There are more options than ever for app based or gig work. The obvious options are ridesharing (Uber, Lyft) or food delivery (Doordash, Grubhub, etc.), but there are dozens of others now as well that span dog walking (Rover, Wag) to helping people move (Dolly).
Having multiple options in your job portfolio can ensure that you stabilize your income over multiple peak periods - rather than just relying on one company that will have more ups and downs over the course of a given week. Even better, with access to multiple gigs you can work during more peak pay periods that may fit your schedule on any given day - helping you optimize your time and maximize your earnings.
However, juggling multiple jobs can be complicated - where, when and what job should I work today? Is it worth it to add more jobs? Do I actually make more? Let’s dig in!
How Many People Sign Up for Multiple Platforms?
First, you may be wondering - what is the average number of jobs that people work with in the gig economy? Across ridesharing, food, grocery and parcel delivery so far this year, we’ve seen that only 18.5% of workers have access to 4 or more jobs while 33% are working with just one platform. In Seattle, we see that on average workers have access to about two platforms (for example, Doordash and Shipt).
Given the dozens of work options out there for workers, that means there is a lot of opportunity to add complimentary platforms to stabilize and improve your earnings.
So what? Are more jobs better?
In 2021, we’ve seen a really interesting trend play out amongst the members of the Solo community. Those that have access to three gig or app based jobs have substantially higher earnings than others - 12.9% more to be exact. They’re bringing in over $25/hr on average across ridesharing, food, grocery & parcel delivery before expenses.
Those with access to two jobs came in second, beating out average earnings for the entire group by 0.2% at $22.86/hr. Single-appers trailed in third place and those that worked with 4+ jobs? Surprisingly, they came in last.
Wait...so are more jobs actually bad for my earnings?
We don’t think so.
Obviously, the really interesting number above is the $19.98/hr average hourly earnings from those that have access to 4 or more jobs. Logically, you would assume that more jobs is a good thing because you have even more options to earn on any given day. However, based on some of our conversations with those juggling several jobs, it can be difficult to manage across so many options. Understanding the best times to work for each segment and/or platform becomes complex and can unfortunately lead to more down time and low earnings.
Our Advice - let us help you manage more jobs to your advantage
App based or gig jobs unfortunately don’t have a lot of consistency to them. They have variable rates with different peak demand schedules and, not to mention, the neighborhood you’re in can have a big impact on your earnings. That’s why we believe trying to juggle four or more jobs leads to a less optimized schedule for many workers.
However, if you know when the peak pay periods are for different jobs (see above), you can start to leverage this volatility to your advantage. On a given day you can work ridesharing later in the evenings, take advantage of grocery delivery during the day and deliver food around meal times.
Diversifying your portfolio of jobs gives you more options to take advantage of peak pay periods. It’s more complex to manage, but that’s why we built Solo. We crunch the numbers using real earnings data from the community to show you the highest paying jobs that match your schedule. But that’s not enough, we also predict how much you’re going to make and protect it as a part of our Earnings Guarantee program. Those that use Solo’s Earnings Predictions to plan their work day not only lock in their income, but earn up to 40% more.
Check Solo out for free to take the anxiety out of gig work, optimize your time and maximize your income.