How much would it cost to create an Uber-style app? When you want to develop an on-demand taxi service app like Uber, this is often the first thing that comes to mind.
These days, SaaS apps are the trendiest business models. It’s also logical if you want to construct an enterprise Saas development company from the ground up as Uber did. Many companies are coming to the taxi app industry now that Uber has created a proven disruption roadmap.
The dominant market segment, according to Gartner, will continue to be Software as a Service (SaaS). The market is expected to rise to $116 billion by 2020, according to a worldwide research agency.
The team attributes the increase to the scalability of subscription-based software. In the SaaS market, having an Uber-like app can help you succeed. What about the prices, though?
We’ve got you covered! In this piece, we’ll look at the several elements that influence the cost of creating an Uber-like business.
However, in order to have a good notion of price, you’ll need to look at Uber’s business plan and figure out what features should be included in an Uber-style app. Let’s see what happens.
What is the Uber Process? Important Factors to Consider
Have you heard of the term “unicorn” in business? The term “unicorn” alludes to a strange animal. Uber is one of the world’s most successful businesses.
In the seven years after its founding, the company’s value has risen to a record-breaking $68 billion. Uber unicorn research is critical, which should come as no surprise. You may use the feature information to help you design and price your own applications, such as Uber.
The Story of How Uber Works
If you want to create an Uber-style app but aren’t sure how much it will cost, learn how the service works from the customer’s perspective.
- Customers can use the app to order a ride (vehicle) right now or at a later time. This type of request is issued to neighboring drivers.
- The driver has the option of accepting or declining the trip. If a driver declines a ride request, the next available driver may accept the request.
- The consumer may now follow the car and know what time it is expected to arrive.
- The software helps the consumer calculate the amount ahead of time, and the cashless payment option is available.
- The rating is used to determine how dependable building services are.
It’s important to remember that creating an enterprise SaaS solution is analogous to building a house. You must include minute information in your app blueprint (Software Requirement Specifications [SRS]). The finer details may help you design competitive features and pricing to keep you ahead of the competition.
Features that Make Uber A Successful App
The extra features you add to your software will have a big influence on the price. The cost of developing your app will vary depending on the features you choose. As a result, it’s advisable to proceed with caution and think about the use of each feature.
Let’s look at some of Uber’s capabilities. The features will help you understand how a feature-rich application may help you with pricing and much more.
Customer-side Features of the App & The Cost of Development
When creating an app like Uber, you must consider your approach. The price of an Uber ride is determined by the type of service you order (i.e., UberBlack, UberSUV, and so on).
Is there a set of criteria that Uber uses to determine the rate for a trip? Yes! The following are parts of Uber’s business model:
- the standard fare
- Minutely rate
- Price per mile
- Free transportation is provided to salespeople.
If you want to create an Uber-like app that also takes cashless payments, follows these steps. One of the first things you should address is the protection of your customer’s financial information.
Make PCI compliance a top priority if you want to store and handle credit card information.
You may also utilize payment gateways like Stripe or Braintree, which provide fully supported PCI compliance solutions.
Braintree handles Uber’s credit card processing. The Uber app also uses card.io technology to read card numbers using a camera.
With Panache, work on the costs of developing a SaaS app like Uber.
Estimating the expenses of developing a SaaS service is straightforward. After you’ve laid out your alternatives, app features, and pricing considerations. You can not only budget for your startup and recurrent expenditures, but you can also cut costs like a pro.
Making decisions based on reliable data feels natural to us as entrepreneurs. It’s always a winner! In the SaaS market, you could find that following your intuition can help you make better judgments and increase your profitability.
Finally, the cost and feature considerations are critical. What’s more important is to understand how a fantastic app may bring value to your customers. Pricing and financing might be intimidating, but nothing beats the joy of having ‘happy customers.’
Build a Successful Uber-like SaaS App with Imagination
Do you want to be a unicorn and build a SaaS solution for your clients that functions like Uber? If you’re not sure where to start, get in contact with us.
We’re a multi-award-winning mobile app and web development company with a proven track record of creating significant digital success stories for businesses ranging from startups to Fortune 500. Let’s have a discussion about it.