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10 Things I Wish I Knew BEFORE Driving for Uber & Lyft

2 Comments Entrepreneurship

As a former Uber and Lyft driver, I constantly get asked if driving for Uber & Lyft is a good idea. Personally, I think it is, especially for entrepreneurs, musicians, actors, etc – basically anyone with a side hustle.

As a result of being asked about Uber & Lyft so many times, I decided to write this post for people interested in driving. I’m going to talk about the 10 things that I wish I knew BEFORE driving for Uber & Lyft – things that I think you should know before starting to drive.

One quick side note: I want to say that this post isn’t a smooth way of having you sign up through my links. I’ve seen tons of blog posts and videos with horrible content, and it’s obvious that they only created it with the hopes that you would sign up with their links. All the content in this post I’ve learned through experience, and even though I do have my sign up links listed in this post, I made sure to make this information in this post really helpful (regardless if you use my links or not).

Sign up for Uber here: Uber Link

Sign up for Lyft here: Lyft Link

1. Sign up with Both Apps

This is absolutely critical to getting the best of both worlds. Both Lyft and Uber will regularly run bonuses and specials, and by driving for both, you can pick which one is best. Especially on holiday/eventful weekends, the apps will even compete to “outbid” each other on which one is paying more that weekend.

As I’ll talk about more in this post, you can easily drive for one app for 3 months, not drive for the other one, and then starting driving without notifying them. You have a tremendous amount of flexibility, so I highly suggest signing up with Uber and also signing up with Lyft.

 

2. Only drive during the Surge Hours

The main periods where you can make the most amount of money is morning & evening commutes (7-9am and 5-7pm), Friday and Saturday Nights, and Saturday and Sunday during the day. The truth is, with Uber & Lyft, I don’t think you can make a lot of money if you drive in the non-surge hours.

For example, if you can only drive Monday – Friday 11am-1pm, I personally don’t think it’s worth it because you’ll make such little money. Then, combine that with all the expenses of driving, and it can get difficult. Don’t get me wrong though – if you drive during surge hours you can make a lot of money.

 

3. People are Nice

I constantly get asked my aspiring drivers if people are rude or difficult when driving. The truth is, I’ve done hundreds of rides, and I’ve truly only ever had 1 rude passenger – and they weren’t even that bad. Even on Friday and Saturday nights, people are usually really respectful and won’t be rude or obnoxious.

If anything, they usually either encourage conversation or are on their phone. And if they’re in a group, they’ll usually just talk amongst themselves.

 

4. You DON’T Need Snacks or Goodies

When Lyft first started one big selling point was that the drivers had candy, snacks, water and more. Now, however, that expectation doesn’t exist anymore. If you’re considering driving, don’t worry about having to get candy and water all the time, as that’s a thing of the past.

The one thing I will suggest is napkins however, as you should have some in your car regardless if you’re driving or not.

 

5. No planning ahead

Everyone knows that Uber & Lyft is flexible and you can drive whenever you want, but I have tons of people ask me if I have to “schedule” my hours. The truth is, you can turn on the app whenever you want, drive for as long (or as short) as you want, and go about your day.

The best part about driving is that it’s completely flexible, and not only that, there’s no scheduling required. Pretty awesome.

 

6. Daily Pay

This didn’t exist when I first started driving, but now daily pay is available via both apps. This means that you can drive for a certain period of time, hit a button, and get paid instantly. With both apps all they do is charge you $0.50 to cash out, which is amazing that you can literally work and get paid within a few hours.

 

7. There’s a lot of hidden expenses

Now this is a negative thing unfortunately, but there are a lot of hidden expenses with Lyft and Uber. Obviously everyone knows that you have to spend more in gas, but you also have more oil changes, more depreciation on your car, you need more maintenance (tires, engine, etc).

In addition, you’re an independent contractor – meaning taxes don’t get taken out, and you have to deal with that at the end of the year. Huge pro tip too: Always consult with a tax accountant, because they can help with you with certain deductions and tax situations.

 

8. You DON’T Need a Car

You read that right. Both apps now have programs where you can rent/loan a car from them and drive. This makes it a lot easier for people who either don’t have a car or simply can’t afford one. In addition, Lyft even has a program where if you do a certain amount of rides in a week you can have the car for free (as long as you hit their quota every week).

 

9. Fun, yet Tiring

This might or might not be surprising, but driving is extremely fun and the hours absolutely fly by. You’re picking up people, having really interesting conversations, dropping them off, and then repeating that process. To be honest, out of any job I’ve ever done, the hours fly by faster with driving than anything else.

On the flip side it’s insane how tiring it can be. This probably isn’t surprising to anyone who’s done distance drives, but it’s insane how dead you can be after driving for hours.

 

10. NO Quota

This is a very overlooked benefit of driving: You don’t have a quota. If you want to do 2 rides in a month, go for it. If you want to do 200, knock yourself out. There are no quotas with either app, making this a huge benefit as you can drive for either for as long as you want, and simply ignore the other one until they have a special bonus.

As a result of this, I highly suggest bouncing between both apps to see which one works best for you and which one pays more. Then, stick with that app, and only use the other one when they have a special deal, or when you think the other one is starting to pay more.

Overall, those are the 10 things that I wish I knew about Uber & Lyft before driving. I really hoped this post was helpful, as I sat down and thought of the most important points for any aspiring driver. Good luck out there!

Sign up for Uber here: Uber Link

Sign up for Lyft here: Lyft Link

2 comments

  1. Rich - December 7, 2016 4:58 pm

    You always give such great advice! You should take all your blogs and make a book out of it like Tim Ferris

    Reply
    • Marc Freccero - December 7, 2016 5:03 pm

      Haha I’m considering doing that, he actually just came out with a new book

      Reply

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