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Hey guys, I am thinking to start my own rideshare business, since we have a licence to driver, what if I make my own app or flyers and start my own taxi and just pick people up randomly, is that possible?
 

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Hey guys, I am thinking to start my own rideshare business, since we have a licence to driver, what if I make my own app or flyers and start my own taxi and just pick people up randomly, is that possible?
There's a white label app that works almost exactly like uber"s called samsride. Rider/driver apps. You can brand them your own and go to town, but like others have said it won't be a cakewalk.
 

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Really? Never heard of that. Where did you get your info?
They were not denied. They have chosen not to come yet as their cost of entry would be too high. Toronto needs to change the requirements to allow small companies to grow so they don't need to shell out 50K right out of the gate. That's nothing for Uber but it strangles the new entrants from setting up shop when Uber already has the lead.
 

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They were not denied. They have chosen not to come yet as their cost of entry would be too high. Toronto needs to change the requirements to allow small companies to grow so they don't need to shell out 50K right out of the gate. That's nothing for Uber but it strangles the new entrants from setting up shop when Uber already has the lead.
I know Uber is valued at about 10 times lyft but I can't imagine a 7 billion dollar company being thrown off by 50k. You're thinking it's because Uber would offer better driver incentives and lower rider rates that would just make it a huge financial burden for a company like lyft to even bother coming here? If so, why hasn't uber been more successful in other markets...in your opinion?
 

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I know Uber is valued at about 10 times lyft but I can't imagine a 7 billion dollar company being thrown off by 50k. You're thinking it's because Uber would offer better driver incentives and lower rider rates that would just make it a huge financial burden for a company like lyft to even bother coming here? If so, why hasn't uber been more successful in other markets...in your opinion?
It costs over a million to open up in a new market. And it's not worth it at this time to focus on a small market compared to opening up in other US cities that already have established offices in neighbouring cities.

Again the cost of the investment for them is not worth it yet. They would need a multi city launch to make the Canadian market worthwhile. Maybe when Vancouver comes into the fold they will come.
 

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It is definitely doable, by 2020, there will be around 20 Uber like companies offering the same service in Toronto.
By then, which company people are going to order their rides form would be like which restaurant they are going to have their dinner for the night, all depends on what promotion and offer available to them at that time. I can forecast that the company I will be starting soon be a big hit because I will only allow riders and drivers with IQ above 140 to join.
 

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It costs over a million to open up in a new market. And it's not worth it at this time to focus on a small market compared to opening up in other US cities that already have established offices in neighbouring cities.

Again the cost of the investment for them is not worth it yet. They would need a multi city launch to make the Canadian market worthwhile. Maybe when Vancouver comes into the fold they will come.
Yeah, but I'm sure they pay those fees in any new market. I can only imagine Toronto is going to be one of the top ten locations. Can't imagine Vancouver will matter much being so far and regulated differently both at the municipal and provincial level. I guess time will tell.
 

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They were not denied. They have chosen not to come yet as their cost of entry would be too high. Toronto needs to change the requirements to allow small companies to grow so they don't need to shell out 50K right out of the gate. That's nothing for Uber but it strangles the new entrants from setting up shop when Uber already has the lead.
Its not the cost. It is the fact that there is hardly any deman in Canada. I was told there are like 800k users in gta. Which is peanuts. It wont be long until uber shuts down in TO.
 

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Its not the cost. It is the fact that there is hardly any deman in Canada. I was told there are like 800k users in gta. Which is peanuts. It wont be long until uber shuts down in TO.
I read somewhere there's approx 30k drivers in Toronto. With 800k users that's 27 riders for each driver at any given time. That doesn't seem like a bad ratio. In the dialup internet business we had a tough time servicing 10 users per phone line at prime time. The greedy competition went as far as 12-14 users per, but the guys like me (who got bought out for $$$ later) tried to stay 8-10 per.

"Peanuts" is a relative term.
 

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Its not the cost. It is the fact that there is hardly any deman in Canada. I was told there are like 800k users in gta. Which is peanuts. It wont be long until uber shuts down in TO.
800k users is more than the entire population of a lot of cities in the United States that uber and Lyft both operate together in.
 

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If you really interested in ridesharing business I could recommend you to read article See how to start a rideshare business and make a rideshare app from scratch in the cleveroad com and follow that marketing strategy
 

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