With another company taking a share of the pie to join in likes of Uber and Grab in consumption of the traditional taxi market share. SixTNC, whose chief executive is Indonesian businessman Radius Wibowo, was official released at a formality at the Mandarin Orchard Singapore on Sunday.
However, the company has prepared a daring assertion that their drivers can make an yearly six-figure salary by driving just eight hours a day. This can be accomplished via a referral arrangement, where driver who endorses another person to join the system will take a 5 per cent cut of the latter’s incomes.
Drivers will have to pay 20 per cent of their wages to SixTNC. Based on that, an yearly salary of $100,000 is conceivable, if a driver bring in 30 others, provided all of them receive $150 a day.
The company also said that travellers will also make 5% share if they bring a driver. The statements seem a bit imaginary, as in the beginning, will there be sufficient travellers to upkeep such a service, with Uber, Grab and normal taxis going out on the roads.
Moreover, cab drivers do not make a secure earnings and it would be tough for drivers to steadily hit $150 a day. So, before you think of making a six figure sum yearly through driving a private hire car, then do your countings first. The figure might just to sway to appeal drivers to the company.