Lyft is a ridesharing app where you can get paid to drive people from point A to point B.
It can be done full-time or part-time for anyone who wants to earn up to $20 per hour.
To sign up on Lyft you have to fill a form on their website and wait to be approved. To be eligible you must meet the following conditions:
Be 21 years old
Pass a background check (driving record and criminal record)
Have a valid drivers license
Once you get approved, Lyft will send you more instructions and you can start working as much or as little as you like!
How Much Do You Make?
With Lyft you can earn up to $20/hour and sometimes more if you work during busy hours. As a Lyft driver, you earn money from 3 ways:
Driving people to their destination
Bonuses from Lyft
Tips from customers
1. Driving People
As a driver, you get a percentage of the fare Lyft charges passengers. This fare depends on the distance and the time it takes to get from the pick up to the drop off location.
Lyft often has bonuses to incentive drivers to work more. Here are some common bonuses:
First-time sign-up – a bonus when you first become a Lyft driver. Right now the bonus is $1000 if you complete 125 fares.
Prime Time - bonuses for working in peak hours when the demand is higher
Power Drive Bonus - bonuses for completing a certain number of trips in an area. (can vary based on your location)
Each passenger can decide to tip you at the end of the ride. They can do it either through the app or hand you cash. It is common to receive tips especially if you have good customer experience.
Payments are made every Tuesday or you can request an instant payment if you have a balance of at least $5.
How Does It Work?
Passengers open the Lyft app and order a Lyft to pick them up. Once you pick them up and drop them off at their destination, you get paid.
At the end of the ride the passenger can rate you from 1 to 5 stars. If you have less than a average 2-star rating, Lyft will remove you from the list of drivers and you won’t be visible to customers anymore. As long as you drive safely and get people to their destination you shouldn't have any problems.
Lyft vs Uber
While Uber is a more known and used service worldwide, a study done by the company Earnest has shown that Lyft drivers earn more than Uber drivers. While Lyft drivers earned an average of $377 per month, Uber drivers earned an average of $364 per month in 2018.
Pros of Lyft
You don't need to own a vehicle to sign up
You set your own hours
Earn up to $20/hour for driving people
Possibility to earn more with tips
Discounts on fuel and maintenance costs
Lots of bonuses available
Cons of Lyft
Only available in the USA
Drivers pay their own expenses (gas, tolls, car maintenance, etc)
Having strangers in your car
Some cities aren't busy enough for full time hours
Do I Need to Own a Car to Drive Lyft?
No. Lyft has a program called Lyft Express Drive where you can rent a car for an affordable cost and use it to drive for Lyft.
How Do I Signup?
You can signup on Lyft's website here. You will earn a $1000 bonus if you complete 125 rides!
What if Lyft is not in my city?
Lyft is growing but it's not available everywhere yet. If that's the case then read our article on Uber as that might be a better option for you.