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This is the way I run my Ubering.
My operating cost per mile is $.59. I profit in my market.
Make note of your beginning miles and then when done for the night ending miles.
Multiply that by your per mile operating cost to see what your oop was for the night. Then subtract that from your after Uber earnings minus 15%(taxes,social security). Then you will have your profits for the night. Divide by the amount of hours to get your hourly wage (if you want but its a business not job, so that is pointless)
If your doing this full time then you will also need to deduct medical expenses and or life insurance(if you want it).
You cant profit doing this full time BTW.
From my study.. its impossible to profit from less that $1 per mile. If your market is that.. stop driving.
My operating cost per mile is $.59. I profit in my market.
Make note of your beginning miles and then when done for the night ending miles.
Multiply that by your per mile operating cost to see what your oop was for the night. Then subtract that from your after Uber earnings minus 15%(taxes,social security). Then you will have your profits for the night. Divide by the amount of hours to get your hourly wage (if you want but its a business not job, so that is pointless)
If your doing this full time then you will also need to deduct medical expenses and or life insurance(if you want it).
You cant profit doing this full time BTW.
From my study.. its impossible to profit from less that $1 per mile. If your market is that.. stop driving.