Chuck Driver

View Original

How Much MONEY I Spent to Make $5,000 with Amazon Flex

Delivering Amazon Flex packages for 30 straight days proved to be an enduring endeavor, allowing me to earn almost $5,000. Throughout this month-long “Holiday Hustle” journey, I carefully managed my expenses and maximized my earnings. By strategically accepting delivery blocks during high-demand periods, I ensured a steady stream of deliveries, increasing my chances of earning more. It required careful planning and efficient execution.

👉 My journey to $5,000 delivering Amazon Flex packages for 30 straight days:

Starting Saturday after Black Friday to Christmas Eve, I embarked on a month-long journey of delivering packages for Amazon during the peak holiday delivery season. And below I will share my personal experience and the financial aspects of my journey working 30 straight days as an Amazon Flex driver.

1️⃣ Understanding the Earning Structure - It’s crucial to familiarize yourself with the earnings structure. Amazon Flex offers block rates based on various factors such as delivery type, block length, and demand. By understanding these variables, you can make informed decisions to maximize your earnings. Furthermore, keeping track of your earnings and analyzing patterns can help you identify the most lucrative blocks and time slots.

2️⃣ Efficient Time & Delivery Block Management - Efficiently managing your time and delivery blocks wisely is key. Amazon Flex allows drivers to select delivery blocks of varying durations. Opting for longer blocks during high-demand periods can increase your chances of receiving a surge pay. Additionally, reserving last-minute blocks can be advantageous as they often come with higher rates due to urgent delivery requirements.

3️⃣ The Mileage Factor - One of the crucial aspects to consider when calculating earnings as an Amazon Flex driver is the mileage. The distance traveled picking up and delivering packages not only impacted my expenses but also played a role in potential tax deductions. To ensure I maximized my earnings and minimized expenses, I tracked mu mileage using a mileage tracking app. And for redundancy, incase the app failed, I also logged my mileage manually in my iPhone notes.

4️⃣ Tracking Expenses and Maximizing Deductions - To accurately gauge your earnings, it’s essential to track your expenses. This includes fuel costs, maintenance, and any other relevant expenses incurred during the job. By maintaining thorough records, you can claim deductions during tax season, reducing your overall tax liability and maximizing your earnings. Please seek a tax professional to help ensure you take advantage of all eligible deductions.

5️⃣ Balancing Time & Effort - This journey required a balance between time and effort. Not only was I delivering packages for 30 straight days, but I was also creating content on YouTube, Twitter, and on my website each and every day! It was crucial to find the right balance between reserving enough delivery blocks to maximize my working hours/earnings and avoid burnout.

👉 And the Results:

- $4,750 GROSS Earnings
- $570 Gas EXPENSE
- $293 Food EXPENSE
- $445 Maintenance EXPENSE
- $1,308 TOTAL EXPENSES
- $3,442 NET Earnings
- $3,946 Miles driven x 65.5 cents per mile (IRS Mileage Deduction)

- $2,031 TAX LIABILITY before other business expenses & personal deductions