Helping people move from point A to point B can be the best investment an entrepreneur can make. With the massive success of apps like Uber, Lyft, etc., the market is posing to be a significant revenue-yielding field for the majority of entrepreneurs worldwide. You can either be a taxi agency owner trying to take your business to the next level or an entrepreneur capable of connecting multiple fleets with people in need. Either way, an on-demand app for the taxi business is mandatory to enhance visibility nowadays.
The Republic of Philippines is one major hotspot for the taxi business, with one in five people of the country’s capital, Manila, availing taxi services for their daily commute. The COVID-19 pandemic had disrupted the movement of people worldwide, with governments enforcing lockdown norms. However, with the situation resurging back to normalcy, people will inevitably prefer a personal taxi ride over the congested public transport. An entrepreneur needs to know the ideal time to sow his seeds for the perfect harvest. As far as the situation is concerned, that time is now. In this blog, let’s look at how a businessperson can launch a taxi app in the Philippines.
How much do taxi platforms earn?
One major question that an entrepreneur needs an answer is, ‘how much do I get in return for investing in the taxi business?’ Let’s assume you are a taxi aggregator, coordinating taxi drivers and passengers through your platform. Now, according to a report by Indeed, taxi drivers in London earn €775 per week. Any taxi platform receives a commission of at least 20-30% of the driver’s fare. This would amount to almost €800 per month per driver for the entrepreneur. All you need is a virtual platform connecting drivers and passengers, and you can enjoy lucrative benefits.
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How do I develop a taxi app?
Investing in a business can be quite challenging, especially if you are new to the field. It would be best if you have a clear idea of what you’re going to develop and how you will approach it. There are two popular development techniques. They include –
From the ground
If you’re an entrepreneur who doesn’t worry about the budget or time, you can opt for this technique. You can approach companies for assistance. They conduct market research, design the app, develop, and help you launch the app across different platforms.
Clone app solutions
If you wish to launch your app within a reasonable budget instantly, clone app solutions should be your one-stop destination. You can approach app development companies, develop a white-label Uber clone app, and immediately venture into the market.
What are the steps involved in development?
In either development techniques, an entrepreneur should be well-acquainted with the steps involved in development. They include –
You can identify what is needed to build a taxi app, including business, technical, and financial requirements.
You can hear out your customer expectations and demands by conducting market research.
This stage involves designing the framework of the app. UI/UX design has a crucial role in your app’s success.
App developers transform the app by integrating features and functionality into it in this stage.
Developing the back-end
Creating servers and databases for the app to store user details and function seamlessly takes place in this stage.
Testing the app
Once you develop the app, it undergoes rigorous testing procedures to eliminate glitches and bugs.
After all these stages, your app is launched across multiple platforms. If you choose clone app solutions, you can by-pass all these stages. You customize the app and launch it instantly. However, it is better to know how the taxi app is developed.
How can I ensure my app’s success?
Most of the entrepreneurs fail to shed light on this essential question. The competition among taxi apps is fierce, and only the best ones get to survive. There is a massive need for taxi apps to adapt to changing market trends. Failing to do so can result in running out of business over time. Multiple characteristics can distinguish your app from the rest. They include –
Integrating unique features
Your app needs to have specific unique features. Some unique features include geofencing, call masking, in-app wallet, multi-lingual support, etc. As long as your platform can attract the audience, you can enjoy revenue.
Making the app user-friendly
Complexity in a taxi app can lead to the loss of potential customers. A noticeable amount of passengers aren’t well-versed with smartphones. Hence, making the app user-friendly can be your gateway to success.
Seamless payment options
Most of the people nowadays are inclining towards digital modes of payments. Transactions via cash are getting replaced by credit/debit cards, digital wallets, etc. As a result, make sure your app enables swift payment methods.
Cost analysis for creating your on-demand Uber clone
If you’re opting for app development from scratch, you need to know the overall time and the development cost for building a taxi app. The budget for app development depends on several factors like –
- The number of features
- Your app development team
- The region where you develop the app
- The marketing and support for the platform
- The complexity in design, etc.
On average, it takes around 2000-2500 hours to develop a taxi app like Uber.
Who are my competitors in the Philippines?
You need to analyze your region-based rivals to stay one step ahead of them. Some of the top players in the region include
This South-East Asian giant is considered one of the toughest opponents of the region. The average monthly rides of Grab are increasing by 150% annually.
This 100% Filipino-owned startup is gaining massive reception ever since its introduction. The platform enables users to book rides via SMS, gaining a stronghold of local customers.
This budding startup is currently operating in five key cities in the Philippines. The taxi platform doesn’t levy any surge pricing and provides instant rides to passengers.
How do I start my taxi business in the Philippines?
When compared to other countries, launching a taxi app in the Philippines is quite easy. The steps include
- Registering your brand’s name with the Department of Trade and Industry (DTI).
- Obtaining business permits from the local government.
- Availing the Mayor’s permit by submitting relevant documents.
- Getting the Certificate of Registration from the Bureau of Investigation.
Ride-hailing apps are ever-present in customers’ smartphones. It is just the question of which app will prevail over the rest. With people leaning towards taxi apps for enhanced safety conditions, entrepreneurs can capitalize on the situation by rolling out their Uber clone app. Get in touch with an expert app development company, customize it to make it unique, and launch your app instantly.