New Subscription Service
Uber believes good things happen when people can move, whether across town or toward their dreams. This has lead Uber to create a global ridesharing service. While they changed how people can request rides, it was only a starting point.
Uber’s offerings include Rides, Eats, grocery delivery, transit benefits, and more. Uber wanted to build a subscription program that would promote usage across their services and enhance relationship retention.
Uber partnered with Socratic to identify the price points and benefits to include in a
comprehensive subscription service that would help create a better user experience.
Advanced Adaptive Conjoint Modeling
Build an Optimized Subscription Offering
Socratic employed an adaptive conjoint design to manage the large number of benefits tested. Other design considerations included rules on benefit combinations and total subscription pricing.
Modeling revealed the types of benefits (e.g. Rides, Eats, Transit) and individual benefits (e.g. 10% off all rides, $0 delivery fee on Uber Eats) that drive subscription interest.
Price-demand analyses were also produced to identify pricing thresholds based on the combinations of benefits included.
The analysis proceeded to identify benefits with targeted appeal (e.g. customer groups willing to pay more for Premium Ride benefits) that Uber can use for special offers & promotional marketing to specific customer groups.
The Path For Uber To Successfully Launch A Subscription Offering
Socratic ultimately presented two subscription bundles for consideration.
Uber opted to launch the solution with the most attractive core Rides & Eats benefits at a price point that would maximize revenue potential.
The go-to-market subscription launched as Uber Pass and is available in hundreds of U.S. cities. The initial offering included benefits for Rides, Eats, and grocery delivery. However, this research also recommended a roadmap Uber can use for future enhancements.
Uber has over 100 million users worldwide with net revenue of $14 billion dollars. Their services can be used in over 900 cities, across 93 countries.
Sources: https://www.statista.com/statistics/833743/us-users-ride-sharing-services, https://www.uber.com/,https://www.businessofapps.com/data/uber-statistics
MANY INTERNET-BASED COMPANIES ARE PARTNER-CLIENTS
We are proud to be client-partners with many online and digital organizations who are leaders in their industry. Socratic is recognized as thought leaders and valued advisors in many sectors including:
Send Us A Message If You Would Like To Find Out More About How We Can Help You With Your Research Needs.