On-demand businesses are becoming more and more familiar with the emergence of mobile apps & technology advancements. Some noticeable services that people mostly opt for are taxi booking, food delivery, grocery delivery, and other on-demand home services. The unquestionable fact is that Uber has revolutionized the on-demand industry with its unique business model, paving the way for many startups.
Now, let’s have a glance at what “Uber for X” is about, its business model, and how entrepreneurs will get benefits out of it. Read on! This blog will be insightful for the one who aspires to establish an on-demand business mimicking the Uber for X model.
What Is Uber for X and Its Business Model – Explained
The success of Uber redefined the traditional business, aiding its transformation. This is where the Uber for X app comes into play. This modern era is equipped with mobile apps for availing of any kind of services. So as the demand keeps increasing, entrepreneurs or business owners rely on the Uber for X business model to enhance their businesses in the thriving & ever-changing market.
What is Uber for X all about? Uber denotes on-demand, and X indicates the service you want to cater to your target audience. You can think about infusing any service you specialize in. This is because the field has become vast.
The Uber for X app majorly consists of three segments: Customer app, Service provider app, and Admin panel. It varies according to the service you intend to provide. For instance, Uber for food delivery service app comprises a customer app, restaurant app, delivery person app, and admin panel.
The general workflow of the Uber for X on-demand service is as follows.
- The end-users are the ones who should have their account by signing up with the app using their email addresses or phone numbers.
- They can look through services available in the app or search for professional service providers based on their requirements.
- Once they are done with choosing the services, the concerned service provider will render the service. Notably, the end-users have the option to schedule the service as they wish.
- At the end of the service, the users can put feedback for the service provider. Payment transactions can be made either through cash or digital.
In the case of a delivery-based service, the business will be the same. Here, the end-users will browse the store and choose the products they want to buy; it may be food or grocery. Then, the delivery person will deliver the ordered products to the customers’ hands-on time. Whatever it is, customers will benefit from the service staying indoors.
How Can You Generate Revenue From The Uber For X App?
It is up to your wish to consider infusing a single service or multi-services in your app. When you choose to infuse multiple services, it will pave the way for avenues of revenue. No worries, even if you are providing a single service. Some of the standard ways in which you can generate steady revenue are discussed below.
Commission-based revenue stream – It is the standard monetization strategy you could implement for your on-demand service business. You can charge a certain percentage from the service providers as a commission on every service they take via the app.
Advertising-based revenue stream – You can permit the advertisers or third parties to promote their brands/services/products relevant to your business on your platform. Thereby, you can charge them a fixed or variable advertising fee. Variably, the fees will be based on the clicks or impressions/views.
Uber For X Startups: Ideas You Could Consider To Implement
The increased usage of smartphones and being able to access stable internet accelerates the rise of demand for mobile apps. Some trending Uber for X startups you could consider are as follows. Apart from the following services, you can explore other on-demand services based on the audience you would like to target and resources availability.
- Road assistance
For instance, vehicle breakdown occurs in unfamiliar cities; it is difficult to find service providers. But with the roadside assistance app, it is easy for people to search for nearby well-skilled service providers and avail the services. It is estimated that this sector’s net value will be around $8.95 billion, with a growth rate of 4.34%[CAGI] from 2019 to 2024.
- Taxi booking service
We all know how flourishing the ride-hailing industry is. Be it a cab or bike, people prefer it for commuting from one place to another instead of choosing public transport. This is because people can reach out to the destination without any delay. However, the bike taxi business is expected to grow by 10% between 2020 and 2024.
- Beauty & wellness
The beauty and wellness business will never go out of style. So, the demand for beauty apps is surging to a great extent. The emergence of such apps eases the process of booking a beauty appointment. Hence, they do not have to wait in a spa or salon for a long time; instead, they can book now or schedule an appointment and avail of the service.
Roll Out The Uber for X App For Your Business To Thrive
It is fundamental to have a mobile app for your on-demand business, which will significantly build brand visibility. With uberization, it has revolutionized the on-demand industry paving the way for newbie entrepreneurs to dwell into this industry with an app. Considerably, they opt for the Uber for X model to establish an on-demand business all of a sudden.
Build your potential customer base – Through the Uber for X app, you can build direct & strong relationships with your customer base. Thereby, it is quite easy to fulfill their demands, needs, and expectations. The known fact is that the success of any business is measured by customer satisfaction. While drafting the business plan and developing the on-demand app, keep your customers’ preferences in mind. Contemplate providing space for loyalty programs to build loyal customers.
Opt for a Minimum Viable Product – Instead of deploying the fully finished product in the market, you can opt for a minimum viable product. This version of the product facilitates you to launch the on-demand service app crafted with basic features to offer seamless functionality. After deploying, you can think about including additional features based on the analysis of customers’ feedback. This will lead the final product to be a better version.
Provide referrals to reach broader audiences – Even single app sharing will pave the way to increase the user base. The referral system integrated with your app enables the existing customers to share the app on popular social networking platforms like Facebook, Instagram, etc. You can reward something exciting for the customers on every successful referral. This encourages them to send referral links and as a result, you can increase the user base.
Keep an eye on your app and update it – It is recommended to check the app’s performance regularly and update it for a smooth & seamless experience. Ensuring whether the app is free from bugs or not is important. Apart from this, gathering customer feedback is quite important to improvise the app. Meeting the customers’ demands and expectations is the key to business success.
In a nutshell, having an Uber for X is a marketing tool for your on-demand business to grow tremendously. As a result, you can reach a vast sea of customers, boost sales, and generate a steady flow of income.
Hopefully, you have acquired valuable insights from this blog. Contemplate launching an Uber for X app if you own a traditional on-demand business. It is necessary to have a mobile app for a business to thrive in the ever-changing market.