Best Uber Sign-up Bonus For New Drivers In December 2015
Driving for a rideshare company is predominantly a source of additional income for most. If you own a car, have time to spare, and an enterprising attitude, it takes little effort to make turn Uber, Lyft, Sidecar, or one of the several ride-sharing options to fund your extra income pool.
That though is little more than a glorified part-time job. Ask a good financial advisor (or that CPA friend of yours) and chances are he’ll frequently throw the word ‘income diversification’ at you. You can diversify your income by adding driving for a rideshare service to your resume. By doing so, you can not only create a steady stream of extra income, but also take advantage of the huge sign-on bonuses that Uber is currently offering new drivers.
But before you rush out and apply, you should first know that you can fall into one of two categories; 1) a new Uber driver with no rideshare experience, or 2) a new Uber driver with previous Lyft experience. Choose wisely, as it can greatly affect the amount of your sign-up bonus.
Regular Uber Sign-up Bonus for New Drivers
The first promotion that Uber is offering applies to new drivers who have not driven for a rideshare service before; they are rookies to the industry. This type of Uber sign-up bonus will pay out anywhere from $10-$500 depending on the city you sign up in.
Unlike Lyft, Uber doesn’t publish a full list of what bonus is available in which city, meaning you will find out what the bonus amount is after you sign up to drive. If you are really curious though, you can contact your local Uber team and they should be able to fill you in.
New Uber drivers are only eligible for the sign-up bonus if they apply an Uber driver invite code at sign-up. Since there is no way for the Uber team to apply retroactive credit to the driver account for the bonus, make sure you don’t skip this step.
Requirements: Picture ID confirming you’re over 21, mandatory background check, insurance policy and license registration, clean driving record, a post-2005 four-door vehicle in good condition (some markets allow post-2000 vehicles), and a smartphone.
$500 Uber Sign-up Bonus for Lyft Drivers
Uber is offering brand new drivers bonuses that are competitive with other companies in the industry, great. But if you have already driven for another rideshare company like Lyft or Sidecar, then this bonus is for you. Uber is offering these drivers sign-up bonuses of $500 to make the switch. The best part? You can sign up for Uber, claim the bonus, but still drive for Lyft too!
As of this writing, the $500 Uber bonus for Lyft drivers is still active. This bonus has been around for quite some time, so it would not be surprising if Uber started phasing it out. Be sure to email your local Uber Partner team and double-check just to be safe.
Requirements: Proof of having driven for Lyft before March 31, 2015 (Pay statement); Proof of 25 rides taken for Uber within 30 days of signing up. For double-sided bonus, the driver you’ve referred also needs to meet these conditions. The $500 bonus would then be credited to both of you!
Uber Referral Bonuses For Existing Uber Drivers
One of the best parts about driving for Uber is the fact that you can continue to earn Uber referral bonuses even after you get credit for the first new-driver bonus. Uber is constantly looking for ways to expand its driver pool, and will pay existing drivers handsomely for referring their friends and family to the platform.
Passenger Referral Codes
Uber drivers can earn $5 referral bonus for every passenger they can refer to use the ride-sharing service. You can refer family, friends or just any stranger who avails ridesharing. Once the user signs up for Uber using the referral code, the app automatically credits the driver.
Getting new users to sign up for Uber benefits you with $5 for every user who does it. Here are some easy ways to get it done:
- Share at local retail locations, so they can hand them over to their customers.
- Use local notice-boards in your apartment, or neighborhood to advertise.
- Request local restaurants/ bars or clubs to share them with their patrons as they look for a ride back home.
Uber also has fixed hourly income guarantees, available round-the-clock for many major markets. The way this works, is that for a certain time-slot you’re guaranteed a fixed hourly amount (say $20/hr, peak hours, weekdays) and similarly, a $12/hr (off-peak hours) irrespective of your actual earning. So, if you make 2 rides of $10/hr or more during peak hours, you’re good, but anything less than $20 and Uber will fill the gap. Pretty sweet!
However, there are some qualification rules:
- Request acceptance rate of 80% or more
- You need a minimum number of rides per hour (e.g. if you’re only making 1 ride per hour, it’s likely that you’re not going to meet a $20 customer. So Uber may not cover for you.) Average acceptable count is ~ 1.5 rides per hour.
- Minimum online time needs to be roughly 45-50 minutes/ hour. Fair point. If you weren’t online for at least 45 minutes, chances are, you didn’t get enough requests to accept and make $20.
- To avail the guarantees you need to Opt-in for them and have an rating of 4.75
- Working in a ‘Hot Zone’ – It makes sense to cover you with guaranteed income, if you’re in a busy area and still don’t make $20/hour vs working in a low traffic area. This isn’t always needed
There are two scenarios when you could maximize your ‘guaranteed income’:
- Clock up the rides in a hot zone and then move to a low traffic area. You meet the requirements for # of rides, acceptance % and yet, would be short of guaranteed income mark. So Uber would cover you for that time with the guaranteed income, despite you clocking reasonably low miles
- Locate moderate-to-low demand zones, or over-staffed zones – The former would allow you to accept just about enough rides, but not make enough money, so you can claim guarantees (though there’s always a risk that you get one long ride, which’d cover your income). In over-staffed zones you would be potentially losing out rides to plenty of other drivers, so you just need to meet minimum count of rides, and stay online long enough to claim the guarantees.
How to Maximize Partner Promo Code bonuses from Uber
Referral bonuses are handy extra cash above ride-share income. Uber would obviously not spell out how to maximize this revenue stream. Besides, these referral promo codes aren’t going to be there forever. As the service becomes more popular, hourly income increases and drivers wisen up, the referral amounts would either be reduced, or removed completely.
Here are a few ways to diversify your referral bonus earnings while you still can:
- Online Marketing – with several options to create a blog, a little e-commerce portal or a website, you can simply share your referral code with new drivers. Beware of spamming others though, as nobody loves being flooded with links or emails.
- Networking as a Rider – avail ridesharing services from Lyft or Sidecar or other competing services. Strike up a conversation and try to subtly push the option of switching over to Uber and make more money from referrals. Again, careful not to come across as a spammer. Even if you invest $100-$150 in these short rides, you are likely to earn back with plenty to spare from a double-sided $500 bonus per person.
- Following cold leads – perhaps the creepiest, but effectively method nonetheless. Once you have a fair idea of Lyft drivers in a service area, you may simply print out some pamphlets or bills with information about Uber’s referral and promotional bonuses. Even if 1 in 25 such efforts take off, you’re a winner!
Marketing isn’t easy and be ready to receive your fair share of rude rebuffs. But this is a business and being able to sell your services is only going to bring better returns.
Promotions for Uber Passengers
So we know that Uber has plenty of referral and promo offers for the drivers. What’s in it for you as a passenger? Let’s take a look:
Sign-up Bonus – If you get new users to sign up for Uber, you get $20 off your trip. (It used to be $30 once, not anymore!) Do ensure that they enter your referral code while signing up.
Free Ride Credits – Uber has free ride credits for both new and existing users, up to $30 in certain markets. You can use them to fund emergency trips, when you forgot your wallet, or simply don’t feel like paying for a ride! And yes, these credits roll over to new trips until exhausted.
Referral Bonus – Existing users can earn $5 for every new user they get to sign up for Uber with their referral code. AND the new user gets their first ride for free too!
Local Promotions – Several major metropolitan zones like Manhattan (NYC), Michigan Avenue (Chicago), or Beverly (Los Angeles) employ ‘fixed rate’ promotions. It amounts to paying a fixed $5 or $10 fare even though the distance traveled might be significantly more.
Like Uber drivers, passengers too may share their referral codes through emails, social media or print and advertise at highly visible locations. Each new user merely needs to download the app through their smartphone and enter the referral code while signing up for Uber.
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- Best Uber Sign-up Bonus For New Drivers In December 2015