Day 5: What Are the Best Apps to Track Your Mileage?

This is the fifth article of our Business of Rideshare Series and today we’re going to help you maximize your deductions come tax time.  In order to do that though, you’re going to need a good mileage tracking system.  So we tried all of the top mileage tracking apps and here are our favorites!

If you liked this course, we’ve got another one over at MaximumRidesharingProfits.com.  If you’ve found that your income has been decreasing lately with the influx of more and more drivers, we have released all of our top money making strategies in this course.  We’ll help you work smarter AND earn more money!

For rideshare drivers, mileage is one of the biggest deductions you can take. Find out which tools will help you track your mileage and ensure you save money.

Day 1 – Should You Form An LLC For Your New Rideshare Business?

Day 2 – Setting Up Your Rideshare Business Checking Account

Drive with Uber 3

Day 3 – Applying For Your First Rideshare Business Credit Card

Day 4 – What’s The Best Way To Track Your Income & Expenses?

Day 5 – What Are The Best Apps To Track Your Mileage?

Day 6 – Everything You Need To Know About Rideshare Taxes

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How To Drive For Uber And Lyft At The Same Time

If you currently only drive for one TNC, you may be wondering why you would ever want to complicate your life by running two services at once.  Well, running two apps at the same time actually increases your chances of getting a request and in turn will increase your earnings.

It’s also a good idea in case there’s a big Uber-like rate drop or one service’s system goes down.  Driving for multiple TNCs diversifies your income streams and spreads out the risk.

I am not beholden to any of the services, and I drive for both Uber and Lyft. I also drove for Sidecar before they went out of business. I prefer driving for the one that puts the most money in my pocket and that varies week to week and, sometimes, hour to hour.

So, now that you’re convinced, it’s important to have a process and plan in place when you’re out on the road.  If you don’t, you will waste time, hurt your acceptance rate and basically, drive yourself crazy.

Over 75% of drivers drive for both Uber and Lyft but not many of them know the secrets about how to do it at the same time!

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How to Make $28/Hour as an Uber Driver in San Diego

Harry here.  Whenever people ask me how much you can make as an Uber driver, I don’t always have the best answer since the truth is it can really vary.  It depends a lot on what city you’re in, when and where you drive and even how good of a driver you are.

I’ve seen lots of people complain about how little they’re making, but the truth is they’re probably not doing everything they can to maximize their income.  Today, I wanted to share a guest post from long-time reader and new RSG contributor Bill Tesuaro.  Bill is a rideshare veteran out of San Diego and has consistently earned $28/hr AND has the numbers to back it up.  Let us know what you think of Bill’s strategy in the comments below.

I’ve been hitting the pavement as a weekend warrior, logging between 20-24 hours per week, for the past 15 months driving for both Lyft and Uber.  I ended 2015 grossing an average of $28 an hour, then rates in San Diego were drastically reduced 82% per mile & 50% per minute while eliminating the base fare completely at the beginning of January 2016.

Sounds disastrous, right? Actually, seven months later, I’m still running at a gross average per hour of $28.  How is that possible?  Am I a better driver than most?  Nope, but I’d like to think, qualitatively speaking, I’m driving smarter!Think it's impossible to maximize your driving with all of Uber's rate cuts? A driver in San Diego shows how he makes $28/hr - rate cuts and all!

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11 Things That Can Get You Deactivated As An Uber Driver

There are a lot of great reasons to be a rideshare driver, but at one time or another, we’ve all been frustrated by at least one of Uber’s policies.

Personally, I’ve always had problems getting reliable answers from Uber customer support (although they did call me once!). Not only is it tough to get an answer, but it can also be tough to get a straight answer.  But if you’re reading this, you’re probably already well aware of all the positive and negative aspects of driving.

10 Things That Can Get You Deactivated As An Uber Driver

11 Things That Can Get You Deactivated As An Uber Driver

Regardless of where you stand on the Uber experience, at the end of the day, driving for Uber is still a lot better than many other jobs (that’s why so many people do it, right?).  Anyone who’s worked in a corporate environment can tell you that clocking in at 9 am and out at 5 pm really does suck.  And although you’re not completely your own boss with Uber, it’s pretty damn close. [Read more…]

What’s The Real Commission That Uber Takes From Its Drivers? [Infographic]

Harry here.  I’ve always had a problem with the lack of transparency when it comes to TNCs like Uber and Lyft.  There are countless examples of this, but today we’re going to focus on the commission they charge their drivers.  For an app that just ‘connects passengers and riders’, it sure does seem like they take a big cut, and that number is only increasing.

Over the past few weeks, RSG senior contributor Christian Perea and I have been examining the real commission that Uber takes from its drivers, and today we’re presenting that information in an infographic.  If you’d like to share this infographic on your own website, feel free to copy the embed code at the end.

TNCs like Uber and Lyft have long advertised that they charge only a 25% commission of the fares they earn. However, these figures ignore the “Booking Fee” that both companies assess on top of each ride, which goes solely to the TNC. The resulting effects of this fee and the 25% commission mean that when passengers step outside of their Uber and only see a $5 charge, the driver will only get around half of that.

To make matters worse, Uber and Lyft have consistently cut prices so that most drivers are now driving twice as far to earn the same $10 dollars that they made only two years ago. The result is that drivers are forced to drive longer hours while incurring heavier expenses.

In the infographic below, we examined a collection of UberX trips in San Francisco to show what the real take home pay of an Uber driver looks like and show that these “Booking Fees” translate into a much higher commission than the 25% these companies advertise.

TNC Commission Infographic

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Popular Car Rental Service for Uber and Lyft Drivers Suspends Operations

Harry here.  It seems like more and more companies are shutting their doors these days than opening them.  I can’t say I’m surprised since it really speaks to the disconnect between a lot of start-ups that fail and the people (in this case drivers) they’re trying to serve.  I see this a lot with employees at Uber, but if you’re a start-up like Breeze looking to scale (doing the exact same thing that Uber does with Xchange Leasing) you have to do things differently than Uber.  You can’t go out and offer a crappy product with questionable recruiting tactics and expect drivers to stick around. I’ve actually gotten a couple e-mails this week from employees at Breeze and it seems like they were also treated pretty poorly as the ship was sinking. More to come on this as we learn more.

Today, senior RSG contributor John Ince takes a look at a couple companies that are closing shop, the cottage industry around training drivers and an interesting UberPool promotion in NYC.

John Ince covers a popular car rental service closing shop, the cottage industry around training drivers and an interesting UberPool promotion in NYC.

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