Coronavirus is impacting the world at an unprecedented rate and the bummer, the worst is yet to come. Here’s why companies need to indulge in on-demand business to bounce back successfully in a post-corona world.
Social distancing, Home-isolation, Pandemic, Flattening the curve, etc.
As we moved into the new decade three months back, the listed words continue to be heard, read and practised. Coronavirus-induced pandemic has changed the way we live, work, meet and greet.
Though we are still reeling from the hardships of the coronavirus crisis. It has become more significant than ever for the companies. These are here to develop a plan for what comes next and prepare their businesses for the post-corona world.
Now even if there is a lockdown or certain restrictions, the crisis is not affecting the businesses much. Thanks to the digital market expansion.
Since we have made peace with the fact that coronavirus is here to stay – Businesses are now shifting focus and finding ways to drive growth that, of course, involves 6 feet distance and contactless interaction.
Survival of the fittest has become the new normal and one thing that is keeping companies afloat is the On-Demand business model. The model is one to be the least affected by the virus. Let’s explore why implementing the on-demand business model, as a part of your new business strategy, can prepare you for a corona-free world. But first thing first!
What is the On-Demand Business Model?
“Uber is here.”
“Food is being prepared & will be delivered in 30 minutes.”
“Package will be picked up today.”
I am sure you must have across all such messages. These are the classic examples of the on-demand business development model.
The on-demand model primarily focuses on fulfilling the demand of the customers by delivering immediate products or services. The concept is best utilised by the biggies such as Zomato, Uber, Netflix, Urban company, etc.
As per the research by Harvard Business Review, ‘More than 22.4 Million users spend over $57.6 Billion on On-demand services.’
This concept of delivering goods or services has taken the business landscape by storm. Not only does it add convenience and customization into the process, but has also given way for higher user engagement and better revenue generation across an array of industries – Education, transportation, healthcare, food or eCommerce. Most of the on-demand platforms are offered through mobile apps that make solutions accessible to the users at the fingertips.
To cut things short, the on demand services industry or popularly known as on demand app development, has been making services accessible to the consumers on their doorsteps in real-time while following the social distancing norms.
Let us know how investing in an on-demand model can help your business get back on your feet in the post coronavirus world and unlock a new era of possibilities.
5 Prominent Reasons That Justify An On-Demand Business Model Can Prepare You For Post-Coronavirus World
Apart from being handy for consumers and productive for businesses, an on-demand business model offers a lot more to the companies. Listed below is why you should be considerate about investing in on-demand apps.
1. Tapping into Consumer Behavior
The key feature of the on-demand business model is that it gives you detailed insights into what your consumers need and how they operate in the modern world. Since every user wants the services to be as handy and convenient as possible, with the assistance of an on-demand business model, you can make your services accessible at just the tap of a button. This will offer them instant satisfaction and benefit you right away.
2. Better opportunities
The on-demand business model can help consumers place an order effectively and effortlessly and getting it at the comfort of their home in real-time. This is a plus point of this development model that has been earning huge recognition as it is inclining customers more towards the on-demand service providers.
Furthermore, this has resulted in providing an upgraded user experience for the customers and maximized ROI for the businesses.
3. Automating the business’ process
There is no doubt in the fact that on-demand applications have even automated the process that was, at a time, a distant dream for many companies. Almost every process has been automatized that has resulted in diminishing the mundane and time-consuming tasks.
4. Increased Scalability
On-demand business solutions are highly secure as well as scalable that have proven their capability to meet the diverse needs of any business from time to time.
All these reasons are enough to make the businessmen and marketers accept the superiority of the On-demand business model over other traditional approaches and switch to it soon.
5. Gain a competitive advantage
Every day you see the rise in a significant number of businesses that carries their certain set of goals and marketing strategy. Most of the businesses begin as startups and so, the on-demand business model can open the door for newer opportunities for them. With the help of on-demand apps, such businesses can gain a competitive edge over others and attract & win audiences readily.
You might be thinking about how to go enter the on-demand market? Find your niche, build an efficient app, simply & revolutionize the value chain and last but not least, attract users to build a network.
We, at Appventurez, are one of the leading mobile app development companies that can help you build a successful on-demand business model. Some of the popular verticals we can help you with are:
- Taxi Booking App On-demand
- Food Ordering App On-demand
- Job Portal App On-Demand
- Grocery Delivery App On-Demand
- Doctor App On-Demand
- Health and Fitnesses App On-Demand
Visit our site to know more!
Though coronavirus has confined people within their four walls, it hasn’t stopped them from getting their supplies. Thanks to the advancement in technology and the introduction of on-demand business models, businesses are still able to interact with their consumers virtually.
Start small, work hard, incorporate unique features and shine bright like a diamond.
For any digital assistance, get in touch with us.