A new rideshare company, Tryp Rides, is soon to launch their particular service of 100% fare, tips and wait chargers for drivers in LA and Orange county. Drivers will no longer have just as much as 30% taken by companies like has been occurring with Uber and Lyft. The underlying motive for drivers to switch is that they will have to work less hours to make more money.
The company intends to launch this service within the the following month and it is targeting the opening for brand new drivers in LA and Orange counties since there is a dense population of both riders and drivers.
The service is also unique for riders in that they get compensated to share the app with some other friends, colleagues and family. Every time someone they share the app with uses the app to hail Tryp ride share, they earn $.40. This will produce a viral sharing frenzy to have people on the app, important to bringing in the drivers. Tryp has communicated with us which they intend to launch sometime “within the next two weeks” in Orange County and Los Angeles in California. However, they are heavily recruiting drivers in places like Atlanta, New Orleans, and any area of the country they can get hold of.
We chose to attend one of these presentations and record it for the notes. I quickly found a link that connected me to one of the 4 daily Zoom video conferences that Tryp gives to eager rideshare drivers seeking for more information. The presentation itself lasts about an hour as well as a half and is also very similar to the kind of MLM presentation you will see from Vector Marketing (Cutco knives) or Herbalife, albeit modified to capitalize on the wonders of the modern internet.
What’s more, the presentation focuses heavily on recruiting other drivers. There exists hardly any reference to any rideshare-related details. Because the Rideshare Professor highlights, at the time of this writing there is absolutely no brick niljss mortar HQ, no offices, no downloadable apps, nor any evidence of licenses. You should check out his thoughts on Tryp here.
Rideshare Companies are Tough – We’ve interviewed CEOs of rideshare businesses like Ride Austin and studied new entrants like Juno and something common theme would be that the rideshare company is very tough and very expensive. Juno only gained market share since they were funded with millions of dollars and were able to subsidize rides – but as of July 31, 2018 these people were doing around 33,000 trips per day, when compared with Uber’s 453,000 trips each day. So despite all that effort, these were completely dominated by Uber as well as Lyft within one city.
Tryp’s emergence should prove that it’s very easy to get drivers to join up with a company but getting passengers is the place where the real companies separate themselves through the others. There’s reasons why most drivers prefer driving for Lyft over Uber yet they still do almost all of their rides with Uber – it’s because Uber is where the passengers are and therefore the money is.
How Come This Attract A Lot Of Rideshare Drivers? It’s no secret that many rideshare drivers are unhappy with the direction they have already been treated within the gig-economy. It’s very easy to take advantage of that sentiment by providing a simple solution that seems to offer drivers a way to solving all of their problems. For this reason it’s no coincidence that Tryp offers to offer drivers everything they’ve ever wanted with few information on how.
Prime Leads: We have been already “entrepreneurs” which have taken a leap of faith and demonstrated a willingness to shell out our own cash in something. We have taken the first risk to even start driving for Uber and many of us are even comfortable being independent contractors. We even have experience referring people to drive for Uber to get a bonus.