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Discussion Starter · #1 · (Edited)
I get a $1.40 per mile plus .15 cents a minute on X which equates roughly to .80 cents a mile each way.

However with short trips that double back and tips, I've averaged .95 cents an odometer mile the year before and $1.01 per odometer mile last year.

Now the pay is different because there isn't enough trips to daisy chain or get return trips, unlike in more heavily populated areas. So yea, I deadhead home just about every trip.

With sustainable costs to operate, which includes everything cost related to ridesharing, including vehicle costs, taxes, insurance, phones, cleaning and .15 cents a mile towards buying a replacement vehicle: I have .75 cents a mile in costs, which if I'm only getting .80 cents a mile pay, leaves diddly squat of a .05 cents a mile profit. So I lose on long trips unless the pax tips well which they do less of porportionally on longer trPay,


So tips are extremely important and without them, business is unsustainable. Short trips tip the best and more often. The difference between the two years I give is because the first one I did a lot of long, unprofitable, low tip ratio trips and the second year I did less of those.

Now if your pay is looking about .80 cents a mile paid one way, you can make $1 per odometer mile provided you stick to short trips that double back, tip well and only take long trips headed to your direction. Your likely doing a hell of a lot more volume than I, which means despite my higher pay, your likely making much more profit than I, that is until Upfront Fares came along to throttle your @$$.

So I've got your Unicorn right here! 馃

For those of you that don't know, $1 per odometer mile OR BETTER is the minimal acceptance criteria needed in order to make ridesharing profitable. To make it sustainable you also need to generate in excess of $1750 GROSS per week, including tips, which equates to about 85,000-90,000 miles driven a year. Which, should you follow the $1 per mile odometer mile metric, save .75 cents an odometer mile towards all costs, should earn you a whopping $15,000-$20,000 a year. Only paying social security and Medicaid taxes, no Fed taxes, provided you record your miles for the IRS tax deduction of xyz cents a mile.

I've been following this formula successfully for over 4 years now and have $70,000 burning a hole in my pocket. But it would be foolish to spend it all on a vehicle I couldn't pay off with earnings, so $20,000 is ideal, $40,000 tops. Unless you plan to die and it's your last vehicle you will ever need. Got it?

Now who says you can't make it on Uber? You can, if your willing to dog yourself to death. 馃惗

Edit: $1750 a week.
 

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Discussion Starter · #5 ·
Do you have an AUX cord?
Can I vape in here?
Can you turn up the music?
Can we stop at Taco Bell?
Can you roll down the window I don't feel too good ....

Question is, can I get a booby flash?

All together now! 1, 2, smile for the camera and THREE! Hold it, a few more shots! Good! Whoo hooo!

Sweet, yes we can go through the drive through now.. 馃榿
 

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Question is, can I get a booby flash?

All together now! 1, 2, smile for the camera and THREE! Hold it, a few more shots! Good! Whoo hooo!

Sweet, yes we can go through the drive through now.. 馃榿
Question is, can I get a booby flash?

All together now! 1, 2, smile for the camera and THREE! Hold it, a few more shots! Good! Whoo hooo!

Sweet, yes we can go through the drive through now.. 馃榿
These are good Christian girls they don't do that.

Just don't look at their fans only account and your dreams won't be shattered, but they might be wet.
 

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You're right $4 a mile is not a unicorn.

It's a Friday night at 1:50 at your local bar when chrissy, missy, christy, and pissy are all going home 2 miles away for $12.56.

Do you have an AUX cord?
Can I vape in here?
Can you turn up the music?
Can we stop at Taco Bell?
Can you roll down the window I don't feel too good ....
I got 3 tips last night one was 100 so that is only 4 times out of 16.000 rides . Benjamins are not a thing .
 

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should earn you a whopping $15,000-$20,000 a year. Only paying social security and Medicaid taxes, no Fed taxes, provided you record your miles for the IRS tax deduction of xyz cents a mile.

I've been following this formula successfully for over 4 years now and have $70,000 burning a hole in my pocket.
So if you make $20k a year in 4 years and have $70k in your pocket:
You never ate?
Took a vacation?
Had health insurance? Not even a teeth cleaning?
Have no rent, utilities, or clothing costs?
Never bought tires, gas, oil, brakes for the car?

Oh, wait, I forgot you're full of shit. Post some bills/tax returns if you really did this. But you cannot since you did not.
 

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Question is, can I get a booby flash?

All together now! 1, 2, smile for the camera and THREE! Hold it, a few more shots! Good! Whoo hooo!

Sweet, yes we can go through the drive through now.. 馃榿
I missed that from my taxi days that was an every other weekend occurrence.
 

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Discussion Starter · #11 · (Edited)
So if you make $20k a year in 4 years and have $70k in your pocket:
You never ate?
Took a vacation?
Had health insurance? Not even a teeth cleaning?
Have no rent, utilities, or clothing costs?
Never bought tires, gas, oil, brakes for the car?

Oh, wait, I forgot you're full of shit. Post some bills/tax returns if you really did this. But you cannot since you did not.
Very simple. Roughly speaking.

.95 to $1.01 per odometer mile, let's average .98 cents an odometer mile gross.

Minus costs

.20 mile for gas
.04 mile for fluids
.02 mile for tires
.07 mile for cleaning (daily car wash, 2x year full detailing)
.04 phone
.03 insurance
.03 repairs
.05 mile taxes

.98 - .48 cents in business/vehicle costs that leaves .50 cents a mile for pay and life expenses (edit)

I have 490,000 odometer miles, started Uber with 100,000 miles. So 390,000 actual miles over 4.5 years is 86,000 miles a year average. (I have a popular and easy to repair truck that's been awesome on its longevity, still can Uber another 6 years with it).

So that's $43,000 a year to live on and save towards a replacement vehicle.

So I saved $70,000 over 4.5 years, or apx $15,600 a year or .18 cents an odometer mile. So life expenses has been about $27,400 a year on average.

Dental out of pocket. $10,000 last year alone. Other health care out of pocket. No health insurance currently, can't afford that and save for a replacement vehicle. However since my next vehicle purchase will likely be my last, then I can afford the $1800 a month plan as I'll need all sorts of surgery to keep my carcus alive.

So the next move is to get a second Uber vehicle, then I'll have two and 300,000 - 1,500,000 potential miles to cover the next 3.5 - 17.5 years or until I'm dead or nursing home. Then get health insurance plan as I expect it to rise and cost me nearly $25,000 a year.

Sounds like a plan?

Vehicle depreciation is a COST, that vehicle has to be replaced with an inflation adjusted newer one, unless it's ones last vehicle they will ever own.

So saving .75 cents an odometer mile includes savings for a replacement vehicle, as well as taxes, insurance, fuel, cleaning, phone etc. .25 cents a mile (or better) is ones pay. Walla $1 per odometer mile or better. Do it or die trying.
 

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I get a $1.40 per mile plus .15 cents a minute on X which equates roughly to .80 cents a mile each way.

However with short trips that double back and tips, I've averaged .95 cents an odometer mile the year before and $1.01 per odometer mile last year.

Now the pay is different because there isn't enough trips to daisy chain or get return trips, unlike in more heavily populated areas. So yea, I deadhead home just about every trip.

With sustainable costs to operate, which includes everything cost related to ridesharing, including vehicle costs, taxes, insurance, phones, cleaning and .15 cents a mile towards buying a replacement vehicle: I have .75 cents a mile in costs, which if I'm only getting .80 cents a mile, leaves diddly squat of a .05 cents a mile profit. So I lose on long trips unless the pax tips well which they do less of porportionally on longer trips.

Short trips tip the best and more often. The difference between the two years I give is because the first one I did a lot of long, unprofitable, low tip ratio trips and the second year I did less of those.

Now if your pay is looking about .80 cents a mile paid one way, you can make $1 per odometer mile provided you stick to short trips that double back and only take long trips headed to your direction. Your likely doing a hell of a lot more volume than I, which means despite my higher pay, your likely making much more profit than I, that is until Upfront Fares came along to throttle your @$$.

So I've got your Unicorn right here! 馃

For those of you that don't know, $1 per odometer mile OR BETTER is the minimal acceptance criteria needed in order to make ridesharing profitable. To make it sustainable you also need to generate in excess of $1750 GROSS per week, including tips, which equates to about 85,000-90,000 miles driven a year. Which, should you follow the $1 per mile odometer mile metric, save .75 cents an odometer mile towards all costs, should earn you a whopping $15,000-$20,000 a year. Only paying social security and Medicaid taxes, no Fed taxes, provided you record your miles for the IRS tax deduction of xyz cents a mile.

I've been following this formula successfully for over 4 years now and have $70,000 burning a hole in my pocket. But it would be foolish to spend it all on a vehicle I couldn't pay off with earnings, so $20,000 is ideal, $40,000 tops. Unless you plan to die and it's your last vehicle you will ever need. Got it?

Now who says you can't make it on Uber? You can, if your willing to dog yourself to death. 馃惗

Edit: $1750 a week.
All that BS gives me a headache. I know a good ride when I see it, and a crappy ride when I see it. That's MY strategy.
 

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.07 mile for cleaning (daily car wash, 2x year full detailing)
Really, really now
you said you drive drive 86,000 miles a year
86,000 x $0.07 = $6,020 per year
Or
$501.66 per mo
 

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Really, really now
you said you drive drive 86,000 miles a year
86,000 x $0.07 = $6,020 per year
Or
$501.66 per mo
That's how much is earmarked for cleaning. That doesn't mean it takes that much every month to clean the vehicle. So you let it build up, what's leftover is profit.

What happens when you come in to some major repairs and the money that you put aside per mile for repairs doesn't cover it at the end of the year? That's a loss.

Sometimes the prophet in one area covers the lost in another.

That's just how you handle business
 

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Very simple. Roughly speaking.

.95 to $1.01 per odometer mile, let's average .98 cents an odometer mile gross.

Minus costs

.20 mile for gas
.04 mile for fluids
.02 mile for tires
.07 mile for cleaning (daily car wash, 2x year full detailing)
.04 phone
.03 insurance
.03 repairs
.05 mile taxes

That leaves .50 cents a mile

I have 490,000 odometer miles, started Uber with 100,000 miles. So 390,000 actual miles over 4.5 years is 86,000 miles a year average. (I have a popular and easy to repair truck that's been awesome on its longevity, still can Uber another 6 years with it).

So that's $43,000 a year to live on and save towards a replacement vehicle.

So I saved $70,000 over 4.5 years, or apx $15,600 a year or .18 cents an odometer mile. So life expenses has been about $27,400 a year on average.

Dental out of pocket. $10,000 last year alone. Other health care out of pocket. No health insurance currently, can't afford that and save for a replacement vehicle. However since my next vehicle purchase will likely be my last, then I can afford the $1800 a month plan as I'll need all sorts of surgery to keep my carcus alive.

So the next move is to get a second Uber vehicle, then I'll have two and 300,000 - 1,500,000 potential miles to cover the next 3.5 - 17.5 years or until I'm dead or nursing home. Then get health insurance plan as I expect it to rise and cost me nearly $25,000 a year.

Sounds like a plan?

Vehicle depreciation is a COST, that vehicle has to be replaced with an inflation adjusted newer one, unless it's ones last vehicle they will ever own.

So saving .75 cents an odometer mile includes that cost, as well as taxes, insurance, phone etc. .25 cents a mile (or better) ones pay. Walla $1 per odometer mile or better. Do it or die trying.
But above you stated that your costs were 0.75 a mile. I thought that was high. So you made a mistake above. Now you're saying they are 0.50. So that makes sense. You confuse people with all the unnecessary and changing detail. You Whyan make money at .50. And you switch scenarios right in the middle of your explanation. Just make it simple. The real question is whether you can continue to average a 1.00 a mile for all of your miles.
 

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Discussion Starter · #18 ·
But above you stated that your costs were 0.75 a mile. I thought that was high. So you made a mistake above. Now you're saying they are 0.50. So that makes sense. You confuse people with all the unnecessary and changing detail. You Whyan make money at .50. And you switch scenarios right in the middle of your explanation. Just make it simple. The real question is whether you can continue to average a 1.00 a mile for all of your miles.
You didn't read it right. Try again.
 

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For a guy who calls himself Obey the numbers, you're not very good at explaining the numbers. First of all, the cost per mile that you quote should include everything. So if I make a $1.00 a mile, and my cost per mile is $50 per mile, then I've made $0.50. That's the profit. But you've gone back and forth with what is in your costs. And what is your profit. You can average all costs and put them in you cost per mile. You could make it simple if you did this. Thanks.
 

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.04 mile for fluids
.07 mile for cleaning (daily car wash, 2x year full detailing)
.04 phone
At 86,000 miles per year
Your car fluids is $286.00 per mo (fluids other than gas)
You car cleaning budget is $501.66 per mo
Your phone is $286.66 per mo
You call yourself obey the numbers but none of your numbers never seem to really add up or make any sense, $501 a month for car cleaning, what are you having multiple puke parties in your car every weekend, $286 a month for fluids for your car what are you pouring radiator fluid, transmission fluid, oil, and all other fluids out of the back of your car as you drive, $286 for phone bill, I pay about $65 a month for my cellular phone plan and that includes 40 gigabytes of hotspot, I don't know why I ever waste my time reading your post.
 
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