Rideshare

Quick Glance

What is Rideshare?

Ridesharing is a peer-to-peer ride-hailing service. That sounds like a mouthful. Just think of it as the modern version of the taxi system but instead of a company that provides pick up and drop off services, anyone with a personal vehicle (that meets certain requirements) can use their vehicle to pick up and drop off passengers. Ridesharing companies provide the infrastructure and software for drivers and passengers to connect and pay for services through their phone.

Whose It Good For?

Ridesharing is a suitable quick cash hustle for many people because it requires knowledge and resources most people already have. If you're someone that likes meeting people, you don't mind driving, and you're familiar with customer service, this could be a great option for you.

Chatting

You don't mind making chit chat with customers.

Driving

You enjoy getting out on the road and are a safe driver.

Customer Service

You're focused on a great experience for each customer.

How Do You Make Money

With Ridesharing you can make money three different ways: 1) Each time you pick up and drop off a customer. 2) Tips from customers 3) Bonuses from the company

Per Ride

Each ride you provide, the ridesharing company will give you 75% of the ride amount and keep approximately 25%.

Tip

If you're providing exceptional customer service, you could be earning tips from customers directly through the app. You keep 100% of your tips

Bonuses

Each ridesharing company is different, but they tend to have goal bonuses. For example, X number of rides per day.

Earnings Estimate Range

Earning estimates vary depending on many factors. Below is an approximate range on what you can expect to earn as a rideshare driver not including expenses.

Low End Range
/hr
High End Range
/hr

*Please see each ridesharing company below for average earnings estimates from various companies.

Expenses

Rideshare drivers are independent contractors, meaning they are their own bosses, so drivers must pay for their own expenses. Below are the following major expenses you'll incur as a driver:

Gas

Unless you're driving an electric vehicle, you'll need to pay for gas. Efficient vehicles are highly recommended.

Car Payments

An expense most likely you're already incurring. However, some rent or lease a vehicle strictly for ridesharing purposes.

Maintenace

You have to factor in maintenance on your vehicle (Oil change, tires, wear and tear).

Insurance

Insurance is required on your car but if you already have insurance, this really isn't an added expense.

Basic Requirements

Below are the basic requirements you'll need to start ridesharing. Each ridesharing company has its own set of specific requirements for each country and city. Please see specific ridesharing company below for more requirements in your area.

Vehicle

Most ridesharing company require that you have a 4 door vehicle. Your car must also be above a certain production year. Each company varies in their car production year requirement. 

Smart Phone

A smartphone (i.e. iPhone) with cell data is needed so that you can download the ridesharing app. Everything operates through the app.

Driver's License

A valid driver's license is required to participate in ridesharing services. 

Background Check

The final step in getting qualified to drive for a ridesharing company is a background check through a 3rd party. 

Car insurance

All ridesharing companies require that you provide personal car insurance. Most companies provide their own insurance for their drivers only while you are actively providing rides to customers. 

Start Ridesharing

Sign up with one of the ridesharing programs below and get started making that cheddar.
To increase your amount of customers, you can sign up for both ridesharing programs, as many people do.

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