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Smart guy....he figured it all out before he even started driving.
It's amazing what you can figure out with a little bit of info and little bit of know how. From the publicly available info that I had (ie. an average Uber driver earns ~$30K/year, and works ~20 hours per week), I was able to figure out my contribution margin would be around $22/hour before I even took my first trip. Reality has been very darn close to that mark for me.
 

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It's amazing what you can figure out with a little bit of info and little bit of know how. From the publicly available info that I had (ie. an average Uber driver earns ~$30K/year, and works ~20 hours per week), I was able to figure out my contribution margin would be around $22/hour before I even took my first trip. Reality has been very darn close to that mark for me.
....yes, but your maths is obviously better than most here.
Things have also changed very rapidly. Two years ago driving for Uberblack I was extrapolating my income at the time and thought I'd make $100,000 in the first year but things started to sour after only about 5-6mths.
Fast forward 2 years to now I wont even crack the tax free threshold of $18,000 this year after all my deductions are considered. Admittedly I have dropped my hours alot but only because it's not worth doing fulltime.
 

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And started anyway...
True, eyes wide open with time on my hands - though I started with Shofer first, then, as I was by that time 'approved to be an Uber Partner', I tried Uber, to compare actual income. The last weeks, have been to establish exactly what may or may not be achievable in terms of hours and income. I'm convinced it's a reasonable proposition for Weekend Warrior work, as a second income, or perhaps as a full time job if you were to pick up a $4,000 - $5,000 Camry and run it into the ground - when it breaks, leave it on the side of the road. To me it makes the most sense for somebody who's retired, of mum at home home when the kids are at school, a FIFO worker on break and yes, I can understand why somebody who's lost a job, or can't get employment would want to try Uber, it is a source of income, albeit poor and I suspect people who are looking for a permanent job, live on the hope that a new job is just around the corner and they won't have to be Uber drivers for long.
 

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To me it makes the most sense for somebody who's retired, of mum at home home when the kids are at school, a FIFO worker on break and yes, I can understand why somebody who's lost a job, or can't get employment would want to try Uber, it is a source of income, albeit poor and I suspect people who are looking for a permanent job, live on the hope that a new job is just around the corner and they won't have to be Uber drivers for long.
And the elephant in the room is "student visa" exploiter drivers who can break the visa conditions as they have in Taxis.

They will be the mainstay and the eventual survivors of the industry.
That's who Northside and ex Taxi pool companies will be getting in.

Might be a few mom's trying to eek out a meagre living 9-3 when kids are at school and young and Uber hipsters are recovering from cheap Uber subsidised binge night out and not catching Uber leaving a few shop runs with tech savvy pensioners.
 

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Yes not viable long term for victims of redundancy; it was tough last year, but this year Uber have delivered the death knell to the full time drivers by cutting our margins and flooding the market with drivers. They will undoubtedly continue in this same direction as seen in other countries in their quest for 100% market share.
 

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wow different to Qld when I started.. I had a DA from years ago for another job I did & when I went into the Qld uber office they just photographed everything onto the tablet thing & matched it to my account. Someone checked the car, I sat in a 15 min presentation & that was it.. signed up ready to go.

About 20 minutes later I was online & the screen went into a cirle & it dinged at me ???wtf is this doing ???? I tapped it to turn it off & I had accepted my first ride .... Lucky for me the pickup was about 200m from where I was & the guy I picked up said it was his first uber ride. So both of us sort of figured out what to do :)
 

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Discussion Starter · #19 ·
wow different to Qld when I started.. I had a DA from years ago for another job I did & when I went into the Qld uber office they just photographed everything onto the tablet thing & matched it to my account. Someone checked the car, I sat in a 15 min presentation & that was it.. signed up ready to go.

About 20 minutes later I was online & the screen went into a cirle & it dinged at me ???wtf is this doing ???? I tapped it to turn it off & I had accepted my first ride .... Lucky for me the pickup was about 200m from where I was & the guy I picked up said it was his first uber ride. So both of us sort of figured out what to do :)
Hi Nickyboy are you still driving in Qld or are you driving in WA now? WA=wait awhile, so I found out when I moved from NZ.
 
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