A new player has joined the ride-hailing industry in Singapore, creating much fanfare among private-hire drivers.
SixTNC is the latest ride-hailing company to compete for a piece of the ride-hailing pie with Uber and Grab.
It was founded by an Indonesian businessman and is actively operating in Houston, United States. It has about 5000 drivers on its platform.
Singapore would be the second city that they are venturing into.
Sharing SIXTNC Rideshare Video!
Posted by Lok Cheng Leng on Monday, June 19, 2017
SixTNC adopts a similar commission model as Uber and Grab as they take a 20% commission for every dollar that Drivers earn through that platform
Instead of pocketing the 20% commission, Sixtnc will give the person who referred you to drive on the Sixtnc platform a referral fee of 5%, as long as both drivers remain on the platform
Mr. A recruited Mr. B , Mr. C and Mr. D
Week 1 Fares – Mr. B earns $500 , Mr. C earns $600, Mr. D earns $700 in
Mr. B nett earnings – $500 x 80% = $400 / 20% Commission taken by SixTNC = $100 / 5% of the 20% goes to Mr. A = $25
Mr. C nett earnings – $600 x 80% = $480 / 20% Commission taken by SixTNC = $120 / 5% of the 20% goes to Mr. A = $30
Mr. D nett earnings – $700 x 80% = $560 / 20% Commission taken by SixTNC = $140 / 5% of the 20% goes to Mr. A = $35
Mr. A would have earned $25 + $30 + $35 = $90 from referral in a week alone from having 3 Drivers under his referred scheme
SixTNC claims that Drivers can earn an annum 6-figure income by driving just 8 hours a day, 5 days a week.
SixTNC highlighted that the key difference is the referral scheme. It is possible to have an annual income of $100,000 if Driver refers 30 active drivers who earns $150 a day.
SixTNC sells a beautiful business model that everyone will want to be a part of. Works minimal, earn maximum and have perpetual over-riding income.
More than 1000 and counting drivers have indicated their interest and are rushing to sign up.
