Ride-hailing business is running large all over the world. Uber became a hot trend in the industry. Statistics of taxi booking firms state that Uber has doubled its revenue in the second quarter of 2022 reaching $8.1 billion, an increase of 105% from the year 2021. So many business people hold this idea to start their new venture.
Are you also looking or holding the same idea to launch and Uber clone for your taxi booking business? And probing about the competitors and the time.
Don’t be dreaded, you are not late!
This might be your time to roll over your stack in the platform. Also, don’t be frightened of competitors, let’s make yourself a competitor by possessing some unique traits to overcome the fierce players in the cab booking field.
This blog will enrich your knowledge in creating an aggregated business model like Uber.
Launch Your Taxi Booking Firm In The Aggregator Business Model
You may or may not hear about the word Aggregator Business model. I’ll clear you all here.
What is an Aggregator Business Model?
This model involves accumulating information from different service providers that are unorganized. They can sell or rent their service under their interface.
We can simply say it as an agency or mediator who is involved in the process of connecting the service providers and the needs.
The aggregator business model involves two types of customer base, one is B2B and the other is B2C. It’s like the sellers or service providers come under the market of B2B and the actual users are B2C.
This model will slightly differ from the business model of the marketplace. Many people confuse these two models. Let me make you explicit.
A business marketplace model is an app or website that holds different vendors of different products. And make them promote or list their item to sell or rent in their app under their brand name. Examples of this are Amazon, eBay, etc.
The aggregator business model allows various service providers to list their services under a single brand name and act as a bridge between two users. They could not work as an employee, they will work under some contract and can leave anytime in case of their dislike. For example, Uber, Ola, etc. Drivers and their cars are their service providers.
Let’s grab how your taxi booking app works on the aggregator business model.
Working Of Aggregator Model In The Concept Of Taxi Booking
The success made Uber is completely by the strong business model they hold. They work largely for their users via the connected network behind the business model.
Let’s explore the various elements involved in taxi booking using the aggregator business model.
Customers: As discussed already in the aggregator model, your taxi booking involves two major customers one is the driver and the others are riders.
Brand: Any driver cannot be run in their own travels or brand name. They should be under a single platform with the name of the application.
Quality: To acquire a standard market in the industry, it’s important to hold a steady quality without compromising your users like Uber.
Partnership With Drivers: This model comes into a partnership deal with the drivers according to the car they own. Drivers can be signed into a contract on a weekly or monthly basis.
Rather than these elements, as you know the general workflow of the taxi booking business.
Any authenticated user can log in to the app, and book their cab via setting their pick-up and drop-up location. Then the driver around the location will schedule the user’s ride and complete it.
How Can Uber Like Aggregator Business Model Earn?
These ride-hailing apps are acting as a mediator, not owning any cabs or taking drivers as their employees. So, you can earn via commissions.
Ride Commissions: For the booking of every ride, you can earn commission from the drivers and service charges from the riders of certain percentages.
Set Fixed And Affordable Price To KM Range: Despite this, Uber-like cab booking apps are famous because of their fixed and affordable price range for every kilometer. So, admire your user with reasonable prices to earn more rides.
Hot-Price: In the time of seasonal demand either in the prime time or during festivals you can increase your price range. It’s like you are not alone working in the fixed price range, you can use a dynamic price policy to fill your revenue gallery.
Carpooling: Include your cab booking app feature with the option of ride pooling, this will deal you a big gaining option rather than a single ride during peak hours.
Paid Promotions: Once your app attains a maximum quantity of daily users, many paid partnerships will retain to increase your revenue growth.
Let’s continue reading to build your ride-hailing app using the Uber clone script with the model of the aggregator.
Cost And Time Duration To Create A Ride-Hailing App
Creating an Uber-like app from scratch will consume a large amount of time, it can be down to 3-6 months depending upon the speedy work of your team.
But when it comes to the clone script app development platform, it can just take a week or days to launch your app.
So, go to opt for the best Uber clone app development company that offers you free source code, free server installation, and free customization service after purchasing the script. Look for the full-fledged, reliable, and scalable script for adapting to any platform.
The time duration may differ for every client according to their process nature during the customization. If it’s a usual process it can take up to 5 business days that are based on the skill set of your hired development team.
Final Words
Launching your new ride-hailing enterprise in the aggregator model is the wise choice to get an inspiring turning in your business life. But it needs a proper implementation strategy to attain big success.
Let you make deep research into what the top players are continuing to hold their steady success. To make your brand stand out from the crowd, you should steadily work on the Unique Selling Points that you should own an expert team of mobile app developers.
And to set the auto price policy for every km depending on the location, you should hire some machine learning service providers who are rich in the tech stack knowledge of Python, NodeJS, and Javascript.
As an entrepreneur, you need to see all prospects in launching a taxi booking industry. So, make yourself free technology-wise by hiring any remarkable mobile app development company that concerns you more for increasing the Uber clone app techie grades.
