Tips for How to Make More Money as a Lyft Driver

Try to make some extra money in your spare time, or tired of working your same old job? If so, you may want to try working for a rideshare company like Lyft. And if you are searching for opportunities to make more cash while driving your car, this very well might be the perfect opportunity for you!

Lyft was established in 2012 and reported sales in 2018-19 of more than $2.2 billion. The project has obviously taken off, and now anyone has the ability to hail a car from anywhere.

In comparison to other traditional methods, Lyft is considerably less costly than normal taxi fares. Many passengers even believe that Lyft services are more customized than a nearby taxi service, and safer too.

From a driver’s point of view, qualifying as a Lyft driver is fairly straightforward and can be done sometimes in less than 48 hours, whereas qualifying for a taxi driver is typically a much stricter operation.

If the idea of making good money as a Lyft driver is something you are considering, good luck — as that is exactly what we are going to be discussing in today’s article!

Whether you’re planning to become a full-time driver or a part-time driver, Lyft can be an outstanding way to make money. In this article, we will provide you with some useful information, tips, and recommendations to increase your earnings even higher!

Try to Drive During the Busiest Hours for Higher Pay

Of the many advantages to becoming a rideshare driver, is the ability to pick the days and hours you would like to work. For anyone that’s already been a Lyft driver for a while now, they are likely well aware of the various times and hours of the day when earnings and customer demand are at their peaks.

So, what are the theoretically best hours for Lyft? For the most part, it’s usually going to be nights and weekends. Nights and weekends are normally huge profits for Lyft drivers because people go and have a nice time, and if they are drinking, they won’t want to be driving.

If Possible, Target Busy Cities in Your Area

Depending on where you currently live and commute, this might be easier for you than for others. Although if you are in a major city or a populated area, staying in an area with the most activity is always a better option for drivers than moving out to the suburbs and not having any new pick-up notifications come through.

The reason for this is quite obvious, and there are just more people in need of rides in the busy city, so you get more passengers and gain more by sticking to the more popular areas. And with more volume and people, drivers are also more likely to complete jobs faster, which can also lead to better earnings and customer reviews.

Lyft Promos and Referral Codes

Everyone loves a good discount or coupon code, and Lyft offers plenty of them through their site.

When first starting as a Lyft driver, it’s recommended that you take advantage of the different discounts and comparison codes, as it gives you a nice bump of a few hundred dollars.

Customers may get a reference code from a fellow friend or Lyft driver, so consult with your friends, employers, or drivers, as you never know who might have access to the latest codes being offered from Lyft.

And if you are a driver, you can bet that handing out some nice coupon codes to your passengers would likely result in some nice reviews and tips!

Always Make Sure You Insurance Policy is Up to Date

This one is a no-brainer, but you would be surprised at how many people forget to renew their insurance cards.

An insured car is a prerequisite for Lyft, but the associated costs of your insurance could take a big chunk out of your earnings if you don’t have a clean record. The lower the premiums you pay, the higher your earnings are.

Until you start commuting with Lyft, consider your options in finding a new and lower-cost insurance provider, while also making sure you always have coverage.

Maintain Your Vehicle Health and Keep It Clean

Having a safe, clean, and well-kept car is critical. The last thing a passenger wants to see if a mess when entering your automobile.

Just as important as the inside and outside of your car, is the inside. Do not miss oil improvements or fail to wash your tires, as these can unexpectedly be an untimely disaster for you and your passengers should something happen.

In order to keep your car in peak shape, be sure to consider the following:

  • Set fuel adjustments such as 2000L per month.
  • Regularly check the brakes and get your cat inspected.
  • Maintain clean battery contacts and ensure the battery is charged.
  • Clean the inside of your car often and use an air freshener.
  • Test and replace the tires with air pressure.
  • Ensure the engine fluids, braking fluids and coolants are suitable.

It’s also important to take a moment after each ride to check that your passengers haven’t left anything behind, such as their mobile device, food, or trash.

Keep Your Lyft Driver Rating High

The easiest way to raise more money is to satisfy clients. The most important thing for your passengers is that you arrive and get to your destination on time, while also getting there safely.

As a driver, you should know the easiest and direct paths to all locations in the area. It’s also important to be welcoming and respectful at all times. If you’re kind and patient, you’re going to earn more tips and continually receive higher positive feedback.

lyft driver - ratings

Drive Less, Earn More

In reality, a common mistake made by drivers is that they need to drive as much as possible. This might sound like a good idea, but you are going to end up spending a lot of money on gas in the process.

Do not drive around aimlessly between journeys. Find a spot that fits well for you and passengers between trips to save time, money, and gas.

Get Plenty of Sleep

For employees of every sector, this is a valuable recommendation. However, this is particularly if you are responsible for the welfare of others and driving around for numerous hours throughout the day.

As a driver, it is critical that you are alert and energetic at all times. Lack of sleep makes your work harder and less secure, while also jeopardizing your passengers and job security.

Offer Rider Extras

According to many Lyft blogs, drivers receive excellent reviews and tips when adding in “extras” for passengers in their cars. Some extras don’t make a big difference, but others do seem to add more value to the passenger’s experience.

Some options for such extras and upgrades include:

  • Auto phone chargers for both Android and Apple phones
  • Bottled water (receive the shorter bottles to save money)
  • Cheap snacks such as gum or solid candies
  • Tissues Boxes

Be Friendly!

Last but not least, nice drivers are the best drivers! Take the time to speak to your customers and reassure them that their experience is important to you. More often than not, you will be shocked to see how much this leads to strong reviews and driver performance.

Want to Learn More about how you can earn more money?

While there is no guarantee that your experience as a Lyft driver will prosper, you will have the ability to increase your profits by implementing the tips we highlighted above, while trying to do your best to promote yourself as a competent and friendly Lyft driver.

If you’re still evaluating the possibilities to become a Lyft driver, be sure to consider all of the recommendations and tips we laid out in this article for you today. The money-making opportunities that lie with Lyft ridesharing aren’t going anywhere, so be sure to get started with your driving adventures today!

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan