Low Utilization Rates Translate to Lost Opportunities for Rideshare Drivers, Cities


Driver+Utilization+Rates

Almost half of rideshare drivers’ time is spent without paying passengers in the car according to a recent SherpaShare analysis, suggesting that rideshare vehicles can be contributing substantially to overall congestion on city streets.

Forty-nine (49%) of drivers reported their utilization rates were below 50%, meaning they had to pay passengers in their car less than half the time they were doing ridesharing.

Driver+Utilization+Rates

Utilization rates for new drivers (drivers who’ve been doing ridesharing for less than three months), are even worse; 53% of new drivers report a utilization rate of less than 50%.

Want Cities To Establish Minimum wage

Drivers in the country’s top metro areas reported better than average utilization rates. For example, 55% of drivers in U.S. top 10 metro areas reported utilization rates of 50% or higher.

“Low utilization translates into lower revenue for drivers and higher levels of congestion for cities,” said Andy Pillsbury, VP at SherpaShare. “Clearly there’s plenty of room for improvement in terms of boosting overall rideshare efficiency.”

SherpaShare’s most recent survey was conducted October 1-31. SherpaShare’s monthly research program provides insights on all aspects of the ridesharing industry via a panel of over 1500 rideshare drivers.

Uber, Lyft, Smart City

Share this:

Rideshare Drivers Want More Proactive Cities


Rideshare drivers want cities to take on a more active role in controlling new service offerings and setting minimum pay levels, according to a new survey from SherpaShare.

Sixty-two percent of respondents reported they wanted cities to mandate a minimum wage for rideshare drivers. This follows New York City’s recent decision to implement a driver wage floor

Want Cities To Establish Minimum wage

Drivers supporting a minimum wage were particularly interested in protecting their revenue during time period when demand is low. “There should be a guaranteed wage to make up for time spent waiting [during slow periods]” said an upstate New York driver.

Drivers also wanted cities to control the rollout of shared e-bikes and scooters. Fifty-two percent of drivers reported that cities should limit the number of e-bikes and scooters allowed on city streets.

Should City Limite EBikes and Scooters

“Drivers want cities to protect their wages,” said Andy Pillsbury, VP at SherpaShare. “They also want local governments to control the introduction of new mobility options such as scooters and e-bikes.”

However the majority of drivers did not want cities to limit the number of new rideshare vehicles that are allowed to operate. Fifty-eight percent of drivers reported they did not want cities to limit rideshare vehicle volume.

Should City Limite RideShare Vehicle

Drivers supporting city involvement expressed concern about too many drivers saturating the market. Drivers against additional regulation indicated that supply and demand should dictate vehicle volume. “The number of drivers should balance out on its own,” said a San Francisco Bay area driver.

SherpaShare’s most recent survey was conducted September 1-30. SherpaShare’s monthly research program provides insights on all aspects of the ridesharing industry via a panel of over 1500 rideshare drivers.

ridesharing, city

Share this:

Rideshare Drivers Report - Strong Commitment to Staying on the Road


Road aHead

While recent industry studies have described drastic reductions in gig economy worker revenue, a SherpaShare analysis reveals rideshare driver earnings have remained relatively stable over the past three months. And drivers report reasonably strong interest in increasing their driving volume over the remainder of the year.

According to SherpaShare’s monthly survey of rideshare drivers, respondents estimated their average weekly earnings at $247 in August, down slightly from $261 in July and $286 in June.

Weekly Earning

Drivers were asked if they expected their driving volume to increase, decrease, or remain the same over the next three months. Only 14% of drivers expected their volume to decrease over the next three months. The remainder expected it to increase or remain the same.

Next Three Month Earnings

“A recent JP Morgan Chase study suggested gig economy workers’ earnings have plummeted over the past several years,” said Andy Pillsbury, Vice President at SherpaShare. “We see rideshare drivers are reporting reasonably stable earnings patterns. In fact our monthly surveys indicate most drivers plan to either maintain or increase their driving volume.”

Drivers were also asked how likely it was that they would still be doing ridesharing a year from now. Well over half (54.5%) reported it was very likely or somewhat likely they would still be doing ridesharing in one year.

Likelihood to drive in next one year

SherpaShare’s most recent survey was conducted August 1-30. SherpaShare’s monthly research program provides insights on all aspects of the ridesharing industry via a panel of over 1500 rideshare drivers.

driver report, driver earnings, chase, Uber, Lyft

Share this:

Multi-Passenger Trips on the Rise, Major City Congestion Issue Remains


Multi-passenger rides represent a small but growing proportion of rideshare trips, according to a recent survey, a trend that could have a positive impact on congestion and other major urban issues.

Almost a third of Uber drivers reported that multi-passenger rides represented less than 10% of their ride volume. Another 30% reported multi-passenger trips represented between 10% and 25% of their total trips.

Multi-passenger rides

Of those drivers who detected a trend in their multi-passenger trip volume, 79% reported their proportion of multi-passenger trips was going up, while just 21% reported their multi-passenger trip volume was going down.

Multi-passenger rides proportion

“Multi-passenger trip volume represents an important metric city planner should track to evaluate rideshare impact on congestion and the environment,” said Andy Pillsbury, Vice President at SherpaShare. “The number of passengers per vehicle is also a critical factor in determining insurance rates.”

Lyft drivers reported slightly lower multi-passenger ride rates than their Uber counterparts. Specifically, 39% percent of Lyft drivers reported they had multiple passengers on fewer than 10% of their trips. The comparable figure for Uber drivers was 32%.

Multi-passenger rides Lyft proportion

A recent study by transportation consultant Bruce Schaller found Uber and Lyft add 2.8 new miles driven in the nation’s largest cities for every one mile saved by passengers not using their own car. The study found that rideshare drivers spend substantial amounts of time driving between passenger pickups—extra miles that contribute to overall congestion.

The survey was conducted August 31 among SherpaShare’s monthly research panel of over 1,300 rideshare drivers.

For more info please contact business@sherpashare.com

multi-passenger rides, Lyft, Uber

Share this:

The Ultimate Airport Guide for Uber, Lyft, and Rideshare Drivers


airport guidance

Driving and picking up from airports can be very lucrative for rideshare drivers. But, you need to know how to navigate the airports to make great money and avoid traffic citations. Read on to discover the ultimate airport guide for Uber, Lyft, and rideshare drivers.

Airports hate congestion. With all the cabs, taxis, Uber, Lyft, and other rideshare drivers, it can get pretty crowded. Because of this, some airports don't allow any rideshare drivers to pick up passengers at all. If airports catch rideshare drivers dropping passengers off in places they aren't supposed to, they can hand you a fine of up to $1,000. A recent SherpaShare survey found that some airports send traffic tickets directly to Uber, which Uber then deducts from the drivers pay!

However, many airports have found a way to work around this problem. Every airport has different rules and regulations, and it's your responsibility to know these things. We've put together a general airport guide on how to successfully work as a rideshare driver in your local airport.

Keep reading to learn everything you need to know about developing a strategy for rideshare driving at airports.

Rideshare Supported Airports and Regulations

First, check the Lyft and Uber website to find out if your local airport supports rideshare and what their rules and restrictions are. Familiarize yourself with the Designated Pickup Areas, as most major airports enforce designated pickup locations for rideshare. Before you accept your first ride, it’s smart to drive through the airport and locate where the pickup area is located and how to access it. If you miss the pickup point or drive through the incorrect area while your app is ‘on’ you risk getting a ticket and upsetting your passenger. Knowing before you go will always pay off!

Additionally, some airports require you to get a permit before you can work there. Always display your airport permit sticker in the front windshield of your car. Most airports all require that drivers display their Uber or Lyft trade-dress sticker in a proper manner. Check your respective airports' rules and regulations to ensure you are adhering to the terms set by the airport and your rideshare platform.

The FIFO Queue

Most major airports have a geofence that surrounds it. When an Uber, Lyft, or other rideshare driver enters this geofence, they enter into the first-in-first-out (or FIFO) queue. A timer will keep track of your estimated wait time and how many cars are ahead of you on the list. The FIFO system only works within the designated, geofenced area and drivers waiting elsewhere will not receive trip requests through their rideshare platform’s app, so make sure you’re within the designated area to receive pings.

You can view the timer whenever you want, even when you aren't driving at the airport. But keep in mind, some airports in smaller cities might not have this timer available. For cities that do use the FIFO queue, it can come in handy.

If you're thinking of heading to the airport for the day, you can check the wait time before you go. Checking the wait time before you go is the best way to ensure you're not wasting valuable drive time and lets you find out what times during the day will give you the most business. If you're new to rideshare driving and curious about finding rides at airports, it's a great idea to check the queue for 3-5 days to start to understand the trends at your local airport.

How Long Are the Wait Times?

Again, this depends on the time of day and a long ride could certainly pay off.

The busiest times of days are the early mornings and late afternoons/evenings. A reasonable time frame to keep in mind would be 7 a.m. to 10 a.m. and 4 p.m. to 7 p.m.

During these hours, the wait time could be as long as 20 to 25 minutes. In most cases, you'll only have to wait about 10 to 15 minutes.

It's a good idea to study the FIFO queue and the estimated wait times for a few days. This will allow you to get familiar with timeframes with the shortest wait times and most consistent flow of passenger pick up requests at airports.

How Does It Work?

Every time a passenger requests a ride, their request goes into the FIFO queue. The car at the top of the line gets a request first. When that car picks up their passenger, the next request goes to the next car on the list.

So if you're number 12 in the queue, you have to wait for 11 other cars to pick up passenger requests before you get one.

You might have to find somewhere in the airport to wait for a passenger if the FIFO queue is long. Remember, the airport doesn't like dealing with congestion. Don't park your car anywhere you aren't supposed to park it.

This means you should avoid places that have no parking signs, restricted lots, cell-phone lots, employee spots, or rental car spots. The airport also doesn't like driver who circle in and out of the arrival and departure terminals.

Doing any of these things could make the airport remove you from the FIFO queue. If you have to wait inside the airport, find a place that's safe and legal for your rideshare car.

Where to Pick up Your Passenger Pickup

The place you pick up a passenger also varies depending on the airport. Some airports let rideshare drivers pick up their passengers at the terminal curb. Others make drivers meet passengers in upper arrival areas.

Several airports even have a transportation network company lot where passengers can find rideshare drivers. If your airport doesn't have any rules against this, you can wait for passengers in short-term parking lots. You might have to pick up a timed ticket for some short-term lots.

Either way, you'll get all the necessary information you need through the passenger request. If you can pick them up at the terminal curb, you'll get the terminal number and the door number. If the airport has designated rideshare lots, they'll have clear signs leading to it.

You have to know the regulations for your airport before you start driving.

What Happens If Your Passenger Cancels?

If the passenger cancels their request before you have time to pick them up, the FIFO queue will put you back at the top of the list. This ensures you still get a passenger without having to wait in line all over again.

However, this doesn't happen if you cancel the fare yourself. When you withdraw a passenger request, the queue will put you at the bottom. Both Lyft and Uber might deactivate your access to the FIFO queue altogether, as you aren't allowed to cherry pick your passengers.

Also, be conscientious when you're picking up your passenger. Park in the right spots, follow the attendant's instructions or wait in the queue up line. Ignoring safety measures to pick up your passenger can make the rest of the lot congested and result in a ticket or angry passenger.

The Airport Surcharge Fee

When you're working at an airport, the passenger will have to pay an additional airport usage fee for their ride. This fee is only a few dollars, and, as the driver, you don't have to pay it. Though the passenger pays this extra fee for their ride, it doesn't go to you. Instead, the cost goes straight to the airport.

You don't have to pay this fee, and the charge doesn't get added into your pay. But it is something you should be aware of when you're working in airports.

The most important part of working in an airport is knowing what your airport allows and doesn't allow. Remember, knowing the rules and regulations for your airport is your responsibility and vital to your success, efficiency and earnings. Sometimes these rules change, so ensure you sign up for email updates if your airport or rideshare platform provides them.

We hope this airport guide was helpful! Please let us know if you have any questions. We’re always available to help. Just email us at hello@sherpashare.com

airport, ridesharing

Share this:

Vehicle automation is bound to touch the lives of rideshare drivers. The question is, when?


automation vehicle

Rideshare drivers do not see autonomous vehicles or shared scooters/e-bikes as immediate threats, according to a SherpaShare survey. But they do see these emerging technologies as eventually displacing rideshare revenue, according to the study.

Almost two-thirds of drivers (65%) report they do not see autonomous cars impacting their business in the next several years. On the other hand, 16% believed autonomous vehicles do represent an imminent threat, and 19% said self-driving cars were not a threat at all.

sherpashare

“Drivers are not losing sleep about the economic impact of self-driving cars,” said Andy Pillsbury, Vice President at SherpaShare. “That said, drivers have raised concerns about the potential safety impact of sharing the road with unmanned vehicles.”

SherpaShare July Survey

While just 9% of drivers reported that shared e-bikes and scooters were currently having a negative impact on rideshare demand, 28% of drivers reported it was an imminent threat. Sixty-three percent of drivers did not see these mobility methods as a threat.

Drivers reported frustration with the cost and limited benefits of short rideshare rides, and some were quite supportive of shared e-bikes and scooters. “I’m for it, reported a Colorado-based river. “It’s good for the environment, and I hate picking up people for short trips anyway.”

Others expressed skepticism that e-bikes and scooters could match the relative comfort of riding in a rideshare vehicle. A Tampa-based driver reported e-bikes and scooters were not a substantial threat in Florida. “Too hot!” he said.

SherpaShare Monthly Survey, July 30, 2018. For more info please contact business@sherpashare.com.

automation, sherpashare

Share this:

The Ultimate Guide to Health Insurance for Rideshare Drivers and Independent Contractors


The

Health insurance might not be the first thing on a rideshare driver or independent contractor's mind, but it should be! Check out this ultimate guide to health insurance for rideshare drivers that'll help you choose the best option for you!

You need health insurance, even if the riskiest thing you do is pick up drunk passengers. Car accidents happen, and your car insurance only covers so much. So, is there special health insurance for rideshare drivers or delivery pros? Yes and no. As the gig economy grows, so do the insurance options. Get a more detailed look at your healthcare options below.

Health Insurance for Rideshare Drivers: FAQs

The number one question freelancers and independent contracts ask are if they need health insurance. The answer is always yes. Something as simple as a hospital visit for a broken arm can cost up to seven thousand dollars in medical bills. Do you have that stashed away?

Probably not. Here are some other frequently asked questions regarding health insurance.

Does the Affordable Care Act Cover 1099 Workers?

Yes. Obamacare or the ACA passed changes in 2014 that made insurance more accessible. Two ACA elements that help independent contractors are 1) the tax subsidy and 2) a sliding scale cost of insurance. Depending on your income and tax bracket, you could pay under $50 a month for coverage. It depends on the Federal Poverty Line or FPL. If you make under this amount (around $45,000 for one person), you're entitled to lower insurance costs. There are some hoops you have to jump through to prove this, but it's well worth not spending $7,000 for a broken arm.

Who Offers Individual Insurance Plans?

Almost all insurance providers offer individual health plans, but the rates can be astronomical and vary widely depending on the insurance company. Some providers charge higher fees and copays than others.

SherpaShare has partnered with eHealth a one-stop marketplace for affordable short and long-term health insurance. Many plans are available for enrollment throughout the year and eHealth offers personalized tools and support from real insurance agents over the phone (during business hours) or 24/7 via chat. In just a few clicks, eHealth can help you cover expenses in the case of medical emergencies! eHealth also provides a full range of Obamacare (ACA) plans.

Can I Buy Short-Term Health Insurance Now?

Yes, you sure can. eHealth offers a wide range of short-term options that individuals can sign up for immediately. These plans typically feature substantially lower costs than Obamacare, and are designed to serve as protection against high out of pocket costs due to an unexpected injury or hospitalization. They frequently provide more limited coverage than Obamacare plans, and insurers have wide latitude in determining eligibility for specific short-term plans.

How About Obamacare (ACA)?

Individuals can also sign up for ACA plans through eHealth. In most states the Open Enrollment period for ACA will start November 1, 2018 and end December 15, 2018--this is the easiest time to buy. If you qualify for Medicaid or the CHIP (Children's Health Insurance Program) applications are always open.

Outside of the Open Enrollment period, you can qualify for Special Enrollment. There are certain life events that qualify you to apply. Some of those include losing your job-related coverage, marriage, or having a child. Divorce, release from prison, new citizens and the death of a coverage holding family member are also qualifying factors. For the complete list of qualifying factors as well as a quiz to see if you qualify, check the Government's site.

SherpaShare’s partner eHealth offers a full range of ACA plans, as well as short-term options. Click here to learn more about eHeatlh plans or contact SherpaShare directly.

Can I Write off Insurance Costs?

If you don't have an employer-subsidized health plan, yes you can write off health insurance as a tax deduction - in general. Tax laws are complicated and other requirements apply.

Spousal Insurance

Let's say that your spouse works for a company that provides health insurance. As their legal spouse, you can apply for the same coverage. You have to pay more than they do, usually, since you're not contributing to the company. However, this is a good way to get around open enrollment and special enrollment periods.

The insurance that their company offers is usually through one company, so you don't have much choice with rates. Do your research before you sign up for health coverage under your spouse to see if getting an individual policy is cheaper.

Will Gig-Economy Companies Ever Provide Insurance?

We don't quite know. The gig economy (jobs you can clock in to as independent contractors) are still growing. The government and tax regulation haven't quite caught up with all the details. You'd know this if you got a call from your car insurance provider in your first year.

As of right now, the government can't force UBER, Lyft or other related companies to give you health benefits. When you signed up, you consented to be an independent contractor. That essentially means once they pay you, their legal duties are over. Some experts think this will change in the future and others don't. It's contingent on the way the 2018 and 2020 elections go. Until then, make sure you have health insurance coverage. It costs the general public and you more if you don't.

Understanding Health Insurance Costs

When you look into health insurance plans, there are different names and different charges. You'll pay a monthly premium (like any other insurance) and sometimes have additional co-pays. Your monthly premium is your insurance cost per month. The Co-pay is whatever's left over from a medical charge that your insurance doesn't pay. For example, you could make a general doctor's appointment and owe them $45 (ex.) on site. In some health insurance cases, you can send this bill to your provider, and they'll reimburse you. It depends on the level of coverage you purchase.

The idea of health insurance is to have low co-pays. Instead of an ER visit for a broken arm costing you thousands, you may pay around $100 as a coverall copay. *The numbers quoted above are examples only and do not denote averages.

Where to Buy Health Insurance for Rideshare Drivers

You can visit the SherpaShare & eHealth one-stop marketplace to enroll in short-term and ACA plans. Whether you need health insurance for yourself, your business, or your family, eHealth has a wide range of choices. Compare plans and premiums in just a few clicks. You can even find which health plans in your area cover your prescriptions, and how much they cost. Additionally, licensed insurance agents are just a phone call away during business hours, and you can ask questions by "chat" 24/7.

Wherever you get insurance from, do it soon. Without health insurance, you could be fined or worse, end up with a substantial medical bill.

Do you have a health insurance provider you like or other tips about health as an independent contractor? Tell us in the comments below.

heath Insurance, EHealth, SherpaShare

Share this:

Can Rideshare Make Cities Greener?


Rideshare cars are much ‘greener’ than U.S. cars in general according to a SherpaShare analysis, lending credence to the theory that ridesharing can help reduce overall emissions in major cities. Over 12% of SherpaShare rideshare drivers reported they drove hybrid vehicles, and an additional 2% said they drove fully electric vehicles (EVs).

Can RideShare Make Cities Greener

The 14% of rideshare vehicles that are ‘green’ (i.e., hybrids or EVs) compares favorably with U.S. cars as a whole. For example, only 3.2% of new vehicles sold in 2017 were ‘green’ vehicles, up from 2.9% in 2016.

Can RideShare Make Cities Greene

“Uber and Lyft are both making concerted efforts to prompt drivers to use more fuel-efficient cars,” said Andy Pillsbury, VP at SherpaShare. “So it’s likely we’ll see this shift towards greener rideshare cars accelerate.”

The average rideshare vehicle was less than four years old according to the analysis. The average age of a U.S. car on the road is 11.6 years according to IHS.

The Toyota Prius was the most popular ‘green’ vehicle driven by rideshare drivers, followed by the Chevy Volt.

Uber recently launched a yearlong program in which it provides financial incentives to drivers in Austin, Los Angeles, Montreal, San Diego, Sacramento, San Francisco, and Seattle to switch to electric vehicles. Lyft reported the company would provide at least 1 billion rides per year by 2025 using autonomous electric vehicles.

According to some studies, ridesharing has made traffic worse in some major cities. However, if technology giants like Uber and Lyft can work with local governments to reduce congestion and foster greener and cheaper transportation options through their electric car and carpool initiatives, cities may be on their way to solving environmentally friendly and efficient mobility.

For more information please contact business@sherpashare.com

Green, rideshare

Share this:

10 Uber and Lyft Driver Tips That Will Earn You More Money


Uber and Lyft driver tips

As an Uber or rideshare driver, are you always trying to figure out how to make the most money while working? Here are 10 Uber and rideshare driver tips that will earn you more money.

Being a rideshare driver is a great way to make money. Many drivers have come to love the freedom and income potential it offers. After all, how many other jobs allow you to be your own boss, create your own schedule, and to make as little or as much money as you want?

If you've been an Uber driver for a while, you might be looking for some ways to maximize the amount of money you're making. Fortunately, there are some Uber and Lyft driver tips that can help to boost your income without having to increase your hours spent on the road.

Let's take a look at a few great ideas you might not have thought of.

1. Improve Tips

Getting tips from happy passengers is one of the quickest ways to make more money. Uber used to discourage passengers from tipping drivers, but that policy has since changed.

The problem is that many riders aren't aware that Uber has changed their stance. This means drivers need to find a subtle way of letting passengers know that tipping is encouraged. Asking them directly for a tip is bad form and might result in a negative rating from that passenger.

So what can you do? We suggest adding a decal to your vehicle addressing the issue. You could also make a sign to place on your dash. Either way, the message will be communicated without having to say a word.

2. Offer Water to Passengers

It's amazing how much of an impression you can make on someone with free stuff. Even something as simple as water. People love to hydrate while they ride, thus providing complimentary water to your Uber and Lyft passengers is a great way to inspire a generous tip.

Buying water requires a minimal investment, especially if you shop at a wholesale warehouse like Sam's Club or Costco. We think you'll be amazed at how this investment pays off in improved tips almost immediately.

3. Try to Avoid the Suburbs

One of the secrets of how to earn more than the average Uber driver is learning the areas of town that are most profitable. Sooner or later you will learn to stick to the heart of the city as much of as possible. Working the suburbs might sound pleasant because traffic is more tolerable there, but your opportunities to pick up passengers decreases the further out you get. You might find it challenging driving in more congested areas, but you'll get more comfortable as time goes on, pick up more riders and make more money, so the effort will pay off!

4. Make the Most of SURGE Pricing

Taking advantage of Uber SURGE pricing and Lyft’s Prime Time periods is one of the best ways to make more money as a driver. SURGE and Prime Time periods are all about supply and demand. These are peak periods when traffic is heavy, thus a higher demand for rides.

These price hikes are only for specific areas, like hot spots in entertainment districts, when people might have spent the evening drinking or simply choose not to deal with navigating traffic themselves, and are thus willing to a pay a premium for a ride. Smart drivers take the time to learn which areas are most profitable during these peak hours and take advantage of the increased demand and higher earnings.

5. Learn to Deal with Difficult Passengers

When you start working as an Uber driver, one lesson you will likely learn very quickly is that not every passenger you pick up will turn out to be pleasant to deal with. Keep in mind that you are essentially in the customer service business, and some customers simply cannot be satisfied.

This just comes with the territory, so be prepared. It's best to not take these experiences personally. The ride will only last a few minutes, so try to keep your cool and relax. Smile, do your job, and do your best not to react to any negativity or verbal abuse.

Some passengers will be drunk, while others are simply rude or unpleasant. If a passenger becomes hostile to the point that you feel threatened, you can stop the ride and let them out. But we recommend being as patient as possible, completing the trip, and reporting the hostile passenger using the Uber app.

6. Be Aware of Nearby Restrooms

The more time you can spend on the road in your car picking up riders, the more money you're going to make. Yet during long shifts driving, eventually you'll need to use the restroom.

A good piece of advice is to keep track of restrooms located in your typical driving area. If you have to go out of your way to find a restroom, it's going to cost you money. This is especially true when driving in congested traffic or peak hours when you'll want to keep your bathroom breaks to a minimum. Taking the time to map out accessible restrooms will prevent you from wasting both time and gas, and thus put more money in your pocket.

7. Bring Snacks

Another major impact a long shift in your car will have on you is hunger. There's just no way around the fact that you're eventually going to get hungry.

Stopping at convenience stores for sodas and overpriced snacks will cut into your profits and also keep you from picking up your next passenger. A much smarter move is to bring along plenty of healthy snacks from home. This will save money and keep you on the road.

We suggest that you bring snacks that won't smell up the car and annoy your passengers. After all, there's nothing worse than hopping into an Uber or Lyft vehicle that reeks of food.

8. Reduce the Miles You Drive

Once you've been driving for a while, you'll discover that there is a surprising amount of strategy involved in maximizing the amount of money you can make during a shift. In addition to the great tips we've already discussed, another important tip is to simply reduce your driving as much as possible.

By this, we mean to try to avoid driving when you don't have a passenger. After all, you are only making money when driving passengers to their destinations, not when driving alone. Keep in mind that every mile you drive in an empty car is wasted gas, and therefore wasted money.

This is where strategy comes into play, solving the puzzle of the best times to drive, as well as the best areas to target in order to make the most efficient use of time and gas.

Automatically track your mileage and expenses via the SherpaShare app so that you can monitor hours spent driving, waiting, money spent on gas, and how many ride requests you received at specific times and locations. This enables you to track your profits and make changes as needed. Use SherpaShare’s Heatmap and smart driver Pro Tools to find high demand pick areas and plan the best routes to maximize your time on the road!

9. Make Sure to Have Rideshare Insurance

Being an Uber driver is about making as much money as possible while minimizing expenses. With this in mind, remember that you are going to spend many hours in busy traffic, and car accidents can happen at any moment.

We highly recommend that you take the time to review your auto insurance policy to see what kinds of accidents it covers. Being involved in a car accident is bad enough, but not being covered by your insurance is even worse.

Don't worry, there is good news. For a small increase in your monthly premiums, most insurance providers offer Rideshare insurance coverage. This way you can focus on making money rather than stressing out about potential lawsuits or bankruptcy if an unfortunate event occurs.

We realize you might be tempted to save a few bucks and take your chances by not investing in Rideshare coverage. Just remember that you really can't put a price on peace of mind.

10. Use SherpaShare as your Mileage Tracker and Driver Assistant

Tracking mileage is a key component of maximizing your profits and reducing your overall tax burden. The IRS expects you to report the money you're making as a self-employed independent contractor. There are plenty of expenses that can be written off, and the primary one is mileage.

Your chosen platform should send annual summaries of the miles you've driven, but these reports don't necessarily provide all the information you need. The Uber reports, for example, only provide the mileage you drove while a passenger is in the car. Lyft, on the other hand, reports all the miles you drove while your car was in driver mode. If you drive for two or more platforms you’ll need to combine them at tax-time.

Plus, it’s smart to keep independent records of your own as back up for the following reasons:

  • The platforms’ GPS goes awry (which can happen).
  • You drive for business while your app is off (i.e., en route to a hotspot, or returning home from a trip that took you to the middle of nowhere).
  • The IRS could audit you.
  • Ensure you get the largest possible deduction come tax time.

Every Dollar Matters

Driving for Uber and Lyft has allowed many people to escape the drudgery of their 9-to-5 jobs in pursuit of financial independence. Following the entrepreneurial spirit means that every dollar matters, thus everyone looks for ways to save more and make more.

These Uber and Lyft driver tips will help you pocket more money while doing a job you love. As with anything in life, it's the small details that often make the biggest impact. Try these ideas out, tweak them as needed, and watch the extra cash roll in!

Click here to see the complete guide to becoming an UberEats driver.

UberEat, Tip, Uber, Lyft

Share this:

Rideshare Drivers Could Hold the Key to Improved Healthcare Transport


Healthcare Transport

Over half of rideshare drivers reported they would be interested in adding health-related transportation to the services they offer consumers, according to a recent survey conducted by SherpaShare. This finding is particularly timely as more and more cities seek to find alternatives to legacy paratransit programs though rideshare integration––a move that could save transit agencies and municipalities millions each year.

Healthcare Transport

The survey found 57% of drivers reported they would be willing to undergo some type of training to provide paratransist and non-emergency medical transportation services. This is important as cities seek to match the level of transport service currently offered with the varying needs of patients, and look for ways to make costly paratransit trips more economical and convenient.

Healthcare Transport

Rideshare platforms clearly see health transport as a major business opportunity. Uber has launched Uber Health, a platform which allows health organizations to request rides for patients through a single dashboard. Lyft has partnered with Allscripts, one of the country’s leading electronic health records companies, to allow hospitals and physicians to order Lyft rides on behalf of patients.

“Cities are looking to provide more flexible and cost-effective options for getting people to healthcare appointments,” said Andy Pillsbury, VP at SherpaShare. “If rideshare platforms can supplement existing transportation offerings such as paratransit vans, that can be a win-win.”

At the same time, disability advocates have challenged rideshare platforms in court, claiming that Uber, Lyft, and others have not met the requirements of the 1990 Americans with Disabilities Act. The Act calls for transportation providers to accommodate wheelchair users if passengers’ equipment can fit in their car. Uber has responded to legal challenges in California, Texas, and Arizona by claiming the company is a technology provider, not a transportation supplier as defined in the legislation.

“Going forward we’ll see platforms offering several levels of healthcare transport depending in part on the extent of drivers’ training and the capabilities of drivers’ vehicles,” said Pillsbury. “There could be an important opportunity for drivers seeking to generate more revenue by providing more specialized services.”

---

Please contact business@sherpashare.com for more info.

The survey was conducted July 2 as part of SherpaShare’s monthly research panel with over 500 driver participants.

Healthcare, Transit, Smart City

Share this: