Ridesharing has become popular in all parts of the world because of its numerous benefits. It is cost-effective, reliable and efficient. Some of the most popular ride sharing apps are Lyft and Uber. Even though they have been accepted in all parts of the world, they are still misunderstood. The following are a few important facts about the apps.
- They Improve Mobility for Disadvantages Groups
Ridesharing apps can improve mobility for older adults, people with disabilities, and low-income households. Many of the apps work with healthcare organizations, retirement homes, and senior centers. They provide rides for individuals who may have trouble using technology. There are discounted prices for people with disabilities.
- You Need a Mileage Tracker App
You need a mileage tracker app if you want to be a driver. There are lots of smartphone tracker apps that can be useful in your ride share business. They make it easy to calculate your tax deductions. Your tax professional may help you determine the amount you can deduct. The app can help you calculate parking fees and toll road charges. They are deductible as business expenses. There isn’t a better way to keep track of your expenses than with an app. Tax deductions for self-employed drivers include;
- First aid kits
- Dash cams
- Radio subscriptions
- New tires
- Air freshener and car washes
- Cell phone plans
- Drivers Need to Enroll in a Class
Even though driving a car for money may seem like an easy job, it has its share of challenges. Many drivers find it necessary to take a course before getting into the job. If you are a new ride sharing driver, you may not know where to start. Even though taking up a course may cost you a lot of time and money, it yields significant ROI. You can learn about the importance of customer care, record-keeping, surge-pricing, and where to find riders.
If you cannot take a class, consider joining drivers’ forums. Get familiar with your area and the experiences of other drivers. This can save you time and improve your experience.
- You Need Insurance
As a driver for ride sharing apps, insurance may not be the first thing that crosses your mind but it is important. It will be very helpful if you get into an accident. Ensure that your insurance covers everything. Uber crash statistics are scary and you need to prepare. In 2017 and 2018, Uber confirmed 107 total deaths and 97 fatal crashes. While the apps may give you coverage for when you are on the road, it may not be enough. Speak with your insurance provider to find out if you could use more coverage.
- Drivers Should Become Customers First
One of the best ways to improve your skills as a driver is to try being a customer first. During your first experience as a rider, take a few notes. Take note of what you like and what you would like to change as a driver. Ask your driver questions about their job, the city, and what they have learnt so far. Most of them will be happy to give you answers.
- Prime Time/Surge Pricing
Surge Pricing or Prime Time ate the times when the demand for rides is highest and the supply of drivers is low. Therefore, the rate for a trip goes up. Drivers can take advantage of these times to increase their earnings. Find a formula that helps you take advantage of surge pricing without wasting your time.
- You Can Drive for Multiple Ridesharing Services
If you have some experience, you should consider driving for more than one ride sharing app. Many drivers drive for both Lyft and Uber. Making yourself available to multiple companies increases your rides and earnings.
- You Need an Appropriate Vehicle
One of the most important qualifications for being a driver with ride sharing apps is having an appropriate vehicle. You must lease, own, or have permission to use the vehicle you plan on using. Different companies may have different requirements for a vehicle. However, it must generally be in good condition and not older than the 2000 model year.
In conclusions, Lyft, Uber, and other transportation networks have been growing rapidly in different parts of the world. You are, therefore, guaranteed to earn yourself a spot as a driver if you are interested. Unlike taxis companies which only hire at specified times, you always have a chance to be a driver. However, you must meet certain requirements and put in effort to improve your experience.