3 Easy Ways To Make Money Despite The State Of The Economy
By: Audrey Barton
Tags: Make Money, Money, Economy, Money Mindset

It cannot be stressed enough — Covid-19 has had a greater impact on the economy than anything else! Many private-sector employees have lost their jobs and have had to resort to creating revenue through small businesses or side-hustles.

One side hustle that has helped people to cope is known as ridesharing. Uber is a common example. Ridesharing allows you to operate your car as a taxi by getting access to customers through a platform. Usually, the company that provides you with customers takes a cut of the income you get.

These kinds of jobs aren’t for folks with children and an extended family to feed but in these times, they are better than not having anything at all. Unemployment rates are at an all-time high so many people are just trying to make ends meet however they can.

Photo by Vlad Busuioc on Unsplash

The state of California recently announced the possibility of a piece of legislation being made a law that could affect the way these ridesharing companies operate. This law, known as AB5, would essentially force the companies to make their drivers employees and provide them with all the benefits that employees would have.

While this sounds like a ‘win’ for the average guy working on these platforms, it will be a problem in the future.

These platforms allowed companies to employ thousands of people but if that legislation is made law, they won’t have enough resources to cover benefits for all their employees. That means that many will be fired, and this will make it even harder to earn an income.

However, the following three steps might be the answer to those income woes.

Sign on to a transportation agency

A transportation agency is different from a ridesharing platform. These agencies have better control over their employees and have different labor laws under which they function. These laws make the recently announced legislation inapplicable to their operations. As such, you can provide the same service without worrying about loss of income.

Photo by Michael Longmire on Unsplash

Become an Independent Contractor

If you were once apart of a ridesharing platform, try to build relationships with some of your older clients so that you can have a steady stream of income. However, doing this might be against the policies you agreed to while working with that platform, so you might want to check with your user agreement contract before doing something you might regret!

Use a platform that lets you advertise as an enterprise-level service

Ridesharing platforms may be restricted but that doesn’t stop you from marketing yourself on platforms that look for similar services. This will allow you to gain new customers who you can form relationships without running the risk of violating a contract. If you provide a good service, that can turn into a steady stream of income.

The steps shared above might be harder to follow than the title says but there is one platform that is doing this and more! RideConnect is the platform that will allow you to operate freely despite the looming AB5 legislation. Maybe this is the future of this type of business? Only time will tell.