North America is a land of opportunities and new ideas. It is the home for many on-demand startups; the famous Uber and Lyft started their operations in the US; continuous innovation is the norm here. If you are a person from North America and still haven’t thought about launching a startup, then it is high time you do so now.
In this blog, we will explain the prospects, growth potential, and solution building for the on-demand taxi booking app startup. Before then we will see something you must be aware of.
Access to monetization
Want an investor to fund your startup at an early stage? Then the US is the right place to find many investors. Since the taxi startup is matured and enough room is there for innovation, impressing an investor with your idea won’t be difficult.
Apart from an investor you have venture capitals and equities whose main work is to identify exciting startups and be a part of them.
Access to resources
Finding a third-party firm for purposes like marketing and consulting is easy in the US. Also the quality of work done by these firms is top-notch when compared elsewhere.
Top talents are at your disposal in the US. You will easily find skilled talents with expertise in diverse areas. Right manpower for startups is vital because you have budget issues at the start.
Startup friendly regulations
For successive years, North America is ranked as the most business-friendly nation. Startups in the US get clearance in a matter of days; single-window clearance enables to quickly launch a business; regulations to set up an office, establish assets are easy. Many top universities in the US have incubation centers to groom startups and also to help other startups with the right guidance.
Population with high purchasing power
North America holds the second position in terms of purchasing power with the distinction of the world’s largest GDP. A feather in the cap is that wealth is evenly distributed across the US and so you need not search for cities like NY, San Francisco, Washington alone to launch the startup.
High percentage of tech adoption
For a startup similar to Uber, one needs a population that is sophisticated with the latest techs and even more important is to adopt new updates. In the US there is no prob of tech adoption, you can confidently launch a tech startup.
Hence, by all means, North America is a perfect destination for a tech launch like Uber.
Why taxi startup like Uber in North America?
The reason why I suggest an online taxi booking model is for the fact that its stability is promising unlike other ideas. The success of Uber and other taxi startups in North America is a testimony to it. I would like to reinforce this belief with some set of data points.
The taxi-hailing market in 2019 registered a revenue of $1000 million, this is expected to touch $1500 million in 2020. The compounded annual growth rate of the entire ride handling startups will be 10% till 2024. These data points are provided by a standard analytics firm.
SpotnRides taxi booking app solution
If you are new to the on-demand taxi app sector, then it is better to get acquainted with the app solution used for the startup. Obviously, in your new startup you will be offering a taxi app for drivers and customers; this taxi app comes as a complete setup which also includes an admin web panel which you will be handling.
The taxi app setup forms the core of the startup and hence, having a better solution is inevitable to make a change and in future too the solution must handle innovations.
So, it is imperative to turn your attention towards getting the perfect fit software for your startup. The most sort after way to get a perfect fit solution is by partnering with technology firms like SpotnRides.
SpotnRides for a very long time makes and delivers taxi app solutions and helps startups to quickly reach their goal.
Things to look in a taxi app solution and provider
I hope you have made up the idea of launching a taxi app startup in prospective North America. Plus you have SpotnRides, a pre-built solution at your disposal. What more do you want?
Things are set for you; now mail us to [email protected] to get more details about SpotnRides and talk to our clients in the US. Let us discuss briefly about launching a successful taxi app startup along with our technical team!