I’ve suggested over to a lot of people if they’re entrepreneurs to have their side hustle and I always get comments or questions about techniques or tips.
So in this post, I’m going to talk about the 9 things that I wish I knew before driving for Uber and Lyft.
1- Sign Up With Both Apps
I eventually signed up with Lyft and found out at least the time that I started driving at the beginning of 2019 that Lyft was actually paying more at the time than Lyft and I was mostly driving for Uber and then they kind of went back and forth.
Besides, both apps sometimes compete with each other to give you better bonuses, especially if it’s a holiday weekend or something along those lines.
2- Only Drive On Surge Hours
If you want to drive for Uber and Lyft make sure you’re free during the Surge hours which are mostly the morning commutes 7-9a.m and evening commutes 5-7 p.m.
Friday and Saturday nights and Sunday during the day. The weekends are hands on the most optimal time to drive, but the morning commutes are pretty good as well.
If you can’t drive during the Surge hours at all if you’re too busy, you might find it a bit more challenging to make good money, but the truth is most people can make time for those surge hours. As long as you get those surge hours, you can make a lot of money.
3- People Are Nice
This is something I want to mention because I’ve had friends asked if I don’t hate to deal with drunk people being obnoxious or rude?
The truth is there have been only maybe two instances after doing hundreds of rides that I could say someone was rude and it really wasn’t even that bad of a ride.
So the truth is most people are friendly, they get in the car you, have a pleasant casual conversation with them, or they’re on their phone.
If it’s a group of people, they’re just talking themselves so overall. The people are nice and very friendly.
4- You Don’t Have To Have Candy Or Snacks
This was a lot more popular a couple of years ago when lyft first came out because it was a big selling point.
I remember cars would be stacked with gum, water, and different candies.
Now you don’t have to do that, some people have told me they want to drive, but they don’t want to go out and buy water or KitKat’s or gum or anything like that.
I do think that having napkins in your car is the only thing I will suggest because if someone spills something or if they need to blow their nose.
Napkins are so cheap you can get like a hundred for a dollar at the dollar store so you really can go wrong.
Besides that, don’t worry about having like goodies or snacks or candy or anything like that.
5- Can Do It Anytime
Another question that I often get is if I have to set a weekly schedule.
There’s no need to fill in a weekly schedule so I can actually hit the app start button whenever I want to drive for as long or short.
This is a massive point because a lot of people think you have to schedule in advance
but the truth is Lyft and Uber is so
Unbelievably flexible you could turn it on legitimately makes the freedom in the flexibility a million times easier.
6- You Can Get Daily Paid
This is honestly one of the best benefits of driving for lyft and Uber a lot of people don’t know they can get paid daily.
You have to make a certain amount of money ($5.50 as of this writing) minimum to be able to transfer the funds to the bank.
For instance, once you make fifty
dollars and you can do this at any point
in time you hit the “Cash Out” button, and you get the money right in your bank account almost right away.
Let’s say if you need some side income or something, if you want some extra money to pay an immediate bill, just go out that night drive for a couple hours make that 50 bucks, get paid and boom you’re good to go, and this is one of the best-overlooked benefits of Uber and Lyft.
There’s a lot of expenses that you might not think at the beginning and this, unfortunately, is a bit of a negative one.
Obviously, you are going to be spending a lot in gas, and you’re also be putting miles on your car, which means more depreciation.
Let’s say you want to sell your car back in or get a new car that’s going to affect the value of your vehicle.
You’re an independent contractor, which
means you have to pay more in taxes. The whole tax accounting process can get more complicated.
Another big thing is you need more maintenance on your car, so things like oil changes are a lot more common.
Another thing as well is health insurance as you would have to now pay for health insurance out-of-pocket because you don’t have benefits.
I will say lyft and Uber have worked to make that whole process more accessible in terms of getting health insurance.
8- No Car Needed
You really don’t need a car, Uber and Lyft have an excellent rewards program Uber Fair and Lyft Express that if you drive for them, and you do at least 90 rides in one week for Uber or 135 rides for Lyft and you don’t have to pay a loan for the car.
At the time of signing up for Uber or Lyft you only need to select “I need a car to start driving” fill out your information and set up the rental pick up, and that’s all you need to get a rental car for driving for Uber or Lyft.
Besides, you don’t get charged for the miles put on the vehicle also maintenance and insurance are included in the rental fee.
Sucks having to put all those miles on your own car and to put on all that depreciation.
Just make sure you do at least 135 rides in a week and then boom, that’s right, you don’t have to worry about any loan and depreciation on your car and to worry about putting maintenance, paying for insurance and all this stuff on your vehicle.
The rental agreement is for 7 days and if you decide to return the car, you can do so on the 7th day or before, so you don’t get charged for another week.
9- It’s Fun But Tiring
It can be fun the hours fly by, but it can get extremely exhausting.
Doing hundreds and hundreds of rides
the truth is it’s entertaining and the time moves by so fast.
When I’m driving someone to their destination, we can have an exciting conversation, and it can be enjoyed doing it that way, pretty exciting.
It’s all good, but as you can imagine, you can be sitting down driving for a few hours bouncing around the city.
I’m in LA and doing all that stuff can get super tiring, so it’s kind of like a double-edged sword, a bittersweet thing.
In conclusion, like all things have their pros and cons, it really depends on everyone’s preferences and necessities, in my case I see it as a side income I can count on to support my starting business and a way to network with potential clients.
Lastly, if you ever consider signing up for Uber & Lyft, please also consider using my referral links below. That way we both get bonuses from them.