“Is it worth it to drive for Uber and/or Lyft? Will I make any money after my personal and vehicle expenses doing this? Is it even convenient? Can I do it concurrently with my other job(s)? Can I do it at my own time?” The answer to all these questions is “YES”.
It is worth it to drive for Uber and/or Lyft because you immediately get a sign up bonus. Click here to see the Uber sign up bonus. You can drive for both Uber and Lyft at the same time. Click here to see the Lyft sign up bonus. You may also choose to drive for just one: either Uber or Lyft. Driving for both is highly recommended so that when one gets slow, you just jump on to the alternative platform.
“It is convenient to do this with your other job(s).” You are the boss here. You set the time. You can drive for a few minutes, a few hours, a few days, and just whenever you choose to. You can do it before your other job(s), after your other job(s), between jobs, on your days off, just on your way to and from work, and so on.
Most of us certainly have days when we could use that extra 50 dollars but there are no hours to pickup at the regular job. When you are signed up with Uber and Lyft, all you have to do is turn on your apps, the riders ping you, and you make that extra 50 or more dollars just like that.
Yes, you will make money after your expenses. First, by making money this way, you are turning your smartphone and vehicle into assets. Assets are possessions that make you money while liabilities are possessions you spend money on without any tangible returns. In order to make even more money, you should have your system set up better and with the supplies you need.
Here are the steps you will need to get started and succeed: 1. Get the appropriate vehicle; 2. Get the proper insurance; 3. Get a smartphone; 4. Sign up with Uber and/ Lyft; 5. Have the recommended supplies; 6. Be a safe driver with excellent customer service.
APPROPRIATE VEHICLE: The vehicle I would recommend is any vehicle of engine size 1500 – 2000 cc (1.5 liter – 2.0 liter) that uses regular gasoline (87). In purchasing a vehicle, consider fuel economy, durability, affordability, affordability of parts, and how easy it is to maintain/ fix the vehicle yourself. Before you set out to purchase a vehicle, find out the vehicle age limitations for Uber and Lyft for your region. In my area, the cut off is 15 years or 150,000 miles (whichever comes first).
PROPER INSURANCE: There are certainly so many insurance companies out there and it can be difficult to decide which one to use. If you already have personal insurance on your vehicle, contact your insurance company or insurance agent to modify your personal auto insurance to include shared rides driving on the Uber and/or Lyft platforms.
SMARTPHONE: If you already have a smartphone, you are good to go. If you don’t yet have a smartphone, you don’t necessarily have to purchase the most recent or most expensive that may offers you the same basic functions as these great but low-priced options:
SIGN UP: You are now ready to sign up. Click here to sign up to driver for Uber. Alternatively, if you would like to drive for Lyft only or both Uber and Lyft, click here to sign up to drive for Lyft.
1. Signs: You will need to have the Uber and/ Lyft signs. Here are some choices:
2. Phone mount: Your riders will feel safe if you have a phone holder instead of holding your phone in your hands as you drive. Here are some recommendations:
3. Phone charger: When you drive for a couple of hours, you will need to charge your phone on the go. Plus, some of your riders may need to charge their phones too, or you may need to charge or power other devices on the go. Here are some choices:
4. Wireless ear buds: These allow you to listen to the navigation from your phone without interrupting the rider’s music coming from the stereo. Also, some riders may like to make phone calls and may not tolerate any other noise, not even the navigations. Here are some recommendations:
5. Bluetooth audio receiver: If your car stereo is NOT Bluetooth capable, you don’t have to purchase a new stereo. Save yourself lots of money using an aux Bluetooth audio receiver to which you can wirelessly connect the audio from your phone or other device. Here is our recommendation:
6. Outside cleanliness: You will need to keep your vehicle clean on the outside. You obviously can’t run into the car wash all the time. The waterless car wash and wax, which you can just spray on and wipe off to leave your vehicle clean and shiny, will be very handy as you can apply it anytime and anywhere. Here are some recommendations:
7. Inside cleanliness: Obviously, you should keep the inside of your vehicle clean and smelling excellent to improve the experience of your riders and get great ratings. Here are the
8. Video Camera: You will need a camera handy just incase you ever need to record certain situations. Here are our recommendations:
9. Other supplies: Led Flashlight, Auxiliary Audio Cable, Vomit Bags, Water Blade Squeegee, Washcloths, Umbrella, Car Trash Bags, Blind Spot Mirror, Tire Inflator, Car Shovel, Tip Sign, Snow Brush & Ice Scrapper [For Car].
And yes, the other way to increase your profits is to maintain and/ fix your vehicle yourself as much as you can. I strongly suggest that you at least learn and know how to do all the brake work on your vehicle. There are tons of videos on YouTube that walk you through fixing and maintaining a variety of things on your car. Here are some suggestions for some tools you should possess to be able to do-it-yourself:
Make every trip count: On the Uber and/ Lyft app, you can make all your driving trips count by setting the destination. When you set a destination, you will be open to just the rides towards that destination. This comes handy when you are driving to certain places but are not really into or do not have the time for numerous rides. For example, you can set a destination commuting to and/ from college (for college students), to and/ from your other job(s), to and/ from the grocery store, etc. Even if you end up not getting a ride, the miles will be recorded by the Uber and/ Lyft app and those will count towards your tax returns. This is yet another way to increase your profits driving for Uber and/ Lyft.
Following all the above may highly increase your success and increase your ratings. Be sure to download onto your smartphone and master using the following apps: Uber Driver, Lyft Driver, Waze (primary navigation app), Google maps (backup navigation app only in areas where Waze fails), Pandora or Spotify (for music), Radio FM (FM radio stations all over the world), Uber Rider (to see where the other Uber drivers are), and Lyft Rider (to see where the other Lyft drivers are).
Recording miles driven: Uber and Lyft automatically record all the miles you are on the app and those will be printed on your end-of-year W2. However, there will be some miles that will be Uber & Lyft Driver related but you may not be on the Uber or Lyft app for those miles, like taking your vehicle to the car wash, to the mechanic, to purchase supplies and parts. For miles when you are not on the Uber and/ Lyft app but are related to Uber and/ Lyft driving, you may just record the miles on your computer, write them down in a notebook or use the MilesIQ app.
I wish you a very pleasant experience driving for Uber and/ Lyft.
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