Imagine that, and just SIX years ago, Uber did not exist!!
This should give new businesses hope that there is still a lot of money to be made from a totally new business model.
The key is to hold down expenses and start up costs.
Two things Uber must fight ( if they can win, they’ll be YUGE ):
1) Taxi drivers and Taxi medallion owners. In big cities, the Taxi medallion value has DROPPED by 30 percent since Uber came into the picture.
There are anti-Uber street protests in Europe ( France especially )
2) City Government. Will they allow Uber to expand?
Even now, many are contemplating taxing Uber drivers for using city roads (some call it the “traffic tax” ).
Other than that, it’s a wonderful way for car owners to make money.
I know of a part-time college student who is paying is tuition bills as an Uber driver.
I also know someone who is a bored retiree who decided to be an Uber driver ( he sets his own hours ). This adds another $600 a week to his retirement income.
This business model is like eBay, a win-win situation for customers and ordinary car folks.