Robbie you are looking at this ALL WRONG .Big Dommo and Billy the Bastard and The One We dont mention went to the IDA for a Grant .They took an existing product a Whore .Sent her to a Plastic Surgeon got a pair of Tits built on to her back .Their Business Proposal was the one Whore could now increase business activity by 100% operating both sides and the Anal would cost 5% more to off set the cost of surgery .A brilliant piece of Economic increase utalising existing resources to drive Profitability .Great Idea on Paper but nobody wanted it .
Thats the Difficulty with Business you need to identify your market .With a taxi app it is Passengers .They want door to door transport .Nowthey have than Street Hail or App hail or dial up hail .So this new app is not offering them anything they do not already have .So what is its selling Point ?
This is successfully being sold by its developers to its market Taxi DRIVERS .that is not the same as taxi CUSTOMERS .I have already told you for this to be a Stand alone App the sums are 17 jobs per driver per shift .17x1250=that is 21.250 jobs per day or 148.750 per week or 7 million 735 thousand per year .Those are the figures for a fleet of1250 Drivers Nationally .Does that seem realistic ?
The answer is No it cannot compete with others offering bonus payments to drivers and discounts to passengers because there is no stand alone taxi App .UBER is not a Taxi app it is a Data harvesting app .Taxi services was a decoy to put tracking devices in customer phones access their data so they can sell on that data for profit to advertisers .Google Maps do the same its live on your taxi app in your pocket tracking you .Spotify does the same .This App cannot and willl not work because it is selling a service already saturated and has no alternative revenue stream as they do not own the App or store the Data themselves .
You are buying a share in delusion like the fella buying a share in a Piedball gelded pony you wont win the race and you have no Stallion Possibilities .If you are going to invest in business at least understand Business .
I was surprised at the Clontarf Cavalier who understands Crypto Currencies and Crypto wallets getting involved .All the real Taxi Apps are Data harvesters nothing to do with taxi hailing .They could give the service away for nothing .This New Venture has no Cost variables to work with no other stream of income .Uber built out their own Dynamic Mapping and Pricing based on tracking you showing them the routes .By offering fixed fares they accustom the users of their Driverless Product to how their cost structure will operate when you hail a driverless vehicle .
I knew an old Millionaire you would not think this lad could afford to eat .He built the little housing Estate on Bluebell Avenue and Bought the old cottage where the new housing estate is across from the Circle K on the Canal Bridge in Clondalkin .I remember sitting in his kitchen and he gave me advice I chose to ignore .He said " John you are a very clever man but an idiot ,you spend all your time fighting and winning some battles but you never focus on the War " So think about that .What do drivers want ? They want to be paid for all the Work they do and paid the right price as in the Metered fare .So to do that they should be looking at removing the Apps not adding to them .Keep your eye on the Target not the days battle .
If I get 13 jobs per week from it, it is as profitable as the 10% Bolt are charging me. If I get to 62 jobs per week/14-15 jobs per day from it, I can dispense with all other apps, and the commission would be down to 2%.
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