- UBER20.Jan 2017
Overall Compensation for your work
Okay, here's the deal. You **cannot** make money if this is what you're doing for primary income. This is only going to benefit you if you **ALREADY** have all of your bills paid through another income stream (FTE, retirement/pension, etc.). You need to understand that, in *this* (Colorado) market, there is not yet enough demand to make this work as your sole source of income. Uber will take 40% straight off the top (minimum fare: $6.95, less uber fee $1.95, then another uber fee $1.25, leaving you with a whopping $3.75 ---- despite what they will tell you in "information" meetings, it's really 40%; also, the riders have no idea that you only see $3.75 out of their $6.97 "call it $7" fare), and out of that you'll be expected to pay 1099 taxes, title/license, insurance (car/health), utilities, phone, etc. The surge fares are not frequent enough for true benefit, and if you're trying to do this as primary income then you'll find yourself spending 70++ hrs/week, including all night on weekends.
Again, if you have your bills already paid, this is fantastic for extra earnings. But *only* if your bills are already paid.
Suggestions for improvement
- stop acting like shaisters/con-artists, and you'll see the number of lawsuits against the company decrease.