@Julian (and anyone else interested),
Here is my spreadsheet that tracked my time/runs and profits/costs. let me know if that link works, and if it makes sense.
Operating costs came from my fuel/mileage/expenses logs for the truck, and I consider them more accurate than most. I also purposely did NOT consider insurance and payment as part of the operating costs. I would have those costs if I was Ubering or not. Those I considered ownership costs. Operating costs were more closely broken down by miles. I have both a with and without depreciation operating cost in there.
I also tracked actual versus estimated costs. Estimated relied on the $/mi number to calculate operating costs. Actual was costs that I actually incurred. Not sure it really matters, but I tracked that as well.
*edit here*
I should note. Cash tips are NOT shown here. Some nights cash would be king and I would have $100 in my pocket when I got home. Other nights it was all through the app. Even then it was REALLY REALLY rare to get a crappy or no tip rider. I honestly think driving UberX with a GMC Denali class pickup, as well as a professional appearance and demeanor contributed heavily to that. I had CONSTANT compliments on the truck, as well my service. Just goes to show that people WILL pay for good service.
*end edit*
You can see I only did it for a total of 19 night over about 3 months time. I was literally keeping the checkbook from bouncing, and only driving when I had to. Total profit was on the order of $150/wk or so, and it is by and large NOT worth the money. For me. It was "instant" cash that I could immediately deposit into my account at the end of the night, and keep the balance in the account above zero, and often buy another gallon of milk, or stack of diapers. You are very much using your vehicles depreciation as a payday loan for cash. It's NOT a living wage.
For anyone curious WHY I was doing that, and the exact situation. The basis is this; I was relieved of duties at a small startup company I was at the same day I brought home my second son from the hospital. That was April of '18. I knew it was coming and already had other irons in the fire, and was in a new position within 2 weeks. At the same time, the wife and I were in a REALLY REALLY rough patch, and I had taken over the finances for the first time in over a decade. The new job was great (I'm still there), but I took a pay cut from $125k/yr to just over $60k/yr, and was heavily "sold" on a large bonus structure in place. The bonus did NOT pay out (still hasn't) as I was led to believe. So, the finances were in turmoil, income was cut by ~40% (wife was still gainfully employed), and I then made another miscalculation. In the giant spreadsheet, I had my supposed giant bonus counted twice in income. This lead me to falsely believe we could replace her dying Chevy Traverse with a brand new Nissan Rogue. We could not, but I didn't find that accounting error for ~6mo when I was trying to figure out why ends didn't meet like I thought they should be. Once I found the error, got a good grip on what was happening, I was able to ration the bonus as best I could, and Uber helped patch me through until the next bonus came along. I could work busy times, quit when I need to (you'll see one night where I ended early, only took a few runs and bailed. Oldest crashed his bike and I met mom at the ER), and get the cash out immediately. There are a LOT of advantages to working like that over somewhere like UPS, or Amazon Warehouse that have very rigid schedules, tons of HR overhead, and scheduled pay periods. If I saw cash was short this week I could go drive for a few hours, make a few bucks, and live to fight another day.
SO.......Moral of the story.......Uber is a fine hobby that will pay for itself. I would highly suggest a dash cam for legality reasons, and I would be diligent on cleaning both the car and yourself. I was driving pre-pandemic, and arguably pre-election divided America. Even then, there were some sketchy situations. Over 19night driving I never really felt unsafe, or in real danger though. Most people (even the REALLY sketchy ones) just want to get somewhere. You got to be a people person though, and be prepared to deescalate or divert if needed. I think something like
@sunbyrned has going would be great. Get to drive and be a "host" but not put yourself quite so far out on a limb.
If you get into driving and want some strategies for running both apps. Places to avoid, and places to frequent, as well as some general tips for handling people.....let me know. I learned a TON from those 19 nights, and I'll be glad to share.