Ever wondered how Uber, DoorDash, Zomato, and various on demand business models worked out successfully, this is the right place to get a clue (seriously, more than that) about it.
Concept-making is one thing, writing on the paper in another, but forcing/implementing it for real is what makes it different – tangible. The on-demand business ideas provoked entrepreneurs to build solutions for the audience in the on-demand economy.
The on-demand business model encompasses the arrangement/fulfillment of consumer requests for goods & services immediately. For example, Uber EATS directly delivers your favorite dish from a restaurant of your preference.
The rent-than-own concept has worked successfully across the globe. Making it a multi-billion industry, the technology companies utilize excellent resources and infrastructure (without having to own them) using a digital platform. Discernibly, Uber EATS doesn’t own the restaurants, but partners with them for delivering food to the consumers. They project a ‘delivery business program’ for collecting orders & providing services by charging commissions from the consumer.
Deciphering the On-demand Business Model
Increase access – increase efficiency.
For instance, a person not using a car except for 50 minutes in a day for office travel has still got to pay the tax, registration fees, insurance fees, maintenance, and parking fees. When juxtaposed, the idea of renting a car at a proportional price (for the time used) is just fantastic!
A customer who cannot own a car at any time has easy access to rent a car. Configuring customer needs, the on-demand delivery business model thrives on app-based developments offering easy-to-use bookings, secured payment gateways, and additional services.
For a startup entrepreneur in this industry, the upfront costs stand relatively low because of no requirements in setting up the infrastructure, collecting resources, or pushing high-end investments. It’s simple – you can start a small on-demand business for a specific geographical location and test whether it works or not.
