Before I get into this week’s rideshare roundup, just a quick administrative note that there won’t be any posts next week since I’m currently on my honeymoon. I actually got married last weekend and right now I’m in the middle of a 2 week European vacation. We started off in Rome and now we’re touring through Santorini and Naxos before heading on to Athens and Istanbul.
If you’re interested, I’m going to be doing a huge month long trip report/travel hacking series on how I paid for about 2/3 of the hotels and flights with miles and points on my personal finance blog starting in August. I plan to be back writing and posting again for this site during the first week of August though and I’ve actually got a podcast coming out on Monday 8/4 that talks about my most lucrative 3 days of rideshare driving ever.
For now though, the wi-fi connection has been better than expected so I thought I’d take a break from relaxing on the beach and share some information with you.
I wanted to thank all the sites that have linked to me over the past couple weeks and in particular Sherpa who featured my site in their latest driver e-mail. If you haven’t signed up for Sherpa yet, I recommend you do so immediately.
If you’d like some more information on the company, you can check out our interview with the co-founder Ryder Pearce here.
Sign up for Sherpa Here (Note: I do get a small referral fee for every 5 drivers I sign up).
For All You New Readers
Since we also have so many new readers and subscribers I wanted to take a moment and highlight some of the most popular articles on the site to date. Even if you’ve been with the site from the beginning, you might have missed a post or two or want to brush up on some of this stuff. So without further ado, here are the top ten posts in Rideshare Guy history:
The Cult of Lyft: Inside the Lyft Pacific Driver Lounge – I wouldn’t say Lyft is anything remotely resembling a cult but it sure does seem like there are some drivers who really embrace the Lyft kool-aid. I think it’s easy to lose sight that we are not Lyft employees and you should be promoting yourself more as a rideshare driver than a Lyft or Uber driver specifically.
We Talked To Uber Drivers — Here’s How Much They Really Make – I guess since the guy they interview has a background in finance he must know how to calculate his true earnings haha! As I’ve shown using my own fare analysis, everything depends on the assumptions you make but generally you can make $20-$40/hr (before expenses) if you drive during the best hours in the busier cities. How you calculate your expenses is up to you, but here’s how I do it.
Google Ventures Head Says Uber Market Value Could Exceed $200 Billion – Google has quite a bit invested in Uber so they are obviously a very biased opinion but it’s still crazy to even compare a new company like Uber to a powerhouse like Toyota (also valued at $200 billion). Obviously this is all talk though until Uber goes public and that’s when we’ll really know how much it’s worth.
Uber Wants To Be Cheap Enough To Replace Your Car – The title pretty much says it all and if this really is Uber’s goal I think it’s a good thing for passengers and society in general. I hate that I have to pay so much for gas, insurance, maintenance and a new or used car every 10 years. I’d much rather Uber or Lyft around and rent a car whenever I need to go on those long journeys.
[Interview] 5 Questions With Harry Campbell On Earning Extra Money With Ridesharing – Here’s a little interview I did for a personal finance site about making money with rideshare driving.
Uber, Lyft and a Road Map for Reinventing the Ride – This is an interesting piece on the economics behind Uber’s latest price cuts and it’s plan to limit surge pricing in times of natural disaster. I know a lot of drivers are unhappy with UberX’s current low pricing yet they keep on driving for them. Actions speak louder than words and in this case, Uber isn’t going to care much if drivers keep complaining. The only way they’ll care is if drivers stop driving.
See How Much of NYC a Taxi Driver Sees in a Single Day – This is actually a really cool infographic that follows the life of an NYC taxi driver. You need to click through the link in the article to get to the graphic.
22 Uber Drivers Who Made Things Incredibly Awkward – Another great BuzzFeed listicle (list-article).
The pinnacle of laziness: One man’s 90-foot Uber ride – I’m actually surprised the ride was even that much. Good per mile rate for the driver though 🙂
Here are all the other rideshare articles I read over the past couple weeks.
Readers, what do you guys think of the latest rideshare news from the past couple weeks? Were there any articles that stood out in my top 10? Can you guess how many views my most viewed post has gotten?
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-The Rideshare Guy
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- RSG109: Bruce Schaller on Why Too Much Uber and Lyft is a Bad Thing for Cities - October 8, 2019