Target medium cities & small towns

Invest in the cities with a comparatively very less public transport system. Where there is less transportation system, there is always a need. Nobody knows the hidden potential of the unexplored market because everyone concentrates on the big cities.

Pricing Systems

The price structure is a typical factor, but a good strategy will benefit you. For example, eliminate cancellation fees for a good beginning. People will look out for offers, discounts. So, a smart pricing structure makes a better profit.

Analysis of existing market

After making an impact in smaller towns like testing waters, it’s time to move established markets slowly, penetrating it, and identify the crisis. Make use of the existing case on the current market to favor your fortune by creating a good strategy and execute.

For example,

- Increasing driver share on rides
- No cancellation fees
- Reasonable ride fares

Conclusion

As the owner of a startup company, develop your ride-sharing app, you need to concentrate on the approaches mentioned earlier to create the most effective transport business revenue model.