I’ve told a lot of people in rideshare that you want to prepare for the worst case. You want to have diversification. Whether you’re driving for Uber or you’re driving for Lyft, you throw a delivery service in there so that if something happens on Uber, you can drive for Lyft. Or if something happens with your car, you can use someone else’s car and do delivery.
In this interview clip, I spoke with Calvin from The Simple Driver all about the importance of having a Plan B. Right now it’s more important than ever to have other work possibilities. Take a look at the video and transcript below to see what Calvin and I had to say.
Calvin: I’ve always on my channel coached and delivered content to people to tell you to have multiple streams of income. Now the people that listened to me and actually started their website and actually started creating income on the side are not in a bad situation. Well, some of them are, but they’re not in as as bad of a situation as people. Everything right now is being done digitally for the most part, which is why I recommend building websites.
If you’re not able to take advantage of one of those elements of creating digital content and creating some type of way to earn money, you’re suffering. Like my lifestyle didn’t change. Thank God it didn’t. It’s a blessing. But you know, for those that are in this situation, I create my money from here at this, at this desk. I want this for many, many people. And to be honest with you, there’s a video on my channel where I show you how the money that I earned is over 10 grand a month.
The Idea: Spread Your Income Across Multiple Streams
But the part that’s important about that video is not the money. It’s what I’m showing you is how I earned the money. It’s because it’s spread out across multiple streams of income. And just the fact that I’m showing you how to create a website. It is about being able to take your own intellectual property and actually use that to actually build yourself a brand and a business.
Our Top Tips for Drivers:
Even if you don’t build yourself a brand and a business, the fact that you know how to actually build a website, everybody wants websites and everybody is on the web right now. You can easily be charging people $400 or $500 to build them a website. That’s, I literally get emails every day of people saying thank you for showing me how to create a website cause I’m now earning an extra $2,000, $3,000 a month building websites.
Here’s what’s important right now here. I was watching TV today and they said that we’re probably not going back to life how it was prior to this. We’re looking at doing social distancing for like going into like 2022.
What are drivers going to do? Because you know why they have a business model that requires people to have social interaction and be in close quarters. They don’t even know what it looks like for the next couple of months. So it’s important now that you start doing something that will take you away from having to depend on the Uber platform because we have no idea where rideshare is going right now.
Don’t Put All Your Eggs in One Basket
Harry: A user commented “Don’t put all your eggs in one basket.” I think we have a lot of people agreeing and on the same page. I think you brought up a good point though: We don’t know how long this is going to last. Some people are saying it’s going to last a very, very long time, you know, until 2022.
Calvin: Thomas says like “BS, like that will never happen.” So when I say 2022 I don’t mean the economy being continued to be shut down the way it is now, we will start coming back online. But what I mean by it’s going to be forever change this, it’s going to come online and there will be protocols in place and you are not going to be able to go to the cheesecake factory and have the tables be right next to each other. So they may start opening the County back up, but it won’t be the same as what we knew it.
Everything is changing the way it’s done. We have to start looking at how is school now going to operate with such close quarters and something that needs to be social when you’re talking about classrooms with kids inside of that classrooms and stuff like that, that I have no idea where this is going. We also need to start thinking about that as self-employed business owners. What do we need to start doing right now? What do we need to put in place right now in case rideshare disappears.
Harry: We’re getting a lot of comments right now, right along these lines. So I’m going to share a couple of them. Someone says rideshare is not over. They are temporarily out of it, but we will be back!
Brandon says, in my opinion, rideshare will be back big. It’s the greatest car or transportation concept ever created. I’m an optimist.
Calvin: Why would I not want to come back?
Do You Think Rideshare Will Come Roaring Back?
Harry: I’m going to put this question to the audience right now. I think a lot of people are optimistic that things are gonna come back. But what I want to know is what are you guys doing? What do you think is going to happen in the interim?
Do you think that within six months there’s going to be the same demand as before? Do you think it’s going to take one to three years? Because all of these things really affect you guys as drivers, right? And I think that’s sort of what you’re speaking to, Calvin. If it takes two years to get back to the same levels of demand and think about all the millions of unemployed people out there, there are going to be flooding to go drive with Uber and Lyft and sign up for food delivery services.
You know, I think that you guys have to understand, even if these services start coming back, it may not be the same as what it was right before.
Ready to Maximize Your Ridesharing Profits?
Maximum Ridesharing Profits is The Rideshare Guy's online video course. Enroll to learn how rideshare veterans earn more, spend less, and treat rideshare driving like a real business.