Have you ever wondered about how to make more money with Lyft? Working as a rideshare driver can offer countless amazing benefits ' if you know where to start, that is. Fortunately, we've outlined some of the key things you need to know about how to make more money with the Lyft app. After all, there's so much potential with around 600 million rides annually going through the Lyft platform.
After all, if you ask us, everyone deserves the chance to receive a fair rate of pay for their work with the Lyft app. This is why we're here to give you some key Lyft driver tips and tricks so you know how to make $2000 a week on the Lyft app. After all, it's absolutely possible, but you may need to consider new earning opportunities to make the most of things!
We've covered before how to make $1000 a week on GrubHub. Now, why not scale it up instead?
HOW DO I MAKE $2000 A WEEK ON LYFT?
We all dream of making a good income ' and an income of $2000 a week, or $100,000 a year, definitely falls into this category! Indeed, the median personal income for US workers is only around $44,000 ' meaning that $2,000 a week would see you earning more than twice that! But this is not only possible; it's surprisingly easy to do once you know some key Lyft hacks for drivers that make this possible.
So, why not give it a try ' we've outlined everything you need to know to make $2000 a week with Lyft in today's guide!
What is the Average Hourly Income with Lyft?
While many people praise Lyft for its excellent income potential, the earning opportunities are somewhat limited without getting creative. Indeed, as warned by Indeed, annual incomes with Lyft are around $29k, which is about 40% lower than the national average income. That's not good news if you want to earn $2000 a week with Lyft ' but hang tight because we'll show you how it's possible.
But let's suppose you decide to hit the grind and just work longer hours each day. How many hours would you need to work to make $2000 a week with Lyft? Well, Lyft claims that its drivers' average hourly income, with tips included, is $24. Therefore, to make $2000 a week with Lyft at the standard rate, you'd need to work for around 83 hours per week.
Over the course of 7 days, that averages just shy of 12 hours every single day! This only barely fits with Lyft's demands for drivers to take at least a six-hour break for every twelve hours spent driving. Therefore, while this may be possible in theory, in practice, it's just not a realistic strategy to make $2000 a week with Lyft.
Luckily, there are other options available. And, if you can streamline your earnings, you'll be able to quickly and easily bolster your income with Lyft to earn $2000 a week or more!
How Much Do I Need to Make Per Hour To Make $2000 a Week As Standard?
If $24 per hour isn't going to be enough to make $2000 a week comfortably on Lyft, we need to determine the optimal number of working hours per week. Most people focus on an average working week of 34 hours, but most freelancers work longer than 40 hours per week. As such, we'll assume a working week of around 45 hours here ' roughly 9 hours per day if working Monday to Friday or 7.5 hours per day if working all week.
At 45 hours per week, to make $2000 in total for the week, you'd need to hence be making an average income of nearly $44.50 per hour. While this is still a lot higher than Lyft's estimate of $24 per hour, it's certainly not an impossible earnings goal.
LYFT DRIVER TIPS AND TRICKS TO MAKE $2000 A WEEK
Making $44.50 per hour is a substantial increase compared to Lyft's base pay rate, but it's possible if you put in the time and effort to make it happen. Luckily, the following simple Lyft hacks for drivers can help increase your earnings substantially ' helping you make more from your ridesharing efforts accordingly.
#1 Customer Service is Everything
When providing lifts to riders, one of the key aspects to ensuring you earn the maximum income is ensuring that you provide great customer service. Riders who feel they have had a great experience are more likely to leave a higher rating, which will help them stand out against the crowd.
Reports often show that drivers with a rating of 4.8 or more are likely to be picked over those with lower ratings. This not only helps boost your income with an increase in the number of riders needing lifts but also increases the likelihood of getting tips. After all, the average short trip earns around $2-$3 in tips, but for longer rides, this can be around $5-$10.
#2 Drive During Prime Time
Whilst you may have lift requests all day long, ensuring you operate through peak and prime times helps to ensure that you get a higher number of riders. Prime times usually include rush hours both at the beginning of the day (7 AM ' 9 PM) and in the late afternoon (5 PM ' 7 PM). Other key times to help maximize riders' income are on a Friday or Saturday night when more people are heading into town.
Heading out at the right time of day is a great way to reduce your idle time. Plus, it allows you to make the most of Prime Time offers, where you could earn up to a double boost on your earnings. This definitely helps maximize your earnings and provides the best coverage for riders. Peak times are a vital part of working as a full-time Lyft driver, and typically, you can snag several rides with extra pay that can be achieved per hour during these busy times.
#3 Focus on Boosting Your Income With Holidays
One of the best ways to increase your earnings and the number of lifts available to you is to work during holidays. For example, working at Christmas or New Year (when people are more likely to be traveling to see family and friends or going out for the evening), is a great way to help pick up extra riders.
The average full-time Lyft driver typically earns between $700-$800 a week. However, if you need to boost your income average to make $2000, peak holiday times will increase with additional lifts being required during the holiday season and other key holidays. The more lifts that are carried out for riders, the higher the chance of earning a tip. Ride frequency is important to monitor as this will determine the maximum income you can make per hour. People also tend to be more generous with tips during the holidays, too.
#4 Don't Go Slow Just to Boost Your Income Per Minute
One of the great features of Lyft is that you get paid for each minute a rider is in the car with you. This means you'll get a small bonus when you get caught up in traffic and the like. However, many riders assume that dawdling on their journey can be a good way to make more income. While this is potentially true, the rate per minute is substantially less than the rate per mile ' often around 10% of the mileage rate, actually. As such, it often offers much better value to pack in more journeys completed quickly than several delayed journeys where you've traveled incredibly slowly.
But remember: that's not to say you should speed while making your rideshare trips either! The average speed limit in most urban areas is around 30mph, so always take care not to rush with your driving either. If you go too quickly, the customer is likely to get upset!
#5 Don't Wait Forever
Unfortunately, in some cases, it can seem common for customers to try and take advantage of your role as a self-employed freelance driver. With this thought in mind, it's vital to keep in mind that your idle time will be either unpaid or paid a very low rate. As a result of this, don't hang around forever!
Most people driving with Lyft tend to wait for around five minutes for a late rider to show up; if they haven't answered messages by then, it's potentially time to find the next rider instead. This ensures you keep moving, making your hourly income higher than if you sat around waiting for the next ten minutes.
DON'T FORGET TO TAKE ADVANTAGE OF LYFT'S OFFERS
In addition to the above Lyft hacks and tips to make $2000 per week, it's well worth considering that Lyft also offers plenty of excellent cost-saving opportunities for its drivers. The range of Lyft Rewards is largely tied to your ratings and the number of rides you complete, and the more you do, the more you'll be able to save on important aspects of your vehicle maintenance (etc). So, this is well worth considering if you've been looking for a new way to increase your pay through Lyft.
HOW THE PARA APP MAKES IT EASY TO EARN $2000 A WEEK WITH LYFT
If you think the above tips are all good options to earn $2000 a week with Lyft, don't worry ' there's more where that came from, too! Indeed, the Para app makes it absolutely effortless to manage your delivery and rideshare work. No wonder it's often considered your gig HQ, directly within your pocket!
Some of the key features of the Para app for Lyft rideshare drivers include the following points:
- Auto accept and decline
- View passenger ratings
- See the drop-off and pick-up locations
- Estimated total payouts
- Total drive time and mileage info
Para's different features for gig drivers are designed to make your life a little easier. Not only does this mean that you can spend less time filtering through poor, low-paying offers and rides that don't meet your pre-defined requirements, but it also allows you to decide more quickly whether or not an offer is worth trying. The app displays everything you need to know in one handy notification bar ' so you can get on with your job.
Integrating Multiapping with Para to Earn $2000 a Week
If you're still struggling to earn $2000 per week with Lyft, why not consider changing things up a little by multi-apping instead? Multi-apping offers you the unique opportunity to work on multiple apps at the same time. This makes it one of the best gig jobs to take on ' you might just be amazed by how much multiapping can bolster your earning opportunities.
Now, the initial value of multiapping is that it can help cut out idle time. Idle time is a killer for many rideshare and food delivery drivers. Since it's time that you're not actively working, you won't receive any payment for this time. And as we mentioned earlier, cutting out idle time is crucial.
Luckily, this is easy with multiapping, which allows you to work on several apps at once ' offering two, three, or four times the opportunities for work! In doing so, the chance of sitting around idly waiting is much lower, ensuring you're always on the go and earning money.
In addition, the value of Para for multiapping is twofold since you can do more than just cut out idle time ' you can also take on food deliveries at the same time as delivering riders. Keeping the food delivery in the boot of your car or on the front seat, you can then quickly pick up and drop off a rider taking roughly the same route as your food delivery. This will allow you to almost double your earnings without needing to rely on promotions and Prime Time pricing!
As such, the value multiapping can bring for your deliveries is worth considering. As such, if you're considering this, be sure to give the Para gig driver app a try ' you might just be amazed by how much easier this makes earning $2000 a week alongside the Lyft app!
FINAL THOUGHTS
If you've been feeling a little disheartened as of late with your Lyft earnings, don't worry ' there are plenty of amazing Lyft hacks for drivers that can help! Indeed, even if you're not living in the best cities to drive for Lyft in 2022 and beyond, you can try several simple tricks and strategies to make the most of every opportunity.
Why leave this to chance? Be sure to take control of your earning opportunities, thanks to the amazing Para gig driver helper. By keeping today's tips in mind, too, you should have the best chances of success to ensure you're getting more from your Lyft earnings accordingly.
Extra Reading:
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