How To Start a Taxi Business

[Spencer]

A Taxi Business can be lucrative depending on whether you own the vehicle or it is on a hire purchase, if you can afford your vehicle you can start making money from day one, especially if you are I a mega city that has a lot of traffic, getting passengers will be easier.

The con of this kind of business sis maintenance you have to periodically maintain the vehicle if you want it to last and not become a money guzzler for you, many car fleets we have today actually started as taxis and with time they expanded and add in more vehicles to be managed by others.

 

[Mika]

You can buy a lot of cars and then rent out to drivers for them to operate as a taxi. Starting a taxi business is as simple as this. However, this type of taxi business need a lot of money. Another simple way to start a taxi business is by creating a ride sharing companies where you allow taxi drivers to register as drivers and common people as a customer. Drivers can get customers through app and customers can book rides through app and you earn commission from the deal