Uber is one of the top taxi dispatch service providers in the world
Uber is one of the top taxi dispatch service providers in the world. They work in more than 65
countries and 575 major cities around the world. Uber proved that on-demand business is the
most successful in the market. Thus, many entrepreneurs and start-ups looking to start their
business journey with Uber Clone.
Though there is a lot of success in the journey of Uber, many have queries about what will be
the future of Uber and where the journey might end? But in my view, there is no downfall for
on-demand business until the next decade.
Many have concerns and questions like,
● Is on-demand business is good for the long run?
● What will be the future of on-demand business?
● How good is the Uber business model?
But the answer is simple. Uber works with a simple business model that is peer to peer service
provider to its users. Let’s deep dive into the topic.
Business Model Of Uber:
Driver/Car Owner:
The driver is one who acts as a connecting point of the business. The drivers have flexibility in
working time and can work both part-time and full time. They can enjoy all the features in their
app like Live location, navigation, profile management, trip management and earning
management.
Rider:
Uber makes it simple for its users as they can easily log in to the portal and book rides in a tap.
With a lot of features available for the user like location tracking, brake points, schedule
bookings and so on.
Admin:
The admin acts as an aggregator between the user and the driver. As the admin controls over
business flow, they have a lot to manage in the portal like user management, driver
management, trip management, payout management, currency management and so on.
Revenue Model Of Uber:
Pay For Service Model:
The user is the who enjoys service from the user and they have to pay for the service that is
provided. The revenue model starts with the rider and ends with the user.
Pay For Earning Model:
As the driver is the one who is enjoying earning, the driver has to pay some commission amount
to Uber for trips that they get from the platform.
Aggregator Model:
The Uber revenue model works in a way that it acts as a medium for driver and rider. Uber
collects the trip amount from the user and after deducting its commission, sends the balance to
the driver.
What Will Be The Future Of On-Demand Business?
A recent review from Harvard Business states that “on-demand business is attracting 27.4
million users annually.” This proves that the on-demand business is in a continuous leap and
expected to penetrate across the globe.
There are many business opportunities in the on-demand market like taxi booking, salon
booking, ticket booking, tutor booking and so on.
If you are interested in starting your own business then, this is the right time to begin your
venture. For more details related to on-demand vehicle booking system.
Read similar articles at Trioangle blog.
Thanks.
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