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Notable Shifts in Transportation Industry Trends

Ridesharing industries are redefining the means of transportation for years. The success of objective aimed at facilitating the customers by providing ride at one’s doorstep brought huge fortunes for companies. Transportation industry trends for the current year indicate that the upcoming developments will further strengthen ridesharing industry.

Transportation industry in 2019 is mainly focused on introducing the variety in types of vehicles. Companies aim to entirely replace the existing vehicle types with autonomous and hybrid vehicles. Bike taxi is making massive gains in all parts of the inhabited world. However, paratransit is the area where most transport entrepreneurs are taking a significant interest.

Redefining Paratransit

Paratransit currently serves as the bridge between public transit and ridesharing systems. It boosts the element of inclusiveness so that every section of society may acquire decent transportation. For instance, paratransit is the top solution for disabled individuals and people trying to create a balance between time and cost.

Furthermore, analysts also forecast that paratransit will fuse distinct industries of ridesharing and public transport into one. Consequently, a passenger will be able to book a bus and a taxi from same mobile app. In an era where transportation industry is striving to facilitate travelers as much as it can,

Level Four Autonomous Vehicles

For over half a century, the manufacturers are trying to enable autonomy in vehicles. The degree of “self-driving” varies considering the expert opinion of previous decades. In the last two decades of past century, researchers failed to achieve a breakthrough in AI. Consequently, the pace of research in AI significantly reduced.

The turn of millennium brought a landmark achievement by the development of efficient machine learning algorithms. Besides, the parallel developments in computer vision also enabled the manufacturers to classify objects from a considerable range and with impressive accuracy. Since the limits of autonomy keep expanding with innovations, the analysts have defined various levels of autonomy.

As a standard, researchers consider automatic transmission systems as the first level of autonomy in vehicles. The two subsequent levels include cruise control and limited self-driving. This limited autonomy at level-three also includes maneuverability and speed adjustment.

Level-four autonomy is the focus of transportation as the transportation industry trends 2019 suggest. Waymo already kicked off level-four autonomous ridesharing cars in Arizona at the end of 2018. Many existing ridesharing companies and emerging startups will follow in the footsteps of Alphabet Inc. to incorporate autonomous cars. With such a degree of autonomy, a vehicle is entirely capable of decision-making under all circumstances. However, Waymo keeps a driver only to intervene in extremely unusual situations.

Entirely driverless vehicles may not be the last level of autonomy – unlike widespread belief. The understanding of customer behavior will enable the manufacturers to customize the car’s environment as per passengers’ wishes.

Shoot with a Scooter

With excessive traffic, regulators are facing a tough challenge of streamlining the traffic – notably, during peak hours. Many industrialists consider scooter as an appropriate alternative. The scooters remained the first choice of courier delivery companies which are now transforming to adopt drones. However, drones are highly unlikely to start commercial ridesharing operations before 2023. Thus, transformation toward scooter is sustainable development.

The scooter services introduced by some transportation giants managed to sustain despite strong opposition from various segments of society. One of the primary concerns of critics is the absence of dedicated bike lanes. These bikes manage to drift between cars and trucks, but often slow down the traffic.

Nevertheless, bike-taxi service will flourish because it facilitates users. Some of the metropolitan administrations in the US are arranging to regulate bike traffic by allocating fixed lanes. The regulations will not only assist administration but passengers and service providers too.

South Asian countries with massive population densities are facilitating scooter ride startups. For an intense insufficiency of MaaS infrastructure, scooter service is the best bet.

Championing Biodiversity with Electric Vehicles

North America and Western Europe are leading with activities for preserving biodiversity. Environmental protection is becoming part and parcel of corporate laws. Administrations encourage businesses, often sponsor the ones, which travel extra miles for maintaining ecosystem.

The transformation toward electric vehicles is attaining a remarkable pace. Travel and transportation industry trends highlight that the major ridesharing and commuting firms in developed world are aiming to adopt electric vehicles completely. In developing nations, the under-availability of electric cars and poor legislative framework allow companies to continue with same thermal vehicles.

The rapidly growing competition is pushing ridesharing companies to introduce electric vehicles before rivals. Passengers also want quick transformation toward electric cars. A survey indicates that up to 85% of passengers can tolerate slight delays in return of environment protection through electric vehicles.

Toyota’s one billion dollar investment in Grab is intended to introduce its Fuel Cell Electric Vehicles in ridesharing. This introduction will also motivate other services to acquire electric cars.

Mobility as a Service

The apparatus for smart transportation system is almost complete. Vehicles offer an adequate amount of connectivity and autonomy. Electric vehicles are already commercialized since long. Now, the ridesharing and commuting companies are waiting for implementation of a comprehensive framework which regulates a network of mobility. A shared network of transportation with mutual control center will emerge soon.

Analysts expect that some cities may feature a limited version of shared Mobility as a Service before 2019 concludes. Governments are welcoming the recent startups as well as established companies to start shared mobility in businesses’ capacity.

In the long run, shared mobility will also include drone taxi. The air transportation industry trends indicate that 2019 and a couple of subsequent years may not see a flying taxi. Nevertheless, they are inevitably going to extend MaaS in the upcoming decades.

Future trends in transportation industry – particularly the ones in 2019 – indicate some drastic changes. The major shareholders in the industry are already preparing to implement one or more of these trends. However, the probability of success for startups is remarkably high due to the demand for these services.

Move ahead of your competitors by incorporating one of these futuristic technologies. Start your free trial with CabStartup today to customize our framework to your business needs.

By Shahrukh Satti 0 Comments

Future Transportation Trends Depict Dominance of Smart Vehicle

The current wave of industrial revolution redefines multiple industries. Many developed countries are working on raising smart cities with intelligent robots working in place of humans. The most notable factor of a smart city is the means of transportation and commuting. By assessing the research and development of recent times, one can forecast the future transportation trends.

This forecast does not depict the trends of distant future. Instead, the inhabitants of developed nations will witness the CASE vehicles roaming on the highways and narrow streets. The CASE – short for Connected, Autonomous, Shared and Electric – vehicles are the essence of prospective smart cities.

The consumers and entrepreneurs will not have to wait much to observe the CASE vehicles. Many companies are inching closer to reveal their products allowing the investors to revolutionize transport industry.

Since many investors are preparing to flow their money in this revolutionary idea, the aspirants should learn how the CASE concept will evolve the industry.

CASE vehicles will transform the Transportation in multiple ways

Economic Sustainability

The future transportation systems will ensure a three-way economic sustainability for investors, commuters and transport administrators.

Sustainability for Investors

Investment in electric vehicles significantly reduces the costs of operation. The US Department of Energy reveals that the fuel cost of a combustion engine is more than twice of that of electric vehicles. The investors can save millions of dollars annually with efficient fuel consumption. These cost-effective vehicles depicting future trends in public transportation move entirely on charged- battery.

The DOE also reports that the maintenance of EVs cost 35% less than that of the combustion engine. Moreover, the costs of EV maintenance are reducing with time as the number of parts is lessening.

Sustainability for commuters

The travelers and commuters will optimize their daily tasks by reducing the time and costs of traveling. The ability to pool the cars by multiple commuters will divide the fare. In fact, Uber and some other ride-hailing services already offer the option of car-pooling.

The commuters will not face the menace of traffic while commuting by CASE vehicles. An autonomous car is able to locate and identify any object from an approximately 250m distance. If the object is another CASE car, the two vehicles can also communicate with each other to adjust their relative speeds. Thus, the bottle-necks and traffic jams will be things of the past.

Environmental Sustainability

The environmental campaigns are strongly supporting the large-scale production of electric vehicles for transportation and commuting. Research indicates that cars with combustion engines emit three times as much CO2 as EVs.

Some buyers were reluctant to purchase electric cars owing to a severe deficit of charging stations. Nevertheless, governments are paying careful attention to increase the number of chargers to meet demand by the end of 2019.

Evolution of Transport Administrative Setup

The contemporary transportation requires extensive management on multiple fronts. In most cities, an entire section of traffic police maintains the flow of traffic and identify the violators.

Many urban administrations are implementing intelligent cameras which identify the vehicle and share the owner’s information with relevant authorities. The database connected with these cameras generates and sends an automated ticket to the offenders. This mechanism is still in the rudimentary stages, but experts believe that it will mature in less than a year.

The autonomous vehicles will further assist the administrators by eliminating the damages and fatalities due to accidents. Research unveils over 1.25 million annual worldwide casualties due to human errors. Analysts label the current status of self-driving cars as level 4.

Level 1 and 2 involved very limited automation as drivers controlled most of the functions. The subsequent level required only occasional intervention from humans while the vehicle was able to control every function. There is essentially no intervention from humans in Level 4. The vehicle requires supervision only in extremely rare cases. This stage is nearing its conclusion.

Final and forthcoming level will enable the cars to entirely decide in any situations. This level may take some time to evolve, but it will not affect the usual operations. Thus, the connected, autonomous and shared environment is highly effective for administrators.

Transport Business Development

The ride-sharing industry is the chief stakeholder of CASE integration in vehicles. Many transport, commute, and ride-hailing companies are investing a significant amount of money on what some call smart transportation system.

Uber is projecting a ride-pooling service with fully autonomous vehicles by the end of 2020. The company has also revealed the plans to introduce VTOL CASE aircraft ride-hailing. It forecasts to start the service in 2023. The analysts expect it to rule the future trends in air transportation. The aircraft called Nexus is a product of Bell which is in partnership with Uber.

Ford also plans to initiate autonomous ride sharing around the same time as Uber. Unlike Uber, the auto manufacturer will use their vehicles. Google’s parent company Alphabet already started their CASE ride-hailing service in Arizona. The service ensures level 3 autonomy where drivers sit behind the wheel to intervene once alerted by vehicle software.

The fresh investors can benefit as much as the established ones. An investor needs to make collaborations with leaders of multiple industries. For instance, collaboration with the auto manufacturer will ensure the acquisition of vehicles on discounted rates.

Moreover, the on-demand taxi concept does not require ownership of the vehicle. Instead, other investors may offer their vehicle to get a share of profit. The only expenditure is the development of an efficient mobile app which enables the companies to monitor and customers to book rides. Thus, an entrepreneur can start the ride-sharing business with little investment.

It is notable that the development is unlikely to result in unemployment hike. While the autonomous software will replace drivers, scores of alternate jobs will be created to govern the future transportation systems.

Act Now!

All these indicators highlight the significance of CASE vehicles in changing the future transportation trends. This is the appropriate time to invest as the smart industry is emerging. Careful planning and efficient implementation can make any startup as one of the pioneers of smart ride-hailing.

To initiate building the ride-hailing software, you can start your free trial right now.

By Shahrukh Satti 0 Comments

Forecasting the Top Ride Hailing Companies of Future

Like other industries, the fourth industrial revolution is causing significant transformation in transportation, commuting, and taxi hailing. None of the traditional taxi businesses has ever been able to reach a net worth of over a billion dollars. However, as many as seven top ride hailing companies have a market value of at least $1 billion. Analysts forecast that hundreds of companies will drift into the billion-dollar club in the upcoming decade.

It is noteworthy that the market value should not be the sole factor determining the top companies of future. Before sharing the brief case studies of top firms, it is essential to define a set of parameters to compose the list of top firms.

Following list reveals evaluation criteria in editor’s choice of companies.

  • Market value indicates the current leaders at the global scale.
  • The Compound Annual Growth Rate (CAGR) is a crucial parameter to determine the top companies. The parameter CAGR highlights the increasing annual demand for services of a company.
  • The criterion includes only the ridesharing companies with a minimum value of $100 million. This point is essential because the studies of failed ride sharing companies indicate that some of them managed to do well in the beginning. However, their systems were unable to sustain the growing pressure from users.
  • The tendency for adopting technology will be among the chief factors in the growth of ride-hailing industry.
  • Finally, the business idea will play one of the central roles in reshaping the index. Many startups are aiming to implement their unique models which may change the leaderboard.

The list below predicts the leaderboard of top ride hailing companies in 2025.

1. Uber

Uber is currently leading the market by miles. The company values at $120 billion by the 2018 year end. The volume is set to increase with the upcoming projects. The nearest competitor is far from catching up in the next couple of years.

The company operates in more than 70 countries now, and the number is expected to double by 2025. Uber’s service area in North America is much larger than Lyft – its closest rival in the region.

The company reveals a number of plans. It aims to introduce driverless vehicles in two years. Since the travelers had reservations about autonomous vehicles, Uber leadership was reluctant of incorporating the service. Nevertheless, the successful launch and operation of rival Waymo in Arizona after testing for millions of miles encourage them to introduce autonomous ridesharing.

Besides, its partnership with Bell is set to revolutionize the industry with Nexus – the pilotless VTOL aircraft. This machine will serve Uber as a taxi by 2023. The leadership believes that the ride hailing business model will receive an overwhelming response. Moreover, the low cost of operation will ensure to keep a high revenue growth.

The reputation of Uber dropped significantly in the past few months after public relations problem. These issues may slow down the progress. Nevertheless, the company is expected to stay on top by 2025.

2. Didi Chuxing

This Chinese company completing on average 25 million per day is expected to make remarkable gains in the upcoming decades. The company is already making efforts to reduce the gap to reach Uber. Didi operates in huge markets where population density is highest in the world.

Apart from the Asia Pacific, the company is rapidly growing in South America. It plans to start operations in urban settings of South Asia. Uber is already on course of revising its policy for Asia after tough competition forecast from Didi. The second most valued taxi startup in the world acquired a Chinese unit of Uber in 2016.

The domain of Didi increased overtime due to successful mergers of local taxi startups in China. The acquisitions of Didi Dache of Alibaba Group and GrabTaxi are notable.

However, the company struggles to define a comprehensive regulatory framework. The leaders spent considerable amount of resources on regulations but failed to enable the drivers to comply with it. It is also struggling on the technological front as the leadership is yet to share their AI and autonomous vehicle policy.

3. Lyft

Uber faces the toughest competition from its North American rival Lyft. Although the number of service areas of Uber is currently much bigger than those of Lyft, yet Lyft is rapidly covering the gap. It is also making gains by declining reputation of Uber due to significant PR incidents.

Both Lyft and Uber offer a range of vehicle types depending on the class they select. However, Lyft outperforms Uber in customer services with better cars and conflict resolution. The service is available in every state of the US and nine cities in Canada. It aims to grow the network in North America up to the level of Uber.

However, Lyft does not show intent to increase its global outreach in the next five years or so. With the same approach post-2025, the company may not remain in the top 10. This is because the countries with higher population density have significant business potential.

4. Grab

This East Asian company is backed by Didi to keep Uber from setting its foot in Asia. The firm makes the list of top ride hailing companies because it faces little challenge from current ridesharing giants. The leaderboard may change if a startup with considerable business model and efficient operations reaches the consumers.

5. Ford

The forecasts indicate that the top four will remain same as now. However, Ford will be the new holder of market share grabbing one of the top five spots. This assumption is based on concrete evidence demonstrating Ford’s five-year plan. The auto manufacturer not only aims to introduce autonomous vehicles but thousands of self-driving taxis as well. The scale of investment highlights the fact that the company is one of the major future players in transport industry.

The manufacturer does not limit this plan to taxi services. Ford wants to be the key player in smart cities with connected, autonomous, shared, and electric transport system. It will expand on the experience of Chariot, RideOS and Spin – its current transport subsidiaries.

The ride hailing demand is growing at a cosmic pace. Contrastingly, the service providers are falling short in meeting the demand. Thus, entrepreneurs have an incredible opportunity to acquire the flourishing market share.

Start your free trial today to implement your mobility startup idea.

By Shahrukh Satti 0 Comments

Ford and Uber Rule CES 2019 Tech Trends

The Autonomous Ride-hailing technologies kept on buzzing in the halls of CES 2019 events. Many nominees including some of the winners of Best of Innovation Award belonged to vehicle intelligence category. The tech analysts are certain that the self-driving cars and the technology associated to it remain the focus of innovators. While many auto manufacturers displayed their autonomous cars, Ford and Uber grabbed most of the public’s attention. Perhaps, this is why both companies are highly featuring in the 2019 CES tech trends.

This article looks into the ways in which the products unveiled by Ford and Uber at CES 2019 will revolutionize the urban transit systems in the near future.

Ford at CES 2019

Ford revealed its autonomous taxi service plan a several months before the start of CES 2019. The automotive giant is set to evolve the concept of mobility to an entire new level. It projects to start the self-driving taxis by 2021. Although Alphabet Inc. already introduced the autonomous cab service in Arizona few months back, yet Ford carries more ambitious plans.

Transportation Mobility Cloud

Ford does not make the highlight of CES for the first time. The manufacturer also made to the headlines last year when it unveiled the Transportation Mobility Cloud. The leaders at Ford believe that this cloud-based platform is going to connected entire mobility system for urban settlers.

Vehicles will be communicating with each other to keep the journey uninterrupted. This platform brings the world astonishingly closer to achieving the milestone of CASE – Connected, Autonomous, Shared and Electric – vehicles.

A number of tech companies are raised by Ford to test the TMC. Many established companies are also partnering with the manufacturer. These companies come from a wide range of mobility channels. For instance, Spin – a company providing dockless scooters – is in partnership with Ford to add the utility driverless utility to this service. RideOS is another company currently in collaboration with Ford. It offers to facilitate the autonomous taxi businesses for their deployment.

Chariot is a successful implementation of the TMC. This shuttle service enables the commuters to travel to work.

Impact of the TMC

Thus, the TMC enables the app developers to connect vehicles from every kind of transportation means. The widespread deployment of this platform will lead to one of the major accomplishments in developing the smart cities. Ford CES 2019 reinforce this assumption.

The most intriguing consequence will be the end of private ownership of vehicles. Ford is on the way to creating an entire new industry without disrupting the existing ones. For instance, the car dealerships will still be operating. The only distinction lies in the fact that the purchasing parties will belong to ride-hailing services. In essence, there will be B2B sales between automobile dealerships and transporters whereas B2C sales will halt.

Until now, Ford is yet to introduce its autonomous ride-sharing service. One can forecast the efficiency of the service by assessing the success of Chariot, rideOS and Spin. Ford is transforming the transportation industry in general and autonomous ride-sharing services in particular through its remarkable inventions. From bustling bus rapid transit systems to scooters roaming in the streets the impact is visible.

Uber at CES 2019

Uber is one of the primary stakeholders of contemporary commute industry. It currently keeps presence in over 70 countries. The pioneering experience of on-demand cab service adds tremendous value to its credibility. The consumers, investors and tech enthusiasts expect the major stakeholders from every industry to share notable inventions. Thus, Uber is preparing to move multiple steps ahead. Its partner reveals, arguably, the most attractive product in the list of CES 2019 tech trends.

Many analysts are predicting the massive vehicle traffic problems in the near future due to ever-increasing cars. The rate of increase in the number of vehicles is alarmingly high. However, the width of roads and alternate routes are not developing with the same pace as vehicle rates.

Uber-Bell Flying Car Nexus

The leadership at Uber is doing more than talking. Bell – one of the top partners of Uber – exhibited the flying vehicle named as Nexus. The VTOL-enabled aircraft is drawing widespread attention since Uber already announced to use this machine for their on-demand flying taxi service. Many commentators project the pilot-less aircraft to cause the same degree of transformation as the introduction of cars for commuting means.

By mid-2023, Uber wants to launch the service. This launch will undoubtedly be a giant leap towards the development of smart cities. The electrically powered, connected and autonomous aircraft wins the support from a wide range of public and corporate circles. These crafts with six fan pods will improve the quality of air along with the CASE vehicles moving on roads.

Impact and Challenges

By the end of next decade, the urban settlers might come across more air-taxi vehicles than the road-based ones. The travel time will be significantly reduced. Many companies are developing software which ensures detection and classification of objects with precision from a considerable range. The embedding of these products will continue the motion of aircraft and vehicles without interruption. There will be no wait time to allow the other vehicle to pass. InnovizOne Auto-Grade Lidar is one such product that managed to win the CES 2019 Best of Innovation award.

The 600 pounds Nexus can carry five people simultaneously. However, Uber is going to face many challenges before realization of this idea. The regulatory bodies are yet to approve this concept. They will decide after assessing all of the potential negative impacts on cities. They will also evaluate the security features by making Nexus to traverse millions of miles before its commercialization.

Commuters also carry fear to travel by a drone. Uber and Bell face a fierce competition to grab the major share of market because many other companies are collaborating to provide air taxi.

Ride-hailing industry is evolving with the advent of intelligent vehicles. There is a huge opportunity for the investors to own autonomous taxi businesses. To grow with us, start your free trial today.

By Shahrukh Satti 0 Comments

Age of Transition to Smartphones from In-Car-System

Science-fiction novels and movies from half a century back depicted intelligent vehicles. The characters were able to operate such vehicles with compact devices. Although some tech-savvy reviewers welcomed these ideas as a correct prediction of future in-car-system, yet many debunked them while labeling them as fictitious concepts.

Astonishingly, the contemporary technology is ahead of what was forecasted in those scripts. Many vehicle-owners are still unaware of the current technological depth. The past scripts exhibited a range of separate devices embedded in the vehicle which allowed the riders to operate various functions through voice commands or by tapping the screens or buttons.

Each of these technologies is not only present in modern vehicles but can be integrated into a highly compact setting, in essence – the smartphone. Very few stories demonstrated the ability to operate a vehicle while sitting thousands of miles away from it. Regardless of the age and model of vehicle, one can have a smartphone app to control the operations of unlocking, music/radio playing, navigation, and a bunch of other cool functionalities.

Ride-Hailing and Smartphone Revolution

The biggest stakeholders of this technology are the on-demand taxi apps like Uber. The ability to acquire taxi services by a few easy taps on one’s smartphone is a remarkable relief for consumers. The ability does not only provide the service to users at their doorstep but ensure security, time management, and efficient fare calculation mechanism as well.

Vehicle owners and cab service providers love this smartphone capability. However, there are very few tech companies which offer development of applications with such features. Thus, the entrepreneurs have the chance to move ahead and fill the void by developing the perfect mobile app.

However, before investing one’s time and the money, it is plausible to run the requirement analysis for transition to smartphones from in-car-system and determine the specific business needs.

Entrepreneurs face the following business challenges.

1. Scope of System

The scope defines the depth and breadth of software. An application can be as simple as comprising only a few pages or excessively complicated to incorporate additional functionalities. The investors should try to keep the system as concise as possible. This way, they can save money and prevent users from finding the application an overly complex one.

The success of Uber reflects in the fact that the interface is easy-to-use but comprehensive at the same time. The essential features should not be traded-off for simplicity.

2. Competition Analysis

The on-demand service is proving to be one of the most successful investments in every region of the world. Still, the new competitors need to assess the established businesses, their packages, and customer relationship management. Although the business keeps the potential to grow despite having flaws, yet entrepreneurs can beat their rivals only by outperforming them.

A successful analysis involves online surveys to determine customer satisfaction levels and their demands. Some of the demands – including a significant drop in fares – will be hard to address but many of them are agreeable. Satisfying the customer needs will rapidly flourish the business.

3. Region of Operations

Most of the world regions, including the developed countries, still lack the on-demand services. The customers end up acquiring poor on-demand services in some areas because the companies do not pay attention to customer satisfaction owing to the lack of competition. The entrepreneurs should consider the following points while selecting the region.

  • Lack of provision of appropriate services by the established businesses.
  • The absence of service in a high-demand region.
  • The index of ease of doing business. This is crucial because the businesses suffer from lengthy registration process and/or law and order situation in some regions.

4. Application Development

Once the scope, competitors and operational region analysis are done, the investors should choose between acquiring a developer and developing the application oneself. If the entrepreneur is skillful and experienced enough, it is okay to give the development a go. However, if there is no prior experience, it would be unwise not to seek the expert advice and services.

The experienced development teams do not only ensure the integration of required features but also enhance the efficiency. A taxi dispatch solution with every feature that a customer may desire will fail to impress the user if it is inefficient. The inefficiency reflects in the form of delays in request processing, data breaches or frequent crashes. No investor would want an application failing after investing a considerable sum of monetary and temporal resources.

5. Enterprise Registration

Every country has a unique set of the enterprise registration process. The business-friendly states assist the startups whereas some states place a range of restrictions which discourage investors. The aspirant business owners should study the registration requirements at the earliest and have their company registered as per the local law. Any negligence in registration may put the business liable to penalties and, ultimately, to termination.

6. Marketing

The marketers need to inform consumers about the availability of a new startup with all of their desired features. Effective marketing of a startup grows it quickly. If the startup is sharing the market with other established companies, more extensive marketing will be required. The entrepreneurs need to make sure that the consumers of existing services attract to their newly inducted company.

Publicity is a way of informing the public about why your startup is better than the rivals. Social media print and electronic media and brochures are some of the traditional marketing strategies. Some new marketing domains including neuromarketing are also making huge gains. The selection of marketing strategy rests on the investors.

Are You an Aspirant?

Making a firm decision is the first but most significant milestone in the path to owning a flourishing business. The selection of industry after careful analysis considerably increases the probability of success. However, the lack of requirement elicitation or poor development and testing may lead to failure. Therefore, the guidance from industry experts is vital.

Cabstartup assists entrepreneurs in transforming their business ideas into reality. Our expert team can help you in every phase including planning, development, testing, and marketing. If you intend to own the most promising startup, sign up today.

By Shahrukh Satti 0 Comments

10 Most Profitable Transportation Business Ideas at Low Cost

Note: The article was updated on January 14, 2020.

Are you looking for transportation and Logistics business ideas? If Yes, read below 10 most profitable transportation and logistics ideas with a low investment that can increase your profit margins manifold.

50% lack of digital culture and training is the biggest challenge that transportation and logistics companies are facing. Technology is leading to new business models, often driven by start-ups that enter the logistics industry. Technological advancements are improving transportation businesses. Data analytics show improvements in customer experience and bring efficiency in operations. New cloud-based transportation business platforms are emerging that are resulting in increased productivity.

Compelling Statistics and Opportunities for the Future:

On-Demand Services Stats

  1. In the on-demand world, 51% of global retailers offer same-day delivery.
  2. In 2019, the order value of same-day delivery merchandise is predicted to reach more than $4.03 billion from $0.1 billion back in 2014.
  3. 49 percent of customers account for millennial generation while 30 percent customers are between the ages of 35 and 54.
  4. 72% of Americans have used on-demand services.
  5. More than 50% of online businesses plan on providing same-day delivery in the next 3-5 years.

On-Demand is Here to Stay:

The on-demand economy will persist because it has already changed the way consumers buy goods and services. Technological innovation is consistently revolutionizing buyer expectations.

Technological innovation in the field of transportation, delivery, and logistics is the most significant development in the area of the on-demand economy.

Like most other industries, transportation and logistics are showing immense change, which brings both risks and opportunities. New technology, new market entrants, new customer expectations and new business models are rapidly changing the way on-demand businesses operate.

There are many ways the transportation and logistics ideas can develop to meet these challenges. In this article, we will discuss the possible startups that can help you in earning a remarkable profit and explore the future of the industry.

Transport business opportunities are emerging globally nowadays. Transportation is the world’s largest industries in the world. Different types of demands have introduced several innovative and profitable startup opportunities in the transport industry.

Transportation and logistics sector is overgrowing all across the world. The success of transportation and logistics companies depends on the education and efficiency of the employees. Aviation, shipping, and ports, land transportation, road freight, and logistics are the major transportation and logistics sector that is overgrowing worldwide.

Over recent years, globalization has increased demands of transportation and supply chain sector. There is no other industry than in the logistics that can improve business performance and serve customers better with on-demand logistics startups. There are vast opportunities to improve performance and help customers better. Adding machine learning and artificial intelligence techniques to data enable bringing improvement in the business. Combining artificial intelligence techniques to information can deliver truly dynamic routing.

There are three modules of an on-demand startup solution. One is a service provider, 2nd is a customer, and the 3rd is admin panel. Service providers can manage and streamline their business operations using the mobile app. The required features can be added to the app that can facilitate in your business running.

Customers can get the required services through the customer app which allows them to make an account and use the services by sitting at your home. Customers can order request which is sent to the relevant person to fulfill that demand. Admin panel can manage various things that are essential for maintaining a business successfully.

Cost to build Taxi App Like Uber

Profitable Transportation and Logistics Business Ideas:

Ridesharing

No wonder rideshare makes the top of this list. A world with widespread shared mobility systems is nearer than most of us forecast. The decade of 2010s belongs to on-demand taxi services that disrupted traditional taxi businesses. Upcoming decade will ensure widespread adoption of ridesharing that would supplement on-demand industry.

Micromobility

The growing congestion in urban areas is occupying public spaces with car parks, wide roads, and multi-tier bridges. Commuters in most developed cities are switching toward micromobility – the mode of transport involving bikesharing services. This business idea does not only save money of end users but service providers also get a cost effective source of revenue.

Ambulance Service

Ambulance services can be initiated in urban and suburban areas. Proper marketing plans are required to get more customers. The ambulance service business provides emergency and non-emergency transportation of people to hospitals, clinics, and medical centers. Business owners can manage ambulance service using the on-demand transportation software.

Auto-Body Store

As the number of vehicles is growing, the business opportunity for an auto-body store is also increasing globally. It is the business of providing services for auto body repairing and bodybuilding as well as selling accessories related to the vehicle body.

Car Rental

A person living in a high population area having a strategic location with business centers and entertainment facility can have a more successful car rental business. Car rental business can be a lucrative and profitable venture for him. Its operation would involve scheduling customer reservations and supply rental cars.

Private Drivers On-demand

People back in the days were reluctant to seek private drivers because they had to pay services cost for an entire day or at least half day regardless of how long they wanted services. However, the arrival of on-demand economy has changed the game in favor of both service providers and customers. On-demand private drivers get multiple times more requests than it used to be while customers have a cost-effective solution.

Double-decker Bus Tour

Double-decker bus tour is beautiful for fun-loving tourists. You can start a double-decker bus tour company with required facilities. The key to success is that it will be suitable in a busy tourist area. The on-demand software solution will be helpful in managing double-decker business.

Driving Service for Seniors

It is one of the most innovative transportation business ideas for startups. Driving service for seniors or paratransit services provide specialized vehicles loaded equipment that assists seniors during traveling. It might involve taking them shopping, to the doctor’s appointment, and attending the social events.

Logistics Company

The logistics company is one of the most profitable transportation business to start with moderate capital investment. The area of operation is vast. Logistics business is generally a particular business and implementation of a complicated process. On-demand platforms can help in managing the logistics company successfully and increasing the revenues manifold.

Car Wash

The on-demand car wash is another smart business to make money at low cost without taking much risk of capital investment. Customers can schedule a wash via mobile app. One of the representatives of service provider would pick the car from customer’s location and drop it off once washed.

There are lots of business startup ideas that you can start using the on-demand solution. It is a quite effective way of managing the business efficiently.

The Bottom Line:

The success in the transportation industry is changing consumer expectations. Transportation companies that fail to implement new technologies and become part of the on-demand economy risk are being left in the dust.

Lots of companies are providing on-demand software solution all over the world. However, the need is to find a reliable company. We offer outclass on-demand white label solution for your transportation business. It is a cost-effective solution that can increase business revenues manifold. If you are interested in on-demand white label solution, Sign Up today.

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Top On-Demand Transportation Tech Companies Other Than Uber And Lyft

Uber, Lyft, Waze, and DiDi are only a few names among the top on demand Transport Technology Companies globally. From London, Paris, New York, China, Israel, and Estonia, these companies are transforming the way we commute around. To commute for work, traveling across countries and long distances, driving around, or just going from a point anywhere in the city, using a trusted means of transportation brand for reaching the destination is essential.

The companies, whom users can trust and their data is secured, can become successful in the industry. However, there are other big names apart from Uber and Lyft that has taken the on-demand transportation industry by storm.

Here are top 7 on-demand transportation technology companies other than Uber and Lyft:

1. VIA:

Via is headquartered in New York City. It is working on to build the top on demand Transport Technology Company across the globe. The company is also making associations extensively with public transit agencies, such as Texas, Keolis in France, Capital Metro in Austin, and Arriva in the UK. Using VIA for a ride booking on your phone costs little more than taking a ride from the bus. Via is on-demand transit company on a large scale. It is a user-friendly transportation service that is highly appreciated by the customers.

The app is currently accessible in New York City, Chicago, and Washington DC, and the company is expanding further nationally. This company aims to capture the market of Austin, Boston, Los Angeles, Philadelphia, and San Francisco and more. The cities VIA is focusing include Berlin, London, Rome, Sau Paolo, and Toronto.

2. City Mapper:

City Mapper has been progressing from being an app that authorizes data to provide commuting services and moving in the cities easier to developing transportation services. The company has recently launched “a multi-passenger vehicle” and private bus services in London to cover various public transport routes.

As cities are complicated, businesses use the power of mobile app to gather data to help people by providing outclass transport services for them. The Citymapper platform allows booking services like Uber and Mobike. The functions of City Mapper are available in almost 40 cities around the world. Citymapper is headquartered in London, UK.

3. BLABLACAR:

BlaBlaCar is a community marketplace that connects drivers with passengers who are looking for a long-distance ride. According to the company report: Over 12 million people use BlaBlaCar, and the company provides outclass service to facilitate people in the best way possible.

With dedicated customer service, a state-of-the-art web and mobile platform, and a fast-growing group of users, BlaBlaCar is making the travel experience more social, cost-effective and efficient for millions of members. The platform is working in 22 countries and facilitating almost 45 million members around the world. BlaBlaCar is headquartered in Paris, France.

Uber Business Model

4. TAXIFY:

Taxify is one of the best on-demand Transport Technology Companies, with more than 3 million users in 20 countries. Taxify app allows users to book convenient and reliable rides with a few taps. Both taxi and private driver companies get them registered with Taxify to get more customers and benefit from the top on demand Transport Technology Companies globally.

Taxify is revolutionizing the way how millions of people move by making on-demand transport affordable in numerous cities around the world. Taxify has more than 25,000 drivers, working in over 20 countries. The company is providing services in large cities like London, Paris, and Mexico City, and its services are also available in smaller cities like Budapest, Malta, Belgrade, Riyadh and Baghdad. Taxify is headquartered in Tallinn, Estonia.

5. DRIVY:

Drivy is a marketplace for car rental that lets you hire a car from among the thousands parked vehicles in the vicinity, providing a cheaper, and quicker car rental service. The company aims to provide an on-demand car service that is much more efficient and reliable.

According to statistics published in the car magazine, the platform possesses more than 40,000 cars in France, Germany, Spain, Belgium, and Austria and a have almost a million members. Drivy is headquartered in Paris, France.

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6. OFO AND MOBIKE:

According to the Bloomberg report, China’s bike-sharing startups Ofo and Mobike are fastly expanding into overseas markets. We are hearing rumors continuously for a few months regarding the two companies merging to make one dominant player in the fast-growing business, value more than $4 billion.

Both Ofo and Mobike allow users to provide bike-sharing services using just a smartphone and electronic wallet to take rides to their destination.

Mobike is the top on demand Transport Technology Companies globally and a clear leader in the bike-sharing industry, assisting 30 million rides in 180 cities around the world per day. The company has planned to achieve the target of 20 million bikes in 20 countries by the end of the current year. Both companies have recently started in the US and Europe. Ofo and Mobike are headquartered in Beijing, China.

7. SCOOT:

Scoot Networks operates a fleet of scooters that are shared, smartphone-enabled, and of electric, Vespa-style, which are currently available in San Francisco. According to the company report, the iconic red electric scooters are expanding beyond San Francisco and finding partners to grow their business of transportation to new cities further.

Scoot is the perfect amalgamation of speed, affordability, convenience, safety, and sustainability for the billions of trips that take place every day in cities around the world.

According to the company report, the electric scooter rental service has been used by almost 50,000 users since it launched in 2012. Keating has recently declared a partnership with Chinese automotive startup CHJ to bring the small electric car with swappable batteries to San Francisco. Scoot is headquartered in San Francisco, CA.

Do you want similar technology solution for your transportation business?

We at Cab Startup provide on-demand solutions for transport companies all over the world. We have a system that is specifically designed for transportation and taxi companies. It is customizable, and updated features are periodically being added to our dispatch solution your needs. If you are running a transport business and want to get a system to manage your on-demand transport services, you can get a free demo of our white label cab booking solution.

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How E-Hailing Applications Improved the Taxi Industry and What’s Next?

E-hailing refers to the process of calling a taxi, car or any other transportation via any device using the internet and GPS. E-hailing needs applications for booking and dispatch. Various companies are providing taxi dispatch solutions containing passenger and driver apps for Android, iOS, a dispatcher panel, and an admin panel.

How E-Hailing Applications Improved the Taxi Industry and WhatGÇÖs Next

E-Hailing App Qualities:

  •    Gives better user experience
  •    User-friendly interface
  •    Loads in less time

Uber, the famous ride-sharing company, has revolutionized the taxi industry, which continues to increase market share, claiming 62 million rides in July 2016, up from 54 million the preceding month.  Extended in 450 cities globally, Uber has revolutionized the transportation industry, but its rise in popularity brings a few questions in mind:

  1. What does this change bring for taxi companies?
  2. How can taxi companies compete with Uber and get back market share?
  3. Will Uber keep on dominating the transportation industry in the future?

Uber Disrupted the Market with the Ease of an App:

How was Uber able to entirely disrupt the taxi industry?

It was achieved by combining modern technology with flexible payment and pricing strategies, while concurrently offering a useful platform for prospective drivers.

It is clear that the car hire industry fits a mobile geolocation app.  Uber recognized this symbiosis and launched its mobile app, which enables users to book a ride, with just a few taps.  They use the GPS of the device to fetch the current location’s coordinates or allows the user to set the pickup point. The user can follow the driver’s current location after booking, in real time.  The app also incorporates a rating system, in which the drivers are assessed at the end of a ride. Uber keeps the drivers that receive an excellent rating from its operation, and take notice of those drivers, showing poor ratings, thereby maintaining a high customer service standard.

To add to the ease of its users, users select the payment method of their own choice and enter the required info only once, which saves the rider’s time and hassle.  Users get driver status and remaining time to reach to the destination increasing the transparency of the service.

Uber’s Platform Supports Competitive Pricing:

As Uber is not like a traditional taxi service, but preferably, a ride-sharing service, it is free of taxes and license fees.  Uber has chosen reasonable transaction costs, that excludes reservation costs, and enjoys the benefits of contracting its drivers as agents, not as employees.  The drivers are also not subject to higher insurance rates or expensive permits and are in reality turning their existing cars, into an income-generating mechanism.  These combined advantages allow Uber a competitive pricing to their customer base while creating revenues to its network of drivers. Potential drivers have the flexibility and possibility to utilize the available resources, i.e., a car and their free time and turn them into revenues.  

Taking on The Taxi Industry:

Uber users are increasing steadily, as a result of their satisfaction from the little pickup time, the enhanced convenience and the lower rates, so there is a resulting increase in demand for drivers.

Due to the “Uber’s Revolutionary impact” there is a decrease in the number of rides a cab gives, leading to a decline in the profits of the medallions.  The increased competition has also led to the end of some taxi businesses that were regularly losing customers to Uber. In San Francisco, the largest taxi company registered for bankruptcy in 2016.

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How Can the Taxi Businesses Compete With Uber?

Customers understand that there are benefits of riding in a regulated and safer environment.  Furthermore, Uber has price hikes at peak hours, in which their prices fluctuate and are less competitive.  Taxi companies should take advantage of this market gap of reliability and set reasonable prices, while promoting their level of service, to win back market share. Taxi companies should consider the following 4 points to compete with Uber and other ride-sharing companies effectively:

1. Offer Alternative Payment Methods

  • Increased convenience to the customers
  • Increase the level of payment security for both the passenger and the taxi company
  • Increase flexibility due to a variety of alternative payment methods available to the passenger

2. Incorporate Apps for Taxi Booking

Much of Uber’s success is due to the utilization of advanced technology and enabling customers to book a ride with an app.  Taxi companies must offer this easy method for ordering a taxi as well to attract more customers. Taxi companies can develop their app or get on-demand solution provider company to establish an e-hailing app, similar to UBER.

3. Invest in Training Programs to Boost Driver Service Levels

Uber drivers are held responsible for their level of service, and they are dismissed from the service if they are not up to the standard.  Taxi companies must attempt to ensure that their drivers provide the same level of service, if not better than the competition. Taxi companies should invest in service seminars to train their drivers regarding customers services.  A similar rating system can be used to assess drivers and those having consistently poor reviews should be criticized to improve customer satisfaction.

4. Keeping Up the Car Maintenance

One of Uber’s benefits is that it contributes newer and more comfortable cars.  Taxi companies must attempt to keep their cabs well-maintained, thereby ensuring their customers’ comfort.  Make sure the seats of the cab are comfortable, and that the air-conditioning reaches the passengers appropriately.  Keep the car clean, and make sure the exterior and interior of the cabs are welcoming.

The Future of Cab Industry

Uber’s current business model has reduced fares, through enabling the lower rates to passengers, yet require payments to the drivers.  These subsidies are considerably the reason why Uber is losing money today, with the increase in ride volume. Uber faced a loss of $2 billion in 2015 and a collective $4 billion loss since inception.  At some point, Uber will need to make changes to ensure a profit-generating business model.

Taxi companies need to consider the Uber model to take a lesson for running a business successfully, to improve their services, utilization of app-backed hiring options and offer alternative options for cash payments.  By improving efficiencies and catering to what today’s market demands, taxi cabs will be positioned to win back the market share.

Uber Business Model

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Key Trends in Public Transit Services For 2018 And Beyond

Technology advancement is rapidly bringing changes to public transportation. In the current year 2018, rapid adoption of on-demand service platforms to manage transportation services is in trend and its urge is going to increase in years to come.

The advent of on demand apps for transport services management, using technology to make the traveling experience smooth and upgrading security, are the leading trends for public transportation in 2018 and beyond.

Public transportation agencies and their supplying vendors are taking notice of the trends in Public Transit Services and developing similar technology for an intra-city public transport system that can run on preset routes.

Mobility as a Service (MaaS) is Becoming More Prevalent:

The technology trends in Public Transit Services in transportation are quickly gaining cache in the transit industry worldwide is called Mobility as a Service (MaaS). MaaS is the utilization of app by consumers to travel from point A to B by leveraging various transportation modes according to their subscribed packages. Several agencies have considered adopting the MaaS model. This year, experts from several regions see MaaS gaining more momentum in the industry. In Northern Europe, Maas is in use that provides an excellent experience to customers with its promise of greater convenience and effectiveness that enables sharing and personalization through smartphones and IoT connectivity. While in the UK, there is an increasing focus on the integration of transport modes towards a MaaS model.

In Helsinki, Finland, people can utilize a mobile app called “Whim” to book and pay for traveling via various modes of public and private transportation such as bus, train, taxi, car share or bike ride. A traveler can enter his destination, a preferred method of transit, or other relevant information, and enjoy the public transit ride. Travelers can pay in advance for the service as a part of a monthly subscription or pay on-the-go through different payment methods. Various companies are providing customized solutions for booking a car, taxi, etc., People can travel and make the payment online with the available in-app credits, cash or credit/debit card.

Many enterprises are aiming to access the MaaS concept to achieve the goal of technology trends in Public Transit Services. Popular cities like Paris, Las Vegas, Denver and Los Angeles are controlling various local versions of MaaS that consider real-time travel conditions, user preferences, time management, cost reduction, and seamless mobile payments.

Driverless buses:

Driverless buses will cut labor cost, which has diverted the attention of public transit managers across the globe. Various companies are working out on this concept and planning to offer their initial driverless bus version in the next year. Mark Joseph, a global chief development officer for Transdev has prepared his company of self-sufficient shuttles that will begin operating on roads by the end of this year.

Furthermore, self-sufficient shuttles will become more prevalent on corporate campuses and airports in 2018. However, liability issues for potential accidents and injuries still need to be worked out. In 2017, the US National Highway and Transportation Safety Administration (NHTSA) released new federal guidelines for automated driving systems for safety. These guidelines show that for the time being, the federal government is moving forward with the guided manufacturers and state governments in this fast-evolving technology.

Autonomous Vehicles: A future trend in the Industry:

News about autonomous vehicles never seemed to end last year. It is predicted that we will be hearing more about them in the next year as the next year will bring autonomous vehicles into plain view and will be used primarily on closed-circuit routes and not on straight public roads.

The survey reports show that public transport users are becoming much more demanding and willing to pay higher prices for more convenient services. Most of them are under the age of 40.

The second major area for innovation in the coming year will be technology improvements according to trends in Public Transit Services to make use of public transportation in urban areas.

Nathaniel “Nat” Ford, CEO of Jacksonville Transport Authority and new chairman of the American Public Transportation Association, mentioned in a speech:

Our industry is evolving at a pace, never seen before. Moving away from current models, to one where there’s a synergy between different modes of transportation, different technologies, and different providers. Technology is being developed every day that is disruptive to our industry. Things such as autonomous vehicles, electric vehicles, and artificial intelligence, to name a few.

The already existing way of transportation via a bus and metro usage in the United States has decreased over the past five years, and transit chief is looking to change their business model using these new technologies to compete in the new mobility marketplace. Transit companies are aiming to adopt new mobility ecosystems. These include peer-to-peer car clubs, on demand privately provided bus rides, TNCs, cars/bike sharing and more.

Eventually, improving transit security is a fast-growing need recognized by developed countries who are aiming to achieve the trending goals. City transit systems are purchasing the latest security systems to monitor and respond quickly to new traditional crime and potential terrorist activity. These objectives are achieved using the security systems that include monitored cameras on buses, trains and in transportation stations, with facial recognition and object identification software solutions. Gas detection and other crime prevention technologies are quietly being implemented in subway stations, and significant data usage is being brought into effective action to better track transit customers.

As it turns out,

Public transportation companies are adopting new technologies for providing riding services. This approach is quickly changing as millennials prefer to travel together to cities via the latest rising services and get rid of their cars. The technology enables new ways to unify mobility options. Latest modes of traveling are being invented and quickly adopted including shared ride services, self-driving cars, and buses. These changes will be increasing in the coming year.

We at Cab Startup, provides state-of-the-art systems for the transport industry to allow traveling via online booking systems. No matter, whatever business you are running, a taxi business, or any other transport business, we provide customized systems to cater all your transportation needs.

Cost to build Taxi App Like Uber

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What is the importance of marketing in making a Taxi Company successful? (Hint: Avoid Bad Marketing).

Over the past few years, app-based taxi companies are increasing in number rapidly. Not only there is an influx of new Taxi App Companies but the overall industry revenue is also growing. Latest trends show that the revenue in the ridesharing segment amounts to US$17,191m in 2018, which is expected to rise to US$30,329 by 2022.
revenue stats in the ridesharing segmentThe industry stats are favorable for taxi businesses. However, all new taxi companies could not become successful. What is the reason?
The answer is quite surprising: Very few business owners are ready to market their services like Uber to become successful. However, they want to get the market share which Uber has captured. Crazy, right?

The ride-sharing market is comparatively saturated in 2018, which shows the significance of marketing for every new taxi company to compete against market giants such as Uber and Lyft.

In addition, the graph below showing consumer behavior illustrates that most of the consumers buy from the brands they trust. Do you know how to develop trust for your brand? It’s about communicating your brand message, which is the result of marketing activities.
People that buy from trusted brandsTherefore, companies without marketing are doomed in the long-run. In reality, those businesses often lead to failure after a few months of operation. We at Cab Startup, care the most for our clients’ business success. We provide an all-in-one on-demand technological solution, which can enable you to conduct effective marketing activities.

How Bad Marketing Techniques Effect Ride-Sharing Business?

Firstly, marketing is the key to attract clients to your business. Hence, without a good marketing plan, making efforts to grow your business is in vain. Lack of marketing activities leads to business failure that vanishes in disgrace.

Ignoring marketing is a wrong decision and a big obstacle in your business success. In other words, you can say that investments in marketing is the investment in the company’s long-term growth and success.

Bad marketing comprises of various forms and shapes that include inappropriate logo or icon, poor social media campaign management, lack of app store optimization techniques and a lot more. Poor marketing techniques can destroy your brand image and customer acquisition efforts.How Bad Marketing Techniques Effect Ride-Sharing Business?

Marketing Mistakes Leading to Taxi App Business Failure:

Giant companies celebrate their success because they have a clear target, plan and marketing activities. Reasons for the new taxi businesses failure is associated with no clear objectives, no clear target, and no brand language.Marketing Mistakes Leading to Taxi App Business Failure:Here is how marketing mistakes can lead to business failures:

  • Very often, companies think that marketing is not more significant and can be addressed later.
  • Marketing strategy is carried out without proper planning and goals.
  • Business decisions are made keeping in mind short-term benefits only
  • Business owners have no interest in researching the target audience.
  • They ignore planning a budget and a road-map for success.
  • Launch the services with a non-branded app.

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Consequences of ‘No Marketing’ for Taxi Businesses:

Small businesses consider marketing expense as an extra burden that is not important for business survival. They think that the budget for marketing is a residual. Moreover, they keep branding for a later stage, which is a big mistake as people cannot recognize the company and taxi businesses stay behind in promoting their apps.

At the later stages, bitter reality comes in front of the business owners when revenue does not increase according to the expectations and planning, that marketing strategy they adopted was panic-driven and unproductive.
Consequences of 'No Marketing' for Taxi Businesses:

Effect of ‘Random Marketing Activities’ on your business growth.

Is doing random marketing stuff the only marketing strategy for your taxi app business? If this is true, then doing nothing for marketing is better than performing random activities. You should realize the importance of a proper marketing plan and strategy.

Random marketing operations affect your taxi business by:

  • Unimpressive results. If you make marketing campaigns and design activities solely on your intuitions then it can have adverse effects on your set KPIs.
  • Failing to achieve your targets. Guesswork will waste your time and money. You might fail to grow your customer base and revenues.
  • Investing in everything ‘marketing’. If you are investing in every marketing channel, you are wasting your marketing budget. [Key takeaways: Focus on marketing channels that work best for you and your target market]

You know what? Research and data analytics is the base for creating a good marketing strategy. If you have not defined your set goals and path to achieve the targets, then you might develop a negative perception for your taxi business among your customers.

Trust is the key element to acquire customers for a longer period of time. Remember? You can develop solid trust only with a defined marketing plan and strategy.

Role of Successful Marketing and Taxi App to Ensure Success:

Implementing basic marketing techniques is the initial step. The next step is to apply advanced marketing techniques depending on real-time data. Making decisions purely on guesswork often fails. Find real-time data to know your clients and their needs is vital to move towards success.

Market analysis is essential for decision making rather than doing marketing on assumptions. Doing a thorough research of important marketing techniques that can bring good results or hiring a taxi app white label solution provider and marketing company to do the job is a wise decision.

A successful business requires marketing based on real-time data, implementing strategies, and the use of a white label solution for your taxi business to get long-term success. It ensures that your business will get more returns over investments.
To ensure taxi business success, you need to:

  • Do research thoroughly about the target market, competitors’ position, and make a marketing plan before launch.
  • Set a budget for marketing activities.
  • Choose professionals to do the branding at least for the taxi booking app and website.

Conclusion:

Do market research and make business decisions using the facts and analytical data. Consider the market specifics and the characteristics of your target audience to forecast ROI. Decide on a marketing budget and hire a professional company for marketing services and taxi app white label solution. If you want success in your taxi business, signup to get outstanding services today.

Uber Business Model

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WHAT CAN BIG BUSINESSES TEACH STARTUPS?

These days a lot of people say that large companies can learn a lot from startups and adapt their methods, and that is true to an extent. However, there is a new question going around the block: What can big businesses teach startups about entrepreneurship? The answer is that there is a lot that startups can learn from large companies, after all, these companies were once startups who made it big. Essentially, if startups pick up the tips and tricks that large companies are leaving them, then they can boost their chances of making it in the unforgiving gladiator arena that is the startup competition.

Here are the key lessons the startups should learn from big businesses:

1. Know your target audience:

One of the reasons why big companies make a lot of essential sales is because they spend a monumentally large amount of time getting to know who their target audience is and what it wants. For example, IKEA spends years on researching the market before it enters a new market. Of course, startups do not have enough time and more importantly budget to do that, but the point is that startups should learn as much as they can about the people they mean to serve. There is nothing worse for startups than spending all their time and budget on making a product or offering service only to find out that nobody wants it.

2. Be tactical with change:

The very essence of startups is bringing innovation and change in people’s lives. However, the degree of change is highly relevant. While people may need or even like changes, they will most likely be opposed to big changes, and of course, that is a huge red flag for any company especially a startup.

What large companies do is that they break down substantial changes into smaller yet still meaningful ones, and slowly introduce them to their target audience. For example, software release management is substantially sufficient for large companies when introducing new software or tools to their employees; software release management handles the entire introduction process without disrupting the employee’s everyday work.

Startups need to monitor how they incorporate change and closely and make it so that the changes they enter into the market do not disrupt the audience enough to make it uncomfortable and ultimately, unwelcoming to the changes.

Cost to build Taxi App Like Uber

3. Be careful with human resource management:

Every large corporation has a dedicated human resource department which handles hiring new employees, bringing them on board and just about everything else related to human resource management. They are extremely careful with who they hire and only take chances on the candidates they feel they can get the most out of.

A startup must take HR even more severely than a big business because its margin of error is nowhere near as wide as that of the large corporation. By hiring the right person, startups may gain a healthy boost that just might turn them into winners, and by employing the wrong person, startups risk losing weeks or even months on a person who does not contribute in any meaningful way and only wastes precious resources. The worst mistake startups can make is not taking human resource management seriously. After all, in a startup, it’s all about the people who do the work.

4. Have a clear-cut marketing plan:

After big businesses finish market research and make their product, they need to sell it, and they can’t do that if people do not know that the product exists; this is why having an extensive and efficient marketing strategy is a top priority for large and small companies alike, from multi-million dollar corporations to new fledgling startups. There are a lot of lessons that market-leading giants can teach the newcomers about marketing, but for the time being, let’s look at these:

i. Startups should streamline their content creation.

Large businesses create a lot of content, but what’s more interesting than what they create is how they create. Generally speaking, startup founders tend to do all the content creation themselves. The lesson is to allow others to create the content and a reliable process of generating the content. It is imperative to remember that the more business sections that startups streamline, the more their business will be able to grow and expand.

ii. Use Videos for content marketing.

Videos are now easier to record than ever, and they visually engage potential customers; this makes them the bread and butter of content marketing. Therefore, videos must play a vital role in any startups marketing strategy, and they can’t just be popular, they must also positively influence a customer’s buying decisions because nearly 50% of people look for videos highlighting the product before making a purchase.

Conclusion:

Typically, people say it is essential to learn from the mistakes of others, but what they usually don’t say is that it is just as vital to learn from the successes of others as well. There is a tonne of lessons that large companies can teach startups, and the lessons mentioned above are only but a few of a long list.

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DIGITAL MARKETING FOR APPS IN THE iOS/ ANDROID MARKET

iOS and Android Market:

As of the first quarter of 2018, the Google Play store has 3.8 million apps, and the App Store has 2 million available apps. Those numbers are nothing if not staggering and are still on a steady rise; this goes to show that the old “If you build it, they will come” saying no longer applies to the app world. Competition is fierce and the people who want their apps to succeed need to put some real thought and effort into their app’s marketing campaigns. Furthermore, seeing as how we are now in the digital age, traditional marketing techniques may no longer be as beneficial as they once were. Therefore, to efficiently market apps we need to look towards digital marketing and all the tips and tricks we can use in that department to put our apps in the limelight. Now the question is, what are some digital marketing tips for apps in the iOS and Android Market? Well, if you already have an app or are interested in buying our solution, then we have a few tips to help you in the digital marketing department:

App Store Optimization (ASO):

The SEO equivalent of the app world, App store optimization is a process that improves an app’s visibility in Apple’s App store, and it is a form of mobile app marketing and user acquisition. ASO and SEO have many similarities regarding how they are accomplished such as having a unique App name, including relevant keywords without stuffing, having an app description that clearly outlines the app’s value and is updated with app update descriptions and release notes. Furthermore, adding screenshots or video tutorials that demonstrate the app’s key features. Lastly, Having favorable ratings and reviews for your app is imperative when it comes to getting potential customers to download the app.

Digital Marketing for apps in the IOS Andriod market

Google’s Universal App Campaign (UAC):

UAC is a tool for app marketing, and it uses machine learning algorithms to perform its tasks. Many app developing companies utilize UAC to promote their applications in the Android Market. Unlike Google AdWords campaigns, you don’t necessarily have to design individual ads when using the Universal App Campaign. The UAC service uses your text ideas and assets from your app’s store listing to create a variety of advertisements across several different platforms including Google Search, Google Play, Youtube, and Google Display Network. The only things you have to provide are the text ideas, a budget, a starting bid, and tell the UAC what languages your ads should be in and what locations they should target. The UAC systems will test different combinations and display those ads which are performing the best, without needing an extra work from you.

Website:

Now we’re going to talk about some traditional digital marketing techniques, the most essential of which is having a site for your app. Having a site offers your site legitimacy, something which shows people that your app is the real deal and that you are invested in it as a business.

Apps for enterprise brands need to be featured prominently across the website. It shouldn’t be a small logo on the side or an afterthought; rather it should have a prominent presence all over the website as long as its presence in a particular place makes sense.

Social Media:

When it comes to digital marketing, having a social media presence is a must because it allows you to directly connect with your potential customers and tell them what you’re all about and show them that you have a real passion for whatever it is that your app is doing. There are two social media methods to connect with your audience, paid or organic.
Organic social media is rather simple; it merely means having a presence on popular social media platforms such as Instagram, Facebook, etc. All you have to do is create accounts and start engaging with people within your target audience and industry in a meaningful way without being overly promotional.
In 2016, mobile app click-through rates went up by 32%, while cost per click decreased by 33%. Essentially, putting some funds behind your app promotion will boost discoverability and get more and more people to migrate to your app. Facebook and Facebook-owned Instagram are effective advertisement platforms since they have vast audiences and are exceptionally skilled at segmentation.

Search Ads:

Apple introduced search Ads when it launched iOS 10, and search ads are paid advertisements within the App Store. What that entails is that you are able to bid for keywords and when a user searches for apps using those keywords, your app appears first. Search Ads are an effective and efficient way of promoting your apps on iPhone and iPad in the U.S. Search Ads are designed to provide a safe search experience which means they deliver relevant ads while respecting the user’s privacy.

Conclusion:

The methods mentioned above are just a few in a nearly endless list of app promotion methods. Treat apps like any other product and focus on robust digital marketing campaigns and keep in mind that the quality of your app’s users is much more crucial than the quantity. Furthermore, ensure that you have a firm understanding of your target audience so that you can craft audience-appropriate ads.

Cost to build Taxi App Like Uber

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What are some startup ideas?

In this day and age, more and more people are moving away from the 9 – 5 job model and are looking to start their own businesses. However, one of the many speed bumps that new business leaders encounter when starting their own companies is what niche the business is going to be a part of and what it is actually going to do. Well, out of question to you is are you looking for some good startup ideas? If yes, then have no fear, for this blog post is going to give you just that.

Are You looking for new idea (1)

On-demand Taxi Business:

In a time when most of our society is opting for public transport as opposed to buying personal vehicles, it would be a wise decision to start a taxi business. It is a healthy and continuously growing industry that will prove to be very welcoming for new business leaders who carefully traverse its waters.
Of course, to be successful in the taxi dispatch service industry, you are going to need a state-of-the-art software application system to host the service on. And in case you do not want to build one yourself, we at Cab Startup are happy to provide you with a cutting-edge white label solution.

Skilled Trade:

Skilled trade includes many different avenues such as plumbing services, carpentry services, electrician services, extermination services, cleaning services, etc. and each one is brimming with business opportunities. Fortunately, given how many different skilled trades exist, the industry has enough scope and space to be a successful environment for entrepreneurs.

If you are skilled in any trades and are looking to expand your outreach, or if you are simply looking to make a successful business then you are obviously going to need on-demand dispatch applications because this industry has also found its way to the on-demand service business model. And of course, you can always opt for a white label solution in which case Odtap would be an excellent option.

Cafes:

If there is one thing our generation loves more than anything, it is food. As such, especially if you are on living in a small town then it would be easier to compete against larger chains such as Starbucks. This is true for various reasons, the biggest of which is that in small towns almost everybody knows everybody, and most people would want to support you and your business. Furthermore, there are other things you can do to attract potential customers such as, being in a convenient location for vehicles, cycles, on foot traffic and offer a pleasant environment with theme appropriate furniture and some light music. Last but not least, you are going to have to make some fantastic coffee served by well trained and well-mannered baristas.

E-Book 3 snippet for CabStartup- Best kept uber secret

Food Trucks:

Usually, when people think of food trucks they think of young people putting creative twists on popular fast food items such as burgers, hot dogs, etc. and that is absolutely true. The main attraction behind food trucks is trying all the new ways food can be made and eaten. But, that does not mean that food trucks must serve unhealthy fast food. Plenty of food trucks offer comparatively healthier alternatives as opposed to their junk food counterparts. For example, this one food truck vendor offers French fries made from apples. While that is not exactly healthy itself, it is still healthier than potato made French fries.

My point is if you or someone you who wants to work with you is good at cooking and if you have some creative ideas for food, then you have a good chance of running a successful food truck, which if you play your cards right, can grow into a larger business.

Business plan consultation business:

Now, this one may sound a little odd, but starting a business that helps clients make business plans is actually a really good idea. More often than not, many new entrepreneurs do not have a lot of business knowledge and as such are incapable of producing a competent business plan.
Anyone who has proper business knowledge knows the importance of having a well thought out and documented business plan seeing as how it aids in gaining investors and it also aids in running the business itself. Therefore, if you have good business knowledge then you can offer your consulting services to new entrepreneurs and in time you can expand it to a full-on consultation business that dabbles in more than just helping people with business plans.

Conclusion:

As you may have already guessed, these are not all the business opportunities that you can pursue, but they are highly popular with large pre-existing markets which shows that if you enter them and if you play your cards right, then there will be a seat on the table for you.

By cabadmin 0 Comments

Road to Future of On Demand Services Industry

Ever since Uber took the market by storm, the on-demand services industry has experienced an incredible rise, becoming one of the most popular industries for most new entrepreneurs. However, just thinking up services and attaching an app to them isn’t enough to guarantee success; to achieve that, business owners need to understand the nuances of the industry they are operating within and how they can mold the business around the on-demand model in a way that works efficiently.

In our day and age, we are at a place where convenience is at the top of our priority list, and since we have experienced a steady stream of high-quality services lately, it has become tougher for new companies to meet our expectations, but if they do, then they will reap the rewards.

Success stories

Now, let’s talk about some of the biggest success stories in this industry:

Uber:

It goes without saying that Uber is most likely the biggest success story in this industry seeing as how it was after Uber came into the limelight that people began paying more attention to the on-demand industry. Furthermore, another testament to Uber’s success is that it has surpassed the $51 billion line with over 40 million riders per month.

Postmates:

For those who don’t know, Postmates is an on-demand food delivery app. The startup provides its services in most parts of the US in over 200 cities. Its major target audience is millennials since they are far too busy to take time out to go to a restaurant for food. Postmates gives them the ability to save time and effort by delivering food to their doorsteps. Moreover, Postmates has already amassed over, $280 million in delivery sales and has partnered with over 7000 restaurants.

Uber Business Model

Airbnb:

If your dream is to travel the world and you are wondering how to find rooms for rent, the Airbnb is the answer to your question. On the other hand, if you have a place you are looking to rent out, then Airbnb is your answer once more. So, basically, Airbnb is the travel app that solves the problems for hosts and guests offering high-quality services for both categories. As of 2017, the company’s annual revenue is $2.6 billion and it has over 5 million lodging listings in 81,000 cities over 191 countries and has facilitated over 300 million check-ins.

Target Industries:

Now that we have talked about who the current leaders in the on-demand economy are and how the on-demand model launched them to the epitome of success; let’s discuss why business owners should consider the on-demand model and which industries they can target.

Transportation Industry:

What has made the transportation industry so successful? Well, it was one of the first industries to be disrupted in the on-demand economy.; this comes as no surprise, but Uber is not the only option out there. There are other options too such as Rydr, Insta Drive, Lyft, etc. More and more cab and taxi business are now switching to the on-demand model, even the companies that existed way before smartphone apps were around have now built their own apps to compete in this highly profitable industry. Customers have become accustomed to the convenience and demand for such services is only increasing day by day.

The Rise of Self-Driving Cars:

What is a self driving car? As the name suggests it is a car that drives itself, and it offers its passengers a level of comfort and convenience like no other. The idea of comfort during transport and the increasing reliance on technology has become a cornerstone for the self-driving car movement. That’s why Alphabet Inc.’s Waymo has become one of the latest hot topics in the industry. Waymo is in a vast lead seeing as how in January they reached a deal to buy thousands of Chrysler Pacifica minivans which will be decked out with sensors that can see hundreds of yards in any direction. No other company is planning on offering rides-for-hire let alone preparing to carry passengers in more than one city this year; this can potentially revolutionize the transport industry and launch it into the new age of automation. It also opens up options for new businesses to invest in self-driving cars for taxi services.

Home Services Industry:

Introducing the on-demand concept into the Home services industry opens plenty of doors for those looking for an opportunity in this sector. Entrepreneurs can start an on-demand business for plumbers or electricians or carpenters or maybe make a more substantial handyman business and incorporate the previous three mentioned businesses into one. Turning such age-old and vital services into an on-demand model will not only prove to be beneficial for the business owners but also prove to be helpful for customers because the current smartphone-centric nature of the world will allow the business to reach a wider audience and customers will have easy access to these services.

Food Delivery Industry:

The food delivery service is one of the most dominant industries in the on-demand economy. According to Techcrunch, online food delivery still represents about $210 billion market opportunity. Furthermore, today’s modern lifestyle doesn’t leave enough time for people to make home cooked meals meaning they need an alternative; this is where the food delivery services come in, and most people are glad that they have.

How to Enter the On-demand Industry:

If business owners do not have the expertise required to build their own app or if they don’t have the resources to do so or if they don’t want to make it themselves, then a white label solution is the answer to their predicament. For every on-demand industry, there is a host of white label companies ready to provide their solutions to any business looking to enter the particular industry. Companies like CabStartup for the transport industry and Odtap for just about everything else are some of the high ranking names in the list of white label companies, and they sell their state-of-the-art solutions at affordable prices to companies of all levels.

Conclusion:

The on demand economy is in high gear and on its way to becoming a role model for all future businesses to come. It is dominating most high profile industries such as transport, food, etc. and it has given rise to the advent of an entirely new sector, the white label industry; all this proves that the on-demand industry is the way to go for future (and current) business owners.

By cabadmin 0 Comments
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