Uber and Lyft Mentor series: Shocker for drivers! Lyft raises rates 18%. What does this mean for me?

Addendum to video: forgot to mention one important part to this information. The fact that Lyft increased their rate will no doubt lead to less rides total and more drivers using the app will push down the number of rides per hour as well. I don’t know how much this will affect those numbers but it is very important to consider.

This video is a detailed description of how Lyft new pay increase will affect your bottom line as an Uber and Lyft driver. I discuss how much more you will make with Lyft depending on what level of power driver bonus you get and how much time and gas money you will save yourself if you were to make the same amount of money with either Rideshare company. This math took a lot of time but I hope it’s worth it and helpful to you!

If you are going to sign up with Uber or Lyft please click on my link below to do so. You will get a better incentive and so will I!

Hey! Come drive Uber with me and get $200 when you sign up in Portland https://partners.uber.com/i/2qvedgdzw

Sign up for Lyft Here’s where to apply: https://lyft.com/drivers/BRENT570984

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  1. This is a great video; very useful analysis! Thank you for the time and effort you've put into this report!

    Not to mention that Lyft has in-app tipping, whereas Uber is committed to not having in-app tipping and goes out of their way to tell riders that tips are not required. I believe this Uber policy is creating an anti-tipping culture in this industry and robbing the best drivers of well-deserved compensation. Tipping should be between rider and driver exclusively.

    Lyft seems far more humane than Uber and is considerate of both riders and drivers. I guess I would suggest supporting Lyft as much as possible; drive Uber only when both of the following conditions are true:
    1. You've met your power driver threshold with Lyft.
    2. Uber is offering very significant incentives.

    This is possibly a good alternative to an Uber strike.

  2. Love your videos … But there is NO WAY that you will do $1k in rides only driving 500 miles. Also I have noticed that the number of Lyft rides per driver is decreasing during peak times as more drivers move over to Lyft exclusive.