The way of booking a taxi to travel from one to another has changed altogether in the past decade especially in highly populated cities. With easy and cheap access to smartphones booking a taxi through ride-hailing apps such as Uber, Grab or Ola is preferred more. 

Launching a taxi booking mobile app has been a profitable business niche to invest with the growing demand. Ride-hailing industry may have taken the backseat due to Covid19 pandemic situation but things are getting back to normal in the majority of the countries and ride-hailing companies will start making profits again.

How to Earn?

Every entrepreneur who is looking start a new venture wants to know what are the revenue streams to earn money.

Here are the revenue sources in ride-hailing business to earn money:-

Commission

Admin of the mobile app earns a certain percentage of commission on each ride when booked from the platform.

Surge Pricing

In case of surge pricing platform increases the cost of rides during peak hours or when demand is high ex:- during rainy days

Promotions

Ride-hailing platform can collaborate with big brands to advertise their services on their platform.

How To Launch?

There are mainly two ways to build your taxi booking mobile app :-

  1. Custom Development
  2. Use Taxi Booking Software

I recommend using a white label taxi booking software to launch mobile apps rather than building a mobile app from scratch and spend millions of dollars. Here are some key benefits of using white-label Taxi Booking Software.