How to Start an Uber-Like Business A Step-by-Step Guide
If you want to start an Uber-like business, you should plan it wisely, invest huge sums, and understand the rideshare market. To help get you started here is the step-by-step guide, 1. Know the Business Model Know the rideshare business model. Uber-based platforms work as a marketplace. They mediate between drivers and passengers and a mobile application is created for them. Key money makers include: · Ride fees (a percentage of each trip. · Subscription plans for drivers or passengers. · In-app promotions. 2. Determine Your Niche Study your target market and find an offer that no one else does. For instance: Service underserved areas. · Target niche services, such as luxury rides, senior rides, or eco-friendly electric. · ...