3 ms·
Think of competitors as friends. They bring you business. Yes, it helps you that the taxi can have a phone with lyft in the same car. It gives the illusion of
by user5994461 10y ago
Think of competitors as friends.
They bring you business. Yes, it helps you that the taxi can have a phone with lyft in the same car. It gives the illusion of choice and it gives an alternative to the driver.
In the end, your business has 90% market share. It's not going away overnight. Market share is actually self sustaining and it's giving you a strong edge for the future.
Competitors don't have 1/10th of the cash. If they get try to compete on subsidies, they'll get a peak of traffic and run out.