Financial Report For The Third Week Driving For Uber
So here it is the long overdue third week earnings report. I had a busy few weeks so I’ll try to breeze through the third and the fourth week earnings and expenses. I booked a few photography jobs as well, so I’ve been busy with that too while trying to make some money with Uber. I shot a wedding in the beginning of April so I took some time off to edit and organize my thoughts about marketing for my company and all that. Had a few issues with Uber as well, but I’ll go in debt in the next few posts here. After a bit of haggling with Uber Support I finally managed to get my Ignition award – the £300 quid that are supposed to help with the cost of getting the PCO license and all that.
You probably know I started this weekly earning reports to help future Uber “partners” decide for themselves is it worth driving for Uber and reveal my earnings and cost of expenses in a clear and easy to understand the matter. Of course other people experiences can highly vary, and they can get much better or much worse experiences than mine, but keep in mind I am totally unwilling to drive in central London during the “busy” hours – meaning Friday and Saturday night when all the drunk idiots are out on the streets. I don’t want to risk anyone puking in my car or have any aggressive drunks since I am a bit short tempered when it comes to aggressive drunks so things can escalate quickly. I try to work normal business hours and the occasional Sunday, trying to stay out of central as much as I can. Paddington and Hampstead have been especially good to me, picking up some long runs from there and usually people a more pleasant than the typical city bloke who thinks they rule the world working as a banker or insurance broker.
Third Weekly Report – Earnings And Expense
Venting aside, here is the third weekly report. Money are big on paper, but don’t forget the seven hundred something includes the Ignition reward so it again comes to four hundred something. Not a lot of money to support your car rental and petrol, but I’ll break it down again as I’ve done in the previous post. The car still costs £230 a week to hire and insure and petrol still costs about 50 quid a week in a Prius. Quarter of all the earning goes to the rideshare company as commission so you have to take that into consideration as well.
That adds up to £458.97 for 38 hours and 6 minutes. That is a whopping £12.04 per hour before expenses. Petrol that week was about 50 quid, as well as a tenner for a car wash and two vacuum cleanings because a rider decided it was a fantastic idea to a eat a digestive biscuit in the back seat, crumbling rubbish everywhere. Riders, huh?
|Uber’s Fee||Total Payout||Hours Online||Completed Trips|
You can see that again money are not that great. What keeps me on the platform still is the immense feeling of freedom I get whenever I decide to switch off the app and go home after a long day of driving. I am starting to think that it makes much more sense to wake up early in the morning and go to Heathrow with my laptop in the car. Usually, in the morning, the wait is about an hour and a half to two max, and you usually get a fare going to central London, meaning you are almost guaranteed to start your day with a 30 quid or more job. I usually use the downtime at the parking lot to do some real work like market my wedding business or write here for the sake of writing. It gets me out of the house, and I feel that I get more done that way. It can be irritating sometimes, though, especially with my case of never knowing if I am placed in the queue or not.
So here is the breakdown or earnings and expenses for my third week of ubering around:
Income Total – £458.97
Expenses: – £288.50
Car – £230.00
Wash and Hoover – £10.00
Petrol – £48.50
Total Earnings – £170.47 for 38 hours and 6 minutes.
Yes, that is again close to 4 quid an hour. £4.474 to be precise. Far from the UK minimum wage but you get a car and freedom in return. Not really freedom though – you have no say in anything Uber does. They never answer your questions, even straight answers get blatant, scripted responses from their over the top lazy driver “support” team. I even witnessed an Uber support lady in the Aldgate office telling a future driver – “Well, you don’t look too old, you should be good with technology, why are you asking such a stupid question”…Really?
I will continue driving for now but I am definitely looking into purchasing a vehicle since it feels much more sense in economical way. You pay less per month, but you do get a car to pay off each month, so it is a bit of commitment, especially if you decide to stop driving for Uber all of a sudden. On the other hand I feel I am treated highly unfair with quarter of my earnings going to Uber while I incur 100% of the cost of running a car. A lot of drivers who joined before me got their 20%, which it feels a bit more manageable. 5% on top of already diluted market is not something you can ignore.