Hi Uber Geekers! I'm going to change up the "posts about driving" format a bit - rather than listing out trips, I'm just going to do shorter posts with summaries of the day/night's driving, and maybe one or two (or three or four) interesting stories, if any happened. I hope this will let me post a little more consistently while still driving.
There's a few longer format posts still in my buffer, which you'll see over the coming days/weeks, but I'll be publishing these shorter posts the day of or soon after I drive - more real-time enjoyment for you!
Tonight I went out around 7pm for a quick fix before it is Game of Thrones time at 9pm. It was a quiet night, only 4 trips, 2 on a combined pool, $14.50 earnings. No exciting rides, just some circling around in Harvard Square for my pool pick-ups - second pick-up was like 300ft behind the first one, but the wrong way on a one-way, so we had to go way around, yay.
Time for winter and dragons, have a great night all!
Edit 2016-06-30: While answering a comment below I noticed that the earnings amount in this post was wrong; according to the Uber partner site (and what they actually paid me for the week) I actually made $19.98 on those 4 trips. Sometimes the app doesn't report things very well right away, I'll have to be more careful about that!
Site Reliability Engineer decides to take to the roads of Boston as a Transportation Network Company (TNC, aka Uber/Lyft type ridesharing) driver. Why? Because he can. Learn how that works out.
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Out of curiosity, do the earnings from Uber cover your operating costs? $14.50 seems ... low.
ReplyDeleteGood question. First of all, it appears I got the amount wrong, looking back my earnings on the 26th were actually $19.98. Still not very high, though.
DeleteUsing the IRS business mileage deduction rate ($0.54/mile in 2016) as an extremely rough estimation of cost per mile, my total on-fare distance of 9.18 miles cost me $4.96. But there was more mileage driving around waiting for fares and getting home; I don't have good numbers on that, because I haven't yet thought of a good way to track it without writing things down in spreadsheets, and that sounds way too much like work.
That method also doesn't take into account costs of insurance, registration, and actually acquiring the car. I consider all of those to be sunk costs that I don't need to earn back for this hobby, though, because I had the car anyway.
It also doesn't account for paying self-employment taxes on "all" of this Uber income. I haven't worked all of that out in my head yet either, beyond some basic thinking, but I do expect it to be relatively insignificant, since I'm not going to be making a ton of money, and can probably do some good deducting from it. Time will tell - sounds like a good blog post for next year! :)