In today’s modern world, every business is digitized. The taxi industry is one of the latest businesses to have gone digital. With the digital transformation and the arrival of Ola, Uber and other online taxi services, gone are the days when hailing a taxi meant wasting hours waiting.
There is no denying that the taxi industry is an integral part of our transportation system. They provide people with a feasible choice of transportation. However, the competition is heavy in the taxi industry. As a result, citizens are spoilt for choices. Furthermore, the advent of technological innovations such as taxi app development continues to positively impact the taxi business, making this a game of survival of the fittest.
So, how can taxi businesses stay competitive in an evolving marketplace? What are the strategies a taxi firm should consider adopting to stay ahead of the competition? Read on to find out the answers to these questions in detail below.
Taxis have become an essential service in today’s world. Interestingly, more than 70% of passengers use taxi service because of better convenience and fast commuting aspects. As a result, this industry is experiencing fast growth in Asia-Pacific, especially in developing countries like India and China. These countries being the most populous globally, are also considered the world’s largest taxi markets.
High-speed internet availability and the rise in smartphone usage are two of the driving factors responsible for the recent significant growth in this industry. Another market driver would be the transition from conventional tracking systems to GPS or GPRS navigation systems. Simply put, software-powered convenience has changed the business of transportation immensely. Anyone with a smartphone can move from location A to location B with a tap of a button, with choices galore such as cabs, limousines or even helicopters!
Recent innovations such as the Cab Management System (CMS) have made taxi business operations easier today. These systems help track, enhance and digitize your taxi service. The features also include tracking rides and drivers, managing cabs, monitoring earnings, and providing navigation features.
However, like most businesses, the taxi business has also suffered loss during this pandemic. Covid-19 has barely spared any business from its consequences, and ride-hailing services were significantly affected due to the lockdowns. Therefore, the need to adopt strategies to grow and sustain your business is relevant now more than ever. It is also about time that the traditional taxi companies innovate themselves to keep up with an ever-evolving and dynamic marketplace.
One must acknowledge that the success and sustainability of any business are dependent on the strategies adopted by the firm to stay ahead of the competition. Therefore, taxi businesses also need to adopt such competitive strategies. These strategies help taxi service gain a competitive advantage and service efficiency.
Here are five strategies every taxi business should adopt to survive the competition:
Solid business plan: Taxi businesses require a solid, future-proof plan to keep up with the latest innovations. From planning to hire the right drivers to analyze your competitors, everything must be organized and strategic. Various factors such as pricing, target audience, investments, vehicle documentation, etc., have to be planned and laid out beforehand.
Strong social media presence: Everything is online. All businesses utilize social media marketing strategies, and taxi companies must adopt this strategy to stay ahead in the game. Online presence determines the quality of your taxi service and allows you to promote your business cost-effectively.
Embrace technology: Thanks to technology, taxi businesses have been using innovations like taxi booking software to cater to customer needs. These booking apps offer convenient payment methods and are completely automated. Another such cost-effective technology includes taxi apps that are also cloud-based dispatch software programs.
Focus on customer needs: All things have transformed drastically due to the current Covid-19 pandemic situation. Therefore, find out those changed needs of your customers and employ strategies to resolve them. Taxi app development companies must regard these needs before they design and deploy apps. This strategy helps to acquire new customers as well as retain the existing ones.
Targeted advertising: We need to motivate customers to opt for our service, and targeted advertising is a recent trend in the marketplace that helps us achieve that. Pay per click (PPC) advertising is one strategy where your ads pop up on web pages and search engines. Such advertisements use algorithms and customer preferences to expose users to your service, allowing you to target your audience on different platforms.
These are some strategies that the taxi industry could use to improve its customer experience and expand its businesses. Additionally, you can observe young companies and start-ups to avail inspiration and new methodologies. Finally, follow the latest trends in the global market and take expert guidance to implement innovative strategies. And thus, take your business
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The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.
Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.
In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.
A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.
And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.
Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.
It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.
We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.
To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.
Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.
Why Should You Buy This?
**Who Should Ride Billy? **
Both new and experienced riders
**Where to Buy? **Local distributors or ships from the USA.
Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.
The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.
The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.
This item is available via the various Norco bikes international distributors.
Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.
This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.
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Are you leading an organization that has a large campus, e.g., a large university? You are probably thinking of introducing an electric scooter/bicycle fleet on the campus, and why wouldn’t you?
Introducing micro-mobility in your campus with the help of such a fleet would help the people on the campus significantly. People would save money since they don’t need to use a car for a short distance. Your campus will see a drastic reduction in congestion, moreover, its carbon footprint will reduce.
Micro-mobility is relatively new though and you would need help. You would need to select an appropriate fleet of vehicles. The people on your campus would need to find electric scooters or electric bikes for commuting, and you need to provide a solution for this.
To be more specific, you need a short-term electric bike rental app. With such an app, you will be able to easily offer micro-mobility to the people on the campus. We at Devathon have built Autorent exactly for this.
What does Autorent do and how can it help you? How does it enable you to introduce micro-mobility on your campus? We explain these in this article, however, we will touch upon a few basics first.
You are probably thinking about micro-mobility relatively recently, aren’t you? A few relevant insights about it could help you to better appreciate its importance.
Micro-mobility is a new trend in transportation, and it uses vehicles that are considerably smaller than cars. Electric scooters (e-scooters) and electric bikes (e-bikes) are the most popular forms of micro-mobility, however, there are also e-unicycles and e-skateboards.
You might have already seen e-scooters, which are kick scooters that come with a motor. Thanks to its motor, an e-scooter can achieve a speed of up to 20 km/h. On the other hand, e-bikes are popular in China and Japan, and they come with a motor, and you can reach a speed of 40 km/h.
You obviously can’t use these vehicles for very long commutes, however, what if you need to travel a short distance? Even if you have a reasonable public transport facility in the city, it might not cover the route you need to take. Take the example of a large university campus. Such a campus is often at a considerable distance from the central business district of the city where it’s located. While public transport facilities may serve the central business district, they wouldn’t serve this large campus. Currently, many people drive their cars even for short distances.
As you know, that brings its own set of challenges. Vehicular traffic adds significantly to pollution, moreover, finding a parking spot can be hard in crowded urban districts.
Well, you can reduce your carbon footprint if you use an electric car. However, electric cars are still new, and many countries are still building the necessary infrastructure for them. Your large campus might not have the necessary infrastructure for them either. Presently, electric cars don’t represent a viable option in most geographies.
As a result, you need to buy and maintain a car even if your commute is short. In addition to dealing with parking problems, you need to spend significantly on your car.
All of these factors have combined to make people sit up and think seriously about cars. Many people are now seriously considering whether a car is really the best option even if they have to commute only a short distance.
This is where micro-mobility enters the picture. When you commute a short distance regularly, e-scooters or e-bikes are viable options. You limit your carbon footprints and you cut costs!
Businesses have seen this shift in thinking, and e-scooter companies like Lime and Bird have entered this field in a big way. They let you rent e-scooters by the minute. On the other hand, start-ups like Jump and Lyft have entered the e-bike market.
Think of your campus now! The people there might need to travel short distances within the campus, and e-scooters can really help them.
What advantages can you get from micro-mobility? Let’s take a deeper look into this question.
Micro-mobility can offer several advantages to the people on your campus, e.g.:
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Manage your taxi business efficiently with robust taxi booking and dispatch software. Automate your operations with our smart and innovative solution and improve profitability. 16+ yrs exp, 40+ countries served, 50+ enterprise clients.
#taxi management software #white label taxi app #taxi tracking software #taxi dispatch system #taxi cab dispatch software #taxi booking system
Manage your taxi business efficiently with robust** taxi booking and dispatch software. Automate your operations with our smart and innovative solution and improve profitability. 16+ yrs exp, 40+ countries served, 50+ enterprise clients.
#white label taxi app #taxi tracking software #taxi management software #taxi dispatch system #taxi cab dispatch software #taxi booking system