So, you know those people claiming that they’re making six figures as Uber drivers? Yeah, I don’t have to tell you that they’re full of shit. Uber claims that you can make up to $90,000 a year as an Uber driver in New York City and upwards of $70,000 a year in San Francisco. Here’s what they’re not telling you: If you want to make that kind of bank, you’re gonna have to put in some serious man hours. 3,000 hours a year, more specifically. That means a 58-hour work week. No thank you.
If you’re being realistic, the best option is to be a part-time UberX driver to supplement your income by driving on the weekends. You could earn an extra $20,000 a year by working 16 hours on the weekend. With Uber’s dynamic pricing model, you could start racking up some serious extra dough by sacrificing one of your weekends out to play chauffeur to drunk people.
In summary, being an Uber driver is better if you’re just looking for some supplemental income, not a full-time gig. You’re better off driving during peak hours on the weekend and capitalizing on increased fares and higher volume.
[via Business Insider]