Earning $500 Daily with Lyft

This video is 2 years old. Last year they had great bonus and ride challenges. Today, in Jan 2024 ride challenges, bonus and streaks are non-existent, at least in my market. They have become oversaturated with drivers and no longer need to entice anyone to drive since drivers will go out there anyway. Lyft is great if you want to drive sick medicaid patients home from the hospital. And if you think driving lyft Extra Comfort or Black will increase your pay, you be fooling yourself and sitting around for hours waiting for the lone Lyft black request. I used to have a car that qualified as Black and only got those requests during peak surge times, and I found out why. That was because on the lyft app when it is surging, the Black rides cost about the same as the standard Lyft so there is no difference for the passenger.

In addition look at the fees Lyft and Uber take from our earnings each year. Crazy we easily loose 50 to 65 percent of our earnings. It is good for a weekend side deal. But to go full metal jacket. That’s insanely crazy

Yeah streaks and good bonuses and other promotions that by the way no longer exist these days. I been on the platforms since 2014 and I know this is a dead business

How much you getting for doing these.

I guess its different from each location. I live in Rochester NY and no way will you make $500 a day where I live unless you worked 14 hour days. I work 8 hours and I am lucky if I get $200.

Hey man thanks your videos I'm planning to start lyft only on weekends Saturdays and Sundays to see how it will go plz I need advice

I wonder how much car maintenance you need I recently got an electrical vehicle and a small one beer then left Rental wanted to try it out today I got deactivated for Dev that I am mobility device despite trying every single angle to put the wheelchair in the car

Is good to work uber and Lyft at the same time ?

YOUR LOCATION LOCATION LOCATION IS VERY IMPORTANT INFO, BRO!!

You left out a very important figure! Your LOCATION!!

Not everyone will make the same as you even in the same city! You have to be in the right market and the right vehicle and know your market to make that kind of money!

Are you driving only LyftX or do you also do XL, Lux, or Lux Black? Again, that's a very important detail you left out!

I not even make $170 a day in Connecticut 😢

I was thinking about driving for Lyft but scared to

I dont want you to sit at the airport; Just dont do it. hahahaha

Speaking on the tax portion of lyft. I have a office with a lock on the door that i use only for lyft research and keeping tabs on expenses. this allows me to count off some electric and internet on taxes. also when I travel I look for cars that i plan to buy in the future. this allows me to count off all expenses that weekend I travel out of town.

I'm all about Lyft as a gig if people enjoy it, I do it just for fun as a second job even though I don't really depend on the income. However, I disagree with looking at it as "dollars per day > dollars per hour" from a full-time job. If you want to work more hours at a higher hourly rate, then just get a second job or work overtime at your full-time job and get time and a half. I know with my full-time job if I really just wanted to earn more money I could easily work overtime more regularly and make way more than I would with Lyft since I'd be making time and a half. Also you have to factor in benefits, 401k matching, etc. that most people would get with a full-time job which isn't part of that hourly rate and those things typically add up to another 30% of your base income. $120,000 with Lyft is substantially less than $120,000 with a traditional job due to self-employment expenses. Also, over the long-run, sticking with a smart career choice tends to have options for advancing your education and climbing up the corporate ladder to eventually earn more and more money, while platforms like Lyft are always looking for ways to reduce how much drivers make. Not to mention that driver opportunities will likely be completely eliminated once self-driving technology has advanced far enough in enough cities. So if someone is using Lyft as their primary income source for many years, they may eventually find themself way behind in the corporate rat race and isn't going to have any marketable skills for continuing to earn good money. Just some scenarios I would recommend thinking through before committing only to a ride share platform, as long-term I don't think it's a good plan. (Also I just see a video to the right of my comment that you say you got banned from Lyft so... there's always that too lol)

We’re a Moran or maybe is ignorant no way can’t he make $500 this a fault advertising Lyft is a company who’s don’t care about drivers they are self fish

This is the most misleading video on ride share I have seen for long time. Do you work for Lyft bro?

If you work in Waikiki, you can get rides via queue, but that take a lot longer time for mostly short rides, unless you are heading to the airport. I also try to do one or two, but better to work outside of that tourist destination. I agree hanging at the airport queue, isn't always the best way to make money, especially during off times. But, during peak times, usually can make money.

Lyft probably paid this guy a bonus to offer of this Lame bullshit! You are a 900$ dollar a day Lie!😮

I am so proud of you, I like your ambitions, and also your kindness to share what you have to us.

I’ve been doing Lyft for almost a month. City size I believe is important. I live in a small midWestern city and by the way it looks, I can rake in 3-4K a month.

HOW IN ONE DAY!!!!! What city?

I can routinely make this amount a day and I’m gonna tell you how to do ruining my chances to counting doing it!😂😂😂😂😂😂😂 get real.

Very well explained 👍 Very good advise 👍

What city and state are you driving in I’m in dfw with 2 huge airports and not seeing these numbers

What about insurance on your car? Do you have to get higher liability coverage? And also does your insurance rate goes up since you're using it for a business??

great input but you lost me at the numbers. maybe keep it simple for us slower folks. haha.. thank you for the video

How do you track your expenses? And also the mileage?

Show me on 2023

Hi!!! I have a question…..
Does anyone know if on the Polestar rental for Lyft, if you are able to add $0 deductible I Insurance coverage to the rental like it’s offered on the Tesla rental for Uber??

I see that $1000 deductible is included on the rental but I want to be able to add $0 deductible on the Lyft Polestar rental..

Thanks

Yeah right ... this guy is so wrong ... "bonuses depends on driver activity" does not mean the more you drive the more bonuses you get that means "the less" you drive the more bonuses you get and only when you are new to condition you and create you that habit, plus his "strong Believes" mean "nothing" thats not a fact. UNLESS he is driving in New York thats the exception to the rule otherwise you are lucky if you make 100 or 150 a day not counting gas and the taxes you would have to pay So your average hourly rate could easily be $7 per hour and you get to destroy your car how great! Dont believe me ? And want to believe this guy not even showing facts for what he is saying??? Simple, go and try it your self... then you would see who is right..... go get your $500 per day working 18 hour a day ahead and the. You will see who is telling the truth.

What if I work a regular job? From 7am-5pm. How can I obtain $400-500 a day ?

I live in NJ. I could never make this in a day lol area is too spread out

So you have to drive for 17+ hours in order to make that? Also, the pay differs by the city…I live in Orlando and there’s no way that any driver here will EVER make that especially on a consistent basis. I love this for you but is this what you make every week or did you get lucky? I think it’s important to give some disclaimers that this is not the norm. You don’t want to give False hope

Thats a lot of BS,, 🤣🤣🤣🤣. you are very much likely being paid lyft to promote.

Thank you so much I just started doing Lyft as another form of site income four days ago so far it’s been great. But I have noticed that too much time in the car has given me already really bad lower back pains. What do you suggest for back support when driving in the car for so many hours at a time thanks in advance.

Thank you so much for this video very informative very inspiring very honest and easy to understand..As a lyft driver of four years you changed my outlook and perspective as well as goals!! 🎉

Not every market same some make crazy amount of money some not so this type video not go buy how you did it's market place lucky you live in prime location

Love this video, also want to know are you still making this dough today or did the rate go down? Also what market are you in? Thanks ! Just thinking of driving soon here in Canada as it opens up in our market

Thank you ❤

Question of the day: how much Lyft drivers make in New York City as of 2023? Full time.

This was a really great video! Thank you!

Great info! Thx

Great explanation. TY.

This is the most authentic Lyft video I've seen. Awesome content thanks for the detailed breakdown and providing a positive outlook,

Good stuff. But how will you maintain that 120k per year? Are you really going to drive 18 hours per day forever? How long can one work so much and actually consider that a life? 8 hours a day is my max. I appreciate the info here and will use it!

Do u have a dash cam

I made $511 in one day with Uber very little boost maybe some $1 boost but mostly regular pay. Just put in the time and rest 6r break during the slow time in your city!

I live in Florida. I split my time either at Jacksonville, Saint Augustine, Daytona Beach or Orlando. Myself and also one of my buddies drive a Chevy traverse. Our goal every day is a minimum of $500 and just like you once a week we always have day in the 900s. Great video.

One time I made $600 in a day on Lyft out here in utah. Between top driver weekly bonus, streak bonuses, surge bonuses, tips and fair… Lyft thought it was fraudulent and took my Lyft account negative $400. So I quit working them. Fuck them