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Lyft says drivers are swimming in cash!

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Uberserge
1218 Rider Driver
 Posted 3 months, 2 weeks ago

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Here's their numbers, if everyone was making the dollars Lyft says, why do 80% quit in less than six months?

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    JavierX
    202 Driver
     2 months ago

    I bet this is gross earnings too.  It doesn't consider for 

    - Gasoline

    - Taxes

    - Vehicle maintenance

    - Other fees like registration, legal fees, insurance, etc.

    What makes me mad is that this simple graphics ignores all that.

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      Uberserge
      OP 1218 Rider Driver
       2 months ago

      It's of course gross earnings as well as booked time as if drivers are on a chess clock. 😆

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    BrianTheScrewDriver
    434 Driver Driver
     2 months ago

    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.

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    dracomalfoy
    185 Driver
     3 months ago

    I just don't get where they get their data from. What is the fine print? Like how do they get these numbers?!?!

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      Uberserge
      OP 1218 Rider Driver
       3 months ago

      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.

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        BrianTheScrewDriver
        434 Driver Driver
         2 months ago

        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.