If you plan to work for Uber or Lyft part time or full time, you surely have asked yourself if you can make more money in that time. The answer is yes.
It is hard to figure out on your own how to increase your ridesharing income, especially at first, after you sign up with Uber or Lyft. Ridesharing platforms include other aspects in their short training, and you are left to learn on your own how to make more money driving for them. If you are looking for a fast, easy way to earn more as a driver, keep on reading.
How To Make More Money With Uber & Lyft
- test which ridesharing platform works best for you. My own experience in the Chicago area shows me that I can earn more with Lyft vs. Uber. However, that might be different for you, as ridesharing income varies a lot with location, the hours that you can drive for Lyft or Uber, sign up and existing driver bonuses, etc. earn which areas are busier close to your home.
- areas such as University campuses, touristic areas (especially the ones that have a lot of hotels, downtown areas, shopping areas, and malls, etc.) usually have more people requesting rides. Taking note of such ridesharing busy areas should improve your bottom line.
- keep track of your Uber and Lyft promotional bonuses. Getting an extra $25-$100 bonus a couple of times per week (varies) goes a long way and might make it worth sticking around for a few extra rides. Keep in mind that for some of the Lyft bonuses you have to enter your phone number in a form that they send you through SMS.
- chase the surge – if your schedule allows it, try to get online with Uber or Lyft during peak hours, as they will pay more during these hours. Uber calls it surge pricing, and Lyft calls it peak hours.
- keep track of events that take place in your area. Lyft and Uber usually notify you about major events in-app or with a SMS, but that doesn’t mean that they know about or notify you about all the events. Planning ahead for such events goes a long way.
- double check your navigation. Both Uber’s in-app navigation and Waze, which is Lyft’s default navigation are not 100% accurate. They might have you pick up or drop off riders in alleyways, or on the other side of an expressway, fence, wall, etc. This usually means wasted time, a safety hazard and canceled rides. So, you should definitely take the time to ensure that the ride will go smoothly and safely. Update: On October 12 2017, Lyft has announced their own in app navigation solution, built with Google Maps. It is currently rolling out on Android, with iOS expected to follow soon.
- keep track of how long you usually wait in an airport queue. If the queue is too long and you have to wait a lot for your next trip, it might be better to just leave and drive to the hotel area that is usually close to major airports. This strategy is not guaranteed to work and it will require some testing on your part. On the other hand, if you decide to stick around in the TNP (transportation network providers) lot, you might as well use the time constructively. Some ideas are relaxing, reading a book, cleaning your car or talking to other drivers to see what they do to earn more money (make sure to keep your Uber/Lyft driver referral cards handy if someone asks you for one).
- refer other drivers. Referral bonuses are an easy way to earn more money both for yourself and for the driver that you are referring.
- if you are just considering to start working for Uber or Lyft, make sure that you get your own referral bonus.
Let me know which one of these tips worked best for you, or, if you have your own, please share it in the comments section.