How To Monetize The Lyft Refer A Friend Program | Ridester (2024)

Did you know that as a Lyft driver, you can make money by passengers and drivers to Lyft?

Making money by sharing a Lyft referral code as a driver is simple. As an existing Lyft driver, you’re provided with a unique referral code that you can share with potential new drivers.

When someone signs up to drive with Lyft using your referral code and meets certain criteria – like completing a specific number of rides within their first few weeks – you receive a referral bonus.

Here’s a quick rundown of the process:

  1. Obtain Your Referral Code: Access your unique code from the Lyft Driver app or driver dashboard.
  2. Share Your Code: Distribute your referral code to friends, family, or acquaintances interested in driving for Lyft.
  3. Track Progress: Monitor the sign-up and ride completion progress of your referrals through the app or dashboard.
  4. Earn Bonuses: Once your referral meets the ride requirements, you’ll receive a bonus as a thank you for bringing a new driver to the platform.

By sharing your Lyft referral code, you can earn extra income while helping to grow the Lyft community.

How to Share Your Lyft Driver Referral Code: A Quick Guide

  1. Find Your Code: Open your Lyft driver app and navigate to the promo code page on your driver dashboard to find your unique referral code.
  2. Share the Code: Tap the “Add User” button, typically located in the bottom right menu of the app. Follow the prompts to share your referral code with friends or acquaintances who are interested in driving for Lyft.
  3. Invite New Drivers: Your referred individual will receive an invitation via text or email containing your referral link, which they can use to sign up as a new driver.
  4. New Driver Sign-Up: Instruct them to sign up using the referral link, ensuring they are eligible for the new driver sign-up bonus, which can vary by city and may require completing a certain number of rides.
  5. Bonus Payment: Once your referral meets the criteria, including passing a background check and completing the required rides (like 125 rides in the first 30 days for a potential $1,000 bonus), both of you will receive your respective bonuses.

Remember, there’s a limit to the referral rewards you can earn, capped at $2,000 within any 30-day period. Sharing your Lyft referral code is a simple way to earn extra income while helping new drivers take advantage of Lyft’s sign-up bonuses.

Referral Incentives for Passengers

How To Monetize The Lyft Refer A Friend Program | Ridester (1)

As a Lyft user, you can earn referral rewards by inviting new passengers to the service.

When you share your personal Lyft referral code with someone and they sign up as a new passenger, they’ll receive a credit that can be used towards their first ride.

The amount of this credit varies depending on the city, typically falling between $10 to $50, which is immediately applied to their new account.

To ensure the new passenger receives their credit, they can either use your direct referral link, which automatically ties the credit to their new account, or enter your specific alphanumeric code manually if they’re signing up on the Lyft website.

Once they’ve signed up and taken their first Lyft ride within the required time, usually within 14 days before the credit expires, they’ll benefit from the savings, and you’ll receive a bonus for referring a new customer.

It’s important to note that Lyft sets a cap on referral earnings; you can’t earn more than $2,000 per week from these bonuses. So, by spreading the word about Lyft to friends and family who haven’t yet tried the service, you can enjoy additional earnings while offering them a convenient and discounted first ride.

How to Find Your Referral Code [For Passenger Referrals]

You can choose one of two ways to find your Lyft rider referral code:

  1. Referral code
  2. Refer straight from the app

Open your Lyft rider app and find the option that says, “Promo Code”.

Share that referral code with your friend or family member and tell them to enter it when they sign up for their new Lyft account.

Take these steps to refer new riders from your rider app:

  • From iOS phones, tap “Free Rides”
  • From Android phones, tap “Earn Cash”
  • Find the “Share” button and tap on it to see your referral code
  • Send the code to your friends by following the on-screen directions

Lyft then sends your friend or family member a link to use when they sign up for their Lyft customer account.

Remind them to take their ride as soon as possible so that each of you gets the financial benefits that this process promises to give you.

Places to Share Your Lyft Referral Codes

Sharing your Lyft referral code can lead to incentives for both you and the new driver once they meet the qualifying criteria. Here’s how to effectively spread the word:

  • Business Cards: Distribute business cards with your referral code in social venues like bars, which can be a hotspot for potential new drivers or riders.
  • Online Platforms: Utilize your social media accounts or personal blog to reach out to a broader audience about the benefits of driving with Lyft.
  • Direct Engagement: Engage in conversations with your passengers about the opportunities Lyft offers, which could inspire them to sign up as drivers themselves.

When someone signs up with your code and completes the requirements, you’ll typically see your referral bonus credited to your account in one to two weeks.

Remember, Lyft will provide both you and the referred new driver with confirmation and details on the earnings guarantee via email.

How To Monetize The Lyft Refer A Friend Program | Ridester (2024)

FAQs

How much does Lyft pay for referrals? ›

Maximum Referral Rewards for Referred Riders. The maximum amount of Referral Rewards that Lyft will pay for Referred Riders is $2,000 per week (either in cash, Lyft credit, or a combination of the two).

How does Lyft refer a friend work? ›

In select cities, you can refer your friends to Lyft and get coupons, credits, discounts, or other promotions. The rider you refer must be new to Lyft, meaning they've never requested a ride before. To refer a new rider, open the Lyft app main menu and tap 'Refer a friend.

How do refer a friend programs work? ›

A referral program is an ecommerce marketing strategy based on word-of-mouth advocacy. Referrals can be generated in many different ways from customer recommendations to official ecommerce marketing partnerships to increase brand awareness and boost sales.

How do I get my Lyft earnings? ›

Lyft Direct payouts will turn on automatically once you're approved and your account is activated. Download the Lyft Direct app to get immediate access to your virtual card and start receiving your earnings instantly after every ride.

Can you make $1,500 a week with Lyft? ›

Together, they can pull in $800 to $1,500 a week, although that top end is rare. How much do Lyft drivers typically make? Earnings are largely based on how much they work and how they manage their time.

Do you get money for referring someone to Uber? ›

Yes, you can. As long as your invitee signs up to drive or deliver in the same country as you and completes the required trips in the time period allowed, you can earn the referral reward offered in that city. How do I refer someone on desktop?

How do I get a big bonus on Lyft? ›

Ride Challenges allow you to earn a bonus when you give a set number of rides within a set time frame. Here's an example of what a Ride Challenge may look like: Complete 20 rides between Monday 5 AM and Friday 5 AM to earn an extra $100.

How much do you get for Uber referral? ›

You can earn free rides by inviting friends to sign up and ride with Uber. To see your invite code, tap FREE RIDES in the app menu. When a friend signs up with your invite code, they'll receive a free first ride (upto ₹50).

Can someone else pay for my Lyft ride? ›

As the organizer of the Lyft Family account, you can share your payment method with up to five family members to pay for rides. You'll also receive notifications for rides taken by Family members. As a member of a Family account, you can tap Lyft Family as a payment method before requesting a ride.

How do you make money by referring friends? ›

  1. Paytm Money. This broker application has an appealing pricing structure and a solid referral program. ...
  2. Upstox. In India's capital markets, mutual funds and stocks are traded using the Upstox software. ...
  3. IIFL Securities. ...
  4. PhonePe. ...
  5. Google Pay. ...
  6. Amazon Pay. ...
  7. CRED. ...
  8. TaskBucks.

What app pays for referrals? ›

The GetResponse referral program is designed for customers who want to refer a friend or an associate. It is an easy-to-use program that is available in the GetResponse app. The customer and their referrals both receive a $30 credit. For higher rewards, GetResponse also offers affiliate programs.

How do referral agencies make money? ›

Agency referral is the process by which your customers (or sometimes partners) refer your agency to viable prospects, usually in return for a commission or referral fee. This is a common practice in the marketing and advertising industry, as it helps agencies gain new business and generate more revenue.

Who pays more, Uber or Lyft? ›

Key takeaways: Uber drivers average $19.73/hour. Lyft drivers average $17.49/hour. Averages vary drastically depending on local rates and rider demand.

How do I increase my Lyft earnings? ›

10 Ways to Make More Money with Lyft
  1. Choose locations strategically. ...
  2. Drive during peak hours for prime-time rates. ...
  3. Leverage local events. ...
  4. Lyft promotions. ...
  5. Cancel rides with long wait times. ...
  6. Maintain a higher driver rating. ...
  7. Earn more tips. ...
  8. Get new drivers to sign up with your referral code.
Jun 6, 2023

Does Lyft report earnings to IRS? ›

1099-K. If you earned at least $20,000 in ride payments and gave at least 200 rides, you'll receive this official IRS tax document. You may have a lower earnings threshold depending on your state. The 1099-K shows the total amount passengers paid for the rides you gave in the year.

How much do people pay for referrals? ›

It is sometimes called a finder's fee and is used in many industries, like insurance, real estate, and retail. The fees, typically in cash, could be anywhere from 5% to 25% of the total sale, depending on the type of transaction.

How much commission does Lyft take from drivers? ›

Uber & Lyft took 30% or more in commission on many more trips in 2022 than in 2019. In February 2019, the companies took 30% or more of the fare on about 9% of the rides. In April 2022, the companies took a 30% or more cut of the passenger fare for 29% of all rides.

How much can I realistically make with Lyft? ›

So exactly how much do Lyft drivers make? Well According to Indeed, the average Lyft driver earns $21.51 per hour. This number is based on 91 salary estimates from employees and features a low of $7.25 per hour and a high of $44.25 per hour. It's a little more than what you can earn on Instacart.

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