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Not every job in the gig economy requires a car, but every gig economy job does require a phone with a data plan. Preferably, a phone with a solid data plan.
Recently, we covered a new rideshare company called Bounce, and many of you had questions about how busy Bounce rideshare is and how much drivers with Bounce can make. Today, senior RSG contributor Will Preston covers that, plus an interesting conversation he had with one Bounce rider.
Imagine trying to compete with one of the biggest companies in the world, and you’ll have some idea of what life must be like for the founders of Bounce. With all of Uber’s challenges – not the least of which is turning a profit at some point – it has been successful enough to be synonymous with rideshare. Uber has joined Xerox, Frisbee, and Kleenex as a company whose name means the thing it does. Many of my Lyft passengers say “I’m in an Uber” when they’re on the phone with a friend.
However, the founder of Bounce seems to have seized upon a few things about Uber and Lyft that might allow Bounce to attract both passengers and drivers. Bounce tells passengers that everyone pays the same fare; there’s no pricing based on where you live, where you’re going, or how busy it is. Bounce tells drivers they get a piece of the company and residual revenue based on helping the company grow.
Today, senior RSG contributor Christian Perea digs into a new rideshare company called Tryp that has seen a ton of hype, but the company is also raising more questions than answers. Is Tryp legit?
Over the past several weeks we’ve gotten a lot of questions from drivers about a new rideshare company called Tryp. Readers, ambassadors for the company and others have messaged us claiming that Tryp is prepared to do BIG things that will shake the very foundation of the entire gig-economy. Then they invite us to attend an informational webinar.
Would you rent out your vehicle to another rideshare driver? For drivers who have an extra vehicle, don’t want to or can’t rideshare drive at the moment, or for those who just want to make some extra cash with their unused vehicle, Hyrecar can be a great option. But what’s it like renting your car out to strangers? RSG contributor Paula Gibbins details her experience renting her car out on Hyrecar here (affiliate link)
HyreCar is not a new concept, but it was new to the Minneapolis/St. Paul area as of May 2018. My husband, Adam, had signed up to be notified as soon as it was available in our area because we wanted to test it out. Passive income is always a great thing in our opinion, so we wanted to see if this would be worthwhile.
For a little background, HyreCar is a service where people who own cars can put them up for rent, typically by Lyft and Uber drivers who don’t have cars that they can use or who don’t want to put the wear and tear on their own vehicles. So, those drivers rely on people like my husband and I to be willing to let them drive our cars.
This is the third article of a six part series on setting up your rideshare business. Last time, we explained why it’s important to set up a business checking account. Today, we’ll cover business credit cards and give you some tips for applying for your first business card.
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!
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Day 1 – Should You Form An LLC For Your New Rideshare Business?
Day 2 – Setting Up Your Rideshare Business Checking Account
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?
