The Lyft Experiment

The very best thing about the day and age is that there are so   many other ways to earn money. In a previous post I talked about how I had been embracing the “Share Economy,” where you basically find a way to earn money with the “surplus capacity” in what you already own.

Several posts ago I talked about using the share economy to lease a space out in my own house (think Airbnb and Craigslist), now I want to discuss my newest experimentation with Lyft.

Ride discuss apps like Lyft (and even Uber) are interrupting the cab business (and possibly other businesses in the transportation space). The app that each of these companies provide is easy to use and eliminates friction from the money selection procedure (which is valuable to me as a customer and possible motorist). Before my first interaction with either   Uber or Lyft, ” I was able to be so surprised when in today’s day and age a  cab driver would provide you a dirty look once you proceeded to pay using a credit card (or worse they stated they did not take credit cards). The reality is that my generation of 80 million powerful does not take cash. With an app you can easily ask a ride from a number of those services and understand exactly how long it will be before you are picked up and payment is managed automatically as soon as the ride is finished (cash isn’t an accepted form of payment).

With all these new ride sharing programs  anybody may be a motorist. Can you?

My Experiment

I signed up to become a Lyft motorist about 3 months ago but never followed through with completing the application procedure. Enter driver mode to find a mentor and you are supposed to use the app as soon as you complete the program. You meet up with the mentor so that he/she can confirm you’ve a decent (reliable) car. They may check to Ensure You have a valid driver’s licence, up to car insurance, and date registration.     Once this all is processed the mentor undergo some questions about the Lyft app, and the final step is to choose your mentor. I went through the drill yesterday day and now I am awaiting acceptance from Lyft, which my mentor Curtis said should occur within the next day or so.

What I heard from the Mentor throughout our semester together

Lyft has only recently come into the Inland Empire (at least on the place where I live). He started driving for Lyft approximately 3 months ago and was making about $600-$700 a week driving about 16 hours (8 on weekends and roughly 8 throughout the week). Since Lyft is at the first stages in our field, he’d admit that he sometimes had around 10 mentor session (basically vetting new drivers to get Lyft) that paid about $35/session. This may not be a chance once I am fully assessed and have a drive time. He even went up to allow me to know that bars, wineries, and the casinos will be the hot places for folks.

Summary

It is too early to conclude anything just yet. Once I get accepted whether it’s a viable income stream which I want to add to my other streams of income and figure out the sort of time I am willing to devote to it, I’ll give it a try and see. It isn’t as lively as I want it to function, but it’s another one of those bridge income generating actions as I transition from theand to the job that fires me up indoors. Stay tuned for updates about the experiment’s results.

[Update] This never really went everywhere and probably wont anytime soon.

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