Are you looking to do more with your time? You aren’t alone. You may want to clean the rooms. Or, you might want to order food and save time going to the restaurant. Most professionals today yearn to get more time – and for all of them, an app works out just right. They can order what they need, at the click of a button, and know just what to expect. For instance, if you call in a plumber from an on-demand home service app, you would know when he would be coming over, what he would be charging as well as how much time he can take depending on your problem.
If you are a business, coming out with your own app might just be what you need! It’s an on-demand economy today, and your business app can help fulfill the different customer expectations easily.
You can design an app for anything, and it’s not just the cab, laundry or food services that we are looking at. Make customers get what they’re looking for in just a click. Here is how an app can help.
Expansion of the On-demand Economy
On-demand economy is revolutionizing how people are living and transacting in their day to day lives. The urban market has been so quick to adopt on-demand services, with millennials loving the accuracy, speed, quality and customer satisfaction.
If you are a business, coming out with your own app might just be what you need! It’s an on-demand economy today, and your business app can help fulfill the different customer expectations easily.
You can design an app for anything, and it’s not just the cab, laundry or food services that we are looking at. Make customers get what they’re looking for in just a click. Here is how an app can help.
Expansion of the On-demand Economy
On-demand economy is revolutionizing how people are living and transacting in their day to day lives. The urban market has been so quick to adopt on-demand services, with millennials loving the accuracy, speed, quality and customer satisfaction.
- Consumer behavior is changing with the current use of technology.
- Instant access to online platforms has made it a faster and more convenient way of accessing services.
- High-quality services help increase brand engagement. Keeping a higher customer retention rate isn’t as easy.
Why On-demand Business Can Be a Successful Model for Startups?
Irrespective of whichever business any entrepreneur would like to undertake there is always a mobile app to make it accessible. The increasing number of mobile apps is a result of the need for different services, whether it be in health care, food, transportation, consultancy, electronics, or even washing and laundry services.
If you are an entrepreneur seeking to grow your business, cashing in on the on-demand economy is something you won’t regret. This a trend that is here to stay. The business model for the on-demand market is changing consumer behavioral patterns. Eventually, startups can even offer essential services like water and gas delivery.
The best way for a business to be successful, after all, is to focus on four essential factors:- speed, accuracy, convenience, and quality. The on-demand app economy helps you do just that.
Different Kinds of On-demand Apps
On-demand service app is a mediator between consumers and business. On-demand, apps have revolutionized the way things are done.
In a survey done by the Harvard business school, 49% of millennials use mobile apps. People who are aged above the age of 55 years used them. This is a clear indication that these apps are solving most of our problems.
How Is the On-demand Industry Influencing the Entrepreneurs or Startups?
Entrepreneurs and business startups of this generation know that the key to success is through on-demand services. It does not matter what type of industry the business is in, one thing is that the popularity of on-demand services is being driven by mobile apps.
Companies such as Uber, Ola, and overlaps have raised billions of revenues. For instance, Uber has raised over $10.2 billion, Ola app has raised over $1.12 billion while UrbanClap has raised about $35 million.
On-demand services seem like they are here to stay. Consumers are already adapting to the new changes in how things are done. Startups need to understand that they need to get things done faster.
There are two questions which should drive startups:-
- Can we provide the fastest service?
- Are we the easiest mobile app for consumers to use?
Before starting a business a startup should conduct the relevant research. This aids in getting to know the market and identify viable opportunities.
In the US, as many as 70% of adults own smartphones; the market for on-demand services will only keep growing.
Read More About On-demand Economy.
