Covers drivers for miles in between trips Uses a cellular gadget that plugs into their vehicles diagnostic port. recognizes when drivers are working and are covered by Ubers insurance so it only charges them for miles they drive for personal use. Complements Uberx car Insurance 50,000/100,000/25,000 of contingent coverage between trips. As a result Drivers do not have to fear being denied coverage by personal insurance potential limitations of their personal insurance coverage while logged on to a rideshare app. 44 Issues: Metromiles Uber Car Insurance source of image:. Issues: Regulatory laws is Uber legal? 45 source of image: g, used under the cc by-sa.0 Intl Licence.
Uber Partner, Grow your Uber Business & Increase your roi
Congress, mar 2015 Adopt fingerprint-based background checks. 42 you understand, therefore, that by using the application and the service, you may be exposed to transportation that is potentially dangerous, offensive, harmful to minors, unsafe or otherwise objectionable, and that you use the application and the service at your own risk. ubers Terms conditions. UberBlack, ubersuv, or Ubertaxi rides are provided by commercially licensed and insured partners and drivers. Uber introduced insurance coverage for einstein the UberX rides in Mar 2014. 1 million of liability coverage per incident. 1 million of uninsured/underinsured motorist bodily injury coverage per incident. contingent comprehensive and collision insurance. no fault coverage (e.g., personal Injury Protection) 50,000/100,000/25,000 of contingent coverage between trips. 43 Issues: Insurance coverage for Uberx source of image: m/ridesharinginsurance.
Advance booking Law regulation Hiring Method (User Friendliness) Cashless payment Fare Sharing Drivers Flexibility go-to market Car Flexibility User Experience ride Information rating strategy canvas for Uber, lyft and Taxi Uber Taxi lyft Uber Taxi lyft Advance booking 0 5 0 Law regulation. First mover advantage accumulate a larger parnter installed base, and real- time ridesharing apps thrive on the size of customer base barrier to entry patent applications If granted, Uber will be the only company in this line of business to have related patents but most. 37 source of image: Strategic Control. Strategic Control paper uber technologies inc. 38 Retain gain New Drivers Partner rewards program vehicle financing health Care Incentives etc Customers Price promotions partnerships with local establishments. Issues (worldwide) Issues Solutions Trust and Safety issues Alleged (sexual) assaults Alleged Kidnapping Driver/Passenger information, gps following rides panic Button background checks, identification of new technologies Legal issues Insurance coverage for accidents regulatory laws Illegal taxi operation? metromiles Uber Car Insurance insurance coverage for Uberx apps terms and conditions conforming to the laws Surge Pricing cap on fares for certain events uber technologies inc. 41 source of image: m/safety Issues: Background checks All drivers are screened against: county courthouse records federal courthouse records multi-State Criminal Database national Sex Offender Registry screen social Security Trace (lifetime) motor Vehicle records (historical and ongoing) In nov 2014, Uber started a safety review.
32 Competitive analysis Uber vs Lyft (1). Similarities demand/supply algorithm both increases supply during high demand periods but the limit of Prime time also means that comparatively, uber partners would earn more during the same period if demand is extremely high. Differences surge Pricing: no cap (except for abnormal disruption of the market more on that later) Prime time: 200 price surge. Cap of 3x fare nye 2014: 400 increase. Cap of 5x fare The success of Ubers Surge Pricing 2 million matched rides on nye 2014 (worldwide) uber technologies inc. 33 source of image: m/cheersto2015 Competitive analysis Uber vs Lyft (2) Surge Pricing vs Prime time. Competitive analysis Uber vs Lyft (3) Prices in different states uber technologies inc. 34.00.50.00.50.00.50.00 cost source of image: Uber and Lyft websites. Overall Competitive analysis uber technologies inc.
Competitive analysis Uber vs Taxi (1) Uber Taxi Advance booking no yes Hiring Method Smart Phone App Flag/Call Center/App/Dedicated taxi queue payment Cashless Cash/Credit Card Driver/Passenger Rating available na pricing Structure Flexible Structured Fare Sharing Anyone limited to friends eta to destination available na eta. Uber base fare metered fare based on time/distance surge pricing during high/low demand taxi base fare metered fare based on time/distance Additional costs peak hour / midnight surcharge public Holiday surcharge advanced booking fee luggage fees Area based surcharge city airport uber technologies inc. 28 Competitive analysis Uber vs Taxi (2) Pricing Structure. 29 Graphs from: competitive analysis Uber vs Taxi (3) Pricing Structure. Uber requirements no professional taxi license required require your own vehicle Income flexible timing part time work surge pricing may provide higher hourly wages Expenses petrol personal insurance maintenance of personal vehicle taxi requirements Professional taxi license / medallion Income full time work (i.e cover. 30 Competitive analysis Uber vs Taxi (4) Drivers Perspectives. 31 Image from: m/2015/01/22/uber-study/ Competitive analysis Uber vs Taxi (5) Drivers Perspectives. Uber lyft winner Cost Lower on average higher uber surge Pricing no cap Cap at 200 lyft (Passenger pov) Surge Pricing no cap Cap at 200 uber (Driver pov) Company Investment (2014) 405 Million 330 Million uber safety Insurance/Driver Rating Insurance/Driver Rating tie customer Support.
What is The business Model of Uber - business Plan Online
They are either people who wish to save money but still get the convenience or They have the power to hail a ride at any price examples of customers uberPool non-working group. Students, young adults Uberx. Working adults, people in a rush UberTaxi. The usual taxi passenger UberBlack (Premium). Professionals, people who wish to show off uber technologies inc. 21 Targeted Customer Segments (Real-time ridesharing).
Ubers Estimated Market resume Share (nyc jan 2015) 40 of Total nyc taxi market (advanced booking taxis, Uber, lyft) 45 of advanced booking Taxi market 17 of Total Taxi market uber technologies inc. 22 Total Taxi market 135 million rides.9 Bn Target Market 55 million rides 1 Bn Uber Market Share 25 million rides.4 Bn Total Taxi market : m/taxi-cab-statistics/ Uber Marke share: market Comparison in :. Value capture uber technologies inc. 24 Pricing payment Uber set prices for rides peak hours customers pay uber with credit card (not the drivers) Splitting the Proceeds 20 of the ride go to Uber commission-based depends on the city and competition From revenues to Profits Uber cover expenses (r. Competition uber technologies inc. 26 Smartphone Applications real-time ridesharing Taxis.
Price adjusted relative to a fixed price. Using a multiplier Value proposition surge Pricing: Patent Pending. 14 Value proposition surge Pricing Example(1) Demand supply Equilibrium 10 Normal Fare. 15 10 Fare Increases 15 Value proposition surge Pricing Example(2) Demand supply. 16 15 Fare decreases 10 Value proposition surge Pricing Example(3) Demand supply. So who do you think are Ubers customers?
18 1) Drivers 2) Passengers 3) Both? Source: google search Definitions. Ubers definition of customer: Individuals requesting or ordering an on-demand service, where a service provider refers to individuals or entities that can provide the requested service. 19 Passenger Uber Driver commission customer paying for the service (transportation) partners complementary service Provider, not customer. 20 Customer Segments (by needs) I want a ride (Taxi, uberx, uberTaxi, lyft) I want a luxury ride (Limousine taxi, uberBlack) Im willing to pay more to get a ride now (Uberx, lyft) i want the highest probability of getting a ride i want. Early adopters tech-savvy users Smartphone Users Users who value time people who appreciates having a ride confirmation shortly after the need arises Users with (limited) spending power.
Uber Driver-Partner Insurance - how It Works - what
12 1 m/passenger-destinations, source for both images: m/2011/04/app-stars-uber/ Value proposition surge Pricing: meeting high demand Surge Pricing : Uber rates increase to ensure reliability when demand cannot be met Encourage more driver to be available. Us 2013/0246207A1 (pending grant) system and Method for Dynamically Adjusting Prices for Services Pricing algorithm automatically detects situations of high demand and low supply and hikes the price in increments, depending on the scale of the shortage. Algorithm results in increased supply and reduced demand. Through these two mechanisms, the company is able to (a) increase supply, (b) assure reliability, a key tenet of the company, and (c) maximize the number of completed rides. bill Gurley, uber investor and board member paper uber technologies inc. 13 source of image: Patent No: us 2013/0246207A1 by Uber Technologies Inc, system and Method for Dynamically Adjusting Prices for Services. Prices to be changed if utilization rate falls below 60 or above 80; or demand and supply model that compares the number of drivers to passengers.
Yes source of image: Uber: real-Time ridesharing. Everyone can briver flexibility to drive extra Income Drive with Assurance value proposition uber technologies inc. 9 everyones private driver one tap to ride reliable pickup Status Sharing Ride feedback cashless. Value proposition network Orchestrator uber technologies inc. 10 Passenger Driver Request for ride notification of acceptance notification of the request Accepts request - pay the ride - give feedback picks the passenger and brings him to the destination - indicates navigation - estimates fare time App gps. Ubers structure is simpler, thus generating lower costs which allows them to propose a lower price no inventory uber doesnt have to pay fees as they are not taxi service operators They are network orchestrators matching drivers and passengers Drivers do not have to pay. 11 Value proposition a cheaper ride compared to taxis 1 2 m/2015/01/22/uber-study/. Demand/supply algorithm heat mapping to indicate where the demand is God view real time aerial view of the movement of cars1 Plenty of other data analyses, such as Analyzing how many times the app is open Analyzing accuracy of demand prediction to refine the prediction.
application Provides options and varieties in the transportation service uber technologies inc. 5 source of image: m/ toyota camry bmw 7 series gmc yukon Denali mercedes s-class. Uber: real-Time ridesharing (from) ridesharing shares the same car and destination Shares the cost of gas, toll fees, parking pairs passengers and drivers who are heading in the same direction / heading to the same destination Time Sharing (TO) real-time ridesharing shares the same car. 6 Incremental evolution. 7 Passengers no destination decided byDrivers Profit-driven Ride Sharing: neighbor, colleague, carpool, etc real-Time ride Sharing: Uber, lyft, etc.
What does Uber Technologies Inc do? Customers and Market. Q a, uber technologies essay inc. More convenient than other modes of public transport when going at a specific destination. Higher fees than other modes of public transport. Fixed price based on base fare, distance, time, peak hours/weekends public holidays, advanced booking fees. Requires a government license to be a taxi driver. Car rented by the taxi operator. Taxis can be hired, hailing on the street, waiting at specific taxi stations.
Uber Eats expands to east End long Island Business News
Successfully reported this slideshow. Uber's Business Model, upcoming SlideShare, loading in 5, show More. No downloads, no notes for slide. Biz model for, uber Technologies Inc. A real-time yardage ridesharing service. Ambre fischer arnaud legris christopher laurentius joyce lim keong pei quan raymond ung. Business models for other ride sharing companies such as Ola cabs (t/Funk97/presentations) and for different types of ride sharing such as multi-passenger ride sharing (t/Funk97/presentations) can be found on my slide share accounts. Background of taxi services and real-time ridesharing.