I rarely drive for Uber or Lyft anymore, mainly due to the falling price of fares making it not very lucrative.
But I’m glad that I’m still an approved driver on both ridesharing platforms, and I keep my accounts active by giving a ride every few months.
Why?
Here are the 5 main reasons it pays to be a driver, even if you don’t give rides:
1. Referral bonuses
Uber and Lyft both offer insane driver sign-up bonuses from time to time, in order to keep their driver numbers high and ward off the surge pricing that so angers customers.
I once wrote about a $5K bonus from Lyft.
If you have a driver account, you can refer your friends to drive, and you’ll both get a bonus.
A friend and I once made $600 each, just because he signed up and completed 20 rides.
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