On-Demand Economy Archives - Blog - Vivim

On-Demand Economy

Describes the cost of design and development for on-demand app

How Much Does It Cost to Create An On-Demand Delivery App?

Life has nowadays become too fast-paced to the extent that many people are finding it hard making simple everyday decisions. Simple everyday tasks like shopping for groceries and cooking that used to be a joy to perform are now proving to be rather unattractive. People would rather have their shopping or a meal delivered at their doorstep as opposed to taking the time to engage in these activities.

Companies have taken advantage of this need to create on-demand delivery apps.

Medicine and Healthcare and Online Treatment mobile application

Trending Health Apps Stats and Facts

The medical industry is the most regulated in the USA. People and government have to be assured that the products they are using are safe for their health. It makes it extremely hard to innovate and launch a new product. One has to strive to comply with the stringent regulations before they can hope to have their product approved for use.

However, many developers are taking up the challenge and creating products that serve to integrate mobile use into the operations of the health industry.

Market expectations from on-demand

What to Expect from the On-Demand Economy in future?

The on-demand economy is far from reaching its maturity stage. There are still areas of growth that will definitely bring in lots of changes in the future. Here are the things to expect from on-demand in the future.

  1. Changing spending habits:
    1. The world’s spending habits have been greatly impacted and altered by the on-demand economy.
    2. No longer are consumers spending more on intermediaries. In fact, the on-demand economy is working in such a way that the middleman is eliminated and the supply chain made shorter and simpler.
How to succeed in on-demand economy

What It Takes to Succeed in the On-Demand Economy

It’s quite challenging to start a successful on-demand business from the ground up. Although numerous on-demand companies are coming up all over the place, it takes more than just plain luck to make it in this sector. Anyone wishing to venture into this market should remember an important truth: people are increasingly looking for convenience and speed when buying products and services. And they require the same of every company that offers such services.

To succeed in the on-demand economy setup,

on-demand economy bubble

Is the On-Demand economy a Bubble?

The overall tendency for anything that rises too fast is that it equally plummets as suddenly as it gained ground. But this won’t be the case with the On-Demand economy. Although a majority of businesses today are still operating on the traditional model that has been in operation since time immemorial, more and more owners are realizing that On-Demand and its advantages are here to stay. That’s why more and more industry leaders are embracing this model. Here are just a few of what these companies are doing to embrace the On-Demand Business concept.

How to get into the on-demand economy?

How to Get Into the On-Demand Economy

The on-demand market model works across every sector of the economy. You only have to remember its basic principle of operation. Adopting these principles will guarantee that you enjoy the benefits that come with the On-Demand economy. This is how to get into the on-demand territory.

  1. Identify your industry
    • The first stage in joining this economy is to identify your niche.
    • Niche can be done through conducting a market survey.
People discussing the business model as a service

On-Demand = Your Business and Brand as a Service

For everyone involved in a business activity, there’s a reward in terms of payment. Every player along the supply chain of a particular product or service gets a share of the proceeds from the sale, regardless of where they are in the chain. Understanding this concept is crucial to ensuring the growth of your business. Once you get a grasp this, you will be able to understand your business’ role in the supply chain and how you can leverage this to increase revenues.

On-Demand Economy explains its operations

How Does the On-Demand Economy Work? – Operations

In On-demand, automation is the keyword. A larger part of the logistical and administrative tasks in a business can be automated. This is where technology (in terms of web and mobile applications) comes in. Through the the app platform, the customers are connected to the service providers they need. The service providers are freelancers or contractors in most cases.

The chief concern for the On-Demand business should be to make their clients happy as well as expanding their market reach.

On-Demand Economy Concept - Turo Business Model

How Does the On-Demand Economy Work? – Business Model

In this model, access, not ownership, is a key. The goal is to provide access to services the customer needs without ownership of the services provided, but the ownership of platform. Consider for instance, that you need a car for a particular business job. There are two ways of going about it: buy it from a car dealer (taking into consideration the tedious processes involved – insurance, registration, taxation maintenance and parking), or you can rent one and only pay for the time you use it and insurance.

multiple people sitting within the table and discussing the on-demand economy

How Does the On-Demand Economy Work?

According to the Pew Internet Fact file on mobile ownership, 77% of Americans possess a smartphone and have the capability to connect to the internet. Various app markets make it possible to download applications from different publishers and allow consumers to access their services by a simple touch of the button. The On-Demand Economy uses this as its principal platform of operation.

The principal tool for on-demand business operations is the app. A company develops an application that is then distributed to potential users.