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    • Fee-based model

      • Turo generates revenue through a fee-based model, capitalizing on its role as an online marketplace. In the case of Turo, the platform serves as a connection between car owners (hosts) and individuals seeking to rent vehicles for a specific duration (customers or members).
      digitalenterprise.org/models/turo/

      Turo Business Model: A Deep Dive - Digital Enterprise

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  3. productmint.com › turo-business-model-how-doesThe Turo Business Model – How Does Turo Make Money?

    Dec 9, 2022 · Turo is a peer-to-peer car-sharing network that enables its users to borrow a vehicle from others or rent out their own. Turo makes money by charging various fees to both customers and hosts. The business model of Turo can be characterized as an online marketplace.

  4. thestrategystory.com › 2022/10/16 › how-does-turoHow does Turo work and make money: Business Model

    Oct 16, 2022 · Turo works on its proprietary algorithm called Turo Risk Score that collects data on trips, vehicles, and other activities of hosts and guests on the platform to dynamically adjust the Marketplace Fees that Turo charges guests to complete a booking. Why Turo, the 'Airbnb for Cars', Is Angering Rental Companies | WSJ. Watch on.

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  6. businessmodelanalyst.com › turo-business-modelTuro Business Model - How Turo Makes Money?

    Nov 7, 2022 · Turo is a peer-to-peer (P2P) car-sharing service based in San Francisco, California, which allows users to temporarily rent out their cars to other members for a rental fee. Let’s take a look at the Turo business model as well as how the company makes money.

  7. moneymodels.org › business-models › how-does-turoHow Does Turo Make Money? [Turo Business Model]

    How does Turo make money? Turo makes money by charging trip hosts a commission of around 25% on each rental transaction. Guests are also charged a trip fee between 2.5% to 100% of the trip price depending on the Turo Risk Score with a minimum of $15.

  8. www.forbes.com › sites › cfoTuro’s CFO Explains How They Grew Revenues 88% In 2 Years

    Mar 12, 2024 · Turo, which allows people to rent out personal vehicles, was able to fill the niche. From 2021 to 2023, Turo’s net revenues have grown nearly 88% to $879.6 million last year.

  9. revenueandprofit.net › turo-business-modelTuro Business Model: How Does It Make Money ... - Revenues ...

    Jun 1, 2022 · Turo generates income by charging both hosts and customers. Turo’s business model can be described as an online marketplace for vehicles. It connects car owners and people seeking to rent a vehicle for a limited period. Turo makes sure that it has sufficient car models available in every city that it operates.

  10. www.dittofi.com › learn › turo-business-modelTuro’s business model - How they make money (2024) - Dittofi

    Unlock the secrets behind Turo's business model and revenue streams in 2024. Delve into Turo's inception, operational framework, and key resources. Explore the commission model, marketing channels, and cost structure driving Turo's success. Discover valuable insights on how to replicate Turo's innovative business model in your own venture.

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