Rideshare advertising

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Rideshare advertising is a form of digital, out-of-home advertising that uses in-car advertisements in ridesharing vehicles. [1] [2] [3]

Contents

Technology

Rideshare advertising can refer to digital display screens placed in the back of vehicles, as well as exterior car wraps and displays, snack boxes, and more. Drivers contract with rideshare advertising companies, and ad displays are controlled by the rideshare advertising company. [2] James Bellefeuille, founder of Vugo, coined the term "Rideshare Advertising." [2] As independent contractors, rideshare drivers have full control over the display of games, advertisements, and decorations inside their cars, paving the way for companies to purchase this ad inventory. In-car rideshare advertising companies serve ad impressions to a group of consumers that is typically younger and maintains a higher disposable income. [4] Rideshare advertising companies such as Halo and Firefly have also found success focusing on exterior advertisements, drumming up support from investors and touting increased earnings for drivers. [5] [6] Most rideshare advertising companies use geotargeting to display relevant ads to the riders in the cars. [7]

Reception

Some rideshare companies, such as Uber, initially disapproved of rideshare advertising of companies, claiming that it did not add to the value of passenger experience. [8] [9] More recently, however, Uber has partnered with rideshare advertising brand, Cargo, a company that provides both free samples and items for purchase to rideshare drivers, who then distribute these products to their passengers. [10] This partnership signals a shift towards the growing advertising industry, which comes in the wake of growing discontentment from drivers whose rising complaints of lower wages and job security reached a fever pitch as Uber and Lyft announced and completed their respective IPOs. [11] Drivers have expressed support for the opportunity to earn additional income from a variety of sources, with some drivers even going so far as to manipulate surge pricing. [12] [13]

See also

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References

  1. ↑ Johnson, Lauren (April 14, 2015). "This Startup Plans to Sell Advertising in Uber and Lyft Cars". Adweek.com. Retrieved July 16, 2015.
  2. 1 2 3 Caompbell, Harry (31 March 2015). "Video Ads Are Coming To The Back Of Your Uber". Forbes. Retrieved 16 July 2015.
  3. ↑ "A startup is putting ads inside Ubers and Lyfts - Digiday". digiday.com. April 2019. Retrieved 2019-06-05.
  4. ↑ Inc, Gallup (25 July 2018). "Snapshot: Who Uses Ride-Sharing Services in the U.S.?". Gallup.com. Retrieved 2019-06-05.
  5. ↑ "These 2 Advertising Startups Offer Uber Drivers Yet More Side Hustle". 2018-04-13.
  6. ↑ "Firefly raises $21.5 million for digital ad displays on rideshare drivers' cars". VentureBeat. 2018-12-06. Retrieved 2019-06-05.
  7. ↑ "VUGO - Rideshare Advertising & Marketing". VUGO - Rideshare Advertising & Marketing. Retrieved 2020-07-16.
  8. ↑ Woodward, Curt (June 1, 2015). "Startups aim to put video ads in ride-sharing cars". Boston Globe. Retrieved July 16, 2015.
  9. ↑ O'Reilly, Lara (May 11, 2015). "Uber says it will 'discourage' its drivers from earning extra cash by placing ads in their cars". Business Insider. Retrieved July 16, 2015.
  10. ↑ "Uber partners with Cargo to help drivers make money by selling stuff to riders". TechCrunch. Retrieved 2019-06-05.
  11. ↑ Wamsley, Laurel (8 May 2019). "Uber And Lyft Drivers Are Striking — And Call On Passengers To Boycott". NPR.org. Retrieved 2019-06-05.
  12. ↑ "Uber Drivers – How To Sell Advertising Space Around Your Car". The Rideshare Guy Blog and Podcast. 2018-12-12. Retrieved 2019-06-05.
  13. ↑ WJLA, Sam Sweeney (2019-05-16). "Uber, Lyft drivers manipulate fares at Reagan National causing artificial price surges". WJLA. Retrieved 2019-06-05.
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