If you are thinking about monetising your car with Grab, or if you’re a new driver starting out on the Emerald tier, chances are you don’t 101% know where all the hotspots and riders are. You’re lost, confused and you find yourself driving around aimlessly without a game plan.
Moreover, imagine having to pay for the car rental, petrol and road tax and who-knows-what throughout the day. These expenses eat into your pay even before you get it! This is why the new guaranteed earnings scheme is such a boon for you.
“The scheme is good for the more inexperienced drivers.” Kelvin Lam, a fellow Grab driver, says. As an experienced driver himself, Kelvin gives back to the drivers’ community by coaching other drivers in the lower tiers. He feels that the ‘uncoached’ newcomers can benefit from the earnings guarantee and give them some measure of confidence.
Honestly, no one really likes bad surprises when it comes to their earnings, so we would love to give you a peace of mind when it comes to knowing how much you’re getting, guaranteed.
How does Earnings Guarantee work?
Meet David. He started driving for Grab recently and is a newbie in the Emerald tier. David is a university undergraduate who is looking to make some extra earning, since he gets a lot of time with his family’s Honda Civic. However, he’s pretty lost when it comes to the good spots, and he only drives around when he’s free. Despite hitting 50 trips a week, David earns $480*. Say he remains consistent at 50 trips a week, this means he’ll be getting $1,920 a month.
With the guaranteed earnings scheme implemented, David will be receiving a 25% bump in earnings, to $2,400. The 25% additional increase will significantly help David with his school expenses such as textbooks and other study materials (they add up to a lot!), and of course, his happening social life with uni mates.
From Emerald to Ruby…
Say hello to Mohammad, our Ruby-tiered driver-partner who has been chiong-ing all the way ever since he started from the Emerald tier. Our hardworking man drives full-time for Grab, and he earns $1,820 a week by completing 140 trips. This means he’ll be earning $7,280 in a month. Thanks to the new earnings guarantee scheme, Mohammad will be receiving $7,888. That’s a $608* increase from the initial amount. Mohammad has chiong-ed until he feels like it’s about time he spent more quality, quiet time with his wife and kids. He could channel the $608 for a short staycation with his family.
Now that you’ve got a little insight into how the income guarantee can give struggling drivers a leg up, find more details on how it can help you by referring to Grab’s official Earnings Guarantee page.
We are aware that most of our valued driver-partners have gripes about low fares, this is why we are implementing new schemes that would be financially sound for you guys. A hundred or more may not be a significant amount to some of you, however, we’re sure it would help cushion your daily expenses on the car and most importantly, your family.
Once again, thank you for driving and working hard!
*The Earnings Guarantee amounts stated in this article are before the deduction of commission.