Is driving or courier work still worthwhile?
For a long time,working on ride-hailing or food delivery platforms was equated with teh fastest way to earn extra money. Though, the situation has become ambiguous recently. The market is saturated, and competition among couriers and drivers is enormous.
According to the latest market data and discussions in driver communities on Facebook groups, it can be stated that in Vilnius, a driver can generate about 12-15 Eur/hour at peak times, and this number drops to 8-9 Eur/hour at off-peak times.
Scientific research confirms the drivers’ assessments. A 2024 analysis by STRATA and Vilnius University researchers showed that working on ride-hailing and similar platforms acts as a trap: over time, working hours increase, and relative earnings decrease.
It is indeed critically important to understand that the money earned on such platforms is not net profit. After deducting fuel costs, which remain quite high, vehicle depreciation, platform commissions and taxes (PSD, VSD, GPM), the actual earnings in hand frequently enough shrink to 5-7 Eur/hour, and sometimes even less.
Edvardas Arnatkevičius,Head of Customer Relationship Management Department at Bigbank in Lithuania,notes: “A common mistake people make when choosing ride-hailing or delivery services as an additional activity is that they only count income but ignore hidden costs. if your car’s depreciation and fuel ‘eat up’ 40 percent of your income, you are not earning money, you are simply converting your car’s
AI Side Hustles: Potential Income, But Not a Guarantee
The competition for income on international platforms offering artificial intelligence-related tasks is fierce, and a stable income isn’t likely for most, according to financial experts. Though, monitoring developments in AI remains beneficial for everyone.
Egidijus Arnatkevičius, a representative from Bigbank, emphasizes the importance of a positive mindset and cost control. He stated that initial earnings from side hustles are typically small and unpredictable.
“Spending this extra money solely on entertainment and leisure can actually create additional financial problems, especially if those extra earnings suddenly decrease. Ideally, supplemental income should remain untouched and saved in a seperate, free account that generates returns. Dedicate these earnings to investment.”
Arnatkevičius’ advice highlights the need for a cautious approach to income generated from emerging technologies. While AI offers new opportunities, it’s crucial to manage expectations and prioritize financial stability.
