A very famous car rental services company which has its roots in Bangalore, India. Hereby Ola Cabs offers you the mind boggling opportunity to the people for attaching their owned cars with the OLA and scraping a great amount as profit. As anyone can adjoin their very own cars to OLA and earn a high profit in any densely populated Indian city whereupon the OLA services are available. This article will help you with Ola cab business plan.
Acclaimed to be one of the most rapidly growing service provider of Taxi in India. On the other hand there are other organizations which do business in the same segment. The major competitors include Meru Cabs or Ola Cabs. So in this blog we will only discuss about Ola Cab. The very first question that strikes anybody would be “How to get a car that is affixed or collaborated with Ola Cabs?
The second and the most important question: What is the scope of making a high enough profit to opt for Ola? The third and a hectic yet tiring and essential question is: What will be the documentation and procedure which should be followed? The Ola cabs Mumbai business is a great way to earn according to the experts.
What is the procedure that could be followed for becoming an Ola Partner?
The first and foremost thing which needs to be done for Ola cab business is buying a car. There are various types of cars available in Ola Cabs such as Ola Sedan, Ola Prime & Ola mini. Hatch back cars fall into the category of Ola mini such as Maruti Suzuki Swift, Maruti Indica, and Maruti Ritz etc. Maruti Swift Desire, Swift Dezine, Toyota Etios etc. While on the other hand in the Ola Prime category cars such as Mahindra XUV, Toyota Innova etc.
The thing which should be brought to notice is that every category has their very own customized plans for incentive. Buying a hatch back car may limit or cap the profit which will be far less in comparison with the category of the sedan cars. Likewise, the SUVs will for sure pull in high profits than the Sedans.
You also can decide to adjoin the car in 2 or may be in all the categories of the Ola cars available. For instance if you went ahead with the buying decision of Sedan car then you can affix the car in sedan as well as mini category. Likewise, if you have made your mind to go for a SUV then you can conjoin the car in all mentioned car categories which is sedan, prime and mini.
So other important thing brought to notice is that if sedan could be affixed in the mini category, then the incentive plan for you will be according to plan implemented according to the mini sub category.
In terms of profit which car type is preferable?
One cannot say which is more beneficial in terms of profit, as I did had a word with numerous car owners they did say that the Sedan category is more profitable than any other category. Advisable thing to do is to attach mini and sedan both in the category. In other words Ola business profit depends on the type of car attached to the Ola rental service.
What is the purpose of attaching a car in multiple category?
There is no two opinion about the rising numbers of bookings which you will probably get. Therefore in some cases there are less sedan bookings in comparison with the bookings for mini in your very own sedan cars. And what you will be paid according to the incentive plan of mini cars.
Affixing car to Ola as an owner
The truth here is an owner is not a driver. Which in simpler words means that you will have to look for a driver with a TR (transport) license. All the invoice and bookings can be checked with the help of mobile application. You being owner will get the earliest notification for total fair raised and bookings done so far. As that also clears the fact that the driver in no situation could betray you with any kind of frauds or cheap tricks. So there is no chance of any kind of cheating which could be done as each and every piece of detail will be conveyed to the cell phone number with text messages.
So with the above information one can come to know what and how something needs to be done when wanting to get in the Ola car rental business.