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SPYKES
04 Jan 10 13:35
Joined:
Date Joined: 12 Oct 03
| Topic/replies: 786 | Blogger: SPYKES's blog
What do we think I can expect to earn? if I left my rubbish under paid job. Based inbetween Blackpool and Preston.

Wanting to set up airport transfer company and work for local company for few yrs or however long it takes me to support myself from my own business.

Anyone done or doing this.What are the pitfalls etc???

P.s I earn approx £400 a week for 50 hrs

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Replies: 69
By:
madsimon
When: 04 Jan 10 13:37
go for it-even if you have a chit year you can claim working tax credit to supplement income. in your first year if you buy a car for taxing you can claim against tax for it (100%) and then declare net income as your earning for workign tax credit
By:
Seasider.
When: 04 Jan 10 13:37
Kirkham ?

Can't believe you could earn that much tbh, one way to Manc. airport is about £50 minus fuel, minus what a firm takes off you leaves what ? and you'll only get one a day average surely.
By:
madsimon
When: 04 Jan 10 13:47
working tax credits is very generous to the self employed
By:
the.mad.dog.man
When: 04 Jan 10 13:55
black cab driver in london can earn 2k a week easy
By:
Big Charlie
When: 04 Jan 10 13:56
Anyone done or doing this.What are the pitfalls etc???

I did it in the mid 70s for about 6 months, it paid well back then. That was in Chatham in Kent, a very hilly town. I made more running people up hill to housing estates for minimum fares than I could doing long runs to London.

Pitfalls are drunks and fare dodgers.

Our drivers used to charge a fiver if somebody puked in it, which was for time lost cleaning it out. Must be worth at least £50 these days.
By:
Wedged
When: 04 Jan 10 14:03
London black cab drivers take home 70k a year I heard, which is probably less than the previous 2k per week estimate, but still superb.
By:
SPYKES
When: 04 Jan 10 14:06
No Seasider, live out in sticks nr Knott End not much going on here. certainly no jobs.
Work in car sales, sick of workin
By:
gunghadhin
When: 04 Jan 10 14:07
Apart from big cities, the taxi trade is dying a death. There are far more taxis on the road and less business than there was even 2 years ago. Many drivers are struggling to make a reasonable (£15k) profit. Insurance is sky high, office costs are about £75 pw and then you have diesel, repairs and twice a year MOTs by the local council, which cost a small fortune each time. Your charges are usually regulated by the local council, who have no idea of the true cost of a taxi fare. You'll also need to employ an accountant to do your tax returns every year, which can easily cost £750+.

If you are prepared to suffer drunks, possible 'runners' and the constant fear of attack, then go for it.......... Think carefully before you jump from your 'safe' job...... Taxi driving looks like a good alternative, but it's a very cut-throat business. Forget the tax credits - they don't help you out that much. And remember, if you're ill, or your car's off the road for any reason, you've got no income!!! And you can gaurantee that such things happen on your busiest shifts!!
By:
SPYKES
When: 04 Jan 10 14:30
Working 52 hrs a week for someone else that was like working its great :-)
By:
punterfleecer
When: 04 Jan 10 14:31
Wedged 04 Jan 16:03
London black cab drivers take home 70k a year I heard, which is probably less than the previous 2k per week estimate, but still superb.


:^0
By:
SPYKES
When: 04 Jan 10 14:33
I realise its not what it was. Every job I ve had in last 10 yrs the older 1 s have said the same thing. Its not like it used to be.
Lots of competition whatever you do.

And as for drunks and fare dodgers, I only want to do this whilst building up my own airport transfers business.
By:
punterfleecer
When: 04 Jan 10 14:33
SPYKES 04 Jan 16:06
No Seasider, live out in sticks nr Knott End not much going on here. certainly no jobs.
Work in car sales, sick of workin


you'll be lucky to find anyone who needs a cab
By:
JORDI
When: 04 Jan 10 14:34
Wedged 04 Jan 16:03


London black cab drivers take home 70k a year I heard, which is probably less than the previous 2k per week estimate, but still superb.




YOUR DREAMING MATE
take 10k for diesel,200 pw for taxi, no sick pay,accidents
By:
taximan
When: 04 Jan 10 14:36
cab game shot mate
By:
punterfleecer
When: 04 Jan 10 14:36
:^0
By:
punterfleecer
When: 04 Jan 10 14:37
50 type on this and 2 million lurk on this forum
By:
Ken Masters
When: 04 Jan 10 14:48
Ah, taxi drivers, the only people posties can look down their noses at.
By:
gunghadhin
When: 04 Jan 10 15:01
SPYKES 04 Jan 16:33


I realise its not what it was. Every job I ve had in last 10 yrs the older 1 s have said the same thing. Its not like it used to be.
Lots of competition whatever you do.


Then maybe they're trying to tell you something??? Pity you're not prepared to listen to sense....

And as for drunks and fare dodgers, I only want to do this whilst building up my own airport transfers business.

Just tell the drunks and dodgers that you're just doing it while waiting for another business.... I'm sure they'll treat you with more respect than other drivers.....

ARE YOU LIVING IN THE REAL WORLD?????
By:
DIE LINKE
When: 04 Jan 10 15:08
Joe le taxi drivers have to be amongst the most miserable knuts in the world. "But its only 5 minutes walk" "Ive waited an hour for this" Not to mention the thinly concealed racism.
By:
cunnybobbler
When: 04 Jan 10 15:12
taxi drivers are odd. i once got home and was counting out the fare (about 9 pounds) in pound coins cos i had a pocket full of em and wanted to get rid of em. he said ok il take 7 pounds and i said "7 pounds are you sure??? ive got enough to pay the full fare" he said give me 7 pounds now please, so i gave him 7 pounds...then he said get out now please. mad as a fecking bowl of frogs.
By:
Mc Moonbeam
When: 04 Jan 10 15:17
he obv thought you were a fkn lunatic .. they're not stupid
By:
garlicbread
When: 04 Jan 10 15:22
The advice about getting working tax credits if you are self-employed is good.

I only do 20 hours per week tops, Mrs Londis the same.

Neither of us shows a profit of more than 4k yet the government tops up our earnings to 15k.

It's brilliant. I spent £2100 on a camera for 'work' and the taxpayer effectively paid every penny :-)
By:
Mc Moonbeam
When: 04 Jan 10 15:35
I know a few taxi drivers actually
The ones that've done it for years have made a fair whack .. covered in gold .. though one i know that's only done it for 5 years doesn't even own his own cab .. he has to rent that too
By:
terry mccann
When: 04 Jan 10 15:39
private hire driver do long hours with little reward,couldnt tell anyone to do it 4 a living
By:
SPYKES
When: 04 Jan 10 15:40
Gunghadin are YOU on this planet???
At least Im willing to give it a try unlike some people. What was wrong with my comment about nothing the same as it was. If I was prepared to listen to them id have shot myself by now would nt I as according to them NOTHING is the same ie not worth the hassle.
By:
Mc Moonbeam
When: 04 Jan 10 15:42
They wait for stuff like bank holidays , christmas , new year for their bonus ;)
By:
Mc Moonbeam
When: 04 Jan 10 15:43
it's very hard to get into now though .. more who you know !
By:
monsieur p
When: 04 Jan 10 15:47
SPYKES 04 Jan 17:40
Gunghadin are YOU on this planet???

well said :0
By:
Ovalman.
When: 04 Jan 10 16:00
I know several that make it pay Terry but its long unsociable hours.

There was a feature on the Jeremy Vine show 6 months about taxi drivers struggling during the recession. It seems the market is over saturated with drivers and people just don't have the cash to spend on taxi's. Of course we're now coming out of recession so now may be a perfect time to become one.

Why not give your local company a call and ask if their hiring and what their terms are?

Its mostly private work here (Belfast) so drivers are self employed and pay the company depot rent. You have insurance, PSV your car and the upkeep of your car along with petrol. I reckon you'd need to clear £800 to £1000 per week before you start making any money each week.
By:
Putitinabox&sellit
When: 04 Jan 10 16:04
90% ends up in the bookies (NAP)
By:
cunnybobbler
When: 04 Jan 10 16:05
ive got plenty of money but half the time black cabs wont stop for me, presumably cos i wear jeans and t shirts etc. so now ive pretty much given up bothering and just walk or get the bus. maybe if they werent so stuck up theyd make more money?
By:
annie.
When: 04 Jan 10 16:12
They must make a good wage in London, as, apart from Central London, you can never pick up a black cab. You hardly see any and when you do they never have their sign on. This is very annoying when it is pouring with rain, cold etc and you are stuck waiting for a bus. If they do not want the outer London business, why do they not let others that do?

One thing, among many, that I loved in Brighton was that there were loads of cabs. Loads of cab ranks and easy to hire in the street for when the bus does not come or you have heavy shopping etc.
By:
punterfleecer
When: 04 Jan 10 16:32
garlicbread 04 Jan 17:22
The advice about getting working tax credits if you are self-employed is good.

I only do 20 hours per week tops, Mrs Londis the same.

Neither of us shows a profit of more than 4k yet the government tops up our earnings to 15k.

It's brilliant. I spent £2100 on a camera for 'work' and the taxpayer effectively paid every penny
]

REPORTED


seriously, careful what you say on here
By:
mightymoyes
When: 04 Jan 10 16:43
become a driving instructor instead. those robbing b@stards charge 25 quid an hr at least.
By:
Ronaldinho's dentist
When: 04 Jan 10 16:46
think of all the free blow jobs though
By:
punterfleecer
When: 04 Jan 10 16:48
so many free BJs and no money for family, still need to prioritise
By:
SPYKES
When: 04 Jan 10 18:01
Free blow jo bs ;-)

Spoke to a guy who said he was always getting various offers, 1 on his 1 st day. The guy was a right chunk too.
By:
SPYKES
When: 04 Jan 10 18:03
As for contacting local firms that was exactly my intention. With the hope that I could sell a few cars to the drivers I get to know. Work in car sales at mo as I said so between the 3 things was hoping it may well just work oh with a little positivity too ;-)
By:
twopoundpunter
When: 05 Jan 10 00:28
ive been a cab driver off and on for 15 years and i certainly dont do it for the money .In the provinces you will need to work about 60 hours a week to earn about 17,000 a year .
in most parts of the country there are far too many cabs and most of the tariffs are well underpriced .Fares may seem expensive to people but when broken down they are meagre and are aimed at the lowest income groups .
You have to take into account that you are not going to take the same amount of money on a tuesday night as on a busy saturday night (which seem to be quite rare nowadays )
some drivers may tell you that they have earned good money but you will probably find that they have done the equivalent of two years work in one year ,you can only work 80 hours a week for so long
Airport runs ? The going rate for a journey to heathrow is 100 pounds (240 miles round trip ) 5 hours driving assuming the m25 is clear ....probably about 40 pounds profit ...hardly big money
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