7 On-Demand Business Ideas for Startups to Invest In
The on-demand business ventures have made a revolution, the way most of the business serves its customers. On-demand apps are fulfilling customer’s demand right up from delivering things to their doorsteps and thereby creating a personalized experience to avail their desired services at their ease. On-Demand business solutions started with the Uber-like app and now has hitched almost every sector. All these on-demand services include freelance services, home services, transportation, food & grocery, health services, and other similar services. Some of the popular on-demand business ventures that have gained popularity & inspired many businesses to launch similar solutions include Airbnb, Uber, Netflix, Fiverr, Rinse, Priv, Medicast and many more.
Going by Harvard Business Reports, the on-demand economy attracts more than 22.4 million consumers annually with spending somewhere in the region of $57.6 billion. That’s a large group of consumers to connect with using on-demand applications and its allied services.
What are the factors that create a niche for the On-Demand app market?
On-Demand Apps offer their customers with the unique benefit of tracking the service in real-time to track status progress. The real-time tracking is also beneficial for on-demand delivery and marketplace services that can offer their customers with live shipment tracking. Real-time monitoring, therefore, arms all the stakeholders in a transaction with the tool to trace the real-time location of the on-demand service.
Ease of Doing Business
On-Demand Apps act as a bridge between the service providers and the consumers. By integrating the 2 significant stakeholders of the service exchange under a single digital platform, on-demand apps make delivery of services very convenient. The ease of service exchange facilitates higher demand from the consumer, increasing revenue, and work opportunities for the service provider.
Increase in Time Efficiency
By directly connecting the customers with the service providers, on-demand apps reduce the time of service exchange. As consumers get quicker access to the services, their level of satisfaction increases, generating higher loyalty towards the service provider. Additionally, the on-demand app used for service exchange gains the trust of both the stakeholders, leading to an exponential increase in app usage.
Digitization of all Interaction
On-demand apps have considerable scope for cloud storage. The cloud storage eliminates the need to preserve physical proof of interactions in the form of receipts and labels. Digital receipts reduce the use of paper and resources used; therefore, it is also an eco-friendly alternative.
A secure encryption system supports data storage in a cloud facility. Encrypted security of on-demand apps protects consumer privacy as well as shipment confidentiality of shipment/ service.
Low Initial Investment
On-Demand Apps have become a cost-effective business model to address several stakeholders. Operating costs are significantly lower than traditional business models. Additionally, there is no cost of maintaining assets and infrastructure. For instance, Airbnb is one of the most significant on-demand hospitality services, and it does not own a single hotel.
Ease of Scalability
Contrary to conventional business models, on-demand apps are easily scalable to suit new consumer demands better. On-Demand Apps can adapt themselves to the changing market conditions and the entry of new products and services, gaining a competitive edge.
On-demand, apps provide services in a short period and facilitate consumer satisfaction.
Owing to the above trends, and the advantages of on-demand services, venting out in the on-demand apps would be a successful business idea. Let’s have a glance at startup business ideas that help you gain success in the industry of on-demand apps.
1) On-Demand Dating Apps
For entrepreneurs who are looking to create a dating app, a market flooded with low-quality dating solutions represents an opportunity.
2) On-Demand App For Electrical Services
Often, finding an electrician is not easy. How about developing an app and finding an electrician nearby? So, here you have the next idea to start your business in the on-demand industry, an app that connects electrician with the service seekers.
3) On-Demand Health Experts App
The future of on-demand healthcare application lies in bringing back right old-fashioned doctor house calls. An app here would serve as a platform that helps users avail the services and advise of medical experts with ease and efficiency even at the remotest location or during the disaster.
4) On-Demand Logistic App
How about on-demand logistics service that helps businesses ship nearly any product as fast as possible. The service would operate through a mobile app and provides on-demand pickup. While there are numerous other services available, you can differ by providing an on-demand service that is easy to arrange and affordable. So, if you are planning to start an on-demand business, building an on-demand logistics app would serve your purpose.
5) On-Demand House Cleaning Services App
We all love to keep our house neat and tidy. However, due to our busy schedule, we often fail to keep up with time and cannot perform day to day tasks. House cleaning tops the list of such responsibility. In such a scenario, hiring a person via an app to get your house cleaned is the most convenient option. If you are looking for an on-demand business model, investing in on-demand cleaning apps and setting up commission would work wonders for you.
6) On-Demand Laundry Services App
The next on-demand business idea is your laundry services. There was a time when you have to visit a laundromat and seek services. However, now as technology has advanced to a considerable level, an entrepreneur can build an on-demand laundry service to get their clothes cleaned as per their convenience. All a user would do is register on the app and request for laundry service at the desired time and date.
7) On-Demand App For Plumbing Services
If you are looking for something that is both robust and efficient and at the same time, try on-demand plumbing services. A user is expected to register and opt for the services. Being unique and innovative in the on-demand industry would have higher chances to be successful.
On-demand business ventures have the potential to cater to the needs of all the sectors of the economy. Its benefits are unparalleled to any digital solutions offered so far. Digitally connecting seekers and providers, on-demand apps, are likely to see exponential growth in the coming years.
Now, it solely depends on you as to which sector you wish to invest in and kickstart yours, on-demand business model. Have an idea? Engage with our full-fledged on-demand app solution developers and get a power-packed mobile app for any on-demand industries you want to excel in.
How can Esferasoft help you?
If you are looking for one such on-demand mobile app development company, then here you are at the right desk. We, at Esferasoft, help startup enthusiasts deploy a revenue-generating app to etch success. A team of experienced developers, always on toes to serve their clients and deliver the optimal solutions. Let’s get connected for further assistance.