How to make money from Uber and Taxify business in nigeria
How to Start a Business in Nigeria

How to Start Profitable Uber and Taxify Business in Nigeria 2024

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Every major city of the world has a high demand for a transport system that is quick and convenient to carry out day-to-day activities, be it business or pleasure.

Nigeria, the most populous black nation on earth is no exception in the need for a fast and convenient transport system, especially in major cities like Lagos, the industrial hub of Nigeria.

This is where Uber and Taxify come in.

It is necessary to note the slight differences between Uber and Taxify even though they serve the same purpose.

Uber, charged with the responsibility of offering services like taxi cab hailing, food delivery, bicycle sharing system, and peer-to-peer ridesharing, is a transportation network company (TNC) with its headquarter at San Francisco, California, United States of America.

Taxify, on the other hand, is an international transport network company which creates a platform for people to request a taxi or private driver from their smartphone with the aid of Taxify mobile application developed by the company headquartered at Tallinn, Estonia. Both transport companies serve the same purpose but cannot be interchanged.

Prior to the advent of Uber and Taxify in Nigeria, public transportation with people hailing at the taxi and hopping into buses, was the order of the day. The need for a comfortable transport system was imminent. Uber’s arrival in the year 2014 proved to be great ease due to its quick and convenient nature.

However, a competition which improves customer satisfaction was needed. The arrival of Taxify by November 2016 served as the perfect competition to Uber.

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Taxify Vs Uber in Nigeria

While Uber was restricted in its area of operation with upmarket Lagos Island areas of Ikoyi, Victoria Island, Lekki, and closer mainland areas like Yaba as some of its focal point, Taxify had wider coverage.

Uber and Taxify have, without doubt, improved the transport system for cities like Lagos and Abuja. No doubt other cities will be covered with time.

 

How to Make Money From Uber and Taxify in Nigeria

Earning through the Uber and Taxify platforms is the focal point of this article. Despite the fact that these transportation network companies are foreign-owned, citizens here earn from it because the manpower required are locals with great knowledge of coverage areas.

Working as an Uber or Taxify driver could be a great source of wealth for individuals. It also reduces the rate of unemployment in a country like Nigeria where jobs are quite hard to come by.

It is also needful to note that there are other ways of earning from Uber and Taxify other than being a driver. Someone with a huge capital can purchase cars and register them under the transport company and get drivers, with all parties getting a certain percentage from the target reached.

 

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Starting Uber and Taxify Business in Nigeria

Earning from Uber and Taxify is possible with self-evaluation, meeting requirements, a good work system, and meeting customer satisfaction. These factors are explained below.

 

Self-Evaluation

A thorough self-evaluation is important in joining the Uber trend because not all individual has the capacity to do this business. If you want to work as an Uber or Taxify driver, evaluate yourself and be certain that you can cope with customer troubles, the stress of driving people through traffic on a daily, and risk of working late at night. Despite the training that a driver must undergo before starting, the role of personal assessment cannot be under-estimated.

 

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Meeting Requirements

It is necessary to point out the requirements for becoming an Uber or Taxify driver in Nigeria. These requirements include valid driver’s license, vehicle registration, proof of insurance, driving experience, vehicle requirements, clean criminal record, and an age requirement of 21 and above. You are sure to hit the road as an Uber or Taxify driver if you meet these requirements.

Vehicles for Uber must be in a good condition with a working radio, air conditioner, and four doors. The aim of a vehicle with a good working condition is to ensure safety and also meet the mission of a convenient transport system for customers.

 

Work System

As stated earlier, passengers can place an order for a driver to come to pick them up at home to their desired destinations through the use of the Taxify mobile app on their smartphone. The fees can be calculated by a per minute drive, per kilometer, or it could be fixed. With this, the Uber driver gets his pay. Due to the pay system, Uber or Taxify drivers tend to set targets for themselves daily or weekly, which means more pay.

Uber or Taxify does not own these cars and due to this, one is free to decide the convenient hour for work. Uber takes 20% commission and credit the driver’s account weekly or monthly. This means more work more pay for drivers and the company, too. One might argue the fact that drivers make a lot of money through Uber or Taxify, but it’s baseless.

The idea of focusing Uber and Taxify in industrial or major cities lies in the fact that on a daily basis, businessmen and women with less knowledge of these cities need a transport system that would enable them to work fast and not face the stress of trying to locate addresses for business transactions. No wonder airports are full of Uber and Taxify drivers to carry customers about the new city.

Not to forget is the fact that cars used for Uber and Taxify are in excellent working condition, so it gives the customer this sense of being driven in their own personal cars. It would not be out of place to say that this is why people ask for more of Uber and Taxify services.

 

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Customer Satisfaction

This point is very crucial for any Uber or Taxify driver as avenues are created for customers to rate the services of the driver. With this, the drivers work extremely hard to satisfy customers because good rating by customers means an increase in pay for them and they are sure to retain their jobs.

Also, customers rate the services of these transport companies because it makes it easy for the companies to find out if vehicles used for their operations are good for customers and avoid poor services so that they don’t fail market demands.

 

Consider Starting Other Businesses in Nigeria

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2 thoughts on “How to Start Profitable Uber and Taxify Business in Nigeria 2024”

  • Thanks for the pointers, really appreciate the tips since an planning on starting my uber business soon

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