UBER Business Model: We all search on Google about Uber. Because in our daily life, we need resources to go from one place to another. And Uber online business helps us and our life has become very easy.
Uber Technology Inc., commonly known by you as Uber. It is an international company, which Uber company discovered in San Francisco, USA. It offers a variety of services to its customers such as – ride-sharing service car booking service food booking service.
And these Taxi services are also delivered to their customers through bikes and scooters Doorstep delivery on their applications.
Their main headquarters are in San Francisco and it is famous for its taxi service and food service in 63 countries around the world. You can take advantage of their service by visiting their Uber application or website.
UBER Business Model
Uber is a transportation service that has revolutionized the market as soon as it comes in. It is an on-demand transportation service, which means that whenever you need their service they will be present immediately when you call them.
The model has been made that you just open their application in smartphone and in the single type you can book the cab for yourself, in the minimum time, the cab will have been present at the place you have mentioned and not knowing how many businesses have started by looking at Uber.
Uber is one of the richest companies in the world, according to sources, which is currently valued at $ 70 billion, and that is why Uber is currently available in 633 cities, and this is what convinced investors to invest in Uber.
So let’s see how Uber created the business model below, in what ways does Uber makes money, and in what way does business, then let’s talk on that.
Uber Revenue Generating Business Model
If you have used the taxi service, then you probably know that at the end of the journey you have to pay the driver something or whatever the charges come in his taxi meter. The same means for Uber to earn the same and Uber has only one way through which it makes money.
But what do you know that Uber gets more than one million cab bookings in 1 day Uber has more other businesses through which Uber makes money, so let’s know what are the sources through Uber makes the large company?
Uber Launched More Rides Option
After going a long way, Uber decided that it would list out almost everything on its application and website which is liked by customers such as helicopters, boats, etc.
They added many new vehicles though all these vehicles Not available in every country or city. Uber has now placed all these in selected cities and countries because giving such service is not possible for them in every country right now, according to international news, Uber has given a motorcycle in Paris.
He also started the pickup service delivery service in San Francisco and ice cream delivery in many other cities. He is slowly trying to bring all these services to every city and every country.
Uber Criticized and Improve Security
Uber was criticized by other transportation network companies because of its inappropriate treatment of its customers and Uber’s drivers, and it also caused significant congestion in traffic, causing criticism for its customers. But other companies were not able to do this and Uber made a comeback in the market.
Uber has improved its security to a great extent due to which all the fraud and illicit activities were happening in their application, they can be banned.
Features of Uber
- The special feature of Uber application is that anyone can book a taxi service for themselves with a single tap
- In the Uber application, it is not only for the customers but also for their drivers, only then they have also given the option to the driver that he can accept or reject the ride according to his wish and the driver Decision ETA is sent through to customer
- The customer can easily track the live location of the incoming driver and can also see through a time of the application to see how long his booked vehicle will reach him.
- The driver can find the exact location of the customer and can easily reach the stated location.
- Uber gives us many types of payment methods, but the most recent payment method has been added to it is the cash method.
Uber Facilities Value
- Now you will not have to wait for a long time for a taxi service, you will just take out your phone and your taxi will be standing in front of you.
- Uber keeps offering you free services from time to time such as free rides and various types of coupons that can give you cashback or discounts.
- Uber prices are much lower than normal taxi service because they believe that giving you benefits in the lowest price
- If you ever want to go to the airport by normal taxi, then whenever you have asked the taxi owner to go to the airport, then the fare of each driver will be different but on Uber, if you book a taxi to the airport then above you Gives a fixed price.
- If you ride in Uber, you will not have to buy a car as Uber works for its customers 24 * 7 and also runs different plans for their day and night drivers.
- Uber also has an advantage if you have to go to a party function and if you have finished your job duties or are tired, then with the help of Uber, there is no need to drive a car.
- And if you use Uber Taxi Pool Service, then you will get a chance to avail of taxi service at affordable prices at your doorstep.
Uber Targeted Audience
Uber also targeted only to target audiences in the initial time so that it could take its business to the next level as soon as possible.
- First of all Uber gave the target to the party who joins most of the daily club discos and events and made them provide their corporate taxi service.
- Business traveler tourist Businessman who keeps coming from city to city every day for a meeting.
- Continued its taxi service even in bad weather, so that customers can rest and customers will have confidence in Uber
Conclusion: UBER Business Model
As you know, Uber has revolutionized the transportation world by launching its online taxi pooling service and with the help of it, Uber helped customers to travel very easily. Doorstep delivery on their applications. Their main headquarters are in San Francisco and it is famous for its taxi service and food service in 63 countries around the world.
You can take advantage of their service by visiting their Uber application or website. Uber is one of the richest companies in the world. According to sources, which is currently valued at $ 70 billion, and this is what convinced investors to invest in Uber. And available at affordable prices and the features of Uber made customers go crazy like live tracking one-tap booking, etc.
And when Uber’s business went, then how many companies came to the market by copying Uber, I believe that you Try Uber Service and share your experience in our comment box.