’s a hell of a lot better than wasting gas and driving around in traffic.
3. BRING FOOD AND WATER
This is one that seems like it couldn’t possibly make you MONEY.
But let me explain…
If you’re driving every day, and you pull over just once to buy some fast food, you take on the following two expenses:
First, you’re spending about $10 on whatever food you purchased. Subtract about $3 dollars that it might cost you to make your own food, and you’re taking on an additional $7 per day, purely out of laziness.
Second, you’re foregoing any rides you could have taken in the time it took you to drive over to that Wendy’s (or wherever you go), get your food, and take your “fast food break.” Let’s say all that takes you a total of about one hour (because Wendy’s puts you in a lazy mood). That means that, on average, you’re missing out on about $10 in Uber money, when you could’ve simply eaten your home-cooked meal during a small window of time when no riders were available.
So, if you’re driving every day, not bringing your own food is COSTING you a total of $17 per day ($7 + $10). Take that number and multiply it by 30, and you’re costing yourself a total of $510 PER MONTH, which adds up to $6,120 PER YEAR.
You could go on a very nice vacation with an extra $6,120…
And the only reason you’re not going on that vacation is because you decided to be lazy and drive all the way over to a Wendy’s and spend $10 on a burger that isn’t good for you anyways.
On the flip side… if you bring your own food and water, you won’t incur those additional expenses.
Which means you’re “making” an extra 6 grand a year.
Also, remember that the above-mentioned $10 that Uber drivers make per hour is the average.
If you’re following the tips laid out here, you should be able to easily beat that average and smoke your competition.
4. DON’T FOLLOW THE SURGE
Most people would intuitively follow the surge.
The surge is when there are so many people requesting Uber rides (and not enough Uber drivers to meet that need), that it drives up the price of the rides (creating a “surge”).
However, when a surge occurs in an area, every Uber driver is alerted via text message that a surge has occurred. This makes every Uber driver go outside, hoping to make extra money, and bringing down the surge.
So although it seems counterintuitive, you want to rely on your KNOWLEDGE OF THE LOCAL MARKET, instead of chasing surges in hopes of “beating the system.”
5. USE THE “BACK TO BACK RIDES” FEATURE
Uber introduced the Back to Back Rides feature in 2015.
This feature lets you reduce the wait time between rides by accepting “nearby rides” while you’re finishing a previous ride.
By cutting the in-between time for your rides, you’ll be able to stay busier and collect more money in a shorter period of time.
Which means MUCH more money in your pocket at the end of every day.
6. USE THE UBER PASSENGER APP
The Uber Passenger App allows Uber drivers to see where other Uber drivers are.
Thanks to this app, you can find gaps in your local area that aren’t currently being serviced by Uber drivers.
One of the key tactics to being a successful entrepreneur is finding gaps in the market.
Uber is no different, and the Uber Passenger app can help you do that.
7. ALTERNATE WITH OTHER RIDESHARING APPS LIKE LYFT
Not finding any luck on Uber?
Try switching to another ridesharing app like Lyft.
This will help you diversify your source of riders, and creates more stability and higher end-profits.
This way, instead of having one source of revenue for your “driving” business, you’ll have two or more.
You see, you want to treat your driving like a business.
And the more diversified a business is (e.g. the more streams of revenue it has), the more profitable that business will be.
Which means more money in your pockets. 🙂