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Anyone Successfully gotten $5,000 sign up bonus in LA?

Has anyone gotten the $5,000 bonus in LA yet?

  • Yes

    Votes: 2 10.0%
  • No

    Votes: 18 90.0%

  • Total voters
    20

Jwhit16

New Member
Lyft just recently upped their sign up bonuses in a ton of cities. I've been driving for over a year and this is the highest I've seen them across the board. Anyways, it's now $5,000 in LA. The catch is you have to give 1,000 rides in 3 months, which ain't easy. Basically, they want to recruit full time drivers for a guaranteed three months.
Anyways, wondering if anyone has actually qualified for this?
 
Last edited by a moderator:

JGarcia91

New Member
Yea, I finally convinced my cousin to sign up who lives in downtown LA. He is scheduling his mentor session tomorrow and is eager to start hammering away those 1,000 rides. I am honestly not sure if I could do that many, however he's bound to make anywhere from 10-25K in 3 months Heres another article cashsquad c0m
 

Flarpy

Well-Known Member
I'm guessing this is a bait and switch. It will attract drivers galore who will put in a ton of rides for the first few weeks then burn out and fail to reach the 1000 rides.

Smart for Lyft... they get a ton of new drivers who put in a ton of hours (at least for the first month or until they burn out) and they probably won't have many $5000 payouts in the end.
 

MiddleClassedOut

Well-Known Member
It depends on the oversaturation....Last year I could do 70 rides/week on Lyft in Philly area.

Feasible if 60 hour weeks? Depends on the market. L.A. has to be saturated, and drive times there are much longer because of the notorious traffic.

I bet some people will just fall short. 70 rides/week for 3 months = 840 rides.
 

Chicago88

Well-Known Member
Yea, I finally convinced my cousin to sign up who lives in downtown LA. He is scheduling his mentor session tomorrow and is eager to start hammering away those 1,000 rides. I am honestly not sure if I could do that many, however he's bound to make anywhere from 10-25K in 3 months Heres another article cashsquad c0m
What????? 10K in 3 months???? Insane, plus you think that's the low side.... Hilarious! Try 5K, maybe.
 

Chicago88

Well-Known Member
I think he's counting the 5k bonus in that.
Okay, that might make sense... The 25K though is still hilarious, Uber has everyone fooled. And yes, I know it's a Lyft promotion, but it's Uber's propaganda that has drivers believing they can actually make decent money doing this job.
 

JGarcia91

New Member
I honestly rarely drive and do software development freelance as my main source of income, but there have been days that I've pulled in 500 dollars(after all fees) after 8 hours and 22 rides during surge periods.. At the BAREST of minimums your rides are going to generally be 5-7 dollars meaning you would make 5K on top of the bonus. In LA my average rides are 8-15 dollars. Do the MATH its not unfeasible to actually make a decent amount of money, but it's a massive commitment.
 

Chicago88

Well-Known Member
I honestly rarely drive and do software development freelance as my main source of income, but there have been days that I've pulled in 500 dollars(after all fees) after 8 hours and 22 rides during surge periods.. At the BAREST of minimums your rides are going to generally be 5-7 dollars meaning you would make 5K on top of the bonus. In LA my average rides are 8-15 dollars. Do the MATH its not unfeasible to actually make a decent amount of money, but it's a massive commitment.
Actually your barest of minimums is $2.25 and at best you'll average $7-8 earrings from $10-12 fares.....at best. If someone is averaging $10-12 raise your hand, join in.... I've never seen that driver. $500 days are almost impossible.... Can you do that 3-4 times a month? No, there aren't enough events that generate that kind of money (St. Paddy's is once a year). No one is pulling in 6-8K a month anymore (maybe NYC but consider the expense those drivers have as well) and let's not forget this is a Lyft promotion which it's 3 times as hard to find riders.
 
I think its very possible, I easily did 70 rides in 35 hours in LA market for 2 weeks straight, but I'm driving for Uber more now as they've had better promotions. I made $681 last weekend with their $35/hr guarantee plus $150 for giving 40 rides plus $100 for I don't know what. Just 15.5 hours.

The best I've done with Lyft is $989 after 38 hours WITH their $150 sign on bonus I got stuck with cause I initially signed up last year but didn't start driving till a month ago, and $60 in passenger referrals. As far as I know, Lyft has no good promos this week, but Uber has a decent 1.8x surge guarantee for long hours, and I can bang out a lot of quick short trips for uber to get the ride bonus as well, but I'm not sure that promo is going on this week(I didn't know it was happening last week).

I don't think LA drivers can make more than an average of $22/hr in LA. Yesterday morning I started strong with $60 in the first hour, but then had shit luck to where my hourly average dropped down to $24/hr for the 6 hours I drove. Oh wait sorry, thats including the 2 2-2.3x surge fares I took for Uber in that time, so it was $18/hr for Lyft, maybe $20/hr if I stayed signed in with them the whole time. This morning came out to an average of $16/hr for 5 hours.

I'm losing faith in Lyft in LA. They have to cap their losses to 50 million a month, and with this $5000 sign on bonus, it seems they won't have good promos going for their current drivers the next few months. Money making time is definitely Thursday to Monday early morning it seems, I'll probably soon cut out driving on tuesdays and wednesdays soon, been consistently the least profitable.
 

Jwhit16

New Member
  • Thread Starter Thread Starter
  • #19
Sounds like it could be done in some markets, but it's an LA only promo. Not sure how pick-up request density is in LA compared to SF, I'd guess slightly busier in SF...
 
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