Transform your taxi business into a thriving hub for the bidding future of transportation! Revolutionizing the traditional taxi app business model. Elevate your app’s potential today!
Don’t let the absence of standardized regulations become an obstacle to your business success. Add a feature that makes your business unique from other ride-hailing businesses. Incorporating this feature is a golden opportunity that has the potential to smother the competition.
How it works?
One platform where drivers can negotiate a fair price, and riders can negotiate an affordable trip over two separate interfaces. Unlike other ride-hailing platforms, the taxi app can conduct business by offering rides without incurring commission fees. With this in place, the drivers will feel more relieved.
They can bid the appropriate price they deem reasonable to their taxi provider or travel agent. They will feel more empowered since they will be the ones to set the base price rather than an app-based algorithm determined by the existing demand, telling them what to charge.
With more control over their earnings, they will feel much better at the end of the day to become a part of a taxi market that is far more transparent, reliable, and takes into consideration of their hard work.
On the other hand, riders can post bids on trips to get the best rates straight from the driver. These trips can range from an outstation journey, hourly rental to a simple local ride.
What changes does this bring?
First, several drivers can respond to a bid posted by the rider. It means that the cost of a trip becomes final only when an agreement is made between two parties, i.e., the rider and the driver.
Second, the state of the bidding process will be uplifted due to the availability of the ride. It means that the right driver will approve or respond to the bid request. Here, the bid list page will act as the main dashboard for the rider to be updated every second of the bid status with continuous push notifications and real-time communication.
Controlling surge prices
The bidding feature is a critical element in traveling and can significantly impact a taxi app’s profitability. Both drivers and riders can fulfill their travel demands with the support of an offer that is agreed upon and matched as per their terms of price and time of the journey.
In the long term, with bids in place, the fluctuating demands of taxi app business leveraging surge prices will shift towards rates that are more practical to spend for a ride in the physical world determined by the people who are actually present at the time of the ride.
100% transparency
The only confirmation the rider will get is when drivers accept their bids. Here, unless they are sure of their payoff amounts, that will be the total cost of the ride. They are not incentivized to increase their bids and will bid the lowest to get a positive return.
Further, this will also guide the taxi app providers to plan their budgets and capacities ahead while focusing on the best offers and deals to make the customer engagement process more resilient than ever.
On the other hand, the driver will more actively search for the best deals and bid on them to ensure the rider has the trip secured and the taxi service provider gets the highest profits.
How can you implement it?
Being an entrepreneur, you can start by a doing your market research on the application that have started adding the bidding feature and what profitable streams are emerging in this bidding environment. Think from the perspective of the customer, and see what the end-user will get in terms of time and cost saving processes. To get an application that works best under these conditions, all you have to do is to follow these steps –
- See which app-based company provides ready-made applications. Make sure you go through their client’s feedback and testimonials.
- Download the app you desire to buy. The link will be present on the website. You can try the features as many times as you want, from sign-up to posting a bid. Make sure that the entire package includes rider, driver interface apps, and an admin panel along with the licensed source code.
- After the purchase from the vendor that is offering all the above mentioned deals, the white labeling process will be started. It includes adding the name of your business, logo, contact number, currency, language, and other details.
The entire process is extremely affordable when compared to making a customized app from scratch. You can even start making profits from the first day.
Takeover the market like a storm
Your taxi app will be a perfect platform to become a budding environment for this alternative model. By allowing your customers to bid in fixed increments on top of the base ride cost, a huge possibility of getting a ride will surge when demand outstrips supply. This change can bring a massive amount of influx of demands from your market base.
Without the presence of an algorithm, your platform will cater to people who often
rely on the medium of communication to go through their day-to-day lives. Each
successful bid generates a commission that is a perfect replacement for the
traditional taxi app business model like Uber , DiDi, Lyft, etc.
