EDITED: forgot to count credit top up
I started driving Jan 1, so I can share a bit of recent math with you
My initial goal was to drive 20 days in a month, each day target revenue RM 150 within 6 hours, so that should give me RM3k revenue in a month
Since I'm doing full Auto Accept, commission is 20%, so 3k minus 20% = RM2.4k
Average each day driving distance in 6 hours will be 220KM (including during trip and when not on trip). My car petrol consumption is about RM50+- for 320KM+-, depends on current petrol price also, but let's just call it RM50 for 320KM.
220KM times 20 days = 4400KM a month
4400KM divided by 320KM = 13.75 (lets just call it 14 times of put petrol)
14 times RM50 = RM700
TnG reload, since toll fee will be collected from passenger so it cancels itself out, so I don't count it.
I plan to set aside some money for rainy days and maintenance, so let's call it RM1k a month
So far the theoretical math works out to be:
Revenue = 3k
Cost for commission = 600
Cost for petrol = 700
Planned savings for rainy days or fixes = 1k
Net income = 3k minus 2.3k = RM 700
But of course real world math a bit different
for example, I'm actually getting RM170 to RM190 total fares a day on 6 to 7 hours of driving, maintaining below 230KM driving distance a day. Petrol price also cheaper now.
Bonus and cancellation fee will not be deducted for commission.
So yeah, hopefully it's a good enough reference for you
ADDITIONAL INFO:
- We don't have car loans or housing loan
- My wife earns way more than me
- I quit my job because it took too much time away from spending with her, so doing Grab is perfect as I can spend more time with her at our choosing, and still not be totally broke ass
- If any decent job opportunity come along, I'll still go for it, because employer contribution for EPF is nothing to scoff at