Tuesday, August 05, 2014

Why drivers make money at Lyft?

Drivers make money driving for Lyft because they have to sign-up for shifts. This holds the driver accountable for these hours. If drivers don't go active in those hours, Lyft will send a notification that they're supposed to be driving right now.

Because Lyft uses this scheduling structure, drivers are accountable for these hours during their approved shifts. If the driver wants to cancel hours, they must log into the system to remove them. Lyft drivers are not tied down to these hours, but they have flexibility to cancel any hours, any shifts.

However, Lyft drivers who wait too long to cancel shifts and/or hours will receive a low reliability score the next morning. One Lyft driver changed cars on the system and was signed up to work on a Friday night. The mentor couldn't meet until Saturday, so this driver was hit with a low reliability for missing Friday. Even though this driver canceled this Friday shift, the system detected that he wasn't driving on Friday and lowered his reliability score for this particular week.

Lyft drivers make consistent money on busy nights. Even when Lyft relies upon a donation-based system, the hourly earnings ranged from $30-50 on weekend nights and $15-$30 on weekdays. Drivers can give plenty of rides throughout the night. Demand never wanes, especially since Lyft maintains a huge user base. According to Lyft last year, drivers were still unable to give rides to 30% of all passengers on weekend nights.

The Lyft platform informs their passengers that no drivers are available right now. These passengers will either wait, or choose to take UberX, SideCar, and/or a taxi.

The main reason Lyft drivers make so much money is because of the scheduling system, which puts them on the hook for these hours (shifts). Drivers are more willing to work these hours. They can sign-on for additional shifts and hours whenever they choose to do so. Moreover, drivers don't feel tied down to this schedule. However, cancelling shifts and hours must precede the scheduled times.

There is more motivation to work a schedule than to just work whenever. Essentially, it is the same platform as other competitors. Nonetheless, scheduling manages the number of drivers on the road and this can create additional business. Lyft spreads the word of their "work whenever you want" or "Drive your car whenever you want" themes.

This scheduling standard controls how many drivers are on the road. No driver wants to compete with hundreds of other drivers to make money. Drivers must give rides to earn. There is no guaranteed income to match drivers who make less during high demand hours.

Lyft drivers are go-getters. They grind out their rides and make many trips. In an 8-hour shift, a driver can give 20-30 rides. Occasionally, these drivers are connected with passengers who request to leave San Francisco. These long rides are readily available on Lyft, although UberX features the most long trips.

Scheduling is paramount to driving on particular days and nights. Unless these standards have changed at Lyft, drivers will get kicked out of the system at destinations outside of their approved work area. Every region has a set number of drivers at various times, so outside drivers will be logged off. They must cancel this current hour, and then sign-up again once they reach their home-base to protect their reliability score.

Lyft drivers can make good money conforming to shifts. It sets reliable goals to drive a certain amount of hours. Therefore, Lyft tracks daily hours and the amount of earnings. Drivers can input these numbers to find their hourly earnings. If these drivers are lucky enough to become a Lyft driver and don't get deactivated, they can make plenty of money driving during commuting hours and on weekends.

Scheduling shifts is how Lyft drivers make money. They stick to these hours, and are more willing to drive. However, drivers have flexibility to add additional hours and/or cancel hours beforehand. If taxis didn't follow a particular schedule, they would probably never reach their target goals. Imagine going to work when you please rather than setting a schedule to increase your productivity.

Working whenever you want requires strict time management and self-motivation to avoid the common pitfalls of laziness, excuses, and being too busy to get on the road. If you have gas and time, you can drive. Gas is a vital resource that grounds most ridesharing drivers. Getting into a bad cycle makes driving a challenging task.

An important note: ridesharing drivers can succeed on UberX and SideCar. All they need is to set a strict schedule and drive at peak times. Our tips:

  • Work in areas where pickup times are faster. 
  • Avoid spread out areas in which cancellations are common (Napa). Riders in large cities rarely cancel rides after 5 minutes. The cutoff time to cancel a ride is before 5 minutes, or the client/rider will get charged $5. 
  • Get out there and just drive. Ride requests arrive often. 
  • Know your area good. Be respectful of clients/riders.  

Earning money as a ridesharing driver is about self-motivation. This allows the majority of drivers to earn money providing ridesharing services. Get inspired to get on the road with a ridesharing platform today!

Happy Lyfting!

Signup to become an UberX and UberPool driver - get $500 to complete 1 trip. Must have completed trips on another rideshare platform before January 8, 2015. 

Signup to become a SideCar driver and get a $100 bonus after completing 10 rides - input code qjbxk to activate bonus that will be paid out after 10th trip.