The evolution of taxi booking apps was the masterstroke that led to the rise of on-demand services in the online marketplace. It has widely impacted the movement of people from one place to another. Rather than waiting for public transport, people are now heading to book their rides through apps. Time is the crucial element that no one wants to waste. The instant taxi booking option comes to a bolt from the blue for those who have spent hours waiting for a taxi.
The ongoing scenario prevailing in the market looks quite promising to grow steadily in the forthcoming years. Moreover, the demand will increase to several folds giving a chance for entrepreneurs to outshine in the market. But in this scenario, you might also wonder about the scope for initiating an online taxi booking service in the next few years. There are several brands in the taxi app market; how differently you showcase your product is what matters the most. Here is a blog explaining about launching a taxi app like Uber.
Riding in a taxi is the easiest thing that we have ever thought of. The taxi apps were earlier pointed only to the niche population. The emergence of smartphones and the internet has made every individual tech-savvy in their own style. With just a few taps and clicks, they could book their taxis effortlessly.
To make this reading even more interesting, here are some fascinating numbers you have to know,
- According to surveys, every day, around 15 million rides take place globally. This number is expected to rise to 100 million by 2030.
- The number of users in the taxi booking app market will increase by 331.2 million by 2025.
- Nearly 70 percent of the passengers have expressed that booking a taxi ride through an online portal is quick and convenient.
- Uber is providing its services to around 10,000 cities in 71 countries globally.
- In terms of active users, Uber has earned about 93 million active users.
- Sixty-eight percent of the US taxi market is occupied by Uber.
- In 2020, they had a revenue of around $11.1 billion.
- By 2026, the Global taxi app’s projected value will increase upto $150 billion.
In this win-win situation, all you need is the right strategies to aim at the market. Some of the strong tactics that will fruitful your taxi app business are listed below,
Most of the time, what happens is entrepreneurs approach app developers to replicate Uber. According to their context, the success of their business lies in the model they have opted to replicate. But the reality is the uniqueness of your product is what decides the destiny of your business. Standing out in the crowd is essential when running a business.
The success of your taxi booking applies to how well you merge with your drivers and customers. You can attract your customers with various discounts and offers to make them choose your app. For example, when a user signs into your app for the first time, you can encourage them by providing free rides for the first time. When it comes to drivers, you can provide more flexible working hours and start their partnership with fewer investments.
The core idea of your business lies in the outcome of your app development. The end-users of your app should feel convenient to operate your app. So, be very careful in selecting the technology stacks you select for the app. Select the best app development firm that has a wide knowledge of handling different technologies to design a perfect backend for the app. Some of the technologies to choose for backend development are,
What is the point in launching an app in a place where there are several players offering their best of services? However, those brands will have a bunch of loyal customers who are devoted to their services. At the initial stage, targeting them is not so cool. Hence, it is essential to figure out the areas that are yet to be covered by apps. Focus on them to launch your app. For instance, countries like Oman, Cyprus, Ireland, etc., have not witnessed Uber yet. You can also aim to launch your app in any of these countries.
Revenue generation is the key aspect of commencing a business. While starting a taxi booking app business, the major mindset of entrepreneurs is to get revenue through commission charges. But depending on only one medium is not the right choice. Therefore, start figuring out the possible ways to generate revenue. To launch a taxi app like Uber, the aggregator model suits you very well.
By partnering with top brands, you can advertise or promote them on your platform. Through this, you can earn your advertising fee. The ride fares vary according to the changing scenario. The surge in the pricing is also a good opportunity to get more income. Now it’s your time to explore more such revenue-generating ways.
A feature-rich app will attract a large number of users. When developing an Uber clone app, make sure it has three provisions. The drivers and users should have separate apps which can be monitored efficiently by the admin panel. Advanced features like advanced booking, live tracking, driver queue algorithm, a heat map view, fare calculator, and multiple payment options should be present in the app for proper functioning.
Now, your major concern is all about the expenses involved in developing an Uber clone app. Generally, the cost of developing an app depends completely on the complexity of the app. However, choosing the best developers’ team from Asia will help you save quite a lot of money. Here begins the real struggle. Start your hunt for finding the best team to support you and launch taxi app like Uber