Growth Trends for Related Jobs
If you like to drive, like people, you can sit for hours in a car and have a clean driving record, you might be able to become a taxi or cab driver. The easiest way to become a taxi cab driver is to apply for a job with a company or service. Yet, you won't make as much as you would if you decide to become a self-employed cab driver.
See if there is a regulation on age for drivers in the market you plan to serve. Some cities will only accept established drivers age 25. You should also be aware of the fact that some cities will also not allow people who owe back child support to become taxi or cab drivers.
Once you have the qualifications, begin looking for a car. The best and easiest way to do this is by leasing the cab. You can lease cabs from cab services. Most of these leases will also include all the insurances that you will need. You will probably pay a company on average about $400 a week for the use of their car.
Be ready for some long hours. If you are paying $400 a week just for your lease, insurance and gas, you better plan on a lot of hours behind that wheel. Most independent taxi owners and drivers work on average 12 hours a day.
Spread the word. You need people to know that you are open for business. This means handing out and putting up fliers, handing out business cards and telling everyone you know that you are open for business. The more business you have, the more money you will make.
Dress nicely. You will be working with the public. Your appearance will matter. Go to work each day clean and well groomed. Take pride in how you look. This will help your business' image.
Make sure you have the items you need with you: a flashlight for emergencies, cell phone, maps of the area, a warm blanket in case of a breakdown, flares and a first aid kit.
Keep daily records of your runs and your expenses. You will need these for your taxes.
2016 Salary Information for Taxi Drivers and Chauffeurs
Taxi drivers and chauffeurs earned a median annual salary of $24,300 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, taxi drivers and chauffeurs earned a 25th percentile salary of $20,490, meaning 75 percent earned more than this amount. The 75th percentile salary is $30,440, meaning 25 percent earn more. In 2016, 305,100 people were employed in the U.S. as taxi drivers and chauffeurs.
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