Maybe you are tired of working for long hours. Perhaps your budget is not generous as you would like it to be. You may also want to earn extra cash to spend on your weekend errands. There are several guys like you making a living by working as drivers for ridesharing apps such as Lyft and Uber.
How it works
When working for ridesharing companies, you connect passengers through the app, pick them in your car, and get them to their destinations. You will accept fares electronically. In this case, you are working as an independent contractor. You will receive your earnings weekly through direct deposit. Moreover, you do not have an immediate superior to command you around.
However, you should maintain an excellent rating from your passengers. This will help you keep some driving privileges. Other than earning money, you will be working your own hours. You will also get an opportunity to meet interesting people. For most people, working independently as a contractor for Lyft may be preferable to taxi service. However, just like any other job, you need to be aware of drawbacks. Before joining the company, you need to know what is involved.
Qualifications to become a driver
Lyft is one of the top two ridesharing companies that are expanding rapidly. Therefore, you are guaranteed a job as a driver of you meet basic requirements of the role. This is not the case with taxi companies that only hire during certain times. If you want to join them, you need to learn how to become a Lyft driver. After being accepted as a driver, you can instantly start to accept rides. You have no set schedule, required driving destinations, the number of hours, or scheduled pickups. In fact, you just drive where and when you want.
How much you can earn
Working as a lyft driver, your earnings depend on upon several things. For instance, driving during the peak periods can increase your earnings. Your locations of driving also matter. Some moves by the company can increase or undercut the driver’s earnings.
Your experience has an impact on how much you can make. Some strategies can help improve your revenue. For example, being near hotels or airports, you are likely to get new customers that can request rides.
You will need to deal with costs and expenses you incur. Also, you will be required to pay taxes as you are self-employed.