Time is changing and life is becoming fast-paced and in order to match with this speed, one is being pampered with a variety of new things that make life easier. On-Demand Economy is one such example that has taken the world to the storms and has thrown a strong challenge to all the traditional models of business with its improved advantages.
And, when this venture coupled with the applications meant for mobile, then it turned into one dangerous duo, from all the perspectives. On-Demand Economy was already enjoying a fair share of popularity and prominence and with the emergence of the apps, its features got all the more enhanced.
A peep into all these matters and points separately will help you to fathom the workings of this industry well. Perhaps, it will also help you to decide on whether you need to endorse it or not.
How On-Demand Economy addresses demands
As the name suggests, the service tries and brings to you all those that you demand without causing you slightest discomfort. The pioneering on-demand venture was the on-demand ride that Uber offered and from then onwards it grew onto become a very big brand and has been tackling all the transportation troubles.
Rather, it is the most prosperous sector that has been receiving huge funds to carry on its good work. But the idea did not stagnate there only. This ‘on demand' motto found its takers in all segments of work so much so that most of the traditional business suffered a loss, both in its popularity and in revenue.
You will come across on-demand service in healthcare, business consultancy, food, transportation, grocery, booking tickets, home services, and many other works. This, the on-demand revolution was a welcome change since it paced up life by offering quality service by correctly judging the needs of the people.
However, its positive impacts were felt to the maximum of these five industries:
- Travel and transportation
As mentioned, Uber was the name that churned up the on-demand revolution and slowly it was joined by various others names like Airbnb, Ola (Indian Counterpart) and others to solidify this industry with its untiring and customer satisfying services.
- Healthcare
To this industry rather the people who are regular in this industry received on-demand services as a boon. Previously, the patients had to ask for an appointment and then for their turn to visit the doctor and this was a time-consuming process and a horrid experience for the one who is suffering.
So, the on-demand service in this particular sector has improved the conditions of the people in the best possible way. The doctors, medicines and all other healthcare related services are provided at once, on demand.
- ECommerce
This can be regarded as a resultant industry because of the on-demand services, so it is obvious that it will enjoy a great impact. Shopping never goes out of fashion and so the emergence of this industry is no less than a treasure hunt for enthusiastic people. This helps you to trade all sorts of things that you wish to purchase or sell and too without much hassle.
- Professional Services
On-demand made that come true which was once a dream i.e. to get all kinds of services in the most convenient way. Different kinds of professionals like electrician, mechanic, plumber, babysitter, house servant, carpenter etc. are ready to serve you on your demand and this economy only made this amazing transformation possible.
- Food
Food is life and the delivering of food on demand is the best thing that can happen to millions of people. This industry is reaping great rewards throughout the globe as most of the people are embracing this, helping the on-demand economy in this particular industry to surge up a lot.
So, these are some of the most prominent industries that are helping to improve the on-demand economy by satisfying people and their needs.
How did it take over?
If you are wondering that how and why was on demand economy able to take over the entire traditional business market and turn the tables according to its profits. Then, the most helpful factor in this incident was the smartphone. Indeed computers and laptops have been there in the market for a long time but this sudden inclination towards internet and technology was possible because of the advent of smartphones.
Websites for long have been serving as the mark and page of identification and recognition for all businesses but now, with mobile becoming the most preferred device of choice, a new idea was needed. Thus, to reach out to more people and in a more flexible way, mobile applications were designed that helped to uplift the entire idea and pushed it towards a bigger future.
Since technology and its uses are developing on a daily basis and most of the people now have access towards smartphone and the internet, so they are becoming more tech-savvy. People are wishing to explore the extent of the internet and so are more prone to experiment with all the factors that are coming up on its way.
It is a convenient process to search for various topics, points and utilize various kinds of services. Thus, to help people receive quick solutions in the quickest way possible, on Demand services doubled its forces with mobile apps and this actually benefited the people in multiple ways possible.
Now, even all the start-ups in the on-demand industry are beginning their journey with mobile apps, so as to guarantee their success.
How Impactful are the Apps:
The prime benefit of the mobile apps is that it let the people utilize the online services in an easy-breezy way. Mobiles are handy and life without them are unimaginable, so it stays with you always which means that your on-demand apps are there with you always to and you can avail those whenever you want and in whichever situation you are in.
Since today most of the on-demand service providers have their own apps, so you can easily find and hire that service through it while paying at once. Moreover, you also have an advantage of knowing the progress of the delivery or tracking an order and can connect with the concerned person very swiftly, if you face any adverse situations during or after the process.
- Promotes and Nurtures a Sustainable Model for Business- The chief idea behind any business is to generate products which people can utilize and the owners can earn profit from. On-demand means attending and serving the demands of your customers, so you must come up with ideas which actually add value to their living.
An app will support your idea and will provide you the platform to prove your provisions to the users so that they consume those. If your idea has the potential to impress people, then these apps will promote them and will garner you, numerous customers. - Increases Communications- Communication is the key to the success of any business and more so, if ‘on demand' service is your niche. You provide your service after listening to the demands of your customers. In that scenario, an app will help you to interact better with your customers.
It will be able to turn mere viewers into potential customers and will help you retain them with improved user-end engagement. - Impresses users- The prime point of attraction is that the apps are designed keeping in mind the preferences of the users and so, the more they find it convenient, the more time they will spend there and this will eventually increase your business and revenue.
Finding your target users is not only enough for you. You need to hook them to your services that can only be done if you are able to address and satiate their needs properly. So, create apps that reflect all your attractive features and impress people.
Conclusion:
Mobile Apps do have the power to change and enhance the on-demand economy with their omnipresent nature. It has brought about a change in the traditional industry, so much so, that people now prefer to stay inside the house and order all the stuff they need from the outside.
Apps like Uber, Ola, Foodpanda, Zomato, Healthtap, Serviz, Amazon etc. have become the lifeline of people. Such is the craze and prominence of these apps that the big brands of the industry are inclined to create and launch their own app, so as to fight their competitors and retain their customers.
This is not just a passing trend but a solid and successful venture. So, if you are willing to be a part of a startup of on-demand service, then to sweep the economy in your favor, you need to have an app. Hire a professional to create an app that reflects all the crucial points of your business and also helps to promote it.
Invest in a user-friendly app, so as to witness a thriving profit, because these applications have become the life-source of the on-demand economy and are propelling it towards the desired progress!