The delivery and the inventory management should be efficient so that you don’t fail to manage the demand and supply for the businesses. Here, we will take you through what happens when you start an on-demand, things you may need to think through and how best to differentiate yourself so that you can survive the tough competition in this segment. 

Why on-demand app startup idea is beneficial?

As we have already discussed, there is a huge demand for the on-demand business. there is an obvious reason for the same- convenience. Here, we will discuss all the top reasons why on-demand is becoming successful and a thriving business idea.

• The convenience that the on-demand segment offers is unmatched. You will not only be able to sit in one place and book the ride, but also make sure that the ride arrives at your place. This convenience has been extended to other industries as well including the groceries delivery services and others. 
• The service is available wherever you are. For instance, you are at your office, and want to call in for some lunch, you can do so with the on-demand food delivery services. They are not location specific but, you can call them at your location. this makes it easy to access and always available
• The on-demand model is not just cost efficient to the users, but also to the businesses who are a part of this service. The users can avail a cab service in less price than the regular public transport services. The model that make up the business are also cost effective as there is less management required
• The payment systems are quite a charm. The app needs to integrate all the payment facilities, and it will become easier for the users to complete the payment. This also is suitable for the business, as they will get more conversions as a result of the different payment models

How to Differentiate your on demand app Startup?

Most businesses are clones, which is also one of the major reasons why the on-demand startups fail. Even if you consider opening your business in the same segment and niche, it is important to create a differentiation for the business users, so that they would realize what they want.

The differentiation strategy begins with the thought- what my users want? You should also consider what you aim to achieve through the mobile app for successful app model.

Here are some points that would help you differentiate your on demand startup for the end users. 

#1 Create Value

A lot of on-demand startups offer the same structure and construct. So, why should they join your business, and why should you gain more conversions?

When you start out, you tend to offer discounts and packages that make the users want to try your products and services. However, once you have acquired the basic user base, you tend to move away from the freebies that you offer, and go back to normal packages.

The people who were part of the user base start moving towards another app that offers the same freebie. As a result, you are unable to retain the users, and create the minimum base for your app.

On the other hand, if you tend to create a valuable product or package for the users, they will come to you because of the product or package. In case of on-demand service, if the service providers are good or they offer more value to the users, then they will prefer coming to you again and again. 

Instead of differentiating the product or service, you can differentiate using the value you offer, which will enable better conversions. 

#2 Go Smart with your Solution

For on-demand, managing the inventory i.e. the resources handling the demand is important. You need to make sure that enough resources are available. However, for this purpose businesses need to be aware of the demand for the particular service or product. For instance, if there is a demand for cabs in a particular area during a particular season, then the business should be aware of this demand. Accordingly, they can manage the fleet and ensure there is enough supply. For this purpose, on-demand businesses can differentiate themselves by going slightly smart. Using Artificial Intelligence in their solutions can help them gain that edge. They can instantly predict the demand for the particular season using the past and present factors, and judge the demand. This will help them adjust their model accordingly and ensure seamless user experience.

#3 New Niche

The on-demand startups can identify a new niche where they can offer a solution to a problem or identify a gap in the existing niche and try and resolve the problem. Either ways, they will need to make sure they are offering a solution to the problem.

This will help them differentiate in the market. For instance, there is a problem in the market where people are still finding it difficult to book a doctor’s appointment and ensure there is not waiting line. They book the appointment and sit in the queue. Your app could probably ensure that the doctors take the appointments into note, are reminded, and offer time interval in a way that they can take the patients at their time. 

This is probably resolving a gap in the same niche but, a way to differentiate what you have to offer. There are similar problems in every niche. You could also explore the untapped niches in education, fashion and media industries, to name a few. The idea is to offer something new and novel to the users.

Once you have identified the point of difference, you will need to identify the business model for your on-demand startup. This will help you refine your offering accordingly.

Get free on demand app development estimate of business advice from our expert.

Summing Up

Starting an on-demand business depends on the idea and how good it is. You will need a technology partner who will tell you about its feasibility and also assure you a good solution.

Coruscate offers in-depth industry expertise and experience that helps resolve all your technology issues, and helps grant a capable and able solution. We enable businesses to convert their ideas into an able app using a thorough and defined process combined with agile methodology. 

If you have an on-demand relate query or an app idea, connect with our team or fill out the form stating the details. Our team will answer your queries or get in touch with you within 24 hours.

The post How new on-demand startups should begin differentiating themselves? appeared first on Coruscate Solutions.

From hailing an on-demand cab to work to calling on-demand food delivery for their lunch to getting groceries home from the hyperlocal apps, the modern consumer is dependent on on-demand industries. From the small services that they need to get done back home to ensuring they are party ready, everything is on-demand. 

The on-demand economy is not just growing but, growing exponentially. It has transformed industries majorly, and you will see a drastic improvement in the way these industries have redefined themselves and improved their potential.

According to the latest PwC report, the market for On-demand mobile apps and websites will reach a significant value of $335Billion by the year 2025

You will see that 23 out of the 310 startups that have joined the Unicorn club, after joining the $1Bn evaluation, belong to the on-demand segment.

On an average the on-demand user will spend close to $57.6Bn to gain access to convenience. 

What started with hailing cab services, has moved onto other industries. The pace at which on-demand is being adopted is rapid and evolving.

The convenience of services combined with convenience of the services being offered, on-demand is definitely enhancing user experience.

There are certain industries where on-demand is yet to venture, and here is a list of ideas and industries that you can explore for your next startup. 

5 Industries You Can Plan to Launch your On-demand Startup in 2020

#1 The Fashion Industry

We are yet to find or explore an idea in the on-demand fashion industry. This is still unexplored or minimally explored by the people.

How on-demand fashion can become the next big thing?

There are times when people want to hire party wear or some clothes for one day. There are people who can offer these clothes for rent. When you allow the owners and the renters to meet using the on-demand app, and allow them to select the date and time for pickup and drop, then it becomes convenient to hire fashion wear. This could be true for all kinds of gear as well as fashion wear.

There are a few companies that produce fashionwear on-demand. As soon as people ask for a particular garment, and place the order for a specific number of pieces, the garment industry will begin manufacturing the piece and produce just the amount. This is possible for certain specific fashionwear, and you will be able to offer the convenience of customized fashion wear along with same day delivery.

#2 Mental Health

This is still in the nascent stage but, mental health is something that requires as much help as possible. A lot of people face panic and anxiety attacks all of a sudden, and they may not be able to take the desired help in real-time.

On-demand in mental health can change this aspect. With the on-demand solutions, the patients can connect with the doctor in real-time. they can seek advise, get access to personalized counselling and even receive help as needed.

The on-demand solution will enable the patients to discreetly connect with the doctor, and ensure that their problems are resolved. The patients not only get the convenience of connecting with the doctor in real-time, but also is assured of the secrecy that is important to them.

#3 Homework and Assignment

The education industry, specifically the homework and assignment industry, can enhance the experience and offer same day delivery through on-demand app solutions. 

With on-demand solutions for this industry, you can get the students to connect with subject experts to help them with assignments, solve their queries as well as complete their assignments according to the specific time.

The students can schedule the time and date for the homework, and the available expert will take it up from there. This will not only ensure quicker completion of deadlines, but also improve the student’s experience.

#4 Gas Stations

We don’t have too many on-demand gas stations available. There are only a countable number of apps that offer this solution. you can even implement AI based on-demand solution, which will help the company know when the fuel is going to be in demand. In fact, the user will also know when they are running out of fuel, when should they get the fuel filled and other aspects related to gas filling. 

In some cases, you can get the car to be picked up and dropped at your office or home with the fuel, and you wont need to go to the fuel station anymore.

This kind of convenience is necessary, and it is important for you to step up your on-demand game by venturing into this segment.

#5 Courier Services

We have been talking about logistics and improving the way the distribution and supply of the orders happen. However, there is one aspect of logistics that has not received proper coverage and that is the courier services.

You don’t have the convenience of courier services picking up the package from your home as yet, which is why it is still an untapped segment for on-demand. The user should be able to schedule the pickup of the courier along with a complete mention of the details of the package.

On-demand segment will thrive with the entry of this industry.

Apart from these five major industries, you can also offer an on-demand realtor solution, wherein the realtors will meet with the potential buyers or people who are planning on renting a home. This will enable quicker solutions and immediate decision making possibilities. 

There are some possibilities in the beauty and salon industry as well, because there are plenty of opportunities available in this industry that have not been considered.

Summing Up

We believe these five industries will be successful with the entry of an on-demand solution. you should ideally validate your idea before you begin the journey towards developing an app. We have envisioned the potential of these industries, and can partner with you to define a solid and full-proof development strategy to enhance business experience.

If you are looking for a well-defined, validated and seamless on-demand app solution, connect with us.

The post 5 Industries You Can Plan to Launch your On-demand Startup in 2020 appeared first on Coruscate Solutions.

The unicorn term is associated with Silicon Valley – home to the globe’s largest billion-dollar startups. But the true hub, if we check the numbers, is Asia. Global interest rates that are sinking near ancient lows, shifting demographic trends and evolving technologies have all added to the extensive fundraising development across China and Southeast Asia over the last few years.

Following powerful yields in a low interest-bearing setting has become a pattern for investors. This has boosted the region’s startup scene to raise its contour and attractiveness. However, the gap between high-flying tech estimates and conventional evaluation methods remains to increase, highlighting a transformation from considering a theoretical study to diverse metrics like user growth and community value.

But even with the widespread application of these metrics they frequently fail to provide a satisfactory image of a company’s fundamental value. Instead of highlighting financials, businesses promote their “disruptive” character in presentations packed with buzzwords meant to impress but not inform.

The investors are threatened that the unicorns proceed to bleed cash to obtain new users while hoping to draw other investors for additional financing. Asia is the hottest destination for startup capital. This energy is affirmed due to an expanding middle-class demographic beyond Southeast Asia and China. Despite everything, during the first half of 2019, the companies raised approximately US$6 billion.

But there are concerns that the capital is concentrated in a few great companies like Gojek. And if you are not ready with the right technology, you can never survive the throat-cutting competition in the industry.

Develop Alternative app of Gojek, How to Make an e scooter App Like Gojek, Gojek alternative app features to consider

Why should you build a Gojek clone app?

The on-demand economy is increasing by the minute as the crowds around the world are getting habitual to the services of the on-demand market. The savings are sweeping in from all sides and it includes the ability to change the conventional economy. Now a new technology or app has appeared named GoJek, Uber’s rival introduced in Indonesia and it has succeeded to achieve this feat in a short period.

Statistics of the On-Demand Market

The latest statistics depict that the on-demand economy is growing at a fast pace and it is predicted to hit a $335 Billion mark by the end of 2025. Approximately 37% of the total US population adopt on-demand services regularly. The most used on-demand services being the helper.

GoJek app

GoJek offers 50+ in-app services under 3 subcategories. From transport to babysitting and from food delivery to P2P payments, the app has it all. 

The customers and partners can register or hire/ deliver for the needed on-demand services. GoJek app is praised to be a super app of on-demand services. As the customers obtain the demanded services, the payment is deducted from the card or paid via cash.

How does Gojek complete millions of orders in a day?

To make it possible for the Gojek app to complete millions of orders in a day, machine learning plays a very crucial role.  It allows the Gojek app to complete the orders for more than 20 different products and services. The platform has generated machine learning-based technology to ensure a balance among the number of drivers and the huge surge in demand in an area. 

They have applied the same system for the GoFood menu label management process. It enables the customers to immediately find the food of their choice. This is because GoFood automatically presents personalized lists according to the inclinations and favorites of each customer.  The system is advantageous for GoFood merchants as they can produce more targeted advertisements and increases their turnover by 3.5 times.

Gojek has committed to supporting the startup industry in Indonesia and Asia, the company has parted its experience and expertise in machine learning with the five startups picked to participate in the program called Gojek Xcelerate Accelerator Powered by Digitaraya – Machine Learning Batch.

GoPay

GoPay is the digital payment platform from Gojek which is becoming more and more popular among the audiences. According to a recent update, Boku has partnered with GoPay to extend mobile payment services in Indonesia. The partnership depicts the growing popularity of e-wallets as the primary payment mechanism for multiple purposes like transportation, recurring entertainment subscriptions, and in-app and in-game micro-purchases.

Indonesia’s e-wallet market is estimated to be the fastest-growing fintech segment in with predicted growth from USD 1.5 billion in 2018 to USD 25 billion in 2023.

How to build a Gojek clone app?

The success of the Gojek app is visible in every arena of on-demand services. Several entrepreneurs are looking to create a niche in the on-demand market and can choose Coruscate as their technology partner.

With our white-label solution, you can customize the app according to your own specifications, requirements, and purpose.

Here are the basic features of a GoJek Clone app that we offer:

• User Interface
• User Accounts
• Booking Preferences
• Multiple payment systems
• Availability options
• Rewards and Incentives

Summing up:

We provide an end-to-end development approach and we can get you the best Gojek clone app at a cheap price. We also offer white label solutions for FinTech app development, Food delivery apps and even mobile payment solutions.  

Note: We do not make clones of any exact application, clone means to us is how better we can execute your app idea with existing app features and experience.

The post Unicorns Like Gojek Rising in the Hottest Destination for Startup Capital Asia With the Strategy Survival of the Fittest + How to Make an App Like Gojek + Create an App like Gojek + Apps Like Gojek + Develop Alternative of Gojek appeared first on Coruscate Solutions.