Uber X - Popular Way To Build Marketplace

Uber has been very successful with taxi hailing app and its really a viral phenomenon now. UBER X is born out of that. New wave of entrepreneurs wants to build uber like business and they know if they focus on niche industry vertical there is serious money to be made.

What is UBER X:

Uber is basically on demand taxi Service Company. So Any company that operates in an on-demand economy, via mobile app or website, in which goods and services are delivered ‘on-demand’ can be called Uber for X.

Uber for X is merely mechanism or platform in order to connect consumers and sought after services or service providers.The Uber for X model theoretically connects users with all Uber style services. The online and app demand for Uber style apps is growing and continually reaching record highs.

How Startups cab build business using UBER X:

Industrial revolution created consumers worldwide and market access became the most sought after government policy. Single access market like EU made easy to manufacture goods anywhere in the world and sold to biggest single market. Since markets become more accessible it was time to reach to consumers worldwide. Web 2.0 helped close that gap and we saw companies like google, ebay and amazon took full advantage of digital marketplace.

What became success in product based market can be easily replicated with service based marketplace. Classic examples are Uber, Fiverr, Upwork and so on. One thing that is common to all this companies is the scale they were able to achieve with digital marketplace.

Uber for X is the latest trend in building digital marketplace with highly localized providers. Growth and scale can be achieve with Uber for X if you have niche product / services to offer for healthy demand.

Opportunities with Uber for X

Angel.co have around hundreds of startups marketing themselves as ‘Uber for X’ around the world. Where X can vary from handyman, plumber, beautician, electrician, cook and much more. Some of these verticals have already shown momentum and healthy growth for service including food and dining, travel, beauty care etc. It has immense potential for a startup to venture into niche market area.

Everyone is able to do more with the presence of ‘Uber for X’ business models, giving enterprises better profits and helping users with better services. What the future holds for ‘Uber for X’ is hard to imagine given the dynamic nature of the model. However, it is safe to assume that it could inspire the next generation of startups too, especially in developing economies where the market is still coming to terms with the inculcation of technology in their daily lives.

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