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All You Need to Start Your On-Demand Water Taxi Business

In the past few years, the taxi industry has been completely revolutionized and has changed the market dynamics. After the introduction of the Uber model, on-demand technology has continuously improved and has reformed the ride-hailing services. These not only include the taxi services but also paratransit, airport shuttle, bike, chauffeur and water transport.

CabStartup is a cloud-based software that provides ride-hailing solutions to taxi companies solving all their taxi service problems. Cabstartup helps automate the ride dispatching process and location tracking all the while giving the customers ease in ride booking with ingenious passenger mobile apps. Water Taxi is one of the many services provided by CabStartup and has been successful in sustaining water taxi entrepreneurs with advanced technology. It is a major boon in the coastal areas and people who have adopted the on-demand model have started earning more profits.

Why On-Demand Water Taxi App is a brilliant idea

Water taxis do not only provide a quick, cheap and unique experience to tourists for sightseeing but can also become a daily source of transportation for commuters to catch a ride to their workplaces. These people will more likely prefer a fast water taxi service instead of struggling to get on time through the heavy traffic at rush hour.

Another reason why providing on-demand water taxi services is a good idea is that the target market is very broad. Tourists, commuters, leisure seekers; all use water taxis. Thus, a water taxi business provides such a service that is always in demand and is used every day resulting in daily revenue generation.

What does it take to start a water taxi business?

A successful business must have a sound business plan. Thus, it is crucial to consider the following points to devise a successful water taxi business plan.

What are the start-up costs?

You must have the budget and funding required to cover the initial costs. The primary components to start a water taxi business are:

  • Passenger boats/vessels to get you started.
  • Fuel; It is more profitable to invest in electric vessels powered through solar panels.
  • Signage of the vessel
  • Marketing and advertising cost of the water taxi business
  • Development of the water taxi app

The Target Market

Although a large portion of the water taxi demographic is comprised of tourists but water taxi service can be more than just for tourism. Incorporating water taxis into the public transportation system can garner skyrocketing profits and more riders. Consumers all around coastal areas have realized the benefits of utilizing the on-demand water taxi services and consider it an economical commuting option.

Revenue Generation and fares

The primary source of revenue regeneration is from the rides the water taxis transport. The fare calculation depends on the location and the specific service offered.

Market and Competition

Make sure to check out the competition in the coastal area and find out how strong it is. If the competition is too tough with already established loyal customers then it would be wise to start the water taxi service in another area or try to come up with a unique value proposition that makes you stand out.

Establishing a legal entity

For starting a water taxi business, it is very important to establish yourself as a legal business to prevent you from being personally liable in the situation if the service is sued. Moreover, it is also very crucial to obtain all the necessary permits and licenses. Getting Business insurance to protect the financial wellbeing of the water taxi service is also beneficial to recover if a loss occurs.

What is the growth potential and how to make more profits?

Fuel costs and vehicle maintenance costs are rising everyday due to which consumers are seeking out alternative transport sources. An on-demand water taxi app solves these problems and will only grow with the future as the customer needs increase. Once the business has started, you can make the water taxi service even more profitable:

  • Adopting hybrid-electric powered boats which can reduce expenses.
  • Hosting dinners or sunset cruises
  • Offering transportation services for materials when there is a lull in customer activity.

CabStartup ’s White Label Water Taxi Solution

Cab Startup offers a taxi dispatch platform in the form of iOS and Android applications affixed with various features so that the user gets the maximum benefits.

Driver App

The Driver app allows the driver to sign up, create an account and login. A driver can review information regarding the previous water taxi rides and determine safe routes.

Passenger App

Passengers can easily book the rides right at the harbor and the cloud-based solution offers passengers a trouble-free smartphone booking process. Passengers can select the drop off locations and send requests to a nearby water taxi. Promos and referral codes allow passengers to avail discounts and share their referral codes.

Admin App

Admin is provided with all the required information for monitoring the ongoing water taxi rides and the business activities. It includes driver tracking and filtering. Admin can manage the promo codes offered and also set up different fare rates for different coastal areas.

Dispatcher Panel

It is designed to keep the water taxi business owners informed about all the alerts and updates in real time. The option to regulate the water taxis, drivers and passengers at the same platform enhances the dispatch method. Moreover, there is a choice between auto dispatch framework and manual ride dispatch.

Water Taxis Australia – Our Water Taxi Success Story

Water Taxis Australia provides on demand water taxi service all across Australia and can process hundreds of requests per second using cloud hosting. Today it is trusted by more than 1,780 passengers and the numbers are still growing. The reason for this success is that Water Taxis Australia is not just a ride-sharing service rather it is simply a clever smartphone booking system. This seamless and trouble-free smartphone booking process is the reason that Water Taxis Australia is a success story.

Now that you know what it takes to start a water taxi business, you can launch your own on-demand water taxi app using the tried and tested CabStartup platform. Start your two weeks trial today and stand out from the crowd with the best on demand cloud dispatch system in the Taxi industry.

By cabadmin 0 Comments

How Technology Can Help the Taxi Industry?

The technology and taxi industry are complementing each other which is gaining momentum day by day. The taxi industry caters for about 15 million commuters a day, that include workers, school goers, and women. It is the most used mode of public transport, which is making an estimated R90 billion annually.

Technology has adopted by various taxi companies. Uber and Grab are big names that are getting great benefits using the taxi app dispatch solution. Seeing their success, different taxi companies are using taxi apps to boost their business revenue.

Significant changes are undergoing in the taxi industry. Ten years ago, the norm was to wait for a cab to get a ride. However, technology has paved the way for massive change, influencing the entire industry. Now, businesses prefer using white label taxi dispatch solution. Many taxi businesses use CabStartup white label taxi dispatch and fleet management system as it is efficient and productive for managing taxi businesses.

The taxi industry has become competitive because of the arrival of various taxi companies that are continuously rising in number to fill the rising demand using the white label taxi dispatch app.

The use of technology is significantly contributing to dealing with the challenges faced by the taxi industry. The purpose of technology is to meet consumer needs by adopting latest technologies like Uber and Lyft, thus improving the taxi industry.

These apps are becoming more convenient for smartphone users. Taxi companies manage their routes, fleet and keep track of their members for emergencies using these efficient ride-hailing apps.

Ride-hailing industry estimated global worth is $108 billion. Currently, there are on average 15 million ride-hailing apps globally which are expected to rise to 97 million by 2030.

Service Strategy:

The goal of Uber and Grab is to retain drivers and passengers by providing excellent quality service. Most of people prefer using them because of various benefits and convenience it offers. Their goal is to pick the passengers on time and drop them safely at the said destinations. Passengers expect a certain level of comfort from Uber, Grab or any other similar taxi company.

Benefits of Using Technology in the Taxi Industry:

There are multiple benefits of using technology in the taxi industry. Below are some of them:
1. You can hire a taxi at any time of the day
2. You can book a taxi either from your mobile phone, laptop or tablet.
3. You can cancel the booking if you don’t need a cab anymore.
4. You can share your route, details of the trip with your partners or friends if required.
5. You can book a taxi in advance for a few hours later ride.

Taxi Apps for Ease and Efficiency:

The introduction of taxi apps has seen a dramatic change to the old norm. The customer does not need to wait for long times as bookings are made on the phone using the taxi app.

CabStartup has developed apps for some of the world’s leading taxi companies, helping them to stay competitive. It helps to book a taxi with an app, leading to a streamlined and efficient system for taxi companies.

Transparent Cost:

Driver app shows the nearest fares to the driver within a particular area. The app shows customer’s fare by considering the distance, time of day and traffic. Most taxi apps employ cashless payment methods like credit/debit card. With the latest payment technology, passengers can pay faster than ever before.

The calculation is completed before the driver has arrived at the customer’s pickup location, putting customers at ease over the price of the journey and ensuring a fair system for drivers.

Ensure Safety:

Taxi drivers submit their details to the company before providing their services. Their services are monitored in different ways. They are licensed professional drivers, therefore; taxi companies ensure safety of their passengers.

Efficient System:

The decrease in calls is most likely in a traditional system. On-demand mobile apps allows customers to get the services using the efficient system. It also decreases confrontations between drivers and customers. CabStartup implements a driver rating system to ensure drivers are professional in driving and providing customer service. It adds peace of mind for the potential passengers.

Cloud Dispatch Systems:

Cloud dispatch system are the best examples of using technology that are helping business owners in bringing efficiency to their business and increasing revenues. GPS tracking feature is used in the fleet management system to locate its drivers.

Drivers can pick the customers within two minutes. It is an automated system that offers a comprehensive solution in terms of efficiency and productivity. The taxi company gets an efficient booking system from a reliable mobile app development company to maximize their ROI.

Taxi apps allow the efficient system, reduce journey time, increase safety, and improve the business flow. Technology enables the taxi industry to undergo a remarkable change.

We provide a white label taxi dispatch solution for taxi companies all over the world. It is an efficient and comprehensive solution that can be customized according to the business requirements. If you are looking for a taxi dispatch app solution, Sign Up today!

By Syedah Mahtaj 0 Comments

Unsustainable Taxi Startups in a Prosperous Industry

Since the inception of smartphone revolution, an impressive number of startups made their mark on various industries. There is a significant increase in the rate of emerging businesses owing to the remarkable developments in technology. Taxi app companies alone are the reason behind an industry worth $40 billion. However, many taxi startups fail to sustain for longer periods due to inflexibility in the business models.

One of the previous articles explore the reasons behind the most successful taxi app solution. Contrarily, this article discovers the causes of failure – specifically, due to the deficit of sustainable policies. It also mentions brief case studies and recommends an appropriate path to ensure sustainability. Although a substantially high number of taxi businesses flopped, yet this text emphasizes the ones which nosedived after making a decent start.

Lack of persistence remains the primary cause behind flopped cab startups.

Karhoo

It was a promising initiative started in London. It raised sizable funding within weeks of its launch. The taxi app attracted over 0.3 million users in the first couple of weeks. The business model was disparate to the existing companies but was favorable. It did not challenge the established operators since Karoo did not keep paid drivers. Instead, the London taxi app complemented the competitors’ productivity by finding rides for them and got a commission in return.

However, Karhoo went into bankruptcy in less than six months after making a dream start. The executives invested in subsidizing the rides to increase the user-base since they were expecting funding from multiple sources. Although the company was attracting investors, yet none of them promised the cash flow.

Consequently, the taxi app business ran out of money. The employees worked without salaries for few weeks before succumbing to the impending bankruptcy.

Sidecar

Analyst labeled it as one of the fiercest competitors of Uber and Lyft. One significant element that distinguished this on-demand taxi service from the giant competitors was the ability to incorporate new features. The features like rating drivers and choosing the driver of choice apart from others made the company stand out. These driver friendly policies were highly praised in the industry.

However, Sidecar failed to address the problems of users – the actual force behind the business. While Uber app and Lyft allowed booking in three taps, Sidecar required traversing through multiple choices before finally getting a ride. In an industry where most of the consumers require quick actions, Sidecar took few minutes to schedule a ride. The time driver took to reach the pick-up location was aside.

Uber in Korea

Despite making impressive gains around the world, Uber failed to attain traction in a developing country as good as South Korea. In all these years of Uber’s global success, it could only introduce and sustain UberBlack in Korea – that too up to a minimal extent. The core cause holding Uber is the firm grip of the local taxi union and strict regulations from government.

Amid such circumstances, CallBus – a local startup – successfully started and consolidated its position. CallBus founders learned from the case of Uber and introduced a service which did not pose a threat to taxi businesses. It offers only the night time services. During these hours, the number of taxi drivers is extremely low, but the passengers are somewhat higher.

In-depth Failure Review

The primary reason for failure of Karhoo was the lack of sustainable funding. The company made excessively ambitious plans considering the initial influx of money. However, it choked in the long-run as investors delayed the promised money. Taxi app industry requires promotional packages to attract customers, but this practice should not stand at the cost of entire volume of bankruptcy risk.

The acquisition and successful remodeling of Karhoo by Renault indicate that solid funding source can sustain business considerably long time.

The case of Sidecar indicates that the on-demand taxi companies should emphasize customer journey map – the hypothetical paths which customers travel to acquire services. Sidecar introduced many exciting features which the top taxi apps could not offer by that time. However, it missed on one of the crucial elements – customer facilitation.

The case of Uber presents a significant factor for the success of any startup – the respect rendered to and collaboration with the local community. The government disregarded the stature of Uber and all the facilities that it could bring to the riders in favor of local taxi community.

However, CallBus is successfully running by targeting the areas where service was insufficient to meet the demand. Apart from night-only services, the company employs taxi drivers who are helping them in attaining support in the taxi union.

How to sustain business in dynamic taxi app industry?

By considering the three cases and a bunch of other studies, one should ensure that the startup complies with the following principles.

  • Avoid expansion in regions where an adequate amount of funding is unavailable. One should make sure that the prospective investors make an investment before starting on an ambitious plan.
  • Cosmetic changes in taxi app should be among the last features to add. The on-demand cab startups should strive to eliminate any shortcomings which prevent customers to prefer the service over its rivals.
  • Regardless of the size of business, the local regulations the primary factors to consider while scaling up. The service should be tailor-made to cater to the specific needs of the local community.
  • The companies should ensure to embrace newer promising technologies. It is notable that technology, which disrupted the traditional taxi business, can uproot current businesses too. Thus, the incorporation of technology is essential. Uber already revealed plans to introduce flying pilot-less taxi to address the growing traffic concerns.

Invest Where it Matters

It would be highly inappropriate for a taxi app business to flop despite knowing the causes of failures. The demand for services is big enough that arrival of many new successful startups will not create saturation. All a business enthusiast needs to do is to ensure the facilitation of customers and to invest in the appropriate technologies.

Your taxi startup should not lead to failure as long as CabStartup is the underlying platform. Start your free trial today to evaluate our platform. Let’s grow together!

By Shahrukh Satti 0 Comments

How Private Hire and Taxi Industry Has Evolved?

The taxi and private hire industry have come a long way since the horse and carts of the 1600s, but, in the last 25 years, the industry has seen exponential growth with the emergence and continued development of a variety of technology solutions.

In this article, you will get the knowledge regarding how technology has helped shape the transport industry, from pen and paper to mobile data terminals and cloud-based dispatch software.

Pen and Paper:

In the early days, the taxi and private hire industry procedures were simple. Bookings were used to come in from passengers, the office had to record the details and passed the info on to the driver. Drivers had to complete their job and then return to the office to get the next one.

Booking Systems / Databases:

As the popularity of taxis continued to increase, simple booking systems such as plotting boards started to emerge. These systems allowed dispatchers in the office to schedule bookings as they came to complete their duties successfully.

The use of tracking and plotting boards was the start of booking systems as we know them today. By knowing roughly where their drivers were, and perhaps more importantly, where they were going to be, firms used to provide better customer service and process jobs quicker.

Data Dispatch Systems:

With the development of tracking and plotting boards, specialist technology companies saw an opportunity to develop solutions to help firms improve their services even further. Early innovators offered data dispatch systems designed to improve efficiency and overall profitability.

Furthermore, the new systems were among the first to link a computer system in the office with a vehicle, enabling information to be transferred between the two. It started with simple details such as driver location and car availability, improving the experience for all involved.

Mobile Data Terminals (MDTs):

As more and more data dispatch systems were developed, the importance of Mobile Data Terminals (MDTs) increased. These terminals played a crucial role in transferring data and information between offices and vehicles and helped drive the industry forward.

Early Mobile Data Terminals were limited in their functionality and used radio waves to transmit data. As technology advanced, Terminals using GPS such as Autocab’s D21 came and went, and were replaced by hybrid systems combining both radio and GPS such as Autocab’s Sigma+.

Further advancements brought driver aides such as rolling maps, integrated satnavs and touchscreen displays (Autocab’s Minos) as well as GPRS only systems and started the transition towards personal digital assistants (PDAs).

Personal Digital Assistants (PDAs):

As the taxi and private hire industry began to transition to PDAs, a new threat to the industry emerged. Uber, based in the US, entered the market in 2010 and sent shockwaves through the industry. Taking advantage of mobile app technologies, they provided apps for both passengers and drivers; enabling them to achieve 100% automation in the process.

Both Uber and the existing technology providers made the switch to PDAs; the industry was able to send more extensive and more detailed data packets between the office and drivers, taking advantage of the extensive GPRS networks, offering passengers unparalleled customer service. Nowadays, passengers know who their driver is, what car they drive and, in the case of passenger apps, exactly where their driver is and when they’ll arrive.

Also Read: Make your Business Productive with Driver Dispatch Solution.

Cloud-based Systems:

With the widespread adoption of the internet, it was only a matter of time before dispatch providers deployed their software via the cloud. Cloud-based systems have enabled staff in offices to log on and work from any location.

The switch to Cloud-based systems is just the latest in a long line of developments in the transport industry. Now, passengers can book a car over the phone; using Interactive Voice Response (IVR) using a mobile app.

Advanced cloud-based software is available that is revolutionizing the on-demand industry. Uber is a famous example of managing staff and providing services using a mobile app. Uber-like ride-hailing platforms are available to improve the performance of the transport industry.

We offer a white label solution for transport industry that is reliable and secure in managing business tasks efficiently. If you want to get a white label taxi dispatch solution for your taxi startup, contact us today.

CabStartup Cloud Solution Guide

By cabadmin 0 Comments

Top 9 Ways to Attract More Customers for Your Taxi Company

If you are running your taxi business in a traditional way, you can lose a lot of profits. The advanced form of doing business lies in the on-demand solution. If you want to compete with others, then you should use the on-demand business model to ensure success.

If you are running a taxi company, use an on-demand software solution to stay ahead of the competition. If you want to be successful, an on-demand solution can improve your leads count by offering deals to attract more customers.

Reports state that an ordinary individual has around fifty people in their network showing the fact that each customer using a taxi service can attract fifty other prospective clients available in his/her circle. Therefore, on an average, a taxi service provider has the chances of getting many referrals.

Getting referrals can improve the number of clients for your taxi company. In this way, you can attract more prospective clients. There are different types of customers that can be broadly be classified as wealthy customers, business travelers, local riders, senior citizens and students.

If you have a proper network of drivers, and you can engage them to provide services to regular riders. Digital innovation is an attractive strategy that makes use of mobile apps to offer taxi ride services.

Reliability and convenience are the keys in trip reservations. It enables booking with secured payment methods. You must have a good reputation among your clients to enhance all your marketing strategies. You should know the right approach to increase your customers.

According to an independent study:
A wrapped vehicle traveling in and around the city can generate more than 65,000 visual impressions per day.

  • 98% of customers receive a positive image of the company through graphics.
  • 96% said fleet graphics had more impact than other forms of outdoor media such
    as billboards.

Get More Customers For Your Taxi Company:

You have started a taxi company and created a mobile app for customers and drivers. The next step is getting customers and growing your audience. The two primary ways to increase customers are by:

1. Online Promotion

Promoting your taxi company on an online platform is a must to acquire new customers. People spend a lot of time on online platforms, so it is an effective strategy to offer online promotions.

2. Social networks

Market your startup on Facebook, Twitter, YouTube, and Instagram, it will make you popular as most of the customers are already available on these social media platforms. You can develop business pages to boost your company’s awareness and get customers.

An advertisement should be available to promote your company’s knowledge and get more customers. The page should display discounts, promo codes, viral videos, etc.

Create an Instagram account and connect the page with your Facebook page will allow making your advertisements possible with Facebook Power Editor. Even if people don’t download your booking app, many of them will start liking your business which creates a database of potential customers.

Facebook SDK is already combined into your Android and iOS apps, which is a powerful marketing and analytics tool catering to the needs of all types of businesses.If people don’t immediately download your booking app, many of them will ‘Like’ your Business Page, which creates a database of potential customers.

3. Online Booking 24/7

Make sure you have a web page and an app that will allow you to book rides 24/7. The on-demand app manages the online booking 24/7 for your taxi company.

4. PR & Media Outreach

Increase brand awareness of your company by reaching out to a broader range of audiences converting them to clients through PR activities and Media outreach.Uber Business Model

5. Targeted Advertising:

Advertising is the most effective way of online promotion. Setting the target audience is the primary step to advertise your business among a potential group of people.

6. Google AdWords:

Google AdWords and PPC can give you crazy amounts of traffic. If you are tight with your campaign and run niche ad groups. Google AdWords and PPC can bring a significant amount of traffic. Therefore, understanding using them efficiently is essential. Running AdWords campaign may require experience and in-depth knowledge. Moreover, the solution can be expensive.

7. Exclusives Influencer Marketing:

Meet with the managers of hotels, restaurants, bars and other public places in your city as they are associated with taxis service providers and can help you in having transportation quickly. As a business owner, you’re already aware that your customers are an integral part of your business. Therefore, it is essential to engage with them through various means like social media marketing, direct or indirect marketing.

8. Offer Customers A Real Value:

The taxi company owner can offer value to customers to grab their attention. Engaging clients by rewarding them in the form of discounts or promo codes is an excellent way to increase the number of customers.
Use flyers with promo codes and distribute them in public places. It is quite useful for local bars, restaurants, colleges, cinemas, and events. If you provide a high-class service, the value of the coupons can be higher among top restaurants, luxury stores, business centers, etc.

9. Fleet Branding:

As vehicles become visible to thousands of people on the road, your brand becomes more recognizable. Your fleet is one of the most visible and significant marketing tools. Fleet management is an essential marketing tool as a branded vehicle can receive tens of thousands of impressions per day. Whether the car is moving along the highway, parked in front of a business or entertainment center, it gets noticed.

Lots of companies are providing on-demand taxi app all over the world. Choose a reliable company to get on-demand transportation application. We provide quality on-demand software solutions to cater to a variety of transportation needs. More features can be added to our available system according to the customer’s demands. If you want to get quality on-demand transportation app, contact us today.

By cabadmin 0 Comments
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