While some words can be referred to as exclusively Uber-related,
there also exist normal words that might have their meaning altered in the ‘Uber-context’.
This simply means that although they are everyday words, they might be used
differently in the Uber business
world.
So, to acquaint you with some Uber lingo, we will discuss some
words in this edition of the Ultimate Uber Dictionary.
Uber Driver
What does it mean to be an Uber driver?
This question is one that many will be quick to answer. Yes, being a driver is
not hard to understand, but there are certain requirements to fulfil in order
to qualify as an Uber driver. Uber
drivers are not in any way employees of Uber. They are independent car owners,
who have registered on the Uber platform to get access to riders through the Uber driver app. Do you want to
drive with Uber? Simply click here
Uber Partner/Entrepreneur
An Uber partner is
a registered fleet owner. That is, an individual or group of individuals who
have a fleet of vehicles registered on the Uber application. They hire a number of drivers who convey riders just like the
regular Uber driver. Are you an Entrepreneur? Do you want to be a part of
the ridesharing business? Simply click here to sign up.
Uber Rating
Uber
Rating is a feature of the
Uber application that allows riders
and drivers the opportunity to rate one another based on their trip experience.
The rating system was put in place to ensure that only the most respectful
riders and dutiful drivers are using Uber. Ratings are always reported on an
average, and neither riders nor drivers will see the individual rating left for
a particular trip.
Uber API
The Uber API is a great innovation that allows third party affiliates
to offer Uber services to their users via their own application. In August
2014, Uber released this API and since then, it has allowed its on-demand ride
providing services to be integrated into other third party applications.
Such applications that have the API on their apps include Tempo, TripAdvisor, OpenTable, Expensify and many others.
Surge Pricing
Surge
pricing is simply a temporary increase in Uber fares. Uber rates usually
increase at times when demand cannot be met by the number of drivers active on
the road. In an attempt to meet up with demand, Uber raises the cost of ride
fares to entice more drivers to get on the roads.
Uber tries their best to ensure that riders are alerted of the
most recent price change. This is why you see a notification screen in your app
whenever there is surge pricing. It is only if you accept to ride not minding
the higher rates that you are connected to a driver.
Uber Algorithm
This is Uber’s automated
price calculation system. It
is what regulates the Uber fare rates according to the odds of trip execution.
It is also the program responsible for raising the price when the demand is
higher than the number of available drivers.
Zero
Zero is Uber’s term for a rider who opens the app and sees no
available cars in their area. This term is mostly used during surge pricing.
Uber Services
There are multiple Uber services available. These services were designed
with the Uber passenger and Uber driver in mind. Different Uber services
include UberX, UberBLACK, UberSUV and the UberSELECT to name a few. Some of these services
like the UberBLACK demand higher
fares; while the UberX is Uber’s regular service with the fare priced just
right.
About the team
Founded in 2014 by Malik Akande, a former
Accenture employee, the Uberkit team is dedicated to maximize the profit and
ROI of the entrepreneurial minded uber partner looking for the right components to
put together an uber business plan, visit www.uberkit.net. The “Own an Uber black fleet kit” and “Grow your UberX Business Kit” was designed and developed primarily by Malik Akande for uber
entrepreneurs looking to give you a true answer to the question: How much do uber drivers make ?
-by Ola John and edited by
Nkiru Enemchukwu
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