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There is no easy way for these people to make money. Not unless they start charging their customers some multiples of price higher than they are doing currently
by kamaal 9y ago
There is no easy way for these people to make money. Not unless they start charging their customers some multiples of price higher than they are doing currently.
Here in India, I go by the office cab to home everyday. I generally chat with the drivers as to why they don't drive for Uber/Ola etc. The answer is they need to make a good 1300 rupees on a round trip to be profitable, at a minimum of 6 trips per day. A trip with Uber/Ola etc costs 300 rupees(With pool). But even then!
So that's like these people need to start charging a minimum of 5x extra to make profits. At that price these people are no longer a viable means of transport.
To be profitable you need to back to the yellow taxi medallion thingy all over again.
EDIT: Fix a mistake.
- marvin 9y agoThat's less than one order of magnitude (10x), but of course the point stands.
- mncharity 9y agoAnother definition of 1 oom is anything between sqrt(10) and sqrt(10)*10. Basically 3 to 30. 2 oom, 30 to 300, and so on. So if the (now edited) original intent was exponential, "more like 10x than 1x (or 100x)", then calling 5x an oom is fine. If the intent was linear, then yes, rounding 5x to 10x is 100 percent error (difference/actual). :)
- marvin 9y agoHuh, interesting. Wasn't aware of that :)