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How to profit $3.75, $7.50 or $15 hr ridesharing

137 views 3 replies 2 participants last post by  Signzit  
#1 · (Edited)
Rideshare Cherry-Picking Guide with Mystro
(Net $3.75 / $7.50 / $15+ per Hour)


Core Rule
Pay ÷ (pickup + trip miles).
Mystro already adds pickup miles, so its pay-per-mile is total miles.



1. Mystro Filters by Profit Target
(keep pickup ≤3 mi & ≤8 min for all)

One enters the pay per miles into Mystro's acceptance filter depending upon what one has observed in the "Rejected" or "Other" Mystro History.

(First use? Set a ridiculously high pay per mile filter that would never be accepted and just collect data)

So for:

$3.75/hr profit
– Strong-floor cities: Set ≥ $0.75–$0.85/mi
– No-floor markets: Set ≥ $0.70–$0.80/mi


$7.50/hr profit
– Strong-floor: ≥ $0.90–$1.00/mi
– No-floor: ≥ $0.85–$0.95/mi


$15+/hr profit
– Strong-floor: ≥ $1.20–$1.40/mi
– No-floor: ≥ $1.10–$1.30/mi

It all depends how much volume and what Uber/Lyft are offering and ones volume acceptance rate. If they want to stay slammed then set it to $3.75 hr pay per mile rates, Mystro will obviously take anything higher as well.

Note: Setting a pay filter too high may actually resort in less trips and more wasteful and costly deadheading. The object is to keep moving, quickly to the next pickup, one right after another, to make the most profit per online hour after the demand period is over. But during these periods of high demand people will often pay more for a faster pickup and you can take advantage of this by cranking up your pay acceptance rate a little accordingly to get them.


Costs per mile used: IRS cost per vehicle mile = $0.70/mi. So each tier adds ~0.15–0.60/mi profit.



2. Trip Rules (all tiers)
• Trip distance cap: ≤25 mi (but can be set lower obviously.) EV? ≤15 mi from home charging base.
• Reject multi-stop or below-floor offers.
• Re-check every 30 min: raise floor +$0.05 or tighten pickup if hourly goal not met.
• keep pickup ≤3 mi & ≤8 min for all



3. Best Times
• Weekday commutes: 6:30–9:30 a.m., 3:30–7:30 p.m.
• Fri/Sat evenings: 5 p.m.–2 a.m.
• Event let-outs: loosen pickup to 10 min for 30 min post-event.
• Airport surge: only if surge + short queue.

All other times: If going on a already planned trip, then set a DF only and take anything that will reduce your trip costs along the way. Avoid being sucked into full time driving, have a regular job or get one fast as this gig is unreliable and unpredictable.


4. Location Strategy

• Stay within stacked-demand zones: airport + nightlife + university + hospital + worker housing etc. Any areas of high sources of good (tipping preferred) trips. Outside of that forget it, unless you intend to go there.

What this means is setting high volume pickup and drop off location area filters in Mystro where it's very likely where one drops off will be a very short time to the next pickup location. These only occur at certain times and places during the week as mentioned above. Knowing ones area and setting area filters correctly helps here.

• Use Destination Filter (DF) toward another hot zone or home.

• Keep repositioning deadhead under 3 mi unless heading to guaranteed demand.



5. DF Home Run
When finishing for the day:
• Set DF to home.
• Drop floor to ~$0.70–$0.80/mi (covers costs).
• Keep pickup ≤3 mi, ≤8 min.
• If no ping in 15–20 min, just drive home.



6. Market Notes
• Floor markets (NYC, Seattle, Boston, MSP, CA Prop 22):
Law sets minimum—Mystro filters add profit cushion.
• No-floor markets:
Your filters are your protection—pick the tier that fits your goal.



Bottom Line
Choose your tier, set the Mystro pay-per-mile floor, follow the same time windows and trip rules, and you’ll stay profitable whether you aim for $3.75, $7.50, or $15+ per hour net.


Remember deadheading (unpaid miles) kills profits! Drop off and wait someplace safe for the next trip. If it's not busy you shouldn't be out in the first place or you need to adjust your area filters some.
 
#2 · (Edited)
In case you were wondering why pay per mile and other filters needed for pay floor areas.


Even when a state or city mandates a minimum pay, Mystro filters (or any personal filters) can still make sense—here’s why:


1️⃣ Legal floors protect engaged time, not your whole shift

Most pay-floor laws (NYC TLC, Seattle, Prop 22, etc.) guarantee a minimum while you’re on an active trip.

They don’t cover:
  • Waiting for requests
  • Driving to pickups (if the app is off or if the time exceeds certain caps)
  • Long unpaid deadhead home

If you accept every trip that merely meets the legal floor, you can still spend a lot of unpaid time and end up with a lower hourly profit.


2️⃣ Floors are a minimum, not a goal

The mandated rate is the legal bottom.
Setting a Mystro pay filter above that bottom is just a personal profit target.
Example: Boston’s floor might net you around $1.40/mi on engaged miles, but if you want $15+/hr after expenses, you might filter at $1.20–$1.40/total mile (pickup + trip) to ensure your overall hourly stays there.


3️⃣ Filters block inefficient trips the law can’t

Regulations don’t stop:
  • Long pickups that burn unpaid miles
  • Multi-stop errands that stretch your time
  • Low-tip neighborhoods
Mystro filters (pickup distance/time, per-mile floor, area filters) let you reject those trips automatically.


4️⃣ Consistency across markets

If you drive in or near mixed jurisdictions—say, part of your day inside a city floor zone and part outside—your own filters keep earnings consistent no matter which side of the line you’re on.



Bottom line:
State or city pay floors are a safety net for engaged time, not a guarantee of the hourly profit you want.
Mystro filters simply enforce your personal profit margin and efficiency, making sure every trip you accept helps you hit your $3.75, $7.50, or $15+ per hour goals—not just the legal minimum.
 
#3 · (Edited)
You have the keys to the profitable rideshare kingdom ladies and gents.

The cumulative effort of weeks and months struggling over this enigma call Uber and it's bastard offspring Lyft.

I kinda knew what days and times to drive myself from years in the taxi business, but it's so nice to have it laid out so wonderfully well by AI that's taking in so much data like pay floor schemes, rideshare analysis, vehicle costs analysis and so forth.

So needless to say a tremendous amount of personal effort went into solving this mystery and to see it laid out so elegantly, so articulated right in front of my eyes almost makes me want to cry. 😆

There was so much obfuscation going on trying to shield the truth about the real numbers and reasons why Uber/Lyft are doing what they are doing.

Why drivers are pissed, why 50-70% quit every year. But now it's been made perfectly clear. Uber and Lyft need drivers around the clock but really there is only a few times of the day that makes driving profitable and the reason for that is there are no driver caps with Uber or Lyft, nor any pay for deadhead miles. So most of all the rest of the time outside those busy times is just a lot of hoping and praying.

I've done that myself, 18 hours a day, 7 days a week for 4.5 years to be able to buy my new $48,000 van for cash. Only to die two months later and I'm back, back from the dead to TELL YOU don't kill yourself for these pathetic parasite gig companies like I did.

If your going to do it at least follow the rules above and make a few tweaks as needed. Work the surges and forget the rest.

Don't get into a pissing contest with other drivers. Just go home and relax until you hit one of the prime windows and then come out to clean up. That's what Uber/Lyft get for undercharging and under compensating drivers, inconsistent service.

The new car of mine is not worth what I'm now paying for it with my poor health, half my intestines are GONE. A crap bag on my stomach that keeps me chained to my house and the bathroom which I visit at least 20 times a day.

So F Uber and F Lyft, just drive the opportunity times and days and F the rest if it's not worth it.

If they paid for ones deadhead miles and restricted drivers, paid decently then perhaps so, but the way it goes now everything profit wise relies upon getting another trip quickly as soon as the first one is dropped off.

If you don't have that going on then your losing.

Again do not get greedy and try to make a living off this because they are not paying enough which causes one to drive more and more, causing serious bodily injury. Slow down and get yourself a real job that is sustainable and do this only part time.

Good night and God bless.