How to Make $1000 Per Week Driving Rideshare

Don’t get me wrong. Clearing $1000 per week driving rideshare is not easy.

Just like any other job, you gotta show up and put in the work in order to get paid. Driving for Uber or Lyft is no different. Surprised? Don’t be.

I’m not sure why so many people get this twisted, but logging tons of hours behind the wheel is a non-negotiable requirement in order to become a profitable rideshare driver. If you’re wondering how to make $1000 per week driving rideshare just know that’s a marathon and not a sprint. And yet, I hear it all the time. New, eager rideshare drivers randomly flip on their Uber or Lyft app and automatically expect to pull in $1,000 per week. Easy, right? Wrong.

Yes, it can be done, (plenty of drivers have brought in over $1k per week), but you’ve also gotta take a look at some real scenarios before you go all in. So, check this out. Here are my top 5 tips on how to make $1,000 per week driving rideshare.

1.) Be prepared to work the long hours

Twelve to sixteen hour shifts, late nights and waking up at the crack of dawn is standard practice for successful road warriors clearing $1k per week. Even though you technically have the luxury of creating your own schedule, you still have to have the discipline to actually follow through with it. And days off? If you plan on making $1k per week or more, you can kiss your weekends (and consecutive days off) goodbye. Instead, you’ll need to choose one of the slower days (this varies in each market) as your day off.

2.) Commit to mastering your market

Driving around aimlessly in less densely populated areas during non-peak times is a recipe for low earnings and sad face emoji’s.

Without local knowledge, you’ll end up getting frustrated, fast. Admittedly, this skill comes with experience, but you can start doing a little recon to ensure a profitable ride streak. Start taking note of where all of the hot spots and surges are located in your city before you start taking rides. Pro tip: Check out the “demand graph” on the Lyft app. It’s got “Expected demand” times and locations pre-determined for you. This will give you a good indication of where you should position yourself for high demand and more ride requests.

3.) Be prepared for some shenanigans

When you take on the extra late nights and the weekend party hours, just know that you’re more likely to be subjected to some alcohol induced…um, pukers. There, I said it! Yes, the bar crowd is lucrative, but you have to be willing to take the good with the bad. Pro tip: Stash sick bags in your car or even get a waterproof cover for your backseat. You can never be too prepared. Just sayin’.

With all of those rides and miles racking up, you’ll face the occasional “special” situation.

4.) Mind your vehicle costs

If you’re still foggy on how to make $1000 per week driving rideshare, take a closer look at your vehicle expenses. In order to clear $1k per week, keeping your vehicle expenses low are a must. A gas guzzling Kia Sedona is probably going to require more trips to the gas station while a Toyota Prius won’t hit your wallet as hard. Remember, you’re an independent contractor and it’s up to you to pay for fuel, vehicle repairs, cleaning, maintenance, the works. And yes, Uber and Lyft do provide some “perks” for drivers like discounts on fuel and light vehicle maintenance at Pep Boys. But the bulk of vehicle maintenance, to keep your stellar reviews entact, is on you. And last but not least, always do the math on how much your fuel costs. You don’t want to end up with a shift where you net $0 after you’ve paid for fuel. That’s no bueno. Note: driver pay for both Uber and Lyft varies across all markets. 

5.) Take a closer look at your rental

This tip is really related to the prior one – Mind Your Vehicle Costs, and it especially comes into play for drivers who are renting. Here are a couple things you should note before you e-sign on the dotted line with your rental provider.

If you’re renting a vehicle for rideshare, make sure you check to see if roadside assistance and vehicle repairs (like flat tires, brakes, etc.) are included in your rental agreement. This will save you a ton of hassle (and added cost) in the future if something does go wrong. Also, check to see if your rental provider allows you to switch into a different vehicle when you are a current renter. You may find that one or two weeks into renting that the vehicle is really tough on gas or there’s a weird screeching noise whenever you brake (you see how technical I am, right?) Check to see if they are flexible on the terms here because this is ultimately an investment that you’ll want to leverage.

Driving during peak hours is not enough

Many people are surprised to find that just driving during peak hours (on the weekends) is not enough to turn a $1k profit. You actually have to do way more. Like, triple what you think. It’s kinda like how we all underestimate the amount of calories we actually consume in a day. We always think we’re eating way less when in actuality, we’re eating a ton more. I’m looking at you, yummy Sicilian pizza!

And when you come right down to it, when you’re logging forty + hours behind the wheel, you’re dancing a pretty fine line between doing rideshare as a part time side gig and doing rideshare as a full time gig.

To sum it up, I think what this all comes down to is intention. If you know your “WHY” before you start driving rideshare, you’ll get a clear picture on whether or not clearing $1k per week is feasible for you. For example, are you only driving as a side gig? Or are you driving as your primary source of income? Be clear on this first and you won’t be disappointed when you cash out.

I’d love to get your feedback on this topic! Did I answer your question about how to make $1000 per week driving rideshare? Any tips you’re wanting to try?

XOXO,
signature

What do you think?

Your email address will not be published. Required fields are marked *

No Comments Yet.