Maybe you (and Santa) spent a wee bit more than you were planning to this holiday season. Perhaps your hours were cut at work, or you merely want to grow your savings account. No matter the reason, you have decided to take on a side hustle to earn extra money. After looking over the various options, you have decided to get into ridesharing and make money while driving. In order to make the most from your ridesharing gig and help it be as profitable as possible, check out the following tips:
Make Sure Your Car Can Handle the Work
Right now there are two main ridesharing companies that offer similar services as well as handy apps to help riders get in touch with drivers: Uber and Lyft. Both of these companies have specific vehicle requirements that you must meet in order to be approved as a driver. This makes a lot of sense — the last thing you want is to be stuck at the side of the road with a broken down car and a crabby rider who is missing her flight. Before applying to either Uber and/or Lyft, check their websites to be sure your car meets the requirements; for instance, Lyft vehicles must have four doors, passengers must be able to unlock and lock their own doors and there must be at least five seat belts.
If your vehicle is old, prone to breakdowns and/or does not meet all of Uber and Lyft’s requirements, you will have to invest in a new vehicle prior to getting into ridesharing. A terrific ridesharing vehicle to consider is a roomy minivan like the Chrysler Pacifica. This practical and easy-to-drive minivan can seat up to eight passengers when equipped with the second-row bench seat. The Pacifica also comes with a number of safety features, such as a rearview camera, rear parking sensors and an option for automatic parking assist. This roomy vehicle will allow you to pick up large crowds and make the most of each trip.
Look for a Referral Code
Once you have your vehicle ready to go, you can start the application process. Before you apply, try to find a referral code; this way, you can be eligible for a sign-up bonus or a guaranteed referral. If you know someone who is already driving for Lyft or Uber, ask them for their driver’s referral link to possibly get the bonus. Both companies will need certain documents including your driver’s license, vehicle registration and proof of insurance; spend some time gathering this important info so you can easily fill out the application when you are ready.
Be an Early Bird or a Night Owl
One of the best ways to earn money in ridesharing is to be available when most people need rides. If you sleep in and/or go to bed early, you will miss out on the folks who need an early ride to the airport or work, as well as the late night revelers who want a ride home from the local bar. To make the most money, either set your alarm and get up before dawn to be ready for the morning commute or get your side hustle on late at night, especially on Friday and Saturday evening.
If you truly enjoy driving and you have a reliable vehicle, getting into ridesharing can be an easy and fun way to earn extra money. By getting the right car, doing some research before signing up and then being available when people are most likely to need your services, your bank account balance will be looking better in no time.