Are you a hardworking person with desire to make handsome earnings to support your family. Are you the one who always wish to fulfill the American Dream with 6 figure Annual Salary. If those definition fit you then I am going to show you the path to success. As many finance pundits have said multiple times, there is no shortcuts in the life but if you work really hard, the success will always come to you. Ride sharing companies (Rideshare Apps) Uber and lyft have opened new horizon for everyone who wants to make a good living and created opportunities to those who just want to earn a part time income like students or stay home moms. You Can Earn 6 Figures Per Month With lyft Even If You Don’t Have A Car
Agree, there is lot of competition and the rideshare business is already crowded, but this should not deter you from committing your 8-10 hours per day and make handsome living out of it.
Smartphone is no longer a luxury but a necessity in today’s world. I assume you have your smartphone which is sufficient to begin the journey. I mentioned hardworking person – initially I expect you to dedicate 8 -10 hours per day, everyday until you establish yourself in the crowed world of ride sharing business.
Follow my footprints and hopefully you will be able to mirror my earnings in next few days/ months.
Lyft or Uber
As a driver, there is no comparison between Uber and lyft. While some say Uber has stronger customer base, I am signed up with both the companies and work for them in parallel. I have chose this profession to offer rides to my customers and I am fine with either companies that can give me the business. Before you sign-up, make sure to search for Sign-up bonus offered by Lyft and Uber. This is your only opportunity to earn the sign-up bonus.
Lyft sign-up bonus offers for New Driver
lyft definitely triumph Uber when it comes to offering the Sign-up bonus. Using offer code COUPON800, a new Driver can earn $1,100 in Sign-up bonus. WHen you sign-up using this offer, earn $550 bonus immediately after you sign-up with lyft. Wait the offer doesn’t stop here. Apart from the sign-up $550 bonus, you will also earn $2.75 for every ride you give in the first 30 days upto a maximum $550. This is a variable component of your bonus.
Uber Sign-up Bonus Offer for New Driver
Unlike lyft, Uber is not generous in offering a Sign-up bonus to its new drivers. However it is always better to use referral code before you sign-up as Uber offers something called as Guaranteed Earnings. What is Guaranteed earning. If you use my referral code “SAMK265” depending on where you live, you can get guaranteed earnings offer from Uber
EARN $1025, GUARANTEED*
Sam invited you to drive with Uber. Sign up today and earn $1025 guaranteed for your first 75 trips. Earn less and we’ll pay you the difference. Trips must be completed within 90 days of sign up. Terms apply.
The Guaranteed earning offer is available only through referral. If you sign-up without referral you will loose opportunity to make up the difference in earnings from Uber.
See what Uber tells its new Drivers. By the way Uber refers its Drivers as Partners (just a fancy way, but tells a lot how much Uber respects its partners)
You can drive and earn as much as you want. And, the more you drive, the more you’ll make. Plus, you’ll get paid weekly and your fares get automatically deposited. Only drive when it works for you. There’s no office and no boss. That means you’ll always start and stop on your time—because with Uber, you’re in charge.
Sign up today and you’ll be on the road in no time. Plus, signing up takes less than 4 minutes. Don’t wait to start making great money with your car.
If you would like the information here please help support this site by using my referral codes. You get a free ride and I get one too! It’s a win, win. Uber calls its drivers Partners.
Hard work is the key to success
My day begins at 4 AM. In San Diego the airport opens at 4:30 AM and not many drivers will be awake to give ride to passengers needing ride to the airport. Between 4 -6:30 AM I manage to finish at least 2 trips (not round trips, just one way) Sometimes, I become lucky on my way back from the airport. But I rather focus on getting back to my base and be ready for the 2nd trip. Both Uber and lyft charges 20% which they call it as ‘Farm Out Fee’ or ‘Platform Fee’ Plus there is 7.75% Sales Tax. The cuts are already disclosed to you and its pretty much transparent.
Lyft: Typically your payment will be processed on Tuesday at 5PM. lyft also gives part time earner an option to transfer the funds to their bank account – which is called as Express pay.
Uber: Uber too pays your weekly. Uber’s payment calculation begins Monday and ends next Monday. So basically with both Uber and lyft you will be paid weekly. Also there is no flat commission and both Uber and lyft will only earn money when its drivers offer a paid ride to its customer. I found both Uber and lyft are very transparent in doing the business. Your paychecks won’t be late or if there are any complaints, the customer service will work with both riders and the drivers.
Being a single mom, I try to reach home by 7 in the morning so I can take my kids to the school. Initially I use to feel shy what other parents will say about my profession. But now everyone knows me as Uber/ lyft driver and my community is very supportive of me. I have even seen occasions when my riders have waited for me. It’s an app and the moment you ask for a ride, any driver in your area can come and pick you up. But when your clients specifically ask for you and even wait for you, that is the credibility I have earned in the ride share business. It will be a while for you to get there, but I am pretty positive that your honesty and hard work will get you there sooner than later.
Once my kids are in the school, I make use of this time to maximize my revenue. On an average an Uber driver makes – $19 per hour. But if you focus on long distance rides such as to San Diego Airport, Sea World or even Camp Pendelton, Animal Park you can comfortably earn $25-$28 per hour. My day generally ends at 4PM, that is when I go to pick up my kids from the school. And then is a last day trip generally at 8 PM- 9 PM. If you search online, you will find varying opinion as to what is peak hour and when you should be ready on your wheels to maximize your revenue, but based on my 2 plus years of experience I would say there is no such thing as peak hours. Uber however has a surge pricing tier based charges. Likewise lyft uses the concept of “Prime Time“. But in Sunny San Diego, every hour is a Prime hour and you will hardly find your self idle waiting for the customers requiring a ride.
What Other Benefits Lyft offers
You don’t have a car.
lyft – If you don’t have your own car, you can still apply to become a Driver with lyft. Lyft will offer CAR RENTAL to you. The program is called as ‘EXPRESS RENTAL’. Lyft offers All-inclusive rental with unlimited mileage. Other offers from lyft tincluds There are many offers and programs offered such as
Supplement Your Income
Most likely your return trips will be empty. Fill this gap by adding source of income. Some of the options are
- Grubhub – Grubhub is an online and mobile food-ordering company that connects diners with local restaurants. Basically you will be the connection point between restaurant and the customers. Customer tip is your main source of earning with any food delivery services and most of the time you will find the customers are more generous to tipping for the food delivery than with the Ride services.
- Uber Eat – Just like Grubhib, Uber Eats too is another way for customer to connect with the local restaurants. They can use theor regular Uber account to order food from their favorite restaurants and you will deliver it right to their door. Just like offering the rides, you will make money when you deliver the food plus a handsome tip.
- TaskRabbit – Its in town delivery service. Sign up with TaskRabbit and you can deliver the parcel or mails from them on your way back after finishing the ride.
- Roadie – Roadie allows you deliver parcels on your way and make extra money. It’s never been easier to earn cash and benefits on trips you’re already taking. Whether you drive across town or across the country, Roadie is an easy, flexible way to make money driving.
As you mature in the rideshare business, you will know you route and can decide how to fit in all avenues of making extra money. This is called as milk-run in the Enterprise Business lingo. Just like how Milk deliveries use to happen in the old days where the driver knew the customers and accordingly he use to plan the stops to deliver the milk. Same way the Milk-run once established for you, your earning will significantly increase.
Hope you enjoy these money saving tips. Checkout other interesting posts, coupons and deals here