Whether you are already a rideshare driver working hard during your off time or you are considering all the juicy details of becoming a successful driver within your city, this article has some awesome tips and tricks to keep in mind that will help you to make extra green all year round!
I am sure you have read numerous articles and have spent quality time with Dr. Google searching ways to make extra cash while behind the wheel. While you may have already heard of some of these hacks, I have put a new twist on a few so that you can get the most out of your time out on the town driving!
First things first, as a rideshare driver, no matter what company you drive for, you are known as an independent contractor, which means there is no guarantee just how much you will be making. But I can tell you from experience that I personally made about $400-$550 per week, sometimes I made even more, especially during the holiday seasons!
Here are some awesome tips that I have whipped up for you to not only consider, but put into action! You will be surprised at the extra money you could be making with this bomb side hustle with these hacks!
1. Sign-Up Guarantee
For example, if you sign up with Lyft through one of our links, you'll qualify for a Sign-Up Guarantee of $1,000 after you give 125 rides within your first 30 days* (click to see Lyft's terms).
2. Utilize Referral Codes
3. Don’t Follow the Leader
As a rideshare driver, it was highly taught to closely monitor and follow recommended times and locations where the need for rides was high. Think about this though; yes, more people, potentially more rides. But if you live and drive in a large city, there are literally hundreds of other drivers monitoring and hitting up those “recommended” spots, too. I have found that I made a heck of a lot more moo-lah by blatantly ignoring these recommendations.
4. Bump Up Surge Fares
Here is a little trick I learned from rideshare driving. You can take advantage of surge fares in an entirely new way! Log out of your driver’s app around 2 A.M., wait 15 minutes or so and then log back in. Doing this reduces the number of drivers in certain areas, thus driving up fares.
5. Reduce Driving
This tip may sound counteractive, but you are not making any money when you are out constantly driving without any fares. If you avoid driving endlessly while you wait for another fare will greatly reduce the gas you use.
Learn the locations in your city that will let you park. I recommended places that are lit well where you can be seen. And make sure to keep the doors locked. You don’t want a bad guy sneaking up on you!
To keep track of all this, I made an Excel spreadsheet to track the money I made while at each location. This will help you to decipher the best places to sit and wait.
6. Know Local Restrooms
Going to the bathroom is inevitable for all of us. It’s vital to know where these facilities are, preferably in areas you can get in, do your business, and get out quickly. You do not want a mandatory task to take up precious driving time.
7. Pack Snacks
You may also become hungry on your driving shifts. It’s can be wildly tempting to stop by McDonald’s or hit up a gas station for a treat, but this can really eat into your profits.
Instead, pack some snacks for your shift to bring along with you. A small portable cooler doesn’t take up much room, and both your wallet and your cholesterol will thank you.
8. Improve the Odds for Tips
It was only just this last summer that rideshare companies started to encourage passengers to tip their drivers. Sadly, many riders are not even aware that they can do this. Increase your odds of receiving tips by adding signs or decals to the inside and outside of the car.
There are signs you can purchase directly from the company you drive for, or you can be creative and make your own. I personally utilized Canva to make my signs. This way, I could personalize them and make them stand out!
9. Utilize the Passenger Apps Too
Don’t just learn to use the driver apps, but the Uber and Lyft passenger apps as well! You can view where other drivers are, which can help you to determine areas that are low in competition.
10. Prepare a Backup
If your main rideshare vehicle breaks down, this means you could be out of a side income for days or weeks at a time. I personally always had an extra vehicle just in case this happened. No, you don’t need to go out and buy another car. I utilized my spouse’s car and paid them back by filling up their gas and paying for their oil changes and other maintenance things. The same as I would do with my own car.