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Ever since the launch of Uber, there are startups and developers taking inspiration from this business model. The Uber-like app is known for booking any rental service immediately u2014 on-demand.<br><br>For more info visit: https://www.rentallscript.com/uber-clone/<br>
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Learn the Business and Revenue Model of Uber-like App www.rentallscript.com
Introduction Ever since the launch of Uber, there are startups and developers taking inspiration from this business model. The Uber-like app is known for booking any rental service immediately — on-demand. But ever wondered the revenue and business model of the Uber-like apps? Let’s find out
Business Model The uber business model has 3 main user groups: Owners: They are the on-demand platform owners and bring together both the service-provider and service-needed persons in the one place. Service Providers: They provide service to the users and gain a commission. End-users: They are the users who come into the platform to rent the service.
Workflow of App The workflow of End-user app End-users sign into the app and fill their personal details. ● To book a service, the end-users give their current location. ● The app searches for nearby providers to a particular radius around the user. ● The app books a provider for the user. ● The provider visits the user’s location and does the service he was assigned. ● After the end of satisfactory service, gets the pay. ●
Workflow of App The workflow of Service Provider The provider registers into the platform using a mobile number or email. ● Switches to online mode to find a service. ● The app allocates an end-user to their nearby current location. ● The provider goes to the end-user given location and completes their job assigned. ● Payment is done to the provider by the user. ●
Revenue Model Small Commission Fee from Passengers: For each ride, passengers are charged with a small commission fee to use their service. Small Commission Fee from service providers: For each ride, a commission is charged based on the city of operation and the type of car. Surge Pricing: When the demand gets higher, they charge a commission higher than the regular. Ads revenue: Whether it is in-app ads or display ads on cabs or anywhere near posters, they earn their revenue through ad-sponsored companies.
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