With the inception of Uber in 2009, the on-demand business model became a vogue for people all over the world and started being adopted by many service industries spread across the globe and courtesy the adoption has achieved the billion-dollar mark.
Let us have a look at some of the statistical figures to corroborate the statement.
Statistical Figure to Suggest the Popularity of On Demand Lifestyle
According to recent reports, it has been stated that the on-demand economy attracts around 22.4 million consumers approximately every year who spend on average approximately 57.6 billion dollars on the same.
Another report has stated that the on-demand service industry is gaining quick momentum and according to Crowd Companies, more than 280 companies offer on-demand delivery of goods and services.
All these figures are enough to project the overall promising and profitable future of the on-demand service industry.
So, the question that comes to the mind is why is the on demand lifestyle so popular after all?
But before we answer that, let us understand the meaning of the on-demand lifestyle.
Meaning of On Demand Lifestyle
By the on-demand lifestyle we mean the form of living where customers get quick delivery of their desired goods and services. These are mostly involved with food, grocery, beauty services, healthcare services, and so on and so forth.
Especially after Uber came into creation in the year 2009, the on-demand service industry gained even more popularity and almost every major service industry saw itself adopting the on-demand business model.
So, now that we know the meaning of the on-demand lifestyle let us understand the reasons for its popularity after all.
Reasons for Popularity of On Demand Lifestyle
- Great earning opportunity for the service provider by giving them an opportunity to get more jobs and deliver more services based on the past tasks done by them
- Immense scope to businesses to gain greater customer outreach by delivering a solution that can aid humans in living an easy as well as convenient life
- Quick delivery of goods and services without the need for the customer to step out of their houses at all
- Provides convenience to the customer to receive services comfortably at their own location without the need to step out at all
Thus, through all these factors, it but becomes clear that the on-demand lifestyle is in-demand and has led to its immense popularity among businesses, customers as well as the service providers at large.
So, now the next question that is worth asking is why is it essential for businesses to adopt the on-demand lifestyle and take advantage of the needs and demands of customers on a whole?
To answer this question, we have listed some of the reasons below that will help you understand this in a more concise manner
Reasons Why Businesses Should Take Advantage of the Needs of Customers and Deliver Quick Services
Irrespective of the services that your business provides, it is important that you keep identifying the needs of your customers as well as understand the problems they face on a daily basis so that you can deliver a solution that can help them efficiently meet those needs.
Since people all over the world have an altogether busy as well as hectic life today, it but becomes impossible for them to do even their most normal daily activities like grocery shopping, cooking, etc. on a daily basis or feel the urge to do it especially on a weekend.
This makes it important thus for the business to deliver as well as create and build solutions that can assist them in receiving these services in a fast as well as smooth and efficient manner.
This is where on-demand mobile app solutions step in so as to help the customer at large to get quick delivery of probably every other service that they can think of like food delivery, grocery delivery, beauty, skincare and massage service, ride-hailing and ride-sharing, to name a few.
All that they have to do is enter their application, choose the services that they desire, add their location and book the services by making the payment choosing from modes like cash, card or wallet and then communicate and know the whereabouts of the service provider until the arrival of the service provider and then receive the services.
On-Demand Business Model
Thus, through the easy operations of the solution on a whole, the on-demand lifestyle has become in-demand so as to say.
Containing some of the most unique attributes like real-time tracking, in-app chat, wallet, etc., to name a few, it has gone on to become a trend now in the business to adopt this on-demand form of business.
Along with helping the customer, these mobile apps have also helped the service provider and the business, in particular, to automate and streamline their daily organizational as well as operational activities and keep track of the earnings made by them directly through the app itself through unique attributes like manage appointments, statistics, etc., to name a few.
So, it thus goes without saying that the on-demand lifestyle is in demand and is a must-have business model especially in the day and age we are living in where we have an extremely busy as well as hectic lifestyle.
Thus, for the businesses, the service providers and the customers at large, with the adoption of the on demand business model, it will help all the three at large and bring immense profits to the business, provide immense job opportunities to the service provider and help the customer in receiving a quick as well as efficient delivery of their desired goods as well as services in the location where they are situated at just through the medium of a few taps on their desired devices which may be a smartphone or an iPhone device or even their laptops or PCs, so as to say.
So, make sure to adopt the on demand lifestyle for your business today and start making immense profits right from Day 1!