Establish Your On-demand Taxi Services By Launching The Uber Clone. Hello Entrepreneur! Is venturing into the on-demand taxi services your dream? Look no further! Here you have this blog to pour you with all you need to know about the taxi service business and how to develop a taxi booking app. Are you ready to absorb the insights?
On-Demand Taxi Services And The Forerunners
On-demand taxi services are where users will book a taxi, and the service provider will send the taxi to them within a prescribed time. With a single app, users can book taxis, know the price, time, and location of the taxi. Let us know more in detail about the forerunner of on-demand taxi services.
Uber is the most famous taxi service that offers taxi rides at affordable prices. Uber follows a dynamic pricing model or surge pricing, where, fare of the ride will be changing in accordance with demand. Whenever the need for taxis is high, the price will also surge.
As of now, the company holds more than 93 million active users around the globe and has a market share of 71%.
Other than taxi services, there are many other service offerings like courier delivery, food delivery, freight delivery, etc. Many businesses have already started Introducing, “Uber for X” services.
Grab is a successful on-demand services app that is based out of Singapore. The app is successful as it provides multiple services like transportation, food delivery, online payments, and booking accommodations. Another crucial reason for the popularity of the app is, they provide rewards and offers to users that can be redeemed at KFCs, coffee shops, and also Grab bikes.
Uber and Grab are decade-old on-demand service providers that are successful and preferred among users. Now, let us see the business models that can be adopted for your taxi business.
Successful Business Models To Consider For Your Taxi Business
Old School Business Model
The old school business model was rolled out by Yochai Benkler, a professor at Harvard University. This business model was adopted only by Uber which definitely fetched success for Uber. some of the key factors of the old school business model include,
- Gig workers
- Surge pricing
- Different types of taxis for different users
Gig workers are independent drivers or contractors, who will work for the company on a temporary basis. Their earnings will be based on the number of rides they make. After each ride, the amount will be credited to their wallet.
Though Uber was criticized for employing gig workers, still the company surpasses all those criticisms and keeps soaring in its growth.
We all might have come across this phrase, “where there is demand there will be supply.” Surge pricing is a method of calculating the price of the taxi ride, that takes into account the demand for taxis, traffic, peak hours, etc.,
As said earlier, Uber follows a surge pricing business model that guarantees a hefty revenue for the business. You too can consider incorporating the dynamic or surge pricing model and take away profits.
Types of Taxis For Different Purposes
Preferences change from one user to another. The type of taxi will definitely differ from one passenger to another. Uber never compromises customer satisfaction. Hence, they provide different taxi services including
- Uber Pool
- Uber Comfort
- Uber Black
- Uber Green
- Uber Auto, etc.,
Contemporary Business Model
Next to the old school business model, nowadays, taxi service providers are extending transportation services through various vehicles like buses, vans, e-bikes, etc., In today’s rapidly dynamic world, it is highly important to introduce services that are up-to-date and that allures customers.
Other than taxi services, you can also offer shuttle services, school bus transportation services, etc. It is up to you on how to decide the offerings based on the demand and customers’ expectations.
The Business Model For The Future
The future is uncertain. Therefore, you must always have a backup business plan. Transportation services are not only restricted to taxi services but, you can provide various other services like freight delivery, food delivery, grocery delivery, etc., You can integrate any of these on-demand services into your business. The more the number of services you offer, the more is the revenue you gain.
Buckle Up To Launch Your Taxi Services App
Launching your taxi app is just a cakewalk in this technologically upgrading era. Generally, for developing an app, you will have to point your requirements to the app developer, who will then develop a prototype, add functionalities, test thapp, and finally launch the app.
No more such tedious tasks for developing your app. You can simply go with the clone app development. You may ask what is so special about the clone app development. It is a ready-to-launch app, that can be customized according to your preference, and then launched. All it takes is less time and budget. So, the clone app development is effective for you both in regards of time and budget.
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What Are The Available Features of The Taxi App?
Know The Fare
Through the app’s fare calculating algorithm, passengers can know how much it will cost for their ride. The cost deciding factors include the distance between the source and the destination, traffic, surge pricing, etc.,
Know the Arrival Time
Similar to the cost calculator, the app employs an algorithm to calculate the time it will take for the driver to reach the passenger’s location.
Schedule the Rides
Passengers can book their rides with utmost flexibility, using the schedule ride feature. Passengers will have to enter the date of the ride, along with the location details. The app will schedule the ride for that passenger on the mentioned date.
Many people feel insecure about traveling in private taxis. No more such safety concerns, as taxi apps have come up with the geofencing feature. The app will be integrated with a proximity sensor, that will automate alerts, whenever the taxi slips out of the appropriate location.
There are many such real-time features that you can incorporate into your taxi app. In recent times, the Uber clone script is mostly preferred by entrepreneurs using which they can develop a taxi booking app, and look after the business operations efficiently.