Are you looking for a way to make extra money? Working a side hustle like driving with Lyft is a great way to earn some cash. So, how do you make money with Lyft? Read this post to find out how!
Ride sharing has become one of those amazing phenomenons of the digital era. It’s turned transportation on its head, and made it easier for people to get around and in a way that is ridiculously affordable and convenient. Unless you live in New York City, where you basically trip over a cab or subway station every few steps, getting around or having a safe driving option when you’ve had a few drinks isn’t always easy or cheap.
Is it Possible to Make Money with Lyft?
Yes! It is possible to make extra money with a side hustle with Lyft. It’s a great way to supplement your income.
Why become an Lyft driver?
Lyft is one of the two ride-sharing options sweeping the nation and demand continues to grow. It’s a fantastic opportunity to be on the driving end and make some extra money. Whether you already have a full-time job, or you’re part-time, in between jobs or have free time on the weekends or holidays. You create your own schedule with Lyft, and the company has made it just as easy to become a driver as it is to be a rider.
How do you become an Lyft driver?
It’s so easy to become a driver for Lyft. Head here to create a profile, and provide your Social Security number, through a secure process, so the company can complete a background check. Safety is a high priority for Lyft, both for drivers and riders. You also need to provide a valid driver’s license and auto insurance information. Your vehicle is require to have four doors and five seat belts, so basically any sedan, SUV, mid-sized SUV, etc., works. Even if you don’t have a car, or a car that meets these requirements, you can rent from Lyft Express Drive. The cost of insurance and maintenance are covered in the rental fee, there are no caps on miles — even for personal use! It almost sounds like a a better deal to rent a car than use your own!
Once you’re approved, you’re a driver! Download the Lyft app on your smartphone and get ready for ride requests to come in! No money needs to exchange hands, as all payments are made and processed through the app. You’re paid on a per-mile, per-minute rate. While Lyft will take a cut of the rate to cover insurance costs and to make their own money, of course. But you get to keep 100 percent of any tips you receive.
How much do you make as an Lyft driver?
The question of how much money do Lyft drivers make is a tricky one. It depends on a lot of different factors. Where you live, the kind of gas mileage your car gets, the shape your car is in (in regards to maintenance and repairs) and the kind of hours you work. But you will make money driving for Lyft. It’s a service that’s in high demand and during peak hours, you’ll make more than your typical rate with increased Prime Time pricing. You can get an idea of how much you’ll make by checking your region’s rates at lyft.com.
But how do Lyft drivers make money?
It’s all a matter of just signing up and start driving. No matter how you look at it, being a Lyft driver is a no-lose situation. Give it a shot, even if you drive a couple times a month, it’s still a side hustle that’ll bring in some extra money, and who doesn’t like extra money?