In his new book, Driving Profits and Making Bank, Jonathan Wong explains to potential rideshare drivers what he calls “America’s easiest and most flexible money-making opportunity.” Based on Wong’s own experiences driving for Uber and Lyft, but also a wealth of research on other rideshare companies and supported businesses, this book is packed with everything you need to know to become a rideshare driver. I honestly couldn’t believe how comprehensive this book was and all the ins and outs of the rideshare business Jonathan reveals, plus the countless tips he offers as an experienced driver that will make your solo entrepreneurial venture even more successful.
Yes, when you are a rideshare driver, you are a solopreneur. You are basically a contract worker operating your own business. That means, as Jonathan points out, you can set your own hours, work as much or as little as you want, and work for more than one ride-share company at a time if you want to.
That being said, you can also get a lot of benefits from hiring rideshare companies. Jonathan tells readers how to take advantage of “buoyant” periods when there can be a lot of activity to get paid more. Ridesharing companies also offer bonuses for referring other drivers. In addition, you have a captive audience to which you can sell your other products or services, such as if you are a massage therapist or want to sell tourist guides or T-shirts from your vehicle. (One rideshare driver made over $250,000 in one year just from selling jewelry while driving.) Jonathan also walks you through the art of soft selling your customers so you don’t bother them and don’t rate you poorly on the rideshare. platforms Finally, there are the benefits of freedom: in addition to working your own hours, you can have lunch when and where you want, you can meet interesting people, and you can even discover new places in the areas where you drive.
Of course, like any job, being a rideshare driver has its downsides. There are hiccups in the system, which Jonathan walks him through, teaching him how to take advantage of working for more than one rideshare company to make up for slow times. He also gives good advice on what to do if he doesn’t show up, difficult passengers such as drunks, drug addicts, or belligerent people, and how to cooperate with law enforcement officers so that they are his friend instead of his enemy.
I was amazed at all there is to know if you want to be a rideshare driver. Some of what Jonathan says may be common sense, but not necessarily something he would think about before signing up as a rideshare driver. Jonathan explains all of the eligibility requirements that he will need to meet and those that his car will need to meet. He also explains how he can earn extra money based on the make and model of his car and how luxurious it is. He also explains what to do if he needs to use the bathroom, the importance of keeping his car clean and his trunk empty, and even when he may need to contact a potential passenger to determine if the requested ride is worth it.
Even more important, since rideshare workers are self-employed, Jonathan walks you through ways to set up your own business to ensure you’re covered by insurance and protected from liability, what you need to know in order to pay your taxes. , tips on creating retirement plans, and all the basics to ensure your long-term financial success.
The back of the book includes appendices that list various applications you can use to enhance your rideshare business and improve your chances for business success. Many other resources are included as well, and there are even referral codes to take advantage of.
Driving Profits and Making Bank is the perfect book for anyone who might be interested in being a rideshare driver. It will tell you everything you need to know before you start and it will be your best friend even after you become a driver because you will want to continue exploring the many possibilities that exist to increase your income while driving. In short, this book is encyclopedic in its resources. Buying it and reading it may turn out to be the best investment you’ve made in yourself since getting your driver’s license.