These days, because of modern technologies, ridesharing companies such as Uber and Lyft have reached success in different parts of the world. The thing with Uber and other start-up companies such as AirBnB is that they don’t own any asset that would cater to their market.
What is ridesharing? Basically, the concept of ridesharing is similar to hitching a ride with your friends. It is similar to carpooling. This concept merged with modern technology has made a billion dollar company.
Modern technology has helped businesses to prosper especially those that connect users and service providers. Those who have a car could sign up towards Lyft and Uber. If you wish to be part of Uber or Lyft, you will need to have a car that meets the standards set by the company. And for the driver, it is imperative that they are licensed, experienced, not to mention experienced in the industry.
What makes ridesharing better than taxis?
There are many horror stories when it comes to riding a cab. There are times when cab drivers would drive around to different directions, just to make sure that they get more from the taxi meter. This is a practice that has made taxi services look bad. On the other hand, ridesharing services are offering a fixed rate depending on where you go. Also, given the fact that you could pay via credit which is convenient, not to mention it avoids hassles.
Another great thing about ridesharing apps is that their drivers are tech savvy. They make use of waze and maps in order to get you to your destination in the shortest period possible.
If you will look at the taxi businesses, companies need to have a huge capital in order to start and some strict review lyft driver car requirements. It means that they need to have a number of vehicles and hire the drivers themselves. Ridesharing companies are avoiding these hassles. It means that ridesharing companies actually have minimal ROI to meet, thus making their prices affordable. What they do is to accept cars and drivers from private individuals. However, in order to be part of the ridesharing services, it is a must that you meet the requirements of the particular company.
Future of ridesharing?
Does ridesharing really make an unfair advantage over taxis and other public utility vehicles? If you’ll ask the companies with traditional designs, it could be a yes for them. But of course, as long as it is offering a great service for those who are using the app, it is a possibility that you governments are going to adjust the rules and regulations.
Given the number of almost 2 billion smartphone users, not to mention the access to the World Wide Web, ride sharing companies have the possibility of reaching great potential. Unlike companies that run out of capital because they invest on cars and other assets, everything is crowdsourced on the part of the ridesharing companies. Given the rise of ridesharing companies, people are wondering if this could be the end on the part of taxis and other traditional ground transport options. To find out more about the future opportunities of these companies, check: http://rideshare.services/lyft-driver-rideshare-driving-jobs-guide/- lyft-driver-requirements.