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 of your work, it makes sense that many gig workers want to make the most of their time on the app and not miss out on any money.
Solo is an app that’s helping a lot of 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.
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 and processes 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.
WorkSolo.com 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, mileage, and taxes in one app. Tracking this data is important for workers, so this app definitely takes the stress out of tracking and managing it all.
“Small business owners have to think more about taxes so Solo allows them to sync up their accounts securely from the 15 to 20 platforms that we support,” said co-founder Bryce Bennett.
2. Track Your Expenses
You can make maximizing your tax deductions easy by tracking your business expenses with Solo.
Solo automatically tracks your work-related mileage when you have the app on and have it synced to your work activities.
You can even track other deductible expenses, such as cleaning supplies, your cell phone bill, and even, your Solo subscription.
3. Project Your Taxes
Worrying about paying your taxes is at the top of all gig workers’ minds starting January of each year. Now, with Solo, you can 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.
4. Optimize Your Schedule
Solo also helps optimize your schedule by using community-driven pay predictions that they guarantee. The app uses your data to help predict when, where, and what job you should work across various platforms. It even breaks down income prospects by base rate, tips, bonuses, and incentives.
Solo’s Schedule Optimizer is available in Seattle, Miami, Orlando, Tampa, Tucson, Phoenix, Las Vegas, Denver, Portland, Salt Lake City, Nashville, and Atlanta but as Solo grows, this option will roll out to more cities.
This is ideal since most drivers are signed up with more than one app. Solo aggregates all your activity data to predict your best-earning times and days.
5. Solo’s Pay Guarantee Program
Solo offers a daily income guarantee in Seattle, Miami, Orlando, Tampa, Tucson, Phoenix, Las Vegas, Denver, Portland, Salt Lake City, Nashville, and Atlanta.
This means they use community data to show you how much you can expect to earn at any hour of the day during the week for your different jobs.
If you earn less during the day, Solo will pay you the difference and you can cash out at the end of the week – that’s how confident they are in their algorithm! To date, Solo has guaranteed rideshare and gig app workers over $8 million.
How Does the Solo Gig App Work?
How does it work? You can take a look at the video below for more information, but basically, it works like this: Use Solo’s Schedule optimizer to plan your app-based work schedule.
The Pay Guarantee Program provides a daily income guarantee based on this schedule. If you earn less than what Solo predicted, Solo will pay you the difference at the end of the week!
How is Solo able to offer this with confidence?
It’s all based on the power of data! Solo is able to provide earnings predictions for the major gig jobs across each hour and day of week by using data and insights from the Solo community (i.e. people like you who use and download the app!)
This community-based data informs Solo’s predictive algorithm, which then shows you your predicted earnings by job and hour.
Related:
Gig Work Platforms Supported by Solo
Solo supports all major gig work platforms, plus maybe some you haven’t heard of:
- Doordash
- UberEats
- Grubhub
- Postmates
- Uber
- Lyft
- Instacart
- Shipt
- Amazon Flex
- Spark
- Roadie
- goPuff*
- Wag*
- Task Rabbit*
- Favor*
- Cornershop*
- Dolly*
*Not currently part of Solo’s Pay Guarantee Program
How to Get Started With Solo
To get started with Solo, simply download the Solo app (available on the App Store and Google Play).
From there, you can fill out a short form where you can add your city, the apps you work for, mileage, and hours you work per week.
Then, Solo will give you an estimate of how much more you can earn.
You can actually get a heads up on how Solo can help before downloading the app, by going to their homepage and using their Projected Net Increase calculator, but in order to access the savings Solo identifies, you’ll need to download the app.
Simply download the app on your phone:
Then verify your phone number and start connecting your accounts.
Solo integrates with many apps like Uber, Lyft, GrubHub, Instacart, GoPuff, and more.
From there, you can start tracking important data in real time and using it to your advantage. Solo helps track and optimize your income and keep track of expenses, which will also help you prepare for taxes.
You can compare your hourly earnings with what others are making doing similar work.
What People Are Saying About Solo
Solo’s website claims workers make 20% more than other solopreneurs using the same gig apps. That’s a pretty big deal, but we always like to see what other workers are saying about the app.
Since Solo is newer, I haven’t run across many drivers using the app. However, the ones who did generally liked their experience. One driver commented that the Guarantee Pay was tricky for them since Solo only tracks your ‘active hours’ when you’re accepting trips.
Solo cleared this up by confirming that in order to get the guaranteed hourly pay, you need to complete at least one job per hour within a day. Jobs are defined as trips, deliveries, orders, and other activities depending on your app.
Here’s what other workers are saying about the app:
“I use it and it’s awesome! They already launched their pay guarantee in Seattle and it’s live in Miami now too. The guaranteed pay thing is legit and it’s almost like free insurance since you know that you will get paid what they predict. You just have to make sure you allow the app to track your miles while you work to qualify but this is helpful for tax write offs.” – Reddit User
“Solo is an amazing App if you gig drive. I’ve had it for a while now but never really used it until a couple days ago. Why I didn’t take advantage of it then is beyond me! I drive full time for 3 different platforms and this app is going to be a lifesaver. Documented mileage, tax info, weekly planner. Guaranteed pay! I’m so excited! P.S. Sailing and the Solo team really do a great job showing care, sharing information and making sure everyone feels welcome!” – Google App store review
Is Solo Safe to Use?
There are so many apps out there these days, and it seems like most of them want your data.
Digital security has always been important to me and I like to know what people are doing with my information.
When speaking with the co-founders of Solo, I gained a clear understanding of how Solo works in this sense and the security measures the app takes.
The app doesn’t store your credentials and also has 2-factor authentication. Solo uses Plaid-level security and anonymizes your gig work data to produce community-driven insights.
For instance, you may want to know the best times to drive for Uber in your city. Solo analyzes and aggregates data from other users to produce these results to benefit everyone. So think of it as a small business assistant working in your best interest.
Coming up with all these insights manually would be a full-time job in itself so I fully appreciate the tech level of transparency Solo takes in terms of safety and security.
Takeaways for Drivers
Rideshare driving assistant apps are becoming increasingly popular these days, and with good reason.
As a driver or gig worker, you’re an independent contractor and should have access to data such as your mileage, the best times of day to drive, which apps to use during the day, and more.
Solo makes it easy to aggregate this data all in one place and use it to maximize your time on the road and boost earnings. Solo is also one of the only free apps that allows workers to do this easily.
Solo would be a great option for anyone driving for multiple apps, delivering items, and using other apps that integrate with the platform.
Get $15 when you download Solo and link your active gig work account(s) in the Solo app! Connected accounts must have a minimum of one previous job, be using the latest version of the app, and have a connected payout method (Venmo or Paypal) in order to qualify for the RSG X Solo sign-up bonus. Bonus amounts are subject to change.
Didn’t receive your bonus right away? Don’t worry — Solo sign-up bonuses will be processed every Tuesday for the previous week (Monday-Sunday). As long as you have your Venmo or Paypal connected to your Solo Wallet, Solo will send the bonus amount as soon as Solo verifies you have linked your active gig work accounts. Bonus amounts are subject to change.
Tax Preparation for Drivers: Solo + Column Tax
Here is an example of how Solo synchronizes with your particular gig companies.
In my case, I only work with Uber and Lyft. I have synced both, and now I have access to all my earnings and some excellent reports through Solo.
Since Solo has access to all your gig earnings and expenses, if you have been keeping track through the app, that information, starting next year, can pass through to your tax return. This future feature will make completing your tax return a breeze.
That is next year. Solo will have your revenue and expenses filed into your tax return. For this year, let me show you how doing it yourself works.
1. Gather Documents
For my tax return, I’m using my Uber and Lyft earnings. You will have to manually download and input the information into the Solo app.
You can download the information from Solo if you have Solo synced with your gig companies. I’m old school, so I downloaded my 1099s from Uber and Lyft through their respective websites.
You can also print out your 1099s and include them with your tax return. Additionally, I added revenue from a 1099 Misc. from a company called Teachable, which hosts a few courses for which I have contributed content.
Similarly, starting with next year’s tax return, you can use the expense data accumulated in the Solo app. This year, I will enter all my revenue and expenses manually.
2. Entering Data
At first, I was concerned that I could only prepare my tax return through the app on my phone. Fortunately, I can also access my tax return on a web browser, which allows me to use my computer and mouse to input data.
3. Federal Tax
Inputting your data is similar to the other tax software programs you may have used. You will enter your personal information, revenue, expense, and special circumstances, and then you are done.
Here are a few screenshots of the initial input screens.
The key is to have all your data handy so that you can input all of it. Solo makes it easy to stop, take a break, and resume inputting your data.
Once you have input all your data, you can download a preview version of your tax return. You can double-check all your entries, see what you owe or what you may be refunded, make further revisions, and then file your taxes.
4. State Option
Solo also gives you the option to select a state and prepare your state’s tax return for filing. You won’t have to pay for the tax feature of Solo until you are ready to file your taxes. This is different from TurboTax, which requires me to buy the software first and then enter my data.
Solo vs. Turbo Tax Price Comparison
The price for both is very comparable. The Solo tax option for subscribers is $59.99.
Compare that to Turbo Tax at $75.99 from Amazon. Solo provides a $15 savings.
Need Help? You Can Contact Column Tax Support
Solo provides a customer support email, so if you have questions, you can ask and get an answer in a reasonable amount of time.
Key Takeaways for Solo + Column Tax Service
Doing taxes is always a bit of a drag. No one likes to do it. But we have got to pay the man.
Solo is a new player in the tax software industry. This year (2023), their service is comparable to software products like Turbo Tax and provides a $15 savings.
Next year (2024), when all the data you are accumulating in Solo can automatically integrate into your tax return, that will be amazing. The synchronicity is profound. Therefore, Solo has quite a bright future.
Frequently Asked Questions
Is the Solo Gig app free to use?
Yes, the app is free to download and use. However, the app does take a commission on each gig, which varies based on the type of gig and the freelancer’s experience level.
How do I get paid through the Solo Gig app?
The app allows users to receive payments directly through the platform. Users can connect their bank account or PayPal account to the app to receive payments.
Can I use the Solo Gig app if I’m not a freelancer?
No, the Solo Gig app is designed specifically for solo professionals and freelancers.
