The following Lyft rides reflect last December. As you can see, fares are no longer this expensive. A ride under a mile won't cost a passenger $7. Within a year, rates reduced again to decrease earning potential. Compare current fares to December 2013 fares below.
Can you still make money driving for Lyft? Do you want to fist-bump every passenger? Interested in attaching the fluffy Pink mustache on the car grill at the beginning of each driving shift?
If you earned $50 an hour, you would make those sacrifices. Nonetheless, Lyft ads are rotating with $20/hr earnings. The cost of gas, repairs, toll bridges and other expenses make $20 per hour seem like chump change.
It is not worth driving for Lyft right now. Their rating system is designed to weed out the lowest rated drivers. A driver with a 4.82 score can get deactivated once their rating reaches 4.79. Lyft doesn't care whether they terminate their drivers during Christmas season and/or on birthdays.
The daily statement for a December shift show how much donations have dropped in 10 months. Perhaps fare adjustments will drive down the competition and decrease the supply of drivers.
Lyft was once a great income generator. They gave drivers 100% of their earnings during Power Hours and Spring season.
A drive from the Marina to Downtown San Francisco may cost $10. Lyft does have an advantage that UberX is lacking; they feature a tipping option to reward good drivers.
Competing ridesharing companies are lowering prices. When one ride company reduces their fars,, another follows suit. It has a monopoly effect on driver earnings. Drivers must take more trips, drive more miles, spend more on gas, and reduce downtime to make decent earnings.
Check out the trips taken on a typical Saturday night back in December. Total cost of gas this night: $75. No commission taken.
Can you still make money driving for Lyft? Do you want to fist-bump every passenger? Interested in attaching the fluffy Pink mustache on the car grill at the beginning of each driving shift?
If you earned $50 an hour, you would make those sacrifices. Nonetheless, Lyft ads are rotating with $20/hr earnings. The cost of gas, repairs, toll bridges and other expenses make $20 per hour seem like chump change.
It is not worth driving for Lyft right now. Their rating system is designed to weed out the lowest rated drivers. A driver with a 4.82 score can get deactivated once their rating reaches 4.79. Lyft doesn't care whether they terminate their drivers during Christmas season and/or on birthdays.
The daily statement for a December shift show how much donations have dropped in 10 months. Perhaps fare adjustments will drive down the competition and decrease the supply of drivers.
Lyft was once a great income generator. They gave drivers 100% of their earnings during Power Hours and Spring season.
A drive from the Marina to Downtown San Francisco may cost $10. Lyft does have an advantage that UberX is lacking; they feature a tipping option to reward good drivers.
Competing ridesharing companies are lowering prices. When one ride company reduces their fars,, another follows suit. It has a monopoly effect on driver earnings. Drivers must take more trips, drive more miles, spend more on gas, and reduce downtime to make decent earnings.
Check out the trips taken on a typical Saturday night back in December. Total cost of gas this night: $75. No commission taken.
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