How Much Do Lyft Drivers Make? Learn the Truth About It! (Lyft Review)
Are you also asking, how much do Lyft drivers make? Do you want to know if being a lyft driver is worth it or not? Are you curious if it can be a good source of income? Well, I suggest that you read this review in order to clear your doubts about it.
What is Lyft?
Company Name: Lyft
Owner: Logan Green and John Zimmer
Price to Join: Free to Join
My Rating: 7.8 out of 10.0
Lyft is a transportation network company that currently operates in the United States and Canada that provides various options for getting from one place to another. You can get something like a shared car, a luxury car or a scooter to get to where you need to go.
Lyft also allows people to become drivers and earn by dropping riders to different locations. The entire process is made easy by their app for riders and drivers.
This company was founded by Logan Green and John Zimmer. It was founded in the year 2012. It is one of the biggest ridesharing companies without a doubt. There is a lot of scope for expansion as this company can start operating in a lot of countries.
In this Lyft review, we will see if this company is worth joining or not. You will also learn more about the ins and outs of this platform.
- How Does Lyft Work?
- How Much Does It Cost to Join?
- How Much Can You Earn?
- Are There Any Complaints?
- Bottom Line
How Does Lyft Work?
First of all, you have to apply to drive and get approved. The application process will start by asking for your mobile number. They will send you a code that you will have to enter to verify your mobile number.
Remember that you need to be at least 21 years old and have a smartphone to work for this company.
The next few steps will require you to enter important information. After entering your vehicle and driver’s license information, you will have to agree to a background check. Finally, you will have to take your vehicle for an inspection.
When you have completed all of the steps that I mentioned, you just have to wait for them to approve your application.
Once your application is approved, you can start working and earning as a driver. Sometimes, it can take weeks before your application is approved, so you have to be patient.
You have to start by downloading their app on your smartphone. I don’t think that it would be hard to learn to use the app. You just have to turn on the driver mode when you are ready to work. You will see a ride request that you can accept or decline.
Obviously, you will have to reach the pickup location after accepting the ride request.
If you don’t see the rider, then you can cancel the ride after 5 minutes of arriving at the pickup location. You should call the rider and ask them where they are before you cancel. If the rider doesn’t pick the call, then you should cancel after 5 minutes.
However, if the rider promises to reach the pickup location soon, then you can wait for them to arrive. You can wait for as long as you want.
Your acceptance rate will not be affected negatively when the rider fails to show up and you cancel after 5 minutes. Your acceptance rate will be affected negatively when you cancel for personal reasons, so you need to avoid doing it.
You can take breaks whenever you want, so there is no reason to cancel a ride unless it is an emergency.
After the ride ends, you will get a chance to review the rider, and they will get a chance to review you. Your ratings will affect your earnings and allow you to work without any issues.
Therefore, it is very important to treat every rider with respect and provide the best experience possible.
You can use Prime Time to earn more. The app has a heat map that will show you the locations where the demand for rides is higher than the number of drivers. In such areas, the riders have to pay extra money, and you can use such opportunities to earn more.
They even have guaranteed Prime Time on special occasions, and you may receive notification about the same through them.
You should not miss guaranteed Prime Time opportunities because they will allow you to earn a lot more money.
You can get a car from their partners with insurance and maintenance. They are opening Driver Centers for repairing cars at a lower cost. I like the idea of their mobile service vans that are being introduced in more cities.
The point is that they are dedicated and constantly improving with time.
Overall, they provide a nice opportunity to people who are interested in driving. The app is easy to use, and they provide a lot of facilities.
How Much Does It Cost to Join?
It is free to join as a Lyft driver, but you do need to meet all of their requirements.
You can get a car through their partners, but you will still need to have a clean record, a smartphone, a driving license and be 21 years old.
I don’t think that the requirements are unfair, and most people should be able to qualify if they apply sincerely.
How Much Can You Earn?
It will surely take some time for you to understand how to maximize your earnings. Your earnings will depend on factors such as your driving hours, Prime Time, tips that you receive, your location and Personal Power Zones.
I think that most people can rely on this company for a side-income for sure. However, earning a full-time income is going to be tricky and not possible in certain cases.
You need to be aware of Personal Power Zones and Prime Time to get full advantage and make the most money. The app will show them to you, but you may need to work at a certain time to take full advantage.
You can also receive tips for providing a good experience. Referring other drivers is also not a bad thing for making some more extra money.
In the end, it all comes down to how well you do as a driver. This is not a very hard job if you are decent in driving and dealing with people. There is certainly scope of earning a full-time income.
You just need to drive part-time and see if you can make it full-time. Driving full-time right from the start can be risky.
Are There Any Complaints?
Yes, I have listed some complaints below.
"The pay is inconsistent."
"If you're renting a car with Lyft, pray you never get involved in an accident. The process takes forever, and you have to constantly be on your toes."
Lyft is not a scam. I think that you can try it part-time.
On the other hand, I don’t really recommend working full-time because of uncertainty and low pay. You can drive on the weekends to make some extra money and take advantage of the rise in riders.
Nevertheless, you still have the final decision. Good luck and decide wisely.
- Plenty of facilities
- Easy to use app
- Lyft takes 20% off each fare
- Car related expenses
- Female safety concerns during night time
How Can You Earn Money Online?
It seems like you want to try to become a Lyft driver because you are eager to find a new source of income. It also feels like you just want to have an alternative job that can help you in paying your expenses and bills.
But let me tell you that this type of job is only good if you are looking for a part time job. Even though you can control your time and you have no boss, the earnings are just enough to maintain your car and pay some of your expenses.
On the other hand, if you are still looking for new source of earning, then you can also take a look into my personal choice.
My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And it doesn't require any selling.
Right now, I am on my third year in this type of business and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about Lyft, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!