Indhumathi D

The ride-hailing taxi industry has a much wider scope for growth especially with the increase in the need for easy access to daily transit. In fact, the global ride-hailing market valued $36,450.0 million in 2017 is projected to reach $126,521.2 million by 2025. With the growing market demand, taxi businesses can gain massive profits if they can formulate an effective business strategy and rightly execute the same.

Indhumathi D

Affiliation is an emerging marketing concept in the business world. It is a kind of marketing that is based on performance where a business operator recompenses connected affiliates for bringing customers through their marketing efforts. It is a sales tactic that helps service providers grow sales by letting others target the same audience (who will be called “affiliates”). Such affiliates will be provided with a commission for recommending the service to others.

Indhumathi D

The on-demand taxi business has attained phenomenal growth in the past 10 years. Its potentiality attracts many startups, thereby becoming the most competitive sector. Even though it has a greater probability to get more revenue, taxi businesses require a special consideration to get notified among an array of industry giants. Therefore, being a taxi service provider, you have to strengthen your brand with a strong marketing strategy.

Indhumathi D

What makes taxi-hailing business gain popularity is nothing but its convenience and simplicity. However, industry giants have had a few strategies that help them rule the taxi world and explore greater opportunities. Here I have listed some 7 strategies that will definitely work for you if you are into taxi business or have any plan of taking up taxi aggregation.
1.

Indhumathi D

The taxi business continues to progress and establish its bankability in the market. With the taxi-hailing industry estimated to touch USD285 billion by 2030, there remains no argument in venturing into this highly-lucrative industry. Nonetheless, not every taxi business can survive the intense competition. Here are five do’s and don’ts that will guide your company to success.
Do’s
1.Do analyze your competitors.