Becoming a Uber or Lyft driver can be exciting for most people because it gives them the freedom to be their own boss. Not only that, but you can make a lot of money in a short period. But to make the most out of your new entrepreneurial venture, you’ll need some expert tips.
A lot of experienced drivers learned a lot of the following tips through trial and error. However, you can cut through the growing pains and earn more instantly by taking their advice.
Rideshare tax deductions, like work meals, vehicle depreciation, and tolls, are easy to take advantage of when you’re a driver, but you need to keep your receipts to write them off. We recommend knowing what deductions are available to you to track them early.
One of the reasons people prefer rideshare over taxis is because the rate quoted on the app is generally what they’ll pay. While this is perfect for the passengers, this can kill your profits if you’re stalled. To make the most money possible, avoid traffic and keep your car moving.
Driving around for a new customer or waiting in long queues at the airport is the worst way to make money. Not only are you wasting gas, but you’re potentially missing out on other, more high-paying customers. It’s better to pull over to park and wait for the requests to pour in.
If you live in the suburbs or park in your parkade to wait for the next customer, you’ll miss out on several paying passengers. The best way to play the rideshare game is to keep customers in your car, which requires you to position yourself near popular streets and large areas.
Entrepreneurs of all stripes often work themselves to the bone because they feel pressured to do so. However, you should never push yourself to keep driving as it can cause harm to your physical and mental health. Take an hour break for every 3 hours you drive to de-stress.
A lot of rideshare drivers have started to offer their guests candy, phone chargers, water, and adapters to improve the customer experience. If you also drive safely and clean your car, you’ll receive more positive reviews and testimonials, which helps you attract even more customers.
UberPool and Lyft Shared Rides are other concepts that work great for the customer, but they often short the driver. You’ll make less money using this feature than you would driving the same customer at different times, and carpooling often results in at least one upset passenger.
Remember that you’re wasting gas money driving back from a long trip, so it’s important to plan your last rides accordingly. You can even wake up a few minutes early to pick up one or two passengers while driving to work. Either way, you won’t waste money on “dead miles.”
While it’s true that anyone with a license can drive for Uber or Lyft, you need to be able to make small talk with your customers to excel in this field. At the same time, some passengers don’t like their drivers striking up a conversation. Read their body language to see what they prefer.