"How Local Taxi Cab Unions Can Beat Uber with a Competitive Uber Like App? "

Let’s face it. Ever since Uber arrived, it not only has revolutionalized the taxi industry, but it also introduced an entirely new marketplace called on-demand.
The on-demand marketplace is basically a business model in which a business or a startup can only scale through the continuous growth of two separate user groups.

Uber, for example, is nothing but a third-party platform that has to provide both the buyers (Passengers) and the sellers (Uber Drivers).
Now, if Uber focuses only on one user group, then they will not survive.
In simple words, Uber has to convince sellers (Uber Drivers) that there is a high demand to make money, and they also have to convince the buyers (Passengers) that there are enough drivers waiting to pick them up and take them to their desired destination.
As you can see, this business model is, without any doubt, difficult to sustain.
But, despite all the challenges, many startups have adopted the same business strategy as of Uber’s and have built their own app based taxi booking solution.

Original Source :  Uber with a Competitive Uber Like App



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