A few hours to spare, a newer car or an extra room in your home, you, too, might want to be a Uber driver or Airbnb host.
Travis Kalanick, CEO, of a business that started in 2012, denies his company is a glorified cab company. He wants to ignore the red tape of rules, regulations and taxes burdening existing cab and limo companies.
His company uses cars of personal drivers who want to drive a few hours in a day. People like this because fares are cheaper.
Anyone who qualified after a background check, a clean driver’s record, a newer car and who is savvy about the local area can be a driver for as many hours a week as they wish.
Last year when Uber did a survey of these drivers they learned the following:
. That the drivers like the flexibility.
. 80% are employed but only 55% have full-time work.
. A quarter worked part-time and 8% were not working.
. The others who weren’t counted were renters, students,
. l0% have post graduate degrees.
. 36.0% have college degrees.
. 40% some college.
. 9.2% high school.
. 3% less than high school.
Most are between 30 to 50 years old, where typical taxi and limo drivers are baby boomers or older.
Uber drivers like that they can drive on a – just-in-time basis. Most employed won’t know their schedules week-to-week. Most are early-married or married with small children. 71% of drivers support dependents and 46% have kids at home.
“While there will always be ambitious people who choose to work more, it seems most likely that many Uber drivers wouldn’t be on the road if their primary source of employment paid enough to meet their needs.
“There are hundreds of thousands, if not millions, of people desperate to grow their income, but can’t seem to get ahead the way their parents and grandparents did,” says Harry Dent.
Uber has competitors now – Lyft and Cabulous who may force Uber to drive down its fees. A court in California recently ruled that a Uber driver was an employer. The case is on appeal.
And, then, in our U.S. sharing economy there is Airbnb for those who rent out their homes.
It’s getting tougher for cities or states economies because they miss potential revenue. Uber reportedly has 160,000 driver-partners who gave at least four trips in 2014.
Says Harry Dent, “We’re going from a time where everyone has to own one of each to a point where lots of things can be traded for a fee-for-service and the result will be less waste.”
The Western Grange clubs used to do this with farmers sharing tractors and other equipment.
Tony Robbins, in his new book, Master Money, gives the best
insight here: “Invest in yourself. Learn and improve. Fill a need that everyone wants but no one is doing.”
I mentioned such a need to my dental hygienist who had to have another person there to take down the numbers. “Wouldn’t it be great some day IF you could have a little device on your wrist and just speak the numbers into it.” Great idea she said.
Look for a need and then make it happen and you’ll be doing better than your Grandpa!