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.
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.
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.