Contents:

2 min read

    2 min read

    Drivers and passengers have very passionate opinions about Uber’s surge pricing but unfortunately we really don’t know all the facts.  Uber has never released much detail about how the algorithm works but today I interview a University of Maryland Professor who actually pulled data on surge pricing user Uber’s API and made some interesting conclusions.

    I see new and even experienced drivers making mistakes all the time when it comes to surge pricing.  In today’s podcast, you’ll find out what those mistakes are, how you can avoid them and how to leverage surge pricing to increase your earnings.

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    If you’d like to read a transcript of this podcast, please click here.

    Intro

    • I may need to buy new brakes! Firestone quote: $500-600
    • Checking with YourMechanic soon to see what they charge to fix my brakes
    • Goal is convenience, but also saving money. Will let you know what I find out!
    • Started a new routine thanks to Rob’s advice
    • All about keeping your mind and body in balance, especially when you’re your own boss
    • An interview with Nick Diakopoulos

    About Nick

    Learn How Uber Surge Pricing Can Help or Hurt You

    • The Washington Post article discussed data gathered from neighborhoods in DC regarding surge price, estimated wait time
    • Showed surge pricing does work – when surge on, decrease in wait time for cars
    • Surge pricing changes frequently
    • Cars redistributed when surge pricing is in effect, but it doesn’t mean there are more cars on the road
    • Following surge pricing not always the best idea

    What Can We Learn from Uber Data?

    Outro

    • Check out Nick’s website for more information, especially if you’re interested in data and analysis written in accessible way
    • Everything we discuss on this podcast is about working smarter, not harder
    • We cover surge pricing in our course at MaximumRidesharingProfits.com
    • Know of anyone who’d like to discuss ridesharing, rideshare trends, or rideshare data? Contact me!

    Show Notes

    What did you think about our interview with Nick Diakopoulos?  What do you think about the data Nick pulled in regards to Uber’s surge pricing?

    If you’d like to read a transcript of this podcast, please click here.

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    -Harry @ RSG

    Harry Campbell

    Harry Campbell

    I'm Harry, the owner and founder of The Rideshare Guy Blog and Podcast. I used to be a full-time engineer but now I'm a rideshare blogger! I write about my experience driving for Uber, Lyft, and other services and my goal is to help drivers earn more money by working smarter, not harder.

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