How To 4X Your Ride Selection For MAXIMUM Profits

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In this video, we'll share some tips and tricks on how to 4X your ride selection as a rideshare driver. By following these strategies, you can maximize your profits and earn more money while driving for platforms like Uber and Lyft. We'll cover everything from the best times and locations to drive, to the importance of accepting long-distance trips and taking advantage of surge pricing.

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About The RideShare Guy:

I'm Harry, the founder of The Rideshare Guy. I started driving for Uber and Lyft in 2015 and eventually quit my day job as an aerospace engineer to run The Rideshare Guy full time.

These days, I'm a trusted media expert on all things rideshare and have a number of contributors across the country who are all driving for Uber and Lyft and other gig companies like Instacart, Doordash, and Postmates.

The RideShare Guy has appeared in The New York Times, The Wall Street Journal, CNN, CNBC, NPR, 60 Minutes on CBS TV, The Washington Post, Wired, Forbes, SFGate, and hundreds more.

The RideShare Guy has interviewed top gig economy leaders such as:

Tags

#Uber
#Lyft
#Profit

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[Therideshareguy]

Are you selecting your rides the wrong way? How are you selecting your rides? Let us know 👇
Enter code RSG50 for 50% off the course! (limited time offer)

[stevenhines]

Just use an application like Para that does all of these calculations real time while driving ($/hr, time and distance to pickup, ride length and time, etc.) Automatically declines rides based upon your parameters. Finally discovered this application after 10k rides and 5 years. A life changer.

[GoodGuysMedia]

I think the most valuable take away is you are a more relaxed driver. I can make more per hour but the tricks and stress of keeping up with the everything- trying to squeeze an extra dollar out of every ride can be terribly stressful and often times disappointing in the end

[jeannettemagin]

In San Antonio my acceptance rate would be zero if I tried for 30.00 per hr..

[chipbarnes]

When I do my calculations, I first to do the hourly calculation, and then, if that meets my expectations, I calculate the amount of pay per mile. In many instances a trip that meets the hourly requirements involves far too many miles which drastically increases, the overall cost and makes the trip much less profitable. You must be calculating both time and distance when selecting rides.

[shape]

The flaw in your plan is a failure to consider the destination. Easy to make a highly profitable trip, but when you have to drive most of that distance back without a passenger, then that needs to be considered as well.

[bud-pvjg]

I understand the mechanism and worth the try. However, please note that the time you see on your uber/lyft upfront is not true as it might take you much more than that. The reason I say is I did Doordash and it used google maps in the app. So when it says 20 mins to destination, it doesnt calculate the time to wait at the traffic lights. Somehow the maps think all traffics will be green for me. If you going highway doesnt matter, but if that whole of 20 mins is through the city, add another 10 minutes minimum.

[choongta]

Why all these calculations are left to drivers to make in the nick of time ? Also, Uber should change the 1-tap to accept a request to something else (like a square, a circle, a wiggle, a triple tap or anything but a single tap) to eliminate accidental acceptance.

[bobgusky]

I just finished my day using the calculation described in the video. I made my daily goal amount about an hour faster. I'll do this for at least a week to have a larger sample size to make sure it is really better. Good first impression though.

[TheYabbayoo]

The 20 trips you showed totaled 254.8 miles and produced a revenue of $188.99, including boost, from what I tabulated. That produces an earning rate of less than 75 cents per mile. Several rides earned less than 50 cents per mile, which might be ok if you're running a not for profit business.
It's less profitable to focus so much on time, since it not an operating expense like mileage and maintenance.

[shermanmcgowan]

Definitely have to calculate distance and time to pickup, also realize rush hour extends ride lengths with no rise comp..

So pick rush hour rides carefully

[roxiebenesch]

I really think you're onto something. I've been looking at the rides myself and looking at similar rides and I can't figure out why some pay ridiculous crazy good pay another ride similar doesn't pay as good but it's still worth doing. None of it really makes sense but I almost feel like Uber is doing it on purpose making my pay almost exactly the same as what they want. I also feel like the tips are better on some of those rides that don't quite measure up making it a good ride. I've also been kind of changing up the time I start and finish. And different days. I believe that they're giving better rides at the time that they want me to work so basically they're trying to schedule me when they want me and how much they want to pay me. I just keep racking my brain I just don't understand none of this makes any sense I just need to make a living

[yummybaconandeggs]

If you do a long trip into a dead area besides calculating the pay per hour for the return trip you have to subtract extra to allow for the extra fuel cost coming back empty.

[carlosflores]

Exactly, thats the calculation system I always do, trained my eye to caculate entire time of trip. My expectations are only to take trips that will pay me using a 30 dls standard.

[maryannforeman]

Anyone know why I get so many discharge patient pickups from area hospitals? Thought this ride would pay more. Any rideshare knowledge of uber lyft contracts the patients don’t pay the hospital has a contract why are they 4.00 rides

[daheaven]

It's still hard to quickly take in that data and do the calculation while driving

[chipbarnes]

You 100% should be tracking your mileage per trip because that is the single largest expense we as drivers incur.

[pricepoints]

Using a per hour target as the benchmark metric to evaluate all potential rides is also the way i optimize my time. Training your mindset to quickly get to the potential earnings of a ride made all the difference.

Until you get AFd during a streak.

The other wyld card in using the hrly metric benchmark ride evaluation is time between rides and yes i know to be patient ... But how long do u ignore rides that are crap (some crap stinks more than others) before that 10 mins or more like 5 mins that you waited applied to a ride that is close enough to your target is a better decision. Having targets by day or time makes sense for me. Having a $30-$40 target for Saturday night makes sense, using that benchmark Tuesday in rush hr doesnt and yes sometimes even with a smart approach to evaluating rides (or work days, time frames etc) doesnt mean you wont have to take a crappy ride here or there. Although i do use the per ride/hourly target to make decisions about ride acceptance, ultimately i look at the did i hit the hrly target for the day.

[yotube]

My simple strategy $1=1 Mile. I don't want to wear my car for less than that. At the end of the day if you are getting more miles than dollars, you are following Jay's strategy. Are a "contractor" or a ride share employee ?

[JonDC]

If this doesn't include the time you spend turning down rides that don't meet your criteria then it's not a true per hour calculation.

For example, if you turn down a 15 minute ride that pays $7 because it's less than your $30 per hour rate, but you spend 10 minutes to get a ride that pays $15 for 30 minutes (which meets your goal), you've lost money. You got your $15 for 30 minutes of work, but you actually spent 40 minutes to earn it, which is a lower hourly rate than the ride you thought was less profitable.