Business

Make a Victorious Mark in The Ride-Hailing Business By Launching the Uber clone

Hi! The increased usage of private taxis among users has propelled the number of on-demand taxi services. In this 10-minute read, we will go through the on-demand ride-hailing app development, and especially we will concentrate on the most crucial features of the app.

Before making a move to app development, let us first analyze what is needed for starting an on-demand ride-hailing application.

What are the pivotal stages before kick-starting the ride-hailing business?

  • Planning and analysis

Any business cannot achieve the target without executing proper planning. First of all, you need to determine the objective of your business. For example, why do you need to start an on-demand ride-hailing business? Will your ride-hailing business be useful for your target customers? If yes, then what are the unique selling points that will pull the user’s attention?

Once you analyze all these questions, you must come up with a plan. Next to planning your business objectives, you will need to ideate your business model. So, the next pivotal stage is selecting the business model.

  • Select a business model

Basically, a business model defines how a particular business will function and deliver services to the users. If you take the ride-hailing business, you have two types of business models.

  1. Individual ride-hailing business – The concept of this business model is, a business person will have his/her own fleet, drivers and provide taxi services to users as per their request.
  2. Aggregator ride-hailing business – In contrast to the individual business model, the aggregator model is where the business owner will not own any fleet or drivers. Here, the concept is to let users connect with multiple taxi service providers through a single application.

These are the basic differences between an individual taxi business and an aggregator taxi business. Now, you are done with planning and selecting the business model. So, what’s next? The next step is gathering funds for developing your business.

  • Collect funds

Once you are clear with your business objectives and have chosen the business model, you need to head to collect funds for your business. First, if you are investing your money from your savings, then you don’t need any financial support from outside sources. Suppose that your savings don’t suffice to start your business, then you will have to seek help from investors.

There are different types of fundraising. They are seed funding, crowdfunding, and taking loans from banks. Again, in crowdfunding, there are three types like equity-based, donation-based, debt-based.

As the name itself implies, in debt-based crowdfunding, while repaying the debt, along with the actual amount, you will pay the interest within the mentioned time.

Whereas in equity-based crowdfunding, your funding partner will ask for a share in your profits. Yes, that’s how it works. And finally, in donation-based crowdfunding, your funding partner will provide you with financial support, and as compensation, they will ask for premium access or early access to your app.

  • Hire drivers and get a license

Hiring your drivers and getting the license for running your taxi business falls as the next step. For running any kind of business, you will definitely need to get a license from the government. Only after getting a license, your business becomes legal. Alright!

When it comes to employing the driving partners, it totally depends on your budget on whether to employ them as gig drivers or full-time drivers. Again, there are various sources, like agencies, freelance job portals, referrals, etc., from which you can pick drivers for your ride-hailing business.

If you manage to surpass all these stages successfully, then you are just left with app development. App development is no longer an exhausting process, as ready-made apps like the Uber clone app are available.

So, if you want to invest in the clone app, you need to find a development company that takes up clone app development projects. They will get your requirements, process them and finally show the clone script. In the clone script, you can make the customizations, and integrate the app into your taxi business. The best thing about the ready-made taxi app development is that every stage right from requirements analysis to launch will be finished within a week. Sounds perfect!

What are the core features of a ride-hailing app like Uber?

Every ride-hailing app consists of three apps for passengers, drivers, and admin. Here, we are about to analyze those features in detail.

Features coiled inside the ride-hailing app

  • Instant ride and schedule ride

After registration, passengers can start booking their rides. Here, your passengers have two options either to opt for an instant ride or schedule the ride for the future. Just within a few steps, the passengers can book the ride. All they have to do after opening the app is, enter the location and click on the request ride. That’s it!

  • Geolocation

This technology is helpful in tracking the taxi once the passenger has booked the ride. Passengers can easily spot the taxi’s location on a real-time basis.

  • Fare estimation

The number of real-time features you add to your app will increase the overall user experience. So, add the fare estimation feature, which will analyze the distance to be traveled, and the type of vehicle the passenger has opted for and calculate the fare of the ride.

  • Panic button

As we are seeing through the core features of the ride-hailing app, the panic button should not be missed out. Whenever your passenger needs any emergency help, they can click the in-app panic button.

  • Route optimizer

This feature will make the driver’s work of identifying the route easier. The route optimizer is based on GPS technology, which will suggest the best route to the location.

  • Earnings

Your drivers can check their weekly or monthly income from the app’s earnings tab effortlessly.

  • Admin dashboard

In order to assist you in carrying out the management of your ride-hailing business easily, the admin dashboard is integrated with the app. You can oversee the location of the taxi, earnings, number of bookings, etc., from the dashboard.

Conclusion

Your target to venture into the ride-hailing business can be made successful with the launch of an on-demand ride-hailing app that is coiled with all the above-said realistic features.

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