How much do uber drivers make? According to market watch:
Uber drivers typically collect $24.77 per hour in passenger fares.
• From that, Uber takes $8.33 in commissions and fees, about a third of all passenger fares.
• Vehicle expenses like gas and maintenance cost drivers about $4.87 per hour, Mishel determined, even after taking into account their tax deductibility.
• That leaves drivers with $11.77 per hour, from which they pay $0.90 in extra Social Security and Medicare taxes, because they are self-employed.
• If drivers don’t pay for health insurance or contribute to a retirement plan, they can take home $10.87 per hour.
• If they do want to purchase some basic benefits, their take-home pay would come out to about $9.21 per hour.
Uber provides drivers with a commercial insurance policy with $1 million of coverage per incident, but drivers are responsible for their own expenses, including cleaning their vehicle and filing their own taxes.
Approximately 833,000 people drive for Uber in a year, accounting for 0.56% of all employment. But Uber drivers have high turnover, working an average of three months and average only 17 hours per week, the report said. Adjusting for the part-year and part-time character of the work, Uber has approximately 90,521 full-time, full-year workers, or just 0.07% of overall national full-time, full-year equivalent employment.
Is Uber Really Worth It?
A better question than how much do uber drivers make would be, is Uber driving worth the hassle?
Truth be told its a great way to earn a side income. However its not the only way. Matter of fact its not even close to being the best way. Everyday people can make money online every day working from home. You have the benefits of working at your own time without driving long hours every day just to make a living. There are other alternatives and i go over 5 different ways to make a profitable income in my detailed ebook
Uber Vs Affiliate marketing
Affiliate marketing is a business model I recommend for anyone looking to supplement their current income. You are able to promote other people’s products and get paid without the hassle of deliveries, customer service, storage etc. While you’re your own boss as an Uber/Lyft driver, you still trade time for money. The long hours on the road, sitting in traffic, strangers in your car, etc.
With Online Affiliate marketing you work from wherever you want and you truly own your time and schedule
With Uber, you need to drive for hours to reach more passengers. With Affiliate marketing, it takes the same amount of time to reach 5 people as it takes to reach a million people. Meaning the potential for scaling is unlimited.
Have ever considered working from home or just looking for a side hustle that doesn’t eat up your time? If so, then i invite you to attend a free training where we break down the process of how money is made with affiliate marketing. How much can you make? My mentor John was able to generate 1.5M in 5 months using Affiliate marketing and he will be sharing all his strategies on this free training.
If you register and attend the training i will give you my E-book on 5-Proven profitable ways to start an online business at absolutely no cost to you.