Being a taxi driver can be a great career choice. It’s perfect for those that love to drive and is an ideal opportunity to work for yourself, and your earnings can pretty much be limitless—the more you’re out on the road the more you’ll rake in, so it’s worth giving it some thought. But, your budget might be holding you back. Costs of just about everything are rising these days, but if you bear in mind a few pointers you’ll be able to stick to your budget to make some great profits.
- Choose your vehicle wisely. With fuel prices only ever seeming to increase it’s essential that you find a vehicle that offers great fuel economy, so never go for a gas guzzler and always carefully check the specs to make sure you won’t end up paying a small fortune.
- Consider commission rates. Giving your taxi firm or local authority commission/rent can take a huge chunk out of your profits, so make sure to see what the commission rates are like before you take the plunge (or consider branching out with your own company…).
- Locate the best petrol prices. Different garages will always be able to offer different prices at the pump, so it’s worth taking a drive round your local area to see which one offers the best deal. It may not seem like much of a saving initially, but considering how much petrol you’ll need to use it could soon add up.
- Look for cheap taxi insurance. This is perhaps the most important point of all, because we all know how quickly insurance premiums can add up. By researching the area and comparing the options you could soon track down a fantastic deal, so always see the type of quotes available (and bear in mind other ways to reduce premiums such as increasing your voluntary excess) and you could find the cheap taxi insurance you need to keep you fully covered without breaking the bank in the process.
These are just a few things you might like to bear in mind, and if you go about it the right way you’ll easily be a taxi driver on a budget and could reap some great rewards.