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 more have as much as 30% taken by companies such as has been occurring with Uber and Lyft. The actual purpose for drivers to switch is they will need to work less hours to make more money.
The business intends to launch this service inside the the following month and it is targeting the opening for first time drivers in LA and Orange counties while there is a dense population of both riders and drivers.
The services are also unique for riders in that they get compensated to share the app along with 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 can generate a viral sharing frenzy to get people on the app, essential to bringing in the drivers. Tryp has communicated with us that they want to launch sometime “within the next two weeks” in Orange County and Los Angeles in California. However, they have been heavily recruiting drivers in places like Atlanta, New Orleans, and any portion of the country they are able to get hold of.
We chose to attend one of these presentations and record it for your 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 to learn more. The presentation itself lasts about an hour as well as a half and is nearly the same as the kind of MLM presentation you would see from Vector Marketing (Cutco knives) or Herbalife, albeit modified to capitalize on the wonders in the modern internet.
What’s more, the presentation focuses heavily on recruiting other drivers. There exists almost no mention of any rideshare-related details. As the Rideshare Professor points out, at the time of this writing there is absolutely no brick niljss mortar HQ, no offices, no downloadable apps, nor any proof of licenses. You should check out his thoughts on Tryp here.
Rideshare Companies are Tough – We’ve interviewed CEOs of rideshare companies like Ride Austin and studied new entrants like Juno and something common theme is that the rideshare business is very tough and very expensive. Juno only gained market share since they were funded with vast amounts of money and had the ability to subsidize rides – but as of July 31, 2018 these people were doing around 33,000 trips per day, compared to Uber’s 453,000 trips per day. So despite all of that effort, they were completely dominated by Uber as well as Lyft in only one city.
Tryp’s emergence should prove that it’s simple to get drivers to sign up with a company but getting passengers is where the actual companies separate themselves from the others. There’s a reason why most drivers prefer driving for Lyft over Uber yet they still do the majority of their rides with Uber – it’s because Uber is the place where the passengers are and thus the money is.
Why Does This Appeal To So Many Rideshare Drivers? It’s no secret that lots of rideshare drivers are unhappy with the way they have already been treated inside the gig-economy. It’s easy to victimize that sentiment by giving a fast solution that appears to offer drivers a path to solving all their problems. This is why it’s no coincidence that Tryp is providing to offer drivers everything they’ve ever wanted with few details on how.
Prime Leads: Our company is already “entrepreneurs” that have taken a leap of faith and demonstrated a willingness to spend our own cash in something. We have now taken the initial risk to even start driving for Uber and many of us are even comfortable being independent contractors. We even have experience referring individuals to drive for Uber for a bonus.