If you don’t want to read it, you can watch this video.
I am going to put out a $10,000 bet. If you can prove with evidence that I drive for Uber or have driven for Uber in 2015 or 2016, you get $10,000.
I wrote a book about driving for Uber. The links are below.
I drove for Uber in 2014 for six weeks to do research for my book. What I found out in 2014 was that Uber is a great hustle. If you have a valid driver’s license and can pass a background check, Uber is not a bad thing.
Let’ get into all this stuff people talk about with Uber. Some people say, Uber’s a scam. They talk about all the wear and tear on their car.
If you are Broke Dick Danny and you have no money and all of your bills are piling up, who are you to be choosy?
This is the thing that gets me. There are so many people that want to be a millionaire until it comes time to do the work of a millionaire. The first thing you’ve got to do is crawl, before you can walk. Then, you have to walk before you run. Then you need to run in practice before you start sprinting.
Some people want to go from Broke Dick Danny status to millionaire status in 30 days. If you win the lottery. Ok. But your chances are pretty slim.
I was Broke Dick Danny and I reached a point of practicality. I reached a point where I had to be very realistic. I had no money. Nobody was knocking down my door to give me money. And I needed to make some money. So, I went to do this thing called Labor Pool. Labor Pool is one of these places where you can show up early in the morning and you sit and wait in line for the jobs to come in. Then you can go and make between $30 and $80 for a day. You get paid at the end of the day in cash if you make it back before they close so you can cash your check.
I did that because I realized I was Broke Dick Danny. There are many of you out there who are Broke Dick Danny or Penniless Priscilla and you think you have options, and you have no damn money in your pocket. You don’t have enough skills to command options. Be real.
If you want an online empire, in time you can have that. But. It’s going to take time. It’s going to take hard work.
So, Uber or Lyft may be one of those things to carry you over while you build, because that was 1997 when I was doing that. I was doing that in 1998 and I was doing a higher level of temporary job at the staffing agency. That’s how I got to work at T-Mobile. I did what I had to do until I could do better.
Be real. If you aren’t living a millionaire lifestyle, it may be because you don’t have millionaire skills yet.
Question: Can you explain how I should incorporate for it?
Answer: If you’re going to incorporate Uber and put yourself down as an independent contractor and have an LLC you need to have the LLC and your EIN number before you apply. Maybe Uber will allow it. I wouldn’t necessarily recommend that, unless you’re going to be hiring people and get five, six, or 7 cars, or something that.
I would say to use Uber to carry you over, to pay bills while you build. That’s how I see Uber. Uber and Lyft are hustles.
Some people like Uber and Lyft and they turn it into their full-time thing.
Now, let’s say you are paying your bills and you are no longer broke. You need a money management tool. When you have a bad day, you need to know it instantly. Once you get all of your core bills straight, then I would say while you’re building, get rid of any expenses that are bullshit.
If you’re trying to become a millionaire, fuck cable right now. Fuck cable. You have to make your expenses so small that maybe one or two weeks of Uber covers everything.
You’ve got to have a little money to start this. You also have to have an hour or two a day dedicated to your business.
Typically, when you are building that online business, it takes about 10K to get going. Even when it is fast, it takes about a year to build an online business.
There are some hustles that can turn into businesses, but many hustles will never be businesses.
Unless you’re in a city like San Francisco, New York, or Washington DC with super high volume, you won’t make a lot of money driving for Uber or Lyft.
In vibrant cities, you can drive 24 hours a day. There’s always demand.
When I drove for Uber in 2014, I lived in a wealthy neighborhood. When I started, I woke up at 4am in the morning and I would get three to four airport runs which is $135 to $200 per day before 6ish. Once I figured out the hotspots and about surges, I could average $100 to $200 per day and then do the power thing on the weekends. Back then, driving when you want didn’t work for me.
I tested this. I sat in my car from 10am to 6pm and did maybe $100. Whereas, if I got up at 4am, I could do $180 to $200 before 10am. I tested this a few times.
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Question: What were the hotspots you drove in 2014?
Answer: I lived in Sandy Springs. There was this spot at Powers Ferry where the BP station was in that neighborhood. There were a lot of million dollar homes. Who is going to the airport at 4am? The answer is a business person or a salesperson, or someone who has got to go to a business meeting. These are not regular jobs, right?
Another hotspot was on Northside Drive near the Flying Biscuit.
On my best weekend, I did $800. It was during football season.
Uber is not a business model. Driving for Uber doesn’t make you a business person. It’s a job with flexible hours.
Don’t try to make it more than it is. Do it for a bit. Or do it part-time. Have your eye on something else.
When you start your own company, you have more options.
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