Harry Campbell, founder of The Rideshare Guy, discusses why rideshare and delivery companies pay large referral bonuses to acquire drivers.
0:00 / 0:11exact quote · 12.0s
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“So companies like Uber, Lyft, DoorDash, Postmates, they all have huge problems with retention, retaining drivers, and just on the supply side in general, since they're growing so quickly and they pay out pretty big, Bonuses.”
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More from Harry Campbell
AssertionPartly supported
Harry Campbell: Rideshare drivers earn roughly 50% less than at launch
“Drivers are making probably 50% less than they were when they first started.”
Harry CampbellFeb 1, 2016▶ 7:34Is This Uber's Next Acquisition?
PredictionOpen · timeframe Feb 2021
Campbell: Uber will never acquire his blog, The Rideshare Guy
“I don't think that they would ever acquire me.”
Harry CampbellFeb 1, 2016▶ 5:49Is This Uber's Next Acquisition?
AssertionPartly supported
Campbell: Uber continually lowered, never raised passenger fares before 2016
“Anyone who's used Uber in the past two to three years, there's never been a price raise. It's always the price is just continually going down.”
Harry CampbellFeb 1, 2016▶ 8:01Is This Uber's Next Acquisition?
AssertionSupported
Campbell: Mid-sized market rideshare drivers gross $15 to $20 hourly
“I'd say you're probably making about 15 to 20 bucks an hour.”
Harry CampbellFeb 1, 2016▶ 9:15Is This Uber's Next Acquisition?
Insight
Campbell: Drivers ignore vehicle depreciation because they already owned cars
“And really one thing that I kind of talk about a lot on my site that parallels a lot about what you talk to your entrepreneurs about is just, you have to think about the income side, but you're running a business. You also have to think about your expense side…”
Harry CampbellFeb 1, 2016▶ 9:28Is This Uber's Next Acquisition?
Disclosure
Campbell: The Rideshare Guy generates $3K-$4K monthly from insurance agents
“We signed up over 15 agents at this point on a monthly, you know, we renew them every two months from anywhere from one to 400 dollars. So that's providing around three or 4000 dollars a month right there.”
Harry CampbellFeb 1, 2016▶ 12:07Is This Uber's Next Acquisition?
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