Rideshare driving and other gig working opportunities are flexible, but they also pose some challenges as well. One of those challenges is often knowing when to drive and how to maximize your earnings.
Since you have so much more control over your jobs, it makes sense that many gig workers want to make the most of their time on the platforms they work and not leave any money on the table.
Solo is an app that helps drivers and gig workers uncover the secret element they need to ensure success on their platforms: data.
What Is Solo?
Solo is an app for rideshare drivers and gig workers that uses data and analysis in a powerful way to help improve driver performance and maximize earnings.
Their mobile app makes running your business-of-one easy by seamlessly managing your income, expenses, work-related miles, and taxes, and—in major metro areas—their smart schedule will show you the best hours to work with predictions they back through their Pay Guarantee program!
This Seattle start-up began with one goal in mind: to empower solopreneurs by providing the necessary data needed to help them earn more money in less time.
Solo uses a worker-first mentality after talking to thousands of workers and finding out that they find the unpredictability of gig work apps frustrating and a little scary.
It’s no secret that app workers have it harder when it comes to finding the proper resources to do their jobs efficiently.
Solo gathers various data points that you generate when you’re driving for Uber or Lyft, picking up for DoorDash, or doing any other app job. Then, Solo analyzes that data and provides actionable insights for you to start using immediately to become more efficient.
In 2020, co-founders Bryce Bennett and Keith Ng founded Solo. In 2021, the company received $5.3 million in seed fundraising dollars.
“When working with Uber, we got to see some of the key challenges app workers face which is knowing how to optimize their time,” said Keith Ng. “Everyone has an income goal and with Solo we’re trying to bring that same level of income confidence as someone with a W2 job.”
Other supporters include Fuse, Ascend, and our very own Harry Campbell from The Rideshare Guy.
Solo App Features
Drivers and gig workers receive quite a few things when they sign up for Solo.
1. Automatically Track Your Income
First, Solo helps you automatically track your income across gig platforms in one app. Tracking this data is important for workers, so this app definitely takes the stress out of tracking and managing it all.
2. Track Your Expenses
You can make maximizing your tax deductions easy by tracking your business expenses with Solo. You can take unlimited photos of receipts when you track expenses in the Solo app, so you never miss a deduction.
3. Track Your Mileage
Solo’s “Trips” feature for mileage tracking is easy and seamless to use. Solo’s smart features automatically track your deductible miles by detecting when you are driving so there’s no need to manually log each start or end of a trip.
Solo knows when you’re working, so it will automatically classify your gig work trips when you link your work accounts with them.
4. Project and File Your Taxes
Worrying about paying your taxes is at the top of all gig workers’ minds starting January of each year. Solo helps you get ahead of your taxes. Solo will use your tracked income and expenses to give you a real-time view of your federal and state income taxes so there are no surprises.
Once you’re ready to file, Solo also allows you to file your federal and state taxes right through the app for a flat fee of $59.99 (if you’re a subscriber)!
Solo optimizes your work schedule by using community data for your city to help you know when, where, and what job you should work across various gig platforms. These hourly pay predictions are ideal since most drivers are signed up with more than one app. It even breaks down income prospects by base rate, tips, bonuses, and incentives.
Solo’s Smart Schedule is available in over 50 metro areas and counting—head to their website to learn more and see what cities these features are available in. As Solo grows, this option will roll out to more cities.
6. Solo’s Pay Guarantee Program
Using the Smart Schedule (mentioned above), Solo also offers a daily income floor in 50 major metropolitan areas across the country. After you craft your ideal work schedule, you can use credits to guarantee the hourly rates shown in the app with their Pay Guarantee program.
If you work the hours you guaranteed in the Solo app, and end up earning less than their prediction, Solo will pay you the difference — that’s how confident they are in their algorithm! You can cash out every Tuesday for the prior week. To date, Solo has guaranteed rideshare and gig app workers over $10 million.
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