Episode 79: Can you really make $100,000 a year with Uber Eats?

Deliver on Your Business

The story came out about Sam Lyon, who decided to put in 12 hours a day, 7 days a week, delviering Uber Eats for the month of June. In the end, he made $8,357, which is a $100,000 per year pace.
Before we go further into that, a few notes:
First, the associated blog post for today's episode is here.
In the introduction to today's episode, we talk about a few things:
You can get a list of articles related to the Covid-19 pandemic here. This lists articles about driving safely as well as about the aid opportunities available to the independent contractor business owner.
We also talked briefly about the recent agreement for Uber Eats to take over Postmates. We had a couple of articles about this

• Thoughts on what a potential take over would mean to independent contractors.
• Reactions to the news from a driver's perspective

Okay, on to Sam's story and what it says about the ability to make six figures as a delivery driver.

Is this achievable? Is it sustainable?
We talk about his.
You can see the CNBC video about Sam's accomplishment here.
Quick note - if you read the blog post, there are slightly different numbers than what we break down in the podcast episode, when we get into what the effective hourly earnings are. When figuring numbers during the recording, I misfigured the tax differences between being an independent contractor and an employee. In the end though, the difference in figures is not very substantial.
We talk about what your car actually costs to operate. You can learn more about figuring out actual costs in Episode 18 of the podcast.
The bottom line is, Same worked a LOT in June and made a LOT of money. The important thing here isn't how much he made an hour or any of that - it was that he was able to CHOOSE to put those hours in. Whether we would choose to work that much is irrelevant. Sam did it.
And that's the beauty of being an independent contractor. We get to make those choices.
More about the EntreCourier

You can get more tips and ideas at our website, Entrecourier.com
Our Podcast page is at DeliverOnYourBusiness.com
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