- Business and Employment
Are Uber and Lyft Drivers Entrepreneurs, or Just People Who Drive People From Place to Place?
Uber and Lyft Drivers: Entrepreneurs, or Just Cheap Transportation?
Whether or not Uber and Lyft drivers are entrepreneurs, is a question that has as many answers as there are drivers. As a passenger, I have observed many reasons why a person might be driving for Uber and/or Lyft, and an observant potential driver, I have observed many more.
The first thing to keep in mind is that Uber and Lyft drivers not only make money for driving, but they also make money by referring new drivers and passengers. Of the drivers that I have met as a passenger, some do what they do because they have lost their jobs and they need some source of steady income. Some are single moms who are just trying to support themselves and their children. Some are working full-time, and just trying to earn a little extra money to be able to enjoy some of the finer things in life. Some have other business that they are promoting, and they are hoping that some of the passengers they drive will be able to have a positive impact in some way on their business.
Drive for Extra $$ or Get Up $20 Credit on Your First Uber Ride
Uber, Lyft, Juno, Tride, and Didi: Will They Continue to Need Drivers?
If you drive for Uber, Lyft, Juno, Tride, or Didi, will you have the security of always having a source of income? The answer is a resounding, probably not. Everyone is well-aware, that autonomous vehicles are coming, and it's just a matter of time before drivers will become obsolete. It may not be this year, or even in the next 3 years, but, the day WILL come at some point in time.
This is why many rideshare drivers also drive for Uber Eats, PostMates, GrubHub, Caviar, Amazon Flex, and other platforms where a driver is an absolute necessity. However; many of these services are not available in as many localities as Uber and Lyft, and at the moment, Juno is only available in New York City, BUT prospective drivers can sign up now, because Juno will be expanding into other markets eventually. Unlike Uber and Lyft, Juno gives drivers the option to be either employees or independent contractors. Also, 50% of Juno's initial stocks are reserved to give drivers equity in the company. Also, another bonus with Juno is that drivers receive a small percentage commission on fares of the drivers that they have referred. Initially, Juno drivers will only need to pay Juno 10.5% of their fares, which means drivers get to keep more of what they earn.
The important take-away lesson here is: Don';t put all your eggs into one basket. Drive with every platform that is available in your particular city, and learn everything you can from experienced drivers about how to maximize your earnings on each one of them.
Have You Ever Used a Rideshare Service
Have You Ever Driven for or Used a Rideshare Service?
There's More to Being a Rideshare Entrepreneur Than Being a Driver
Being a Rideshare Entrepreneur is More Than Just Being a Rideshare Driver
To make the most of the potential earnings as a rideshare entrepreneur means doing a lot more than just driving. Most successful rideshare entrepreneurs have a Blog or Vlog, a dedicated website, a Facebook Page dedicated to rideshareing, and a YouTube channel. Their are assorted ways to monetize all of these social media platforms, and successful rideshare entrepreneurs know how to make the most of all of them. Among some ways these social media platforms can be monetized, include Google AdSense, Amazon Associates Program, Ebay's Affilliate Program or an EBay Store, Commission Junction Affiliate Program, LinkShare Affiliate Program, Share-A-Sale Affiliate Program, and many others. Each one of these Affiliate Programs pays members a small commission every time someone makes a purchase, and with so many different platforms, it's possible to earn a substantial part-time income if each platform is monetized properly.
Additionally, original YouTube videos can be monetized by allowing commercial advertisers to place ads on your YouTube videos. Below, I will show some videos from some of the most prolific rideshare entrepreneurs on YouTube. I hope you enjoy them and learn from them
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Top 10 Reasons to Become a Rideshare Entrepreneur
- Indepenence-Work When You Want, Where You Want
- Opportunity to Meet Influential People That May Help Advance Other Endeavors
- Multiple Streams of Passive Income
- Be Your Own Boss
- Meet Interesting People
- Paid Every Week
- Sometimes Hourly Guarantees, Boost Rates, or Surge Pricing Which Means More Money
- Bonuses for Referring Other Drivers After They Complete a Certain Ride Quota
- Opportunity to Monetize Social Media Platforms
- Develop Brand Recognition for Other Business Endeavors
Uber DC's Creative Way to Engage Passengers
YouTube Channels for the Serious Rideshare Entrepreneur
Here Are a Few Rideshare Channels Every Serious Rideshare Entrepreneur Should Subscribe to:
- Uber DC
- The Rideshare Guy
- UberMan UK
- Drive Girl Drive
- The Rideshare Report
Each one of these approaches rideshare entrepreneurship slightly differently. I suggest you watch them all and absorb as much knowledge from them as you possibly can.