Simple business tips from an Uber driver to make more money.
Joe drives his Uber in Houston Texas. He was a Math school teacher for many years and retired few years back.
He applies a ton of Math to his driving and businesses can all learn from it.
Prefer watching instead of reading?
Get your metrics right.
As an Uber driver what are your metrics?
Joe likes to keep it simple.
He measures his productivity on a per hour basis. His success metric is earning $25 / hour.
If he is not able to establish that a trip is worth $25/ hour he declines them.
Establish your processes to achieve the metrics.
Now to achieve this metric, he has established some processes and guidelines that he follows.
- As a driver, the more you drive the more money you make. Therefore, the engine should keep running.
- Take short trips even if he gets them for $3 since he does not measure the total value from the trip. He measures the total value per unit time. $5 from a 5 minute trip is better than $25 for a 1 hour airport trip.
- Add to it the bonuses from doing 120 trips per week. That makes the $5 trip a $10 revenue potential.
Identify and remove wastages.
Joe is clear that the more he drives the more money he makes.
Unlike many drivers who wait in queue at the airport for big ticket trips, he avoids airports to avoid any wait time.
It goes back to the $25 / hour metric.
If he has to wait for 15 minutes at the airport, that is a lost opportunity to earn $6.
If he does not get a new ride at the airport, he simply drives off and finds other hot spots.
Keep investing in your business.
His car was absolutely gorgeous with all required features for comfort, safety, and security.
He invests nearly 10% of his earnings back into the car.
His investments in front and rear cameras, tablet for each passenger, storage space for drinks etc. made the drive a pleasure.
Never leave an opportunity to advertise.
This one came from nowhere.
I did not ask Joe for his number, but he did not let go of this opportunity.
Call Joe on his number when you are in Houston Texas to hitch a ride and talk business. The number is in the video.
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