How Much Money Does an Uber Driver Make in Singapore?

Is it worth to become an Uber Driver in Singapore?
 
Five weeks ago, I signed up as an Uber Driver using a rented car.
 
Why did I sign up? Simple…
 
The ads say you can earn S$5000 per month.
 
News articles say some even earned S$6000 per month.
 
So how much did I earn?
 
I drive in sessions of 3 hours between breaks.
 
In 3 hours, I collected an average total fare of S$70.
 
Let’s do the maths.
 
Driving for 10 hours will yield about S$200 (rounded off worst case situation).
 
Drive for 30 days and you get S$6000!
 
How much is the car rental? Petrol? Carpark? And Uber’s commission of 20%.
 
Rounding off the total cost, it’s about S$2,500 per month. Uber’s 20% commission is S$1200.
 
That means my take-home profit is S$6000 – S$2500 – S$1200 = S$2300.
 
The calculation does not include the variable incentives earned by driving a certain number of trips and making referrals.
 
What are the lessons learned from this experiment?
 
– If an extra S$2300 per month means something, then renting a car and driving for UBER is worth it.
 
– The earnings will be better if you already have your own car.
 
Question: Does driving for an extra S$2300 to S$3800 per month mean something to you?
 
If you decide to make money driving with UBER in Singapore, please use my code: leey2794ue
 
 

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