Download - Lyft: Our Generation's Taxi

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Page 1: Lyft: Our Generation's Taxi

“Our Generation’s Taxi”Hannah Kim

Carolyn Huang

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Hypothesis

Lyft is more successful than Uber among the college demographic in Los Angeles due to its approachable branding.

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HypothesisLyft is more successful than Uber among the college demographic in Los Angeles due to its approachable branding.

TRUE1. Lyft > Uber 2. Reason:

Approachable Branding

1. Lyft < Uber or

2. Reason: Not Approachable Branding

FALSE

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Findings

Lyft is more successful than Uber among the college demographic in Los Angeles due to its approachable branding.

LESS^

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Methodology• Secondary Research– Media Coverage– Industry Landscape– Competitive Landscape

• Primary Research– Media Content Analysis– Focus Group– Insta-Poll– Twitter Content Analysis

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Secondary Research

• Press Coverage– Game changing for the transportation

industry– Fierce competition

• Industry Landscape– The “sharing economy”

• Competitive Landscape– Uber, Sidecar, Taxis, Public Transit

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Press Coverage

Source: The Wall Street Journal

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Social Media

#lyft popularity and top correlated hashtags

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Hobby Soul Cycling

Brand H&M

Drink Green Juice

Lyft Persona

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Uber Persona

Hobby Wine Tasting

Brand Hugo Boss

Drink Espresso

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The Real DealUber Lyft

First Time Promo Code

First Time Promo Code

Fare Estimate --Friend Promo Code Friend Promo Code

uberPLUS Lyft PlusFare Split Lyft Line

International National

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Primary Research• Media Content Analysis• Focus Group• Insta-Poll• Twitter Content Analysis

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Media Content Analysis

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Focus Group: KeywordsLyft• Pink Moustache• Car Service• Taxi• Uber• Cheap

Uber• Classy• Professional• Controversy• Town Cars• Pricey

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In Car ExperienceFocus GroupLyft• Casual, interactive drivers• Creepy candy-giving

Uber• Taxi-like, professional drivers• Gum/water is nice

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In Car Experience

Insta-PollI like Uber better; I don't like talking to drivers. Lyft, I have to sit in the front seat and talk to drivers or fist pound. Uber, I can do my own thing.

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There’s Only Room For

One

Focus Group• People don’t need both apps• Stick with initial app

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There’s Only Room For One

Insta-PollI’m used to getting Uber. Started with it first and I’m lazy to change.

“ ”

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What drives purchase decisions?

Focus Group• Past experience• How close the drivers are located• Promo codes between friends• Rides are heavily social based

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What drives purchase decisions?

Insta-PollI think Uber is more reliable. I like the drivers better. I've had bad Lyft driver experiences, and also the cars are blaringly ugly with the pink moustache.”

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What would it take for you to call a Lyft next time you need a ride?Focus Group• A free ride

Insta-Poll I guess I would call Uber if it’s cheaper.“ ”

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Uber Lyft

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Which would you call?

46%

34%

20% Insta-Poll Results

UberLyftEither

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Which would you call?Insta-Poll

I would call Lyft, but sometimes I want to have the choice of not interacting with the driver.

“ ”

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Insta-Poll

Price & Promotions

Socia

l Influence

Convenience

In-Car Exp

erience

First

Download

Reliabilit

ySp

eed

Media Influence

0102030405060

50

19 16 126 5 4 2

# Mentions

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Twitter Sentiment Score

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Positive Sentiment

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Negative Sentiment

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Challenges & Limitations• Too much material to digest• Constantly updating app features• Insta-Poll and Focus Group only

represent USC• Focus Group only included USC PR

students• Uber’s international reach skews

results

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ScoreboardMedia Content Analysis

Focus Group

Insta-Poll

Twitter Content Analysis

x

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Summation

Lyft is LESS successful than Uber among the college demographic in Los Angeles due to its approachable branding.