Uber is considered by many part of the new “sharing” economy… and some people thought only MLMer’s share (not sell).
It could be assumed that anything that competes with a person’s opportunity to make money, control their own destination etc, might be considered competition to MLM.
Let’s face it, most people would rather share their ride or give a ride than recruit or sell.
Could Uber be less of your competition in the future?
This article on Seeking Alpha could shed some light on the future challenges of Uber as competition for your MLM business prospects:
- Uber is burning hundreds of millions of dollars per year with losses likely to accelerate.
- The cash burn will accelerate as Uber increases their driver subsidies to compete with other ride-sharing services.
- The subsidies war between competitors extends overseas where in 2015 alone Uber plans to spend a billion dollars on their China expansion against aggressive Chinese competitors like Didi Kauidi.
- We are skeptical that Uber can use this growth strategy to gain an insurmountable advantage in the ride-sharing industry like their valuation predicts.
Source: Seeking Apha