ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

My experiences with Rideshare

Updated on January 28, 2017
My Car as an investment
My Car as an investment

Your car is your investment.

Sounds strange but it is true. When you start with any ride share company, your car is your investment. When I got into UBER and LYFT, I got into new car payments. My friends and associates told me that there was money to be made so I signed up with those companies with the idea that I was going to make some fast cash. Dreams, visions and excitement were at a high point and I started to make plans on how to get out of debt.

The ride share industry has its pros and cons. After doing this for a little more than a month, I did make some money. I did pay some bills but I, also, found out that the grass is greener on the other side. I want to share my thoughts with you concerning getting involved with any ride share company. You may ask--Do I have any regrets? No. I managed to make my car payment and that was a nice side benefit of the job but there are other factors to measure when jumping into this profitable but delicate business.

Invest your time.

Source

Are you willing to invest some time?

When working in any ride share company, you got to ask yourself this question---Am I willing to spend some time learning the ropes? As a former taxi driver, twenty years ago, I drove for 12 hours on a leased cab for the first time. By the time I got through with the gas and the cost, my take home pay was $15.00. That was enough to make anyone quit but I hung in there. The first thing I did was change taxi companies and I started to make some money. I have to admit, on some days,it was feast or famine. Some days were better than others,yet I stayed the course.

Over a period of time, I was so blessed. I had learned the ropes and made some good money. After two years, I was the number one cab driver making the most revenue. I, then, had to move on to another stable job but that was an achievement that I will, always, treasure. I managed to stay there and see some progress during my short, but edifying years in the business. Now, more than twenty years have passed and I am back behind the wheel. I have gotten a little rusty but, sometimes, my former taxi driving skills will kick in.

Here's a tip---Don't expect to make too much money overnight. Use your time to learn the ropes and stop being negative. Had a bad night? Don't worry, tomorrow will be better. Uber and LYFt have some great training tools on the peak hours to work. Morning and evening rush hours are the best times to work as well as the midnight hours. The neat thing about this is that it affords you the possibility of taking breaks in between. Take a nap, do some chores, etc on the slow hours. Be willing to invest long hours and learn from your mistakes.

Treat your passengers right!

Source

Your ratings determine your future....

One of the pros and cons is the ratings. Companies like Uber and LYFT use the rating system and for the most part, your score has to be high. A five star is what they base themselves and anything lower than a 4.70 (Some companies ratings may vary) is not good. Some will work with you and others may drop you like a bad habit. Granted, you may not please everyone and it is to your benefit to inform the company of the other side of the story. If you don't like this type of pressure, maybe this may not be for you.

On the other hand, if you have some people skills and offer some bottled water, this goes a long way. Granted, if your score falls a little, just keep on practicing some good people skills and I guarantee you it will go up within time. The pro of driving for ride share is that you can drive anywhere in the state you are in. That to me, is a plus, because you can always venture out and try the "waters".

My two-cents on Rideshare.

Closing thoughts.

As I close, I would say that driving for ride share is a great way to make some side money but I would not recommend doing it full time, unless you are willing to spend a long time on the road. You got to ask yourself, am I willing to work 14 hours and six days workweek? So, there you have my thoughts on ride share.

Bear in mind, that you are an independent contractor and while you are covered with their insurance, it is, only, good from when you pick up the customer to their point of destination. Ride share is beginning to catch on with the insurance companies and some have affordable rates. Please do not rely on that the ride share will cover you. Their deductible is high and it may take some time before your car may be fixed in case of an accident. I have heard some horror stories, so a word to the wise---Protect thyself.

Also, taxes are your responsibility so it is up to you to consult some accountant or attorney to know what is deductible. Face it, folks, ride share has revolutionized the transportation system and even some cab drivers are registering their vehicles and using this system. Ride share like Uber and LYFT are here to stay and it can be very competitive. So a word to the wise, take this into account and look before you leap. That is my two cents, folks. Hope this helps.

Based on what you read, would you work a side job with a ride share company?

See results

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)