Drivers By: Geoff Velekei and Steven Callaghan. How to Become a Lyft Driver Very short process Meet with a “mentor” Car inspection Driver test.

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Presentation transcript:

Drivers By: Geoff Velekei and Steven Callaghan

How to Become a Lyft Driver Very short process Meet with a “mentor” Car inspection Driver test

How Smartphones Help Lyft Links passengers up with closest driver Cuts down on waiting time Eliminates empty cab problem Indicates prime zones for drivers

Lyft “get $15, pay $30” Business Model Highly compensate new drivers $1500 per week for 50 hours driven and 50+ customers More drivers makes their business run better Not sustainable in the long run Could push drivers away after the promo

Problems with Lyft Without promo- the driver only made $10.50/hour Not guaranteed to find customers 50 hours of work, 36 hours idle, 14 hours with customers Best compensation is usually the worst hours Lyft’s advertisement is unrealistic Uber controls majority of market

Benefits with Lyft Choose your own hours Offers bonus pricing for drivers during prime time Easy to get hired