How to become a Rideshare driver?

When a product becomes in demand it requires more supply to meet the requirement. Same goes with Rideshare. As it became popular, the demand goes up. In this case, since it is a service not a product then ridesharing needs more drivers! So how an individual become a qualified driver?

According to Uber and Lyft, anyone can be a ridesharing driver as long as you owned a car, a van or a bus.  There are actually some people who made ridesharing a part-time job to bring in some extra money. Uber and Lyft often told them that you can earn good money and meet awesome and friendly people and be your own boss but still, you’ll be the own judged for it.

One of the driver said that yes, it is true it is a good source of income but it is still like running your own business. As businesses offers products has inventory, sales, expenses to track, Rideshare has miles, tax deduction and insurance coverage to track.

Ryder Pearce, one of the founder of SherpaShare in California, a company who provides income analytics for rideshare drivers, cite that 70 percent of its driver works full time on their other jobs and are doing rideshare as their supplementary income source. In fact, according to the SherpaShare 2014 year end survey, 80 percent of Rideshare drivers are planning to continue the job on the following years.

Are you tempted now to become a Rideshare driver? Here are a few tips you need to consider if you are thinking of joining the 80 percent of Rideshare drivers.

Even though Uber has claimed that their full time drivers in The Big apple are making more than $90,000 per year, Sherpa Share’s survey says that 250 drivers said that only 2 percent of them has earned more than $75,000 in 2014-2015 and others just $10000 or less. 

So even though Uber and Lyft both claiming that their drivers are earning a lot being a full time, it might be best that you only drive for part time and don’t leave your full time jobs. That is our first rule to consider.  A rider in Boston said that earning money as a ridesharing driver just like businesses offering items and products has also its peak hours, season and day. He said that driving 10-15 hours per week can bring you more money than driving full time by citing the right time and right moment to drive. Like for example, usually the peak hours are during evening and weekends and the demands for drivers are slow during daytime.