San Francisco drivers – have you ever thought about being a taxi driver, but aren’t really sure it’s right for you? Maybe you thought you’d have less flexibility to choose your own rides, or earnings wouldn’t be as good as Uber or Lyft’s. Think again! In this interview, senior RSG contributor Chonce Maddox-Rhea interviews a Yellow Cab of San Francisco driver about driving for Yellow Cab, his weekly earnings, and more.

    Have you ever wondered what it would be like to lease a taxi from Yellow Cab? While rideshare apps such as Uber and Lyft have gained so much popularity, I was pleased to learn that cab drivers are still super busy and able to earn a decent profit in many cities. 

    Drivers and passengers need options, and there is plenty of room on the road for everyone. I recently interviewed a Yellow Cab driver named Joseph Mullins about his experience as a taxi driver these past three years.

    Keep reading to learn more about what driving a taxi is really like and debunk some common myths about the job.

    This article was sponsored by Yellow Cab but opinions are, as always, our own. 

    Yellow Cab Company Overview

    Maybe you’ve heard of Yellow Cab before, or you’ve seen the signature yellow cars sitting outside of the airport or a train station. Did you know that Yellow is actually not a nationwide company, despite what many think? The Yellow Cabs in different cities are actually independently owned and have no affiliation with each other. Yes, Yellow Cab of San Francisco is independently run!

    Take a listen to how Yellow Cab of San Francisco works here: Driving A Yellow Cab

    Originally founded in Chicago, IL, more than 100 years ago, many states and cities have launched their own Yellow Cab operations to service passengers all over. Joseph Mullins has been working in the taxi industry since 2010, but he’s been leasing from Yellow Cab specifically for the past 3 years. 

    I talked to Joseph about how he got started with Yellow Cab of San Francisco, how much he earns, and strategies he has for other Yellow Cab and rideshare drivers. 

    Interested in driving with Yellow Cab of San Francisco? Get started here!

    How did you hear about Yellow Cab and what steps did you take to get started?

    A friend told me he was making decent money as a taxicab driver, and I thought I’d give it a try since I know my way around the city pretty well. I went down to the San Francisco Municipal Transportation Agency in my area to apply. 

    They require you to pass a background check and provide some basic training videos about driving a cab and how the process worked. I originally started driving with Desoto Cab company, which is now Flywheel. Then, three years ago, I switched to Yellow Cab.

    Do you have to provide your own vehicle?

    No, I actually lease my vehicle from Yellow Cab for $750 per week. I split the car with a friend of mine who drives nights while I drive this day shift. Thanks to this arrangement, we both only pay $375 to lease the cab.

    How do you get or accept rides?

    Yellow Cab uses a dispatch system to match drivers with rides. Each time a person calls or requests a ride online, their request gets dispatched to a driver who works in the district where their pick-up location is. 

    I have an Android tablet inside the taxi so I can see ride requests and bid on them from there. Bidding on a ride is another way to say you’re accepting it or you’re willing to take it. 

    Once I’ve accepted a ride, my tablet shows me all the directions and details.

    Learn why leasing a taxi from Yellow Cab of San Francisco is better than just driving for Uber: 8 Reasons Why San Francisco Taxi Driving Beats Driving for Uber

    What’s your typical work schedule like and is there downtime?

    I typically work Monday through Friday from 7 am to 7 pm. Sometimes I get off earlier, around 5 or 6 pm. I also occasionally work Sundays if I feel like it. Otherwise, I just stick to Monday – Friday.

    In my city, it’s always busy, and I feel like there aren’t enough taxi drivers to keep up with demand. The work is pretty consistent though. 

    How much do you make and how do you get paid?

    I usually make around $300 to $500 per day. The meter starts at $4.10 when someone first enters the car. Then it increases by $0.65 for every 1/5 of a mile. About 65% of my daily rides are San Francisco Paratransit rides.

    How much can taxi drivers really earn in SF? Take a look at this video and interview here: How Much MONEY Can Taxi Drivers Earn In SF?!

    Paratransit is a government-subsidized taxi program for people who are unable to independently use or access public transportation due to a disability or health condition. These passengers pay a lower fee to ride while the city pays for the remainder of their fare. 

    I receive the payments for paratransit rides via direct deposit every Tuesday. Passengers can also pay for their ride via credit card since I have a terminal in my car and use Square for this. I receive credit card payments every 2 days, and I get cash payments instantly, of course. 

    People are welcome to tip if they want to, but I don’t expect it or pressure people to. 

    Common Myth: Taxi rides are more expensive, so fewer people leave tips.

    Joseph says that he still gets tips because he focuses on being friendly and providing professional service. Right before my interview with him, he was taking a passenger to the airport, which was a $62 fare. The passenger enjoyed the pleasant ride and left him a $20 cash tip! 

    How do you handle vehicle maintenance? 

    Since I lease a car from Yellow Cab, they cover all the maintenance and any repairs. I just take the car to one of their garages for servicing. 

    Are you a W-2 employee or are you responsible for your own taxes?

    I’m an independent contractor, so I fill out a 1099 form at the end of the year and submit a profit-loss form. I like to deduct expenses like my phone bill, bridge tolls, gas, and even my tax preparer’s fee. 

    There are no benefits or retirement savings options, but I actually like being a 1099 worker right now since I can have a flexible schedule and earn more money.

    Interested in driving with Yellow Cab of San Francisco? Get started here!

    Tips For Taxi Drivers

    Joseph has a few tips for taxi drivers looking to be successful and maximize their earnings. 

    1. Accept Every Bid

    Joseph says that he stays busy and accepts every bid that comes through on his tablet. Since Yellow Cab provides all the direction information, he doesn’t worry about knowing how to get there or being unfamiliar with the area. 

    He also sets income goals for the day or week and strives to earn $500 during his 12-hour shift from 7 am to 7 pm. Having a daily schedule and some structure in his routine helps his income stay more consistent.

    2. Drive Safely For Yourself and Your Passengers

    Joseph also mentioned how important it is to drive safely and obey the rules of the road. 

    “Running red lights to get to your destination faster or rushing, in general, isn’t worth it,” he added. “This only increases your chances of getting a ticket or, worse, getting into an accident, which will cost you even more.”

    Safe driving will also help your passengers feel more comfortable and perhaps be more inclined to leave a tip.

    3. Stay Organized

    A taxi driver’s days are busy. It’s important to stay organized so you can track all your payments coming in from different sources, along with your deductible expenses. 

    Doing this will make tax time a lot easier. 

    Driver Requirements

    Interested in leasing a taxi from Yellow Cab? You’ll need to have a valid driver’s license and no more than three moving violations on your record. 

    You should also have no more than one at-fault accident on your record in the past three years and no felony convictions within the past ten years. If you meet these requirements, you can apply online or head to your nearest transportation or Yellow Cab office to get started. 

    What do you think about being a taxi driver? Is it something you would be interested in, in addition to driving for rideshare, if it was all on one seamless app?

    -Chonce @ RSG

    Chonce Maddox Rhea

    Chonce Maddox Rhea

    Choncé is a freelance writer who’s obsessed with living well on a budget and loves encouraging people to make extra money so they can meet their financial goals. She is happily married to one of the best Uber drivers in the Chicago metro area, who currently has 2,800+ trips under his belt.