What are the different business models in On-Demand Business?

 We all know that On-Demand business verticals are experiencing rapid growth since COVID-19. According to Harvard Business Review, ondemand industry has registered more than 22.4 million new customers and the spending in this area has reached $57.6 billion.

 

This shows that the market of On-Demand economy is booming everywhere and spreading with high speed. Well this growth attracts several entrepreneurs to invest in on-demand sector and go for on-demand app development. If your are one among them, then this article will guide to kick start your business idea successfully.

Different Types of Business Models in On-Demand Industry

Customer to Customer (C2C)

In this method, customer will requests a service or a product from a person. This app will act as platform for the people to exchange their products and services easily. Here no business entity is listed and buyer or seller is an individual person. This method is preferred by many consumers as it highly benefits in reducing cost.

You can take carpool as best example. This carpooling acts as a connecting platform for the travelers who travels in same direction. In carpooling app like blablacar, users can get registered and find their co-travelers who are headed in the same direction and get joined with them.

Business to Customer (B2C)

Well the B2C ondemand apps are used to manage a smooth transaction between the service providers and customers to move goods or services. Using these apps, the consumers can easily place their orders in online with just few clicks and can receive product delivered at your doorstep.

You can take Dominos, Starbucks, Nike as example for this model

Business to Business (B2B)

Well this Business to business ondemand apps connects different business with each other. These apps will be used to carry out the services & products at the global level. Amazon, Flipkark suits as the best example for this B2B ondemand apps

What are some other On-demand Business Models?

Apart from these three major models, on-demand apps are highly used in the following sectors

l Food & Grocery Delivery

l Taxi Services

l Home Service providing

l Healthcare & Medicine Delivery



Some of the Must have features of On-Demand apps:

1. GPS Tracking

2. Push Notification

3. Wishlist

4. Activity List

5. Payment Options

6. Order Cancellation

7. Multiple Order Booking

8. Ratings & Reviews

9. Help & Support

Where can you Get Best On-Demand App Development Services?

In order to develop a high functioning on-demand apps with advanced features, it is best to go with a well experienced and reputed On-Demand app development company. Only an expertise who has in-depth knowledge in this sector will have the ability to build an ondemand app without any bug.

 

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