Rideshare Driver
Startup Costs: $10,000 - $50,000
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Got a car and want to do something with your spare time besides endlessly scrolling on your phone? Uber and Lyft, the trailblazers of the ride-sharing revolution, have brought in hundreds of thousands of drivers who have the same, well, drive. A serious perk of being a rideshare driver is the flexibility. No need to plan out your working schedule weeks or even days in advance. With just a simple click of a button, you can effortlessly toggle your availability on and off, ensuring that you can rake in the cash no matter the time of day or night.
How much money can you make as a rideshare driver?
Business Insider reports that Uber and Lyft drivers make approximately $35 an hour, but that overall compensation can vary wildly depending on location, tips and number of trips made.
Related: Get the No.1 Guide to Starting Your Own Business
What kind of experience do you need to have?
"To be an Uber driver, you must have a valid background check from the police, a newer four-door car and pass an interview. This is equivalent to what is required of taxi drivers." —Sverre Rørvik Nilsen, Business Insider
What’s the most important thing to know about this business?
"Unlike taxi drivers, drivers on UberX, Lyft and Sidecar’s platforms are considered independent contractors. According to the startups, their apps simply match up a contractor available for a job with a customer willing to pay for the service. Drivers are responsible for paying any on-the-job costs like gas and vehicle maintenance, and they don’t receive any benefits." —Nellie Akalp, CEO of CorpNet.com, a legal-document-preparation filing service
Want one-on-one help? Book a session with a small business development expert now
Rideshare Driver Ideas
Glass Tinting Service
In hot areas like Las Vegas or Phoenix, glass tinting is almost a necessity.
Bicycle Tours
Build a business that cycles around your town.
Auto Performance Center
If you like the idea of bling, consider a store that sells flashy auto products.
More from Business Ideas
I Made $14,000 in 1 Week With a Spontaneous Halloween Costume Side Hustle — Here's How
Sabba Keynejad was in art school when he started to refine his entrepreneurial skills.
Love Doesn't Have to be Tough — 3 Things to Do to Keep Harmony in Your Family-Owned Business
Family matters. So does being intentional in the workplace.
New Research Reveals the Most Profitable Side Hustle — and You Could Make an Extra $15,000 a Year From Home
If you're ready to start a side hustle, it pays to consider which one will give you the greatest return.