RIDEGURU
Here's their numbers, if everyone was making the dollars Lyft says, why do 80% quit in less than six months?
Lyft says drivers are swimming in cash!
Posted 5 years, 2 months ago
Posted In
Rideshare News
News, media buzz around the industry, cool images, and more. Share them here, and discuss with others in the rideshare industry, including Uber drivers, passengers, journalists, and rideshare companies.
Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
Popular Links
- Maximum Ridesharing Profits
- Fare Estimator
- Rideshare 101
- Sign up for UberAd
- Sign up for Uber EatsAd
- Sign up for Lyft - $5 offAd
Comments
Then why am I sitting here eating the same mayonnaise sandwich every day?
This can't be right. I bet it's due to the way the research/survey was conducted. I bet they only took into account a) drivers that are willing to answer the question, and b) drivers that are doing particularly well.
I bet you it doesn't consider those who quit due to it not working out. ...for whatever reason. Location, simply being bad at it, etc.
I just don't get where they get their data from. What is the fine print? Like how do they get these numbers?!?!
That's for booked hours, meaning from the time you accept a ride to ending the ride. If you consider wait time, cruising, deadmiles it literally drops by 50%. That's the only way they can sell it. For me the best metric is take your gross income, devide it by door to door hours. You'll see where you stand, that's again gross earnings before expenses.
OH WHAT?!!! The only consider the time you are on the way to the passenger and driving a passenger? This is completely misleading.
For people who are considering driving! Please don't use these numbers. These don't consider the time you wait between fares, the time it takes you to clean and maintain the car, the time it takes you to get to profitable locations, the time it takes you to do paperwork and to deal with Uber, etc.