Uber has revolutionized the way we move. The taxi-hailing app has revamped the way we commute and is present in over 800 cities spanning across 85 countries. With rivals such as Lyft, Flywheel, and Ola, Uber remains on top as the market dominant. Racking up a solid $10 billion of revenue in 2018, Uber managed to emerge as the second most disruptive company in the innovation landscape. Learn how you can create an app like uber for any business.
This has made budding entrepreneurs and related enthusiasts wonder the reason behind Uber’s success. Creating an Uber-like app might seem a daunting task, but it doesn’t have to be! In this blog, we’ll walk you through how Uber’s business model works, different verticals that you can start with, capital required, and more.
Uber’s Business Model
Uber came to the market with a very compelling proposition and a solution to a very inherent and prevailing need in the market – the convenience of travel. So, how does Uber make money? Uber caters to every customer segment with different cab models that vary in price and works with a surge pricing revenue model. With a solid offering, Uber has faced little hurdles in creating a loyal clientele. Working with an ownership model and expanding step-by-step have contributed to Uber’s success. Learn about Uber’s Business Model in detail here.
Using different verticals to create an app like Uber
What is it exactly that Uber does? It avails a service to you with a couple of taps on the phone. When you need a cab, all you need to request a cab on the app and the driver picks you up in minutes.
What if you could do the same for other services, besides cabs? You can create your own white-label on-demand uber-clone app for –
Food delivery services like Swiggy, Zomato, and UberEats have made it big by making food more accessible to people. Instead of bringing customers to the products, these delivery apps have redefined convenience with their on-demand food delivery service. Create your own UberEats Clone now!
Want to know the cost to make an app like UberEats? Read Now.
Now when we think of groceries, what comes to our mind? Supermarkets and grocery stores. But living a fast-paced life in a post-pandemic world has made grocery delivery apps an almost necessity.
With grooming being a sought after need these days, setting up an on-demand beauty services app can be a lucrative business idea. You can render beauty services at your property or offer home salon services to your customers with an Uber-clone app!
Similarly, you can set up an app for your clinic, hospital, or even if you’re a sole clinician. Having an on-demand medical app can make appointments and complete the patient service cycle easy with a convenient platform.
Starting a uber-like logistical business can be a profitable idea during these times. The pandemic had put a stop to transportation jobs creating delays in deliveries and consequent backlogs. Creating a logistical app can be a solution to a very imminent problem.
Instead of calling ten different places to get home services done, your customers can just open your on-demand home service app and book a service of their need. This is how apps like Urban Company have flourished in the market – by becoming the market aggregators of home services. Take a look at how you can do it too!
Pickup & Delivery
Examples of successful pickup and delivery services are Dunzo and SwiggyGenie. Working as on-demand local courier service, your pickup and delivery app can move goods with ease within a city!
There are a lot of ideas to explore. The idea of reworking the product/service ecosystem to the on-demand business model has opened doors to limitless possibilities since the need for convenience is always sought-after. Consumers migrate to options that make their lives easier.
Cost to start an Uber-like app
The cost of starting an on-demand uber-clone app depends on various factors. Working with an MBaaS (Mobile Backend as a Service) design, creating an uber-like app doesn’t have to burn a hole in your pocket.
Generally speaking, building an app like Uber can cost anywhere between $100k-$300k, but using a pre-made robust tech stack Jungleworks can do the same job for you for around $40k – $80k. If you are looking for a rough estimate of the cost involved, take account of the following aspects:
- Is your business model just like Uber’s? How does it differ from the cab-hailing app? The factors defining the supply aggregators and the demand for your product play a role in the cost estimation of your project.
- Your business vertical is another aspect you need to factor in before making a cost estimation. Jungleworks has come up with an Uber App Source Code to take care of most of the use cases an on-demand economy offers. The collection of codes makes our platform the right fit for just any business idea!
- The evolutionary setup of any startup defines the cost involved in the development of your app too.
You can get a better idea of the cost estimation for your uber-clone app here.
Starting your Uber for X business
Budding entrepreneurs have started flocking to the idea of creating their business based on the “Uber for X” business model. Now, the question arises – What is Uber for X? Just like Uber made availing cabs a matter of seconds on your fingertips, entrepreneurs are using similar accessibility factors and applying it to day-to-day service offerings. Uber for X caters to any industry – whether its food delivery, grocery delivery, home services, or on-demand laundry.
Uber for X goes a step ahead of the regular of setting up a business and jumps over many hurdles:
- Low cost of development
- Service-industry agnostic
- Rewarding revenue model
However, starting an on-demand Uber-clone app comes with its set of dos and don’ts.
But with the right expertise and direction, an Uber for X business is navigable and highly rewarding.
We have compiled a list of resources for you to look into to get more info on how you can get started with your own Uber for X business –
Uber has made the term “Uberization” popular. It’s the idea to bring any industry services to the on-demand locale where customers can render them with a scroll and tap in a seamless customer-side app. So, are you ready to set up your Uber-like app? It’s simple and can be done within minutes! Find how to do it here!