How Much Do Lyft Drivers Make a Week? – Earnings during driving from 45 to 50 hours per week can reach about $800 per week with Lyft, after the cost. However, you will have to drive full time at that time. The more you drive, the more driver earnings you get. You can withdraw your income every day of the week. You can also get the chance to earn extra bonuses.
Whether it is a full-time or part-time job, becoming a ride-sharing driver does have its perks. For example, work time flexibility and easy money. The question is, how much do Lyft drivers make a week? Read on if you want to know the answer. Here we will tell you how much Lyft pays the drivers, how much money a driver makes and some tips to help you earn more money.
How Does Lyft Pay The Drivers?
Let’s start with the payment mechanism first. So, how does Lyft pay the drivers? Lyft doesn’t pay a salary to the drivers. Lyft doesn’t even pay minimum wage or an hourly rate for the drivers to begin with.
If Lyft doesn’t pay the drivers, how do they get the money? To put it simply, the drivers are considered as independent contractors.
The drivers are rewarded with a percentage of the passengers’ fare when they take a ride using Lyft. This is not the only way the drivers get money. The drivers can also get money from the tips that the passengers give and Lyft’s cash bonus incentive.
How Much Do Lyft Drivers Make a Week?
Now you know how the drivers they get money. But how much money a driver makes a week? Honestly, there is no clear or absolute answer for this. Each driver gets a different amount of money than the other. The best we can get is the average and median.
According to an Earnest study, the average earning of Lyft drivers per month is around $377, while the median earnings are around $210. Here are the percentages:
- 32% of the drivers earn $0 to $99
- 48% earn $100 to $499
- 13% earn $500 to $999
- 5% earn $1000 to $1499
- 3% earn $1500 to $1999
- 1% earn over $2000
How much do Lyft drivers make a week? The answer is it depends. That is, it depends on how many hours a driver is willing to work to earn money.
If you work full-time (that means putting between 45 and 50 hours per week) as a ride-sharing driver, you can earn about $800/week after all the expenses. Likewise, if you work part-time, you won’t earn as much. So it is all about the number of hours you are willing to spend.
Tips to Earn More with Lyft
There are several things you can do to earn more from being a Lyft driver. Here are three tips to help you earn more money.
- Be nice and friendly
Being nice and friendly can get you more money. Many drivers report that when they are nice and friendly to the passenger, they usually earn more tips.
This is a great thing. The tips are for the drivers and Lyft won’t take it. So, always be nice and friendly to your passenger. Try talking to your passenger. If your passenger seems receptive about the conversation, keep it going.
- Choose the right time and place
As with many things in life, choosing the right time and place will earn you the best result. In this case, choosing when and where to drive can help you earn more money.
The best time to drive is during weekends (especially at night), special days where there is an event or game, rush hours, and after 9 p.m.
The best place to drive is in the area where the demand for rides is high. Keep up with events in your area, look and memorize the best restaurants, hotels and so on.
- Take full advantage of bonuses
Lyft offers an incentive in the form of bonuses to the new drivers. If you are a new driver, be sure to take full advantage of these bonuses.