Uber is a taxi-hailing mobile application that allows riders to get seamless access to drivers. Available all over the world, the company is valued at over $50 billion.
What business opportunities does Uber offer?
There are various full-time and part-time opportunities available and there are opportunities for people to earn money as independent contractors as well.
In South Africa, you can make some good money if you own more than one car. By becoming an Uber partner and spreading your risk you have a better chance of great success.
As a driver you can also get the benefit of being able to drive when you want. You are able to determine your own working hours, which gives you more flexibility. You won’t have to work in an office, and as an owner you won’t have to report to a boss anymore.
Depending on the number of pick-ups made you are able to earn more money or you can generate an extra source of income.
The opportunities offered by Uber provide quality and unparalleled simplicity and convenience. This has created more business opportunities for individuals looking to invest. In addition, the network available in over 300 cities in more than 60 countries has provided individuals with more business opportunities.
What factors are there to consider?
- Costs of financing a vehicle
- Licensing costs
- Insurance costs
- Repairs and maintenance
- Fuel costs
- Phone costs
- Crime in the country
- Finding the right kind of driver
Another way of taking advantage of business opportunities offered by Uber is by investing R200 000 with a company like Aldes Atlantic, which actively manages Uber X vehicles.
Management includes operations, maintenance and replacement of the vehicle.
As an investor you get 10% of turnover (after deducting Uber’s 20%)
This way you could get R800 to R1000 per week.