Tryke is a delivery and logistics company based in the Philippines that operates using a franchise model. Here's how the franchise method of Tryke works:

• Franchise agreement: To become a Tryke franchisee, an individual or organization must sign a franchise agreement with the company. This agreement outlines the terms and conditions of the franchise, including the franchise fee, royalties, and support services provided by Tryke.
• Investment and training: Once the franchise agreement is signed, the franchisee must make an investment in the business. Tryke provides training to franchisees on how to operate and manage the business effectively.
• Business operations: Franchisees are responsible for the day-to-day operations of their Tryke delivery business, including managing drivers and staff, coordinating trips, and handling customer inquiries.
• Support services: Tryke provides support services to its franchisees, including marketing and advertising support, operational assistance, and access to its technology platform for managing deliveries and tracking performance.
• Revenue sharing: Franchisees earn revenue through delivery fees charged to customers, with a portion of the revenue shared with Tryke in the form of commissions. Franchisees are incentivized to grow their business and increase revenue, as this will result in higher earnings for both the franchisee and Tryke.

Overall, the franchise method of Tryke allows individuals and organizations to start and operate a ride-hailing business under the Tryke brand, with the support and resources provided by the company. The model provides opportunities for entrepreneurs to start a business with an established brand and proven business model, while also benefiting from the support and expertise of the franchisor.