Most licensed Taxi Drivers are self employed, with this in mind then it would be hard to say what a cabbie can earn as a basic salary. This is because in theory by being self employed this means that they have the freedom to potentially work seven days a week, 52 weeks of the year.
So how much a London Cabbie can earn is going to be down to the individual and the amount of hours they are able to put in. It is said that on average a London Cabbie should be able to earn from a four to six figure salary but that it going to be dependent on a few contributing factors such as – the hours you work; that is both the amount of hours plus the amount of unsociable hours you are able to do.
For example the fare you charge for a day time journey is going to vary to those you run through the night. Also the area at which you will be working and how much it costs you to run the business, so you would need to work out your out goings to run the Taxi before you would have an idea of what you might earn.
To get the most out of your career you will need to have as many options open to you as possible. For example most London Cabbies will work the streets of London. We have all seen used the traditional black cab and flagged one down in the city of London. But as a Cabbie this isn’t where you income has to end.
There plenty of ways that you could earn more money should you want to earn a little extra cash. When working for yourself the best thing you can do for your business is advertise; make people aware of your services. You can do this by advertising through business cards, local news papers, and even have your own website designed by doing this you can also make sure that when the public are searching on the search engine Google for Cab services you are at the top.
Don’t forget as a London Cabbie you can also take bookings for other journeys; a common one is airport runs; this too is a very good source of income.
The more people will become aware of you through this advertising and also through word of mouth.
So to sum up there is no limit to what you can earn as a London Cabbie, if you are prepared to put the hours in and work hard then this could be a very lucrative career.