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The Declining State of Lyft and Uber Bonuses in 2019

Over the years, Uber and Lyft have changed up their bonus and guarantee programs and terms so frequently, it can be tough to keep track of all of them. But have these changes improved driver pay at all? Senior RSG contributor Jay Cradeur outlines the state of Uber and Lyft bonuses in 2019.

Recently, I listened to the Rideshare Guy Podcast interview with Lyft’s COO (Chief Operating Officer), which I had some issues with.  The overarching message was that drivers should not care about how much they are being paid. Instead, we should focus on reducing our expenses to increase our bottom line profit or take-home pay.  Well, it does not take a rocket scientist to understand there are two ways to increase the bottom line: increase revenue and decrease expenses.

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The Declining State of Lyft and Uber Bonuses in 2019

Burnt Out Talking To Passengers? Deliver Food With Caviar!

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Make up to $25/hour. No minimum hours required, work outside, and get paid weekly. Click to Sign-up!

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Lyft Cuts Express Drive Rates – How it Will Affect Drivers

Recently, several drivers reached out to RSG for more information on the Lyft Express Drive rate cuts. These rate cuts have been taking place across the country, although the roll out has been happening incrementally. RSG contributor Paula Gibbins explains what’s happening with these rate cuts and how they could affect drivers below.

Lyft has updated the terms on their Express Drive program, lowering distance and weekly rental rate coverage due to ‘accident insurance costs.’ Over the last few weeks, drivers from across the country have reached out to RSG via email and Twitter to point out these changes, and we’ll cover what’s going on and why Lyft is making these changes.

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How to Become a Truck Driver

Driving for Uber and Lyft isn’t for everyone, but what other jobs (besides being a taxi driver) are out there for people who like to drive, but don’t necessarily want a chatty passenger (or smelly food) in their car? That answer might be trucking. Contributor Jon Knope covers what it’s like to get started as a truck driver, how much truckers can make, and how you can get started in the industry. This is the first of two articles on truck driving – let us know what you think in the comments!

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What Do Rideshare Drivers Need to Know About Cargo?

Have your passengers ever gotten in your car expecting free water or snacks? While it’s always a nice thing to offer as a driver, buying water and snacks adds up! But what if there was a way to pay nothing, receive a bunch of goodies (including charging cords – no more handing yours over to passengers!), giving them away for free (and getting paid for it) and making a profit on whatever you sell to passengers? Today, senior RSG contributor Will Preston covers what every driver should know about Cargo.

Click here to sign up and get started with Cargo.

Have you ever watched the food trolley go down the aisle on a plane or train and wondered, “I wish my rideshare car was like that.” Well, a startup called Cargo wants to do just that, offering free and paid snacks to your passengers, while simultaneously making money for both you and Cargo.

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The Most Lucrative Holidays To Be An Uber Driver

Have you started driving for Uber, Lyft, and other services yet? If not, click here to sign up and get your sign up bonus. If you sign up for multiple services, you’ll be able to compare surge/prime times. And if one of the apps crashes (which tends to happen on busy nights), you’ll have a backup. I also recommend picking up a good dash cam. Riders tend to get belligerent on big nights.

Driving for Uber and Lyft During the Holidays

Let’s take a look at what days of the year rideshare drivers see record numbers. My reasoning behind this list is pretty simple: follow the alcohol.

We already know that Friday and Saturday nights are peak demand times since everyone is out and about drinking, so it only makes sense that the biggest rideshare days of the year would coincide with the biggest drinking holidays of the year.

Best holidays to be a Uber and Lyft driver

Best holidays to drive for Uber and Lyft

1.) New Year’s Eve

If you’ve been driving for any amount of time, you’re probably already familiar with the stories from NYE.  New Year’s Eve is off the hook busy: multipliers are maxed out and this year’s NYE will likely be the biggest rideshare night we’ve ever seen!  When I say maxed out, this means 8x for Uber and 3x for Lyft.

Most rides after midnight between 12:30 and 2:30 were steady at this high multiplier. The rest of the night is commonly above 4x except from about 10 until 12 when there is a bit of a lull.  Plan to wait to e at dinner and take a break during this time.  I started this past year about 3pm and I remember having a 5.5 multiplier around 5:30pm so demand is strong most of the day.

It is not unheard of to make $500-$1,000 on NYE (even in the lowest cost market of Chicago) but you have to be prepared for the drama.  There are mainly 2 types of riders on a night where there are high expectations.  There are people who had fun and those that didn’t.  There isn’t much in between and those that didn’t have fun will be surrounded by drama and tears, so be ready.

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