Answer: Your success with Lyft depends on the number of rides you offer to customers times the distance you travel with them. The Lyft software starts tracking a driver’s pay precisely one minute after they alert it upon reaching the client’s pick-up point. The relationship between a Lyft driver and the company is not one of an employer and employee, rather it is based on individual contracts. Therefore the company is not subjected to laws of minimum wage. Hence your earnings are dependent on the time you are willing to spend on the app. Lyft takes an unnamed percentage of the fare before giving away the rest to the drivers, Moreover vehicle maintenance, gas, and even insurance are the driver’s department. Keeping all these factors in mind, enumerated below are some ways you can earn extra cash through Lyft.
Getting more customersUtilizing promotion periodsSteering away from places with many driversBeing extra accommodating to your customersMaking use of surge pricingThe importance of a good ratingBeing applicable for providing luxury service
Getting more customers
It is self-explanatory that the more time you spend on the Lyft app the greater income you are likely to get. However, there are some exceptions. It is not necessary that Lyft drivers get customers whenever they are free. Oftentimes drivers have to wait long periods before they get an order. The way around this is to be at the right place at the right time. Think about the destinations where your services are most needed and station yourself there. For example, bars at night. Drunken driving is a serious crime, and most people order cabs to get home.
Utilizing promotion periods
Lyft offers bonuses and incentives randomly throughout the year to reward those who frequently use their app. A way to tap into this bonus is to check the app regularly. It hardly takes any time and the benefits are well worth it
Steering away from places with many drivers
The Lyft mobile app allows users to see the availability of drivers in their vicinity. If there are many drivers available in an area where the customers are few it would be better to move elsewhere. The competition divides the work too much resulting in you getting hardly any clients
Being extra accommodating to your customers
Customers always appreciate a little extra help. If you see your client in need whether it be to load their bags at the airport or opening their door be sure to lend a hand. If they do not need physical help, even a greeting can go a long way. Being helpful increases your chances of being tipped ten folds. It also helps in getting a high rating which is very important.
Making use of surge pricing
Oftentimes during rush hour or in busy places, the price of hiring a cab can rise. On the surface, the best option seems to be to visit the places of high traffic to benefit from the high price however, this is not always the case. There is a high chance that other Lyft, uber, or taxi drivers are also there trying to tap into the surge, this could mean that you could end up with little to no customers and sometimes even in loss as Lyft doesn’t pay for gas.
The importance of a good rating
A good rating plays a vital role in any Lyft driver’s career. It could highly affect the number of customers you get. Additionally, Lyft has a policy that if your rating falls below an average of the ratings in your district, you could have your Lyft license confiscated. Therefore make sure you are polite to your customers, drive safely, do not Overspeed, and keep a clean car. The outside of the vehicle does not matter much, but the interior should be strictly at par.
Being applicable for providing luxury service
Lyft offers the option to drivers to give luxury service but only if a driver has a rating of at least 4.85 and drives a high-end vehicle.
As someone once said, “Work smarter not harder.” We hope this article has shown you how to get more clients on Lyft and also get maximum profit out of those clients.
Q) How long does it take to get active on Lyft?
It takes approximately 25 minutes to input your details, Which include your basic contact information, driving license, and credentials. Moreover, Lyft also requires inspection of your vehicle and some personal background checks.
Q) Is Lift responsible for accidents?
Yes, driver.
Q) What happens if you do not have a car?
Lyft offers rental cars for drivers.