Oceania is a combination of multiple countries like New Zealand(NZ) and Australia. The location of Oceania is very well placed where it is possible for major economies and economic engines to interact with Oceania easily. Even though it is surrounded by water on all sides, it does not pose any major barrier to trade or anything else. Also, Oceania is a place where the human development index and happiness index is exceedingly good. Australia and NZ are the major countries in Oceania and they have dairy farming as the major source of income.
Fonterra is a dairy brand from NZ and it comprises a third of the world milk production. They also export 80% of its milk production. Similar industry is also present in other Oceania countries. Now the problem arises when too much of the economy is dependent on one industry; also a consumption-based economy has a high risk of getting affected by global turmoil.
Hence, it can be inferred that the countries comprising Oceania must have an industry that fuels their economy with no influence of external factors. I believe that the on-demand startup economy is the best way to achieve that.
On-demand startups that leverage mobile apps and the internet are easy to launch and operate with little to no expenses. You just need a better startup idea and execution to ace in the on-demand market. In this blog, I will take a leaf out of the broad on-demand model and explain it in detail.
Of all the on-demand ideas, the one which sits on the top since its inception is the taxi app booking. I also think the taxi booking app startup like Uber would be a great start for you.
Before going into it I want to assure you that the startup climate is promising in the Oceania countries and hence you can enter the market confidently.
Can on-demand startups succeed in Oceania?
NZ has always been named as a paradise for businesses; their government is accommodative and offers many perks for launching any ventures. At present, tech startups are getting more attention from private investors, VCs, and NZ govt. Last year alone, investment in startups in NZ attracted $90 million and it is set to increase this year.
And next comes Australia where prospective startups are selected based on various parameters and are kept in an isolation chamber. There it is nurtured, mentored, and given a necessary push to compete worldwide. The isolation period is a dream for many startups because of the attention of experts it gets. Brace yourselves to launch a startup that gets the coveted isolation in Australia.
Other important Oceania countries like Fiji and Palau also have a promising ecosystem for startups to flourish.
Future prospects and actionable steps for taxi startup
The taxi booking app market will get a revenue of $285 billion by 2030. Grab and Gojek are the only major players in Asia and Oceania market and they are diversifying the market to improve sustainability. A leading survey found that in order for a taxi app firm to persist for long they need to have a commission rate not greater than 20%. With less than 20% commission policy and a reliable taxi app, one can gain substantial market share.
Actionable steps to set up a taxi booking startup:
The first 2 steps are vital and can make or break the startup. As of now, we will focus on it.
SpotnRides taxi booking app with custom design and features
SpotnRides is a brand that is synonymous with on-demand taxi app development. We are a team of qualified professionals who took the idea of app development for startups in hand and delivering good quality custom apps to many startups worldwide.
Lean app development is followed to cut the cost and time of development. The turnaround time of SpotnRides is the best in the market and in a short time we do complete customization as desired by our clients.
We follow a different methodology to not waste time during the app development. The front-end of the taxi app is first made to showcase the clients and then we move on to the back-end. To make the app working smooth, cutting-edge technologies are used in the back-end like Golang to handle unlimited taxi bookings and ride requests.
SpotnRides is made with quality codes and flexible framework architecture to easily customize the app without any major change in core function.
So, I assure you that you will get an optimum fit solution for your new taxi venture in any Oceania country.
Want to be more technical about SpotnRides? Then send an email to [email protected] for more details. Our after-sales assistance is something we can talk a lot about.
Our business team will connect with you and explain in detail about SpotnRides shortly after an email. Do partner with us to launch a blockbuster taxi app in Oceania!