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If you want to get around an unfamiliar place in a city, taxi ride would be an essential transportation mode to reach your destination without any hassle. These days, taxi industry is booming as well as the need of taxi cab has drastically increased in modern cities. The first taxi service began with horse carriages in the 16th century. Thereafter, in 1899 first gasoline powered vehicles were used for a taxi ride in London.
Bangkok is one of the most beautiful place in the world where you can shop, relax and sightseeing. There is lots of things in Bangkok attracting more travelers to get around neighborhood. When riding through taxi cabs in Bangkok, the passenger could observe unique decorations made in taxi’s dashboard. Thai taxis are typically having religious objects that include Buddhas, Talismans, monks , The Hulk, Winnie the Pooh are decked inside the taxis.
If you see your taxi business as just another taxi company, you will not be able to make money and be successful. If you try to compete with others then you can be a little successful but if you want to be more than that you have to stop being one of them. Getting referrals can improve your clients total, but still this is an area where many people do not exploit.
Satisfied customers will surely refer to their circles and acquaintances.
Your maintenance of your taxi becomes important in a situation where your livelihood is solely dependent on it. Because you not only own the car but also its your profession.
Owning a taxi business can be attractive and profitable at the same time, it is important to keep an eye on the laws and procedures that govern it. Otherwise, it might lead to fines and penalties. Each city or state has its own rules and regulations for driving taxis and operating the taxi business.
Indian taxi market is estimated to be around $8 billion in which 5% is under organized sector, and others are wide open in the market. It is being projected that in the next 5 years, organized players such as Uber, Meru and Ola will capture 15% of this market, which is growing at an astounding rate of 45% per year.
In a highly controlled and dominating environment like taxi app business where companies like Uber, OlaCabs, GrabCar etc, are backed by huge funding and planned strategic management using mobiles.