Looking to earn some extra income? Have a working vehicle that you’re willing to use to drive strangers around town? If you answered yes to those two questions, it might be time you looked into working for Lyft. This review will show you everything you need to know about how to sign up, get approve, and start driving for Lyft.
Lyft, just like Postmates, DoorDash, and Instacart, is a completely legitimate side hustle where you can make an income working part-time hours. It just comes down to when you are free and willing to work.
Pros & Cons
- Keep 100% of customer tips
- Flexible schedules
- Peak Pay and hotspots make it easy to maximize your earnings
- Access to affordable health benefits and other services
- You can rent/lease a vehicle through Lyft depending on your location
- No hourly pay means you could spend a lot of time waiting for orders and not getting paid
- You can’t work unless it’s busy or you’ve signed up for a shift in advance
- No reimbursements for things like gas or vehicle maintenance
- Letting strangers in your car – this is not necessarily a con
What Is Lyft?
What Does Lyft Do?
Lyft is a ridesharing company that connects riders with drivers based on their location. Lyft drivers work as independent contractors, which offers the flexibility to set preferred hours and availability.
Drivers log into the Lyft app, turn on driver mode and potential passengers appear as ride requests. When the driver accepts the ride request, they pick the passenger up at their preferred location.
Once the ride is complete, payment is processed automatically through the app. Passengers also have the opportunity to rate and tip their driver once the ride ends. If you do not want strangers in your car, check out other companies like Instacart, Postmates, or DoorDash.
Become A Driver
How To Sign Up
It is incredibly easy to sign up to become a Lyft Driver. Just head to their website or click the link below and enter your phone number and click “next” on the homepage.
Your sign up process should look like the following:
- Start the application process on Lyft’s website by entering your full name, email address, mobile phone number and the city you plan to drive in.
- Next, enter your vehicle’s make, model, year, color, number of doors and number of seat belts.
- Enter your Social Security number.
- Upload a photo of your US driver’s license.
- Review Lyft’s terms and conditions.
Where Can You Work
Where Can Lyft Available?
Lyft is currently available in all 50 states in just about every mid-size to major city in the U.S. But to make things even easier, you can quickly find out if Lyft is available in your area by entering your zip code at their website.
Your zip code is also one of the first things Lyft asks for in the signup process. So you will know right away if the opportunity is even available in your area before you waste your time going any further.
How Much Lyft Pays
The amount you make as a Lyft driver depends on where, when, and what you drive. You get paid per ride, but there are a variety of factors that go into establishing that price.
Lyft charges riders a base fare, which is a flat fee just for booking the fare. The base fare varies depending on location. They also charge a cost per mile, which also varies depending on the town you’re driving in. The third factor is the cost per minute. All three factors are variable depending on where, when, and what type of car you drive.
Lyft doesn’t put a cap on the amount of money a driver can make – but they do limit the number of hours you can work. For safety reasons, drivers are required to take a six-hour break after every fourteen hours they work. You can stay on the road for fourteen hours at a stretch, but then you have to take a break.
How It Compares
How Does Lyft Compare To Others?
Lyft to GrubHub function on very similar business models, but the experience for the drivers are actually quite different. With Lyft, you will always have strangers in your car, while with GrubHub, you will only interact with customers when you are dropping off the food. Lyft also has stricter vehicle requirements as you need to have 4 doors and cannot use a motorcycle or bike. That being said, you generally will earn more with Lyft to make up for those drawbacks.
- Drivers can get sign up bonuses
- Allows you to rent/lease a vehicle
- New laws give drivers more benefits like a minimum wage
- Drivers are responsible for gas, insurance, and care depreciation
- Drivers must carry commercial rideshare insurance
- Lyft does not limit driver competition