Nigeria is inhabited by 186 million people who depend on various modes of transportation for their daily routines. The fact is that Nigeria lacks a robust taxi business and a proper public transport system, making daily commuting even more challenging. Yes, you heard right there is no proper taxi business in Nigeria.
The introduction of Uber in 2014 was a long-awaited and warmly received addition for the inhabitants of this densely populated nation. Uber brought the essential convenience that people needed for their daily commute. Within just two years of its launch, Uber had already recorded one million trips. These statistics have inspired numerous aspiring entrepreneurs to begin developing user-friendly iOS and Android apps, not only for taxi bookings but also for a wide range of other on-demand services and products.
Build and Create a Profitable Taxi Business In Nigeria
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When discussing this business, not just in Nigeria but worldwide, it stands as one of the most lucrative ventures today. The industry is generating billions of dollars daily, thanks to the utilization of intelligent taxi apps. If one were to delve into the details, they would discover staggering figures, with billions of people booking rides simultaneously all around the globe.
Today, many individuals no longer rely on their personal vehicles for commuting to their offices or workplaces. Instead, they opt to book rides every morning using taxi service apps. This not only saves them a significant amount of money but also the availability of ride-sharing options has greatly simplified their daily travel routine.
Earning Potential
A taxi driver on a normal day makes about $150 daily (N25,000) in Nigeria. Once expenses like fuel, wear and tear, parking etc are deducted he gets to keep the rest.
A taxi company owner, on the other hand, will charge a percentage commission for every ride. Normal commission charges are approximately $70(N14,000) daily. This is after the driver and fuel costs have been taken care of. Depending on the number of taxis you have you can imagine your earning potential!
Now that you have the figures in front of you, it is now time for action. You need to bring these written figures and convert them into hard cash. To do this, you have to get an Android and iOS on demand taxi app for your business.
How to Plan About Creating a Taxi App
The initial step is to identify your niche. What unique offerings will your taxi service provide that others do not? Are you specializing in airport rides, female-only rides, or another specific area?
Conduct comprehensive research to understand what commuters are seeking. Delve into thorough research on your competitors, examining their offerings and pricing. To outperform them, it’s essential to identify their weaknesses and leverage them. Analyze both the disadvantages and advantages of their services. Additionally, closely monitor market trends to discern public preferences and the requirements they have from companies providing similar services.
These answers will provide insight into the steps taken while conducting your business. Market trends are ever-evolving and seldom stable. To thrive in a competitive market, you must develop a robust strategy without any weak points. The services you offer should genuinely benefit your customers, as failing to do so could lead your business to decline quickly.
Bring your concept to a developer who will transform your idea into reality by creating an app that breathes life into your business. Most developers provide comprehensive white-label solutions that incorporate your company’s brand and logo.
If you believe that all of this will entail a significant expense, you may be mistaken. The fundamental app, comprising a driver app, a passenger app, and an admin panel, is quite affordable and can fit within your budget. Nevertheless, the cost may vary depending on the specific requirements of your unique idea and any additional features and functionalities needed to bring it to fruition.
Once your app has been developed, the app company typically handles the launch, configuration, and installation. They also manage the licensing for your brand and domain, ensuring a hassle-free process for you. Additionally, your app may come with various add-ons, such as:
- Customer support round the clock
- Minor amendments and modifications
- Free upgrades for the first year
- One free language customization
- One currency customization
- Choice of template
For the price you pay, you will get a package that comprises of the full Android app, the full iOS app, web panels for the drivers and the riders, taxi company web panel, dispatcher panel, main website, admin web panel, billing administrator panel and dispatcher panel.
Time To Invest in The App For Taxi Business In Nigeria
With all the figures at your disposal, your next step is to research and find the developer who offers the most favorable deal. Launch your app in a country that is in dire need of your services to serve its population effectively.
Launch a taxi app for both iOS and Android platforms for maximum reach and start raking in the profits today. The taxi business in Nigeria is booming and you need to be a part of it before it is too late.