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Discussion Starter · #1 · (Edited)
To all of you who might be wondering why this week is especially lucrative, there are about twenty thousand Microsoft conference participants in Toronto this week.

This should make this last week of Uber especially memorable. Note that since the conference starts very early daily, you should not expect demand to go over midnight (as per my experience today).

My stats for Monday:

4 hours online
8 trips (4 X, 4 XL [1 with X1.5])
130 kms
$183 in gross fares (including SRF).
$125 total after Uber's cut
$96 total after all expenses
$24 hourly after all expenses
$0.73 per km
 

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To all of you who might be wondering why this week is especially lucrative, there are about twenty thousand Microsoft conference participants in Toronto this week.

This should make this last week of Uber especially memorable. Note that since the conference starts very early daily, you should not expect demand to go over midnight (as per my experience today).

My stats for Monday:

4 hours online
8 trips (4 X, 4 XL [1 with X1.5])
130 kms
$125 total after Uber's cut
$96 total after all expenses
$24 hourly after all expenses
$0.73 per km
There already is a thread on this.
Harry70 posted it.
 

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To all of you who might be wondering why this week is especially lucrative, there are about twenty thousand Microsoft conference participants in Toronto this week.

This should make this last week of Uber especially memorable. Note that since the conference starts very early daily, you should not expect demand to go over midnight (as per my experience today).

My stats for Monday:

4 hours online
8 trips (4 X, 4 XL [1 with X1.5])
130 kms
$125 total after Uber's cut
$96 total after all expenses
$24 hourly after all expenses
$0.73 per km
So, your expenses is around 23% of your total after Uber's cut..
 

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Discussion Starter · #5 ·
There already is a thread on this. Harry70 posted it.
Sorry, Harry70 is in my ignore list, because his messages are unreadable to me. So I don't see his threads either.
 

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Discussion Starter · #8 ·
So, your expenses is around 23% of your total after Uber's cut..
Yes, my rule of thumb is expenses are about 25% of whatever I get after Uber's cut. It fluctuates from 20 to 30 from week to week, but it's about 25% on average. Generally another good rule I have is that my profit is roughly 50% of total fares (including SRF).

Good job, buddy. What time and area were you on?
1) Started at home at Don Mills and Lawrence at 8 pm, first ping led me to downtown,

2) from downtown up to Eglinton / Yonge

3) down Yonge to St Claire

4) down Avenue and University to Richmond,

5) SELECT cancellation for a man that didn't call me in advance and ask me if it was ok to take his dog (if passengers don't call me in advance, then I have allergies when I arrive on the spot, and yeah, I was the third person with allergies, some people just can't learn :rolleyes:)

6) 250 m XL ride on King, then a short ride from King to Dundas,

7) a long XL trip with X1.5 multiplier from John to a hotel near Pearson

8) medium XL trip to Bloor and Kipling, then I went home (30 dead kms).
 

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Discussion Starter · #9 ·
Its all good. Didn't know he was on your ignore. Sorry to u as well.
NP, I'm glad someone else noticed the conference hype!
 

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Yes, my rule of thumb is expenses are about 25% of whatever I get after Uber's cut. It fluctuates from 20 to 30 from week to week, but it's about 25% on average. Generally another good rule I have is that my profit is roughly 50% of total fares (including SRF).

1) Started at home at Don Mills and Lawrence at 8 pm, first ping led me to downtown,

2) from downtown up to Eglinton / Yonge

3) down Yonge to St Claire

4) down Avenue and University to Richmond,

5) SELECT cancellation for a man that didn't call me in advance and ask me if it was ok to take his dog (if passengers don't call me in advance, then I have allergies when I arrive on the spot, and yeah, I was the third person with allergies, some people just can't learn :rolleyes:)

6) 250 m XL ride on King, then a short ride from King to Dundas,

7) a long XL trip with X1.5 multiplier from John to a hotel near Pearson

8) medium XL trip to Bloor and Kipling, then I went home (30 dead kms).
Generally, what is your expenses vs kms (including the dread km)??
thanks..
 

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Discussion Starter · #13 · (Edited)
No wonder biozon never replied back to Harry70 insults. Interesting :) ^^
Were there any? LOL, couldn't care less. I simply was not able to comprehend what he means when he's writing. His messages looked encrypted to me. They were also not on topic and posted randomly, just not making sense at all. So I decided to ignore him.
 
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Discussion Starter · #14 ·
Generally, what is your expenses vs kms (including the dread km)?thanks..
My average profit since the beginning of 2016 is roughly $0.67 per every km driven for Uber including dead kms. So for each km driven for Uber my expenses are 33 c (or 33%) per km. That includes everything that is actually Uber related (which is portion of gas, maintenance and repairs fund, food, drink, complimentary water, vehicle chemicals and anything else proportionally).

As I already mentioned, next week I'll be working on finalizing my 2016 business year and will have extensive statistics available for everything.
 
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No wonder biozon never replied back to Harry70 insults. Interesting :) ^^
I Damm care ; this buggers think he know it all ; he knows shit : might be me respected I give a shit; after all he is fu uber driver act like CEO of multi national; year planning : spread sheets; in Canada u do what come your way ; he doesn't even know how to fix a tire; just talk :
 

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My average profit since the beginning of 2016 is roughly $0.67 per every km driven for Uber including dead kms. So for each km driven for Uber my expenses are 33 c (or 33%) per km. That includes everything that is actually Uber related (which is portion of gas, maintenance and repairs fund, food, drink, complimentary water, vehicle chemicals and anything else proportionally).

As I already mentioned, next week I'll be working on finalizing my 2016 business year and will have extensive statistics available for everything.
Thank you so much Mr. Biozon, really you are big helper for all of us (specially me)..
 

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My average profit since the beginning of 2016 is roughly $0.67 per every km driven for Uber including dead kms. So for each km driven for Uber my expenses are 33 c (or 33%) per km. That includes everything that is actually Uber related (which is portion of gas, maintenance and repairs fund, food, drink, complimentary water, vehicle chemicals and anything else proportionally).

As I already mentioned, next week I'll be working on finalizing my 2016 business year and will have extensive statistics available for everything.
My stat:
expenses vs kms (including my personal trips & Uber trips dead kms): 39 cents
earning (after uber cut) vs kms (including my personal trips & Uber trips dead kms): 81 cents
 

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Discussion Starter · #18 ·
Thanks, KHITAM.

Now I understand what you meant by expenses vs kms.

Your message made me actually reassess the expenses vs kms ratio.

In my calculations I assumed $1 per km as a starting point.

So the only correct figure in my post is ~ $0.67 profit per km. That doesn't mean the revenue is $1 per km (what I get after Uber's cut).

As I do not have this calculation in my spreadsheets, I'll add it, but that means I'm going to have to introduce this to every tab I have (I have a tab for each week of 2016). Once it's done, I'll post a separate thread with extensive statistics.
 
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To all of you who might be wondering why this week is especially lucrative, there are about twenty thousand Microsoft conference participants in Toronto this week.

This should make this last week of Uber especially memorable. Note that since the conference starts very early daily, you should not expect demand to go over midnight (as per my experience today).

My stats for Monday:

4 hours online
8 trips (4 X, 4 XL [1 with X1.5])
130 kms
$183 in gross fares (including SRF).
$125 total after Uber's cut
$96 total after all expenses
$24 hourly after all expenses
$0.73 per km
based on Mr. Biozon's costing
My stats for Tuesday morning(7:30am ~ 11:30am), 25min/coffee break at down town.
3.35 hours online
6 trips( 5 X, 1 XL: 2.4)
81.6km
$220.70 in gross fares (incliding SRF)
$165.53 after Uber's cut
$ 110.91 total after all expenses (0.33%)
$ 33.11 hourly after all expenses
 
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