If you love your car and love making money, there is a great job out there waiting for you. In today’s fast-developing technology landscape, drivers looking to make some cash on the side have found a new way to earn big bucks: Ride-Sharing Applications.

According to recent reports, drivers that work for ride-share companies can make between $60,000 and $90,000 a year on their own schedules. Compare this salary to the average trucker ($40,000 per year) or taxi-driver ($25,000) and you’ll see why so many drivers are looking to switch. On top of the bigger paychecks, drivers have fewer licensing fees, more flexibility with their work schedule, valuable job perks, and the chance to drive their own vehicle.

Work for Uber, Lyft, or Sidecar 

Ride-sharing businesses have been ramping up their efforts to recruit new drivers in 2014 because of the booming popularity of their new services. The more drivers they have, the more useful their service becomes. The top ride-sharing businesses are Uber, Lyft, and Sidecar. Each company has their own perks to draw new drivers, but depending on the type of work you are looking for, one company may be a better option than the others.

Driving for Uber or UberX: Pros and Cons

Pros

  • Amateur driver’s application is easy to complete
  • Provides financing for a new car if needed
  • Provides iPhone for drivers to use Uber app
  • Biggest company by net worth

Cons

  • Predatory sales tactics
  • “Surge Pricing” that does not compensate drivers equally
  • Drivers pay more fees to Uber

Driving for Lyft: Pros and Cons

Pros

  • Covers some car insurance for drivers
  • Active social community for drivers and riders (“Driver Hangouts”)
  • Potential to add tips onto fare as amateur driver

Cons

  • Tougher application process for amateur drivers
  • Assigned work shifts and hours
  • Pink mustache required on the hood to identify Lyft cars

Driving for Sidecar: Pros and Cons

Pros

  • Flexible scheduling
  • “Grassroots” company with tight community
  • Better scheduling and pricing algorithms

Cons

  • Interview and training required
  • Less popular than Uber and Lyft, fewer riders
  • Fewer locations to work