Starting your own taxi business is not somewhat easy. How do you think of doing a prospective business owner? Well, the market competition is at its highest! So, finding some kind of niche will be important in standing out.
As the research shows, the number of taxis is going to decline in London. While the disappointing level of satisfaction in rural areas could make the case for improving the taxi offering with a hyper-local taxi service in a rural area. In the end, it counts most that whatever is most suitable for you as a driver. Of course, changing your location is not feasible but you can think about the other options that make the most sense.
The city centres give you a lot of benefit in terms of earning money, a greater number of passengers and an interesting driving environment. But this interesting driving environment can also be frustrating, hectic, hostile and expensive. If you are driving a PCO Car Hire London, you also need to pass the driving test.
TfL can either grant a licence for the whole greater London area or for 1 or more of 9 different suburban sectors in London.
A Local Taxi Service
If you want to drive in the suburbs, it would be a more relaxing experience than driving in the city centre, as there are less traffic and fewer pedestrians. However, this also means fewer and less profitable fares.
You could also use PCO Car Hire London to solely serve an airport or a key transport route from the city centre to another location. This requires you to have a PHV license. There are many other taxi firms competing for airport territory as there is a continuous supply of passengers. In the same way, using your PCO car hire at a train station is a guaranteed source of regular passengers.
Local working parents or the ones who don’t own a car could be a good market to target a school taxi business. For this, you will need an enhanced DBS (Disclosure and Barring Service) check to assess if you are suitable to transport children or not.
The Club Run
Drunken celebrators coming out of the club are always looking for a taxi service. You can develop a relationship with a club or bar to ferry supporters to & from the venue and perhaps even get a commission from your efforts.
Becoming A Female Taxi Driver
Though the majority of taxi drivers are male, another potential niche is a female only taxi company. This may attract female passengers who feel more convenient, comfortable and safe riding with a female taxi driver and possibly to the parents who would be more trusting of a female driver transporting their children.