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Types Of Online Laundry Apps in 2025 and Their Business Model

Sushmeet — Tue, 12 Jul 2022 07:29:53 +0000

Online laundry apps and their services has become a popular thing due to the fast-forwarding development of the world. The service provides pick up, washing, drying, and delivery of clothes. An app to initiate and monitor all these activities is called an online laundry app. As per Globe News Wire, the online laundry app industry is set to reach the worth of $1,28,500 million by the end of 2026. Due to many reasons like Covid-19, busy city life, corporate life, and rich lifestyle the online laundry service industry has faced a mammoth growth. Covid-19 has caused fear among people, a fear of the deadly virus. Hence cleaning services have become a responsibility. A busy lifestyle is another reason people look for online laundry services. The cost-effectiveness of these service-providing apps is attracting people so they are using the apps and enjoying the service. The online laundry apps have a few different features of them. However, the significant difference is their business model. Online laundry apps can be divided into three categories based on their business models. Types Of Laundry Services Apps Based On Business Models 1. The On-Site Model The on-site model is the best choice for those who have a running laundry business. In this model, clothes are picked up from the doorstep for cleaning purposes and delivered to the doorstep as well. Key points Flexibility to the customer to schedule pick up and delivery Require staffing for delivery agents High chance to attract new customers Online payment is an available option Clothes are cleaned as per the instructions from the customers Example Of A Laundry App Following The On-Site Model WashClub is a great example of an online laundry service-providing app. It is a US-based app founded by Rick Rome in 2012. The online laundry service providing app is based on the on-site model. Key points of WashClub Eco-friendly process of dry cleaning Clothes can be cleaned and delivered within 24 hours Same-day service is available for clothes that are picked up for wash only There are no extra or hidden charges for pick up and delivery The app provides services only in New York User-friendly interface 2. The Aggregator Model This model can be utilized by any entrepreneur or startup without even owning a laundry business. Online laundry apps based on this model are basically a platform where different laundry business owners will be participating. Only the transaction will be handled by the marketplace. Key points Customers can pick laundries based on ratings Alongside rating a review system is available Cost-efficient against the on-site model Easy to operate Example Of An Aggregator Model Laundry App Mulberrys dry cleaning app is a nice example of an aggregator model based laundry app. It is also a US-based app founded by Daniel Miller in 2009. Key points Mulberry laundry app helps the customers detect nearby Mulberry cleaning service location The app offers its customers to schedule or even cancel the pickup Tracking of delivery is also available in the Mulberrys dry cleaning app The app provides costs beforehand by calculating the number of garments The Mulberrys dry cleaning app has a simple yet appealing app interface 3. The In-Site Model This is an innovative model in the online laundry app industry. It is not used by any app till now hence it can be really effective in attracting customers. An in-site model is where the pickup and delivery service at door step is not available. Instead, customers can fill out a form in the app regarding the number of clothes and type of clothes along with the service they want and then drop them at a nearby kiosk. After the clothes are picked up the customer can receive a push notification. Later a notification about the date and place to pick up the clothes must be provided as well. Key points There is no rival at the current moment using this business model Customers can drop the clothes anytime they want Cash on pickup or online payment can be provided The laundry app can minimize the time and cost as they will be collecting a huge number of clothes from different customers at a single stop. Related Read: Guide To Launch A Laundry Delivery App Trends In The On Demand Laundry App Industry Consumer behavior In the last decade, online services have received a huge push to the top. As per Statista, more than 2.14 billion people have used online services in 2021. It reflects how heavily dependable people are on online service-providing apps. The stat shows how people also prefer quick and effective service in just a few clicks. Covid-19 is also responsible for this behavior among customers. Therefore a laundry app is also effective in current times. Information collection In order to advance and achieve growth in any business information regarding customer experience, preferences, and ideas are important. In online laundry apps, it is no different. The app eliminates all the costs and saves time in organizing a survey and then having people answer the questions. The apps come with rating and review features and AI can detect each consumer’s preferences hence the information collection step becomes cost-efficient and non-time consuming. Deficiency of ownership model In an online laundry app business, the ownership model is not that important, and therefore the business can expand quickly. Having an online laundry service app can eliminate the costs of having another physical store, employees, and equipment. The app can bring other laundry businesses to its platform and start providing service in different locations. Mandatory Features A Laundry Delivery Service App Needs Search option: The search option in any online service-providing app is mandatory as it helps the customer manually search for any specific laundry service in any particular location. So a search option is essential in online laundry apps. Filter option: The filter option helps a customer in specifying his search criteria. Specifying search criteria helps the app to provide the most relevant options as well. It helps in identifying the best […]

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Top On-Demand Services Startups in 2025

Anurag Jain — Tue, 01 Mar 2022 14:01:48 +0000

Introduction Innovation is everything. With the growing need for on-demand home services, the home services market segment is coming up with innovative ways to keep up with the ongoing market trends. Investors have started investing in on-demand companies and this is what is boosting the growth of the online on-demand home services sector. The improvements in the technological sector and advancements in networking have given rise to consumer services such as home education, packaging, relocation, and spa and beauty services to draw new consumers and expand the market room. The biggest explanation for the popularity of the on-demand services startups is its intrinsic capacity to make everybody happy. This brings financial flexibility that can be accomplished by serving as on-demand staff during the days off. On-demand home services cater to those who are busy during the workweek and have no time for themselves. This demand-based economy has filled a gap that previously required a large paycheck to bridge. On-demand home services, with their speed and ease, are undoubtedly driving commercial opportunities and rising market competitiveness. This has thoroughly overhauled conventional company approaches and tactics, and the instant solution to any challenge that you may have to face. The US online on-demand home services market sector is about a $600 billion industry. According to a report by the New York Times, it is advancing firmly during the forecast period and posting a CAGR of almost 53% by 2024. Home services span a broad variety of industrial markets, such as restoration and servicing, upgrades, home renovation, and others. If the number of facilities offered by the home services sector grows, the scope also thus grows. Home services encompass various intangible assets that are provided by businesses for homes. With the increase in technological growth, both online and mobile booking platforms are growing. Home services are basically a more convenient and streamlined way of purchasing and arranging skilled services. Today’s generation is the largest consumer of internet services and this has widened the scope of the home services business. The busy lifestyle of customers is causing them to choose providers right on-demand and this has broadened the bandwidth in the growth of the industry for the upcoming years. While rapid growth will provide market players with enormous growth opportunities, the efficiency of vendors will threaten the growth of market participants. In order to optimize opportunities, market vendors will concentrate more on growth potential in fast-growing segments, while retaining their place in the slow-growing segments. The growth of this industry is also caused by the rise and usability of the mobile sector, which allows consumers to procure information and book services with just a tap. On-demand home services cross the divide between real-world infrastructure and immediate internet platforms to provide production services. Top 10 On-Demand Services Startups in 2024 UrbanCompany Previously known as UrbanClap, UrbanCompany has brought together multiple services on one platform. From home cleaning to beauty services, from restoration to movers and packers services, UrbanCompany has hooked everything one click away. The platform guarantees more than 10,000 registered professionals that are verified by the company itself. The company crossed the value of $10 million in revenue as it gained popularity amongst the busy working lifestyle of the urban population. The app was launched in 2017 and instantly became a hit in a matter of six months. The company became one of the fastest-growing home services companies and has raised 63 Crore INR funds from Accel India and SAW Partners. UrbanClap is reported to offer huge discounts of 1,32 Crore to lure buyers. Even with these promotions, the company received revenue of Rs 45 Crore in the 2017 – 2018 financial year. UrbanClap has since then been able to reduce prices, thanks to the increasing number of users on the platform. UrbanClap is expected to generate a revolution in the on-demand home services product growth market. Looking to enter Home services market? Create app like Urbanclap. AtoZ Service – Trusted Home Services App AtoZ Service is magic. The user interface of the program is straightforward and easy to use. Everyone can book their services without any problem. The programs provided by AtoZ include health, home requirements, packers and movers, grooming programs and many more. AtoZ services believe in offering quality services that should be delivered to all. Get yourself a similar app like Atoz Service by contacting OyeLabs’ on-demand home services app development team. Zimmber Zimmber raised $400,000 investment from Mobi’s co-founders and received $2 million in pre-series financing from major Venture firms such as Omidyar Networks and IDG Ventures. The organization checks the compliance of all licensed service providers so that you can put an end to your complaints. They also have extra guidance and advice systems to close any gap that remains in the existing service. It has a number of top-notch investors under its wings like the Aarin Capital and various angel investors. If you need any assistance to run errands, you can always rely on Zimmber. It offers several services through its app and website. Hire professionals for pest control, carpentry, plumbing, cleaning and sofa cleaning, electrical repairs, laundry, home spa, and more, with just a click. Helpr Helper is a one-stop service for both your home care and maintenance needs. The platform offers washing and laundry services, maintenance services, etc. It also provides technical services such as pest control, electrical repair, heating, cleaning and restoration of vehicles, home painting, and computer servicing, etc. You can sign up for routine or annual maintenance plans for home and equipment replacements. The business was awarded the Best Start-up of the Year award in 2015 by the Coimbatore Management Association (CMA) and has more than 23,000 registered employees. Each staff member is tested, assessed, and verified after a background check is conducted, including security police reports. HouseJoy HouseJoy is one of the fastest-growing home services ventures. The company raised $4 million in the initial round of funding from Matrix Partners. It received immense support from the Indian population who made around […]

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How to Build An App Like Handy (A Step By Step Guide)

Anurag Jain — Wed, 26 Jan 2022 08:47:55 +0000

Whether it is about removing some waste or calling your electrician, fixing the faucet, or making more minor repairs at home? Some people want to do these things by themselves, but others need to invite professionals. The online home services market is booming and is forecasted to grow by USD 4.75 Billion from 2021 to 2026, according to reports. But where will they be found? Well, the answer is simple – on platforms like Handy & Taskrabbit. Two-sided marketplaces such as TaskRabbit and Build An App Like Handy have overwhelmed the on-demand services market segment. Apps like these function as links between those who need immediate assistance those who give their services with home-based tasks and those on their toes. See also How To Build An App Like TaskRabbit Guide to Building An App Like Thumbtack Numerous opportunities have been generated by the home service economy sector that favors both service providers and those in need. Even more entrepreneurs, developers of mobile applications, etc., are looking to benefit from the ballooning segment of on-demand home services. What Are On-Demand App Solutions? The on-demand application solution principle is very straightforward. In this definition, the product or service should be delivered when you need it and at your fingertips. The on-demand app integrates the demand for the product or service electronically. This serves as a forum to reach the provider when the consumer needs to provide the service. This on-demand technology will reduce both the parties’ time and energy during the meet-up. Under the on-demand solutions comes the category of on-demand home service apps. And one of the most popular home-service apps is Handy. Handy is the pioneering platform for linking household service seekers to quality, autonomous service professional pre-screening services. From housekeeping to washing, Handy matches up with top experts in cities around the world each week to thousands of customers. Handy is the fastest and most efficient way to book home services thanks to the smooth 60-second booking, safe payment, and a handy satisfaction guarantee. How Handy Started Handy was created in 2012 as a practical solution to an age-old problem: seeking high-ranking, efficient professionals for popular household services. In 2012, it was named Handybook. When Oisin Hanrahan wanted to become a real estate developer in Eastern Europe, he was a 19-year-old university student in Ireland. Hanrahan began buying and refurbishing Budapest apartments after spending several hours on weekends at Trinity College in Dublin. Oisin found it challenging to find handymen of quality when he restored various flats across the area. It hadn’t been fast. A few years later, when Oisin and Umang Dua attended Harvard Business School, the same thing was happening in the USA. They decided to create a mobile app to fill this gap and to make the simplest and most convenient way to find household services for busy people in every area. Today, Handy runs in 28 U.S. cities and many Canadian cities, and the UK as well. Since July 2015, it has hired 160 employees full-time and has hired nearly 10,000 cleaners. Around 80 percent of its bookings come from repeated customers, according to Handy. Amazon Alexa provides users access to services via mobile telephone by using the Amazon Echo’s voice-activated functionality as of November 2016. As part of the purchase of furniture through Wayfair, the Company collaborated in May 2017 with Wayfair, an online dealer, to provide installation and assembling. And the company has started to sell Walmart retail customers additional home construction services in 2018. Some facts about Handy Founded: 2012 Founders: Oisin Hanrahan, Umang Dua, Ignacio Leonhardt, Weina Scott Headquarters: New York City, United States. App Installs: 500,000+ Revenue: $359 million Related Resource: How Does Handyman Marketplace Work? Steps To Build An App Like Handy? Step 1: Project Planning This is the first stage of developing your mobile app, which describes the concept and the business model you choose for your home services app to turn it into a profitable product. You begin your research at this point. You’re here to Identify your destination users. Study the competition Define the aims and priorities of your app Do the review of technological viability. When you begin to form your concept, the review and the planning process begin, where you start with the description of your use and the identification of functional needs. Step 2: Designing The next move is to wireframe and design the app to understand potential functionality. Although time isn’t there, drawing thorough drawings of the envisaged product will potentially help you spot problems with usability. Sketching does far more than just chart your moves. It can be a useful tool for collaboration and cooperation. Wireframing helps to refine ideas and organize all design elements in the correct way when you are finished. During this initial step, you can solve any technological constraint in the backend creation process. Now strive to understand clearly how the features and ideas fusion into a working program. You can also create a map or a storyboard to illustrate how each screen works and how users access the app. Find ways to integrate the brand, concentrate on our user interface and consider different ways of using a mobile app against a mobile website. Step 3: Development In general, the production process begins very early after the idea creates a working prototype in the conceptual stage that validates the functionality and assumptions and lets it understand its nature. The app goes through a variety of phases as the production progresses. The core feature is not evaluated in the initial stage but is present. See that the software is volatile, and at this stage, there are no non-core features. The second stage integrates a great deal of the features suggested for your home services app development. Hopefully, the app has been checked and resolved by a light bug, although some bugs still could occur. In this step, the app will be available for further testing by a particular group of external users. After bugs have been addressed in […]

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Top 3 Handyman Services Business Models for Your App

Anurag Jain — Tue, 31 Aug 2021 17:57:04 +0000

Your home services business can go online with the help of a home services on-demand application/website if you already have one. People today expect to be able to hire a skilled handyman within a few hours in order to make their lives simpler. Say, for example, that you’ve just moved into a new house and want to make a few changes to the kitchen. There are very few local contractors that you know, and you can’t ask your neighbors for recommendations because you don’t know them. An app that helps you find the best professionals for the job appears to be a godsend. When you use an on-demand app to schedule an appointment, a professional comes to your home and fixes the issue for you. Amazing! Isn’t that great? You can book a handyman at a specific time and price with an app. Since there is a huge demand for such apps in society, many businesses are exploring and capitalizing on this field. Incorporating useful features into a robust and powerful on-demand handyman mobile app increases your online business’s revenue. Your handyman mobile application can be built by us for you to diversify your business online. Contact us for more information. However, in this blog, we’ll be discussing everything about Handyman Services Applications. What Are Handyman Business Apps People who are looking for a handyman to work on their homes can connect with businesses or professionals who are seeking to provide those services through handyman apps. As a second benefit, it facilitates the end-to-end process of handyman services. As a result, this software is not limited to business professionals. There are many industries that can benefit from the handyman apps, including plumbing, painting, tiling, cleaning, controlling, electricians, carpentry, painters, laundry, fitness, dog walker, furniture assembly, pest control, shopping, gutter cleaning, gas stations, delivery, a mechanic on-demand, beauty on demand, and car care. The global handyman or home services market size is forecasted to grow at a CAGR of 29.90% per year from 2021 to 2028, according to market research. The handyman apps are not limited to just one or two industries. How? Let’s take a look at how handymen can help you grow your business. The Role Of Apps In Handyman Businesses From a kitchen renovation to fixing a leaky faucet in the bathroom, you can hire the best professional experts from on-demand applications and get the job done without a hitch. Handyman applications that are available on-demand are becoming increasingly popular. They benefit users in many ways, including saving time, effort, and money. Even after the Covid 19 crisis, on-demand app developers are still in high demand. Use an on-demand handyman app like Uber if you don’t know who to call for cleaning or repairs. To find a professional, one no longer has to rely on the traditional methods of browsing the internet, speaking to a few locals, and checking licenses. As technology advances, things are becoming easier and more accessible thanks to on-demand mobile apps. Workflow apps such as TaskRabbit or QuickBooks or Swiggy have revolutionized the user experience as a whole. Using a smartphone, you can now order food from your favorite restaurant and book a cab from the comfort of your own home. By using on-demand mobile applications, you can hire a professional in under an hour and have them complete your project within an hour of hiring them, as well. Lack of time, supply-demand imbalance, and delivery delays are some of the reasons why people prefer these apps. For these reasons, an ecosystem was needed. To bridge the gap between users and service providers, both established companies and startups are coming up with ideas for on-demand apps. So What Are The Business Model Options Available To You? Well, speaking broadly, there are 3 major business models in practice nowadays in the market. They are: 1. The Individual Business Model Handyman services can be digitized and turned into a revenue-generating business. Let’s look at an example to better understand this. Using an on-demand handyman services app, for example, a handyman who does odd jobs from time to time as a freelancer can make sure that their service becomes a brand. They can be hired directly from the app, rather than contacting them through various channels and spreading the word that might or might not reach them. In addition to their pricing, star ratings, and expertise, the app will provide users with a convenient way to see who they are hiring, when the handyman is available, and so forth. 2. The Business Owner Model For a company that hires handymen to digitize their services and make them available to everyone, this business model makes sense. This will allow your users to hire your services whenever they want, even if you have a company with ten handymen who offer odd job services to people. All of your handymen can be compared to each other, as well as the prices you charge per service. This will also allow you to track the digital growth of your business. When you use the app, you’ll be able to see where your customers are coming from, which handymen are doing well, and which ones aren’t. As a way to grow your business, you can also use a reward-and-incentive system. 3. The Aggregator Business Model For on-demand handyman services, this is a very popular and convenient business model to have in place. This method allows independent, freelance handymen to sign up for your app and begin providing services to your customers. This is used by many famous apps like TaskRabbit and handy. Every time your app is used, no matter if you offer handyman services yourself or not, you will continue to make money. Since your handymen can cover a much larger geographical area than you can on an individual or company level, the number of orders will be very high if you use this model. You can track, monitor, and manage your business’s growth with the app. For example, you can […]

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How To Build Laundry App Like Cleanly – On-Demand Lawncare Business

Anurag Jain — Mon, 26 Jul 2021 14:10:25 +0000

Know why people use an on-demand application? On-demand online laundry applications, such as Cleanly or Rinse? With the increasing availability and a busy lifestyle, people prefer to do things via an app. We have found a report by Grand View Research, a company with accurate analysis and market information. It states that in 2019 the market size of the global dry cleaning and washing services was estimated at USD 60.88 billion, and the annual growth is expected to be 3.4 percent between 2020 and 2027. One of our Saudi Arabia customers came up with an idea, after realizing the potential of on-demand laundry services in his country and town. The idea of developing on-demand washing apps. The idea was to develop a washing application called Cleanly which brings washing and dry cleaning to the door. After the project has been successfully finished, we have realized our development expertise and developed Android and iOS based mobile applications to support laundry service providers that plan to connect to their businesses. So, What Is Cleanly? On average, one person spends about 10 hours washing his clothes every month. Individuals can use the app, such as Cleanly, to save time and solve these problems with just a few taps. In a matter of 24 hours, the users can schedule a time and the laundry service providers can pick up, wash, fold and return the items. This even makes it easy for users to automate the chain according to the logistics while they remain in the competition. Many types of home services apps are becoming popular recently, such as on-demand laundry, dog-walking, volunteer commitments, and more. The main aim is to offer time-saving and hassle-free delivery features. It’s extremely easy to work around, the best thing about being Cleanly. Benefits Of An App Like Cleanly? Benefits For The Consumers By tapping several buttons on a smartphone, you’ll make a nice night with your favorite movie and not your favorite pants and an unpleasant task. The full cycle approach of laundry companies on request allows customers to book and pay for cleaning their clothes. Additional options for apps for dry cleaners and other laundry services include a variety of scents or free chemical cleaning to ensure that people get exactly what they want. Benefits For The Laundry Businesses For traditional laundries, the construction of an app means increasing the visibility of the brand and the growth of customer base, leading to greater sales. Applications, however, also help optimise business processes. You can allow your application to streamline all these processes instead of manually filling in customer data, label orders, and establish schedules and paths for the collection of dirty laundry and clean laundry. Benefits For The Laundry Aggregators Creating an application for laundry businesses is a great opportunity for big business to try out their hand. The main benefit of laundry aggregators is that the company owners do not have to invest in the purchase and rent of laundry equipment. In order to serve their purpose and create an app that brings laundry suppliers together in one place, companies can simply negotiate with local laundries. A startup can therefore invest more money to promote its brand, monitor customer feedback, and enhance the app to meet customer requirements. How To Build Laundry App Like Cleanly? Step 1 — Project Planning After you get the idea, the first step to do anything new is to plan. You must work on the details once you have thought of an idea, you must answer some questions like: What is the aim of the app? In your app, what kind of features do you want? What can you do better than your competitors, who are they? What are the unique features in your app? Step 2 — Financial Budget Planning You can plan your budget now that you have a better understanding of your requirements. You have to align your budget to your needs. You will have a lower budget if you require a simple app with just the necessary features. The budget is greater if you need a unique app with advanced features. We can give you a free quote if you need to know how much money you should spend on your project. Contact us and let us know something about your project. Step 3 — Deciding The Project’s Scope The next step is to create a project scope after determining your requirements and budget. You have to plan how much money and resources you allot from app development to deployment. You need to hire one of the best mobile development companies with experience developing these apps so that you don’t encounter any long-term problems. All formalities such as the NDA for the mobile app idea and terms and conditions will then be discussed. Step 4 — The Development The app development company, like ours, appoints experienced application developers and designers. By following best design practices, app designers create mock-ups and prototypes and get their approval from you. The developers then develop the app according to your needs. Our Quality Assurance team monitors and fixes any bugs in the app. Our team has developed many100% bug-free final products that run smoothly on all platforms and devices. Step 5 — Deployment Of The App The last step is to deploy the application on platforms such as the Apple App Store and Google Play. Before deploying the app, we will submit all the data and documentation. In fact, if you want us to, we take care of all the formalities required by the app market. You can also check out: Guide to Develop An Uber For Plumbers App Guide To Make An Uber For Maids App Must-Have Features In Your Cleanly Like Laundry Delivery App You have to understand that not one app is present before you jump into features. The whole solution consists of different components. Your online laundry app will have four components if you’re an aggregator: the customer/user app, Laundry Owner app, driver app, and admin panel. […]

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How To Launch Marketplace For Services the Right Way

Anurag Jain — Mon, 28 Jun 2021 07:54:51 +0000

If you have ever come across an online marketplace, you know how intriguing it can be once you find them. Online marketplaces combine all the positive points of an online business but without the heavy load of buying any inventory or worrying about supply. According to reports from Forrester, at least 1/3rd of US business is routed through e-commerce, and of that at least 63% is performed through marketplace apps. If you are planning to launch marketplace for services, this blog is for you. An online service marketplace is a discovery platform that allows suppliers and customers to meet in one place. Instead of managing inventory for services; these platforms just provide a place where customers can meet service providers and avail services from them. A great example of a service marketplace is Handy, which is a place where customers can find handymen when they need help with household services. Service marketplaces are similar to other marketplaces but instead of buying goods customers come here to avail services. Service marketplaces have become popular over the years because they allow customers to find different service providers in one place allowing them to select the one most suitable for them. Gone are the days of yellow pages, where people would have to look up others to get their contacts and then individually contact them. Now you get all the information you need in front of you, making it easy to make an informed choice. Unlike other businesses, marketplaces don’t need too many resources. Top Marketplace Platforms like Etsy and Fiverr have become popular and generate regular revenue without requiring too many resources. The main component required for these businesses is a unique idea that can be scalable. Here are a few things that service marketplaces need: Multi-vendors- This allows a balance between demand and supply Buyers- they showcase demand for the services and bring in revenue The right business model with a transparent payment process These service marketplaces are becoming the first choice whenever a person wants any kind of help. Some of the SMs that have become popular over the years include Freelancer, Fiverr, and ODesk where you can find professional freelancers for services like design, editing, etc. Others include Taskrabbit, Alfred for at home handyman, Up Counsel for attorneys, Uber for taxi service, Better Help for therapy, and many more. Most of these platforms allow service providers to charge according to their skill levels. This provides customers with different service providers at different prices and they get to decide whether they would want someone who is best in their field and pay more or someone who charges less. Benefits of starting a service marketplace over other models include: Growth in service marketplaces is rather easier, all you need is a unique idea and good service provides a willingness to join your platform SMs focus a lot on creating a network among parties and this creates a sense of commitment Because service marketplaces depend on third party customers and sellers, these form their own ecosystem which functions by itself without much external help Challenges With Service Marketplaces Like all businesses, service marketplaces have their own set of challenges, these include: Maintaining constant revenue- Service marketplaces are tricky as they deal with services that are intangible. In addition to this, marketplaces need to have a correct revenue model in mind. Different industries work best with different revenue models and if you don’t choose the one suitable for you, you might end up losing money. Parties making transactions outside the platform- Because SMs provide customers with a network of service providers, sometimes customers get contacts of the service providers. Here, instead of letting the platform facilitate the transaction for them, they do it externally thus trying to get away with the platform fees. This happens because the party that needs to pay the fees is motivated to abandon the platform and not pay this fee at all Obtaining Feedback- The service marketplace is never directly interacting with the parties, hence it becomes difficult to get feedback on the platform functioning. Points To Keep In Mind To Launch Marketplace For Services There’s a lot of research that is required before you start your service marketplace. SMs are volatile, and hence a single wrong decision can change the entire course of your business. Some of the things to keep in mind when opening a service marketplace includes: 1. Target Market Research– According to various research articles, the biggest reason for a start-up’s failure is its inadequacy to understand the market need. If there is no need for your service in the market, your product won’t be able to garner any interest. In order to have sufficient market research, you need to access the already existing market industry and look at the businesses that are currently providing services there. This will help you in understanding whether your service makes sense for the market, if not you might have to tweak your model. It would also be beneficial to check whether there were any businesses that had similar offerings to you and were unable to grow in the industry. Next, make sure you are entering a clearly defined niche. 2. Identifying Users– A service marketplace heavily depends on maintaining a balance between supply and demand. If you don’t have enough customers, your suppliers will also start opting out. Your SM is majorly being built to service customers, hence it is necessary to know who these people are. You might need to look at their pain points and their daily life journey’s to see what problems they face and find ways to solve them. If you are able to find the biggest pain point of your audience, there is no stopping your business from lasting growth. 3. Making User Engagement Top Priority– Many service marketplace owners feel like user engagement brings little to no impact. This is where many businesses go wrong. Keeping in mind there is no dearth of options available in every industry, customers generally […]

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Thumbtack Business Model – How It Works and Generates Revenue

Anurag Jain — Mon, 31 May 2021 04:32:02 +0000

The Thumbtack application, which was introduced in 2009, currently stands at a value of more than $1 trillion and has reported over $100 million in sales, certainly why people call it the Amazon of the online home services market. Thumbtack is an online marketplace connecting people for their household needs to local specialists. For each of its users, the app offers a user-friendly interface, fast services, and incredible value suggestions. Not only do users and service providers love apps like Thumbtack for the convenience they offer. The revenue-centered business model of such applications also influences Budding entrepreneurs. This guide is for you if you are one of those who wish to win the trillion-dollar home service online market with your idea for an app. We will find out here what it takes to build an iconic Thumbtack-like home services marketplace app and what it’s good to do while we are giving a sneak peek of the present state of the market. Ergo, let’s get onto it. What Is Thumbtack? Thumbtack is an online marketplace platform, connecting customers according to their needs with local professionals. Today there are over 1000 types of services available on the marketplace in categories such as healthcare, home, events, lessons etc. Thumbtack business model has done a great job by providing an excellent platform for an individual to best and most effectively search and appoint a nearby service provider. In building and developing an administration-based business linked to phone directories, online registers, announcement sheets, and many other hazardous processes, the marketplace platform made significant improvements. The main source of revenue on the market platform are charges the company collects when the experts purchase credits. The individual quoted framework is known as compensation; it charges at most around 10 percent. Thumbtack’s Success Over Years Thumbtack, founded as a user-friendly alternative to the classified websites and directories in 2009, was like Yelp and Angie’sList by Jeremy Tunnell, Marco Zappacosta, Sander Daniels, Jonathan Swanson. Thumbtack facilitated the recruitment of local professionals as well as the purchase of any other online products for platform users. The head office of the company is in San Francisco and serves customers very effectively in the United States and in many other countries and towns. New York, Dallas, Chicago, Los Angeles, and Atlanta are the five largest markets in which Thumbtack has started operating. More than 5 million service requests are placed by customers and they have the opportunity to select more than 1,100 unique platform categories as needed. The most popular services of Thumbtack business model include interior design, singing lessons, training for people, catering, moving, and many more. TaskRabbit, HomeAdvisor and others are major competitors. Thumbtack raised an angel investment of $1.2 million in 2010. Jason Calacanis, Joshua Schachter and Scott Banister are among the investors. Through a series A round of venture capital financing in 2012, the company raised $4.5 million. Thumbtack raised 12.5 million dollars in 2013 via a Series B funding round. Thumbtack also raised around $30 million in 2014 through the C Series Round; Tiger Global Management and Sequoia Capital are among the funding providers. In 2014, Google Capital invested a volume of 100 million dollars in a Series D risk capital round. Baillie Gifford, who led venture capital finance in 2015, invested $125 million in Thumbtack. The company secured approximately $120 million in Series H financing in 2019, with the valuation increasing by nearly $1.3 billion. Why Build An App Like Thumbtack Since the launch of Amazon, the idea of building a powerful app marketplace was a hit. These platforms offer great convenience to people who want to buy services or products at affordable prices while sitting at their homes. This is why many home services startups are on the rise today. You can find great deals online with a few clicks to reduce your stress and let your life go smoothly. But more than that, it’s a great idea to build a home service marketplace like Thumbtack. Let’s find out why: The worldwide demand for domestic services is soaring Reports suggest that between 2020-2024, the worldwide demand for home service is projected to grow to $1,574.89 billion at a CAGR of 53 percent. This implies that there are endless possibilities for emerging entrepreneurs to flourish on the market using their on-demand app idea like Thumbtack. Without a doubt, more and more business people will try to establish themselves in the arena by feeling the potential of the market. But you can gain a market share and earn billions with the right approach. Users are increasingly spending on online markets Reports suggest that in 2020-2024, the worldwide demand for home service is projected to grow to $1.574.89 billion at a CAGR of 53 percent. This implies that there are endless possibilities for emerging entrepreneurs to flourish on the market using their on-demand app idea like Thumbtack. Without a doubt, more and more business people will try to establish themselves in the arena by feeling the potential of the market. But you can gain a market share and earn billions with the right approach. Online home service demand is on the rise The lifestyles of people are changing dramatically as a result of rapid urbanization in developed as well as developing countries. Due to busy schedules, nobody prefers to do their own homework, nor does they have time to look for local service providers. This means they are turning to apps like Thumbtack for on-demand services. This brings the on-demand sector revenue from domestic services to 869.95 trillion dollars between 2017 and 2022 and contributes to the total revenue generated by every market sector. In the opinion of statistics, in this period, demand for washing services and dry cleaning will increase by 3.4%. In contrast, the plumbing market will increase by 12% and the flooring sector will also rise by up to 5% – a sign that the demand for home-service apps will increase. Thumbtack’s Business Model This platform matches clients with neighboring service providers for whom […]

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Building An App Like Porch – Key Features and Development Cost

Sachin Sharma — Thu, 28 Jan 2021 06:43:14 +0000

We also acknowledge how most traditional markets have been affected by on-demand applications. We all have experienced a tremendous shift in the way we fly, eat, shop, and even date. So, why not get our domestic duties and errands done? After all, in our lives, we all need a 24×7 available house-help that can complete our household chores and run our errands in a jiffy. Let’s start from the basics to what particular services it offers until we grasp the nitty-gritty of on-demand home services applications. As the name suggests, it acts as a forum where you can recruit experts at your fingertips for all your household chores. It is integrated with all the necessary features as all other On-Demand Apps. Hire a plumber near your place who can repair it in no time. Got a leaking problem at home. If you have trouble with your AC, contact an air conditioning specialist who can repair your AC in just a few minutes. Similarly, these applications aim to provide services like carpentry, house cleanliness, home appliances, and any other issues in the household. Developing an on-demand home service platform is still in its initial stage; however, it already has some proven names. Well-known utilities in this vertical are TaskRabbit, Convenient, and Porch. See also: How To Build An App Like TaskRabbit Top 3 On-demand Home Services Business Models How to Make a Concierge Services App Almost all of the home services apps are gaining momentum rapidly, and one of them may well be as popular as Uber. But some of them have already made a name for themself in the industry. One such platform is — Porch. Porch — Introduction In 2013, Porch came to life to fix the age-old question of matching homeowners with high-quality experts in home renovation. It started off as a platform for home services, providing project orders to professionals around the nation that are part of the $500 billion home renovation industry. Since then, Porch has grown into a vertical SaaS company focused on simplifying the home and supplying businesses with apps and services. These 8,000+ small and large corporations use Porch to boost their activities, expand their industry, and optimise their consumer experiences from moving businesses, home inspections, large service businesses, real estate professionals, and more. Porch is introduced to its clients by these firms to help make moving and home cleaning easier. Some facts about the Porch App Founded: September, 2012 Founders: Matt Ehrlichman Revenue: $77.4 Million(2019) Headquarters: Seattle, Washington, United States Valuation :$523 Million (As of July 2020) Today, Porch is engaged every month with around 2 out of every 3 homebuyers. They deliver a complete range of products and services to enable homeowners to: Compare and purchase at competitive prices for home and car insurance plans and the correct coverage Organize their entire travel, whether loading or unloading a truck or full-service long-distance jobs, Uncover and add on the market the finest home automation and surveillance solutions Compare solutions for the internet and TV for the new home Book small handyman jobs with assured efficiency at set, upfront rates Compare bids from pros who can complete bigger jobs Why Home Service Apps Are Important They Provide Convenience Modern life desires comfort and the same is offered by on-demand services. Apps such as Porch are so common because all home-related services are delivered on one app, making life easier for individuals around the world. Users will browse multiple service providers, judge them on the basis of feedback, recruit someone according to their needs, and pay for the services offered, all on one app that is easy to use. They Have Lower Costs Mostly, the cost is the key factor for consumers. Although, compared with conventional services, on-demand home services networks deliver cheaper costs. As a consequence, the industry is booming with a range of home service applications. Ease Of Payments iOS delivering home services function as a conduit between providers and consumers of services. These applications also perform billing and payment transfers in a single tap to help consumers pay, which adds to their comfort in the future. They Save Time Home service applications that are on-demand know what their customers really want. They seek, thus, to provide services as efficiently as possible and according to the needs of the customer. For example, by only adding a few specifics, customers can set a time period within which they choose to access the service or they can get an idea of how much the service will cost them. Related Resource: Best Home Services App Business Ideas For 2022 Your Business Can be Helped If You Build App Like Porch Increased Visibility Mobile apps these days not only keep your loyal users hooked on your service, but also help attract new clients by growing your company’s exposure. In turn, this helps you to scale up your market. When you build an on-demand home service app, the popularity of your offline home service company will become 10X. Marketing Opportunities For existing and potential customers, smartphone apps offer targeted marketing tools. These applications serve various purposes, such as providing general service information, booking forms, prices, search options, and more. This in fact benefits marketing agencies. Apps such as push alerts on offers and promotions available will also help improve the company’s revenue. Brand Awareness In today’s dynamic landscape, leveraging ways to inform the target audience about the brand and create a positive picture of it is of the utmost importance. By building brand recognition, a home service smartphone application will help you achieve this. Customer Relationship Management The improved reliability in delivering customer support services is one of the key benefits of smartphone applications for organizations. By making a home service app, you will resolve your customers’ questions in-app via chat or you can even embed a chatbot in your smartphone app that will offer 24/7 assistance to your customers. The Home Service App Development industry is booming dramatically due to these advantages and is forecasted to […]

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Top 3 On-demand Home Services Business Models Explained

Anurag Jain — Tue, 13 Oct 2020 08:19:44 +0000

This article encompasses all the valuable insights into the On-demand Home Services business models. Read till the end! Introduction Visualize that in your kitchen you will be accompanied by stinky plates, a filthy room, some dirty laundry, and a lot of other items on the floors. And look, it’s 10:00 already and you have to hurry to your office. What are you going to do? Cleaning? No way! No way! No way, if that was what you were planning to do! We have tiny angels in our pockets in the 21st century who will help us handle all these dull homes when we are able to go out to do things that require our vital attention. These angels are branded “home service apps” by innovators and busy people worldwide (just like us). See also: Top 5 Business Models For Grocery Delivery Apps Top 2 Business Models For On-Demand Food Delivery Apps Not only helping users to deal with busy and modern life, but these applications can also have certain opportunities for service providers and on-demand home services companies, to hire someone to carry out these duties (cleaning, cooking, plumbing, and more). For both sides, this means a win-win situation as one gets their job done and the other gets a job to do! Therefore, whether you are an entrepreneur who plans to extend or improve your company online, or if you plan to develop a comprehensive on-Demand home service application, you will benefit from that different application in various ways. Let’s see how. Why The On-Demand Home Services Apps Are The Next Big Thing With lives growing quicker and simple domestic services being needed, domestic on-demand services are becoming more popular. The comparison with the new Internet market now, which existed almost a decade before, is a clear example. A simple example. With the Internet age the digital scenario has changed massively and only certain firms, who have an extra advantage, can survive the competition. In the past few years, businesses such as UrbanClap (currently the Urban Company), Uber, etc. have benefited from their work. According to a report by Technavio, the US market for on-demand home services is expected to grow at a CAGR of 60.77% from 2021-2026. As the internet’s leading customer, the current generation is also the main consumer of home on-demand services. In the coming years, that will also lead to unbelievable business growth. The unchanging relationship between a vendor and a customer is also a crucial driver for the growing success of on-demand applications. There are also plenty of cost-effective options that can help you develop an uber for handyman app. And the smallest of the smallest budget startups will then set up and run their business in no time. Some of the other benefits of On-Demand Home Services Apps They Are Convenient Modern life desires luxury and on-demand platforms deliver the same thing. Apps such as Urbanclap, Housejoy, and TaskRabbit are all common since all home-oriented services are accessible on one side, making living worldwide convenient. Users will search multiple service providers, analyze them on the basis of feedback and feedback, employ someone according to their needs and pay for services – all on one single website. Home Service Apps Have A Much Lower Cost Cost is typically the buyers’ key driver. And home service networks on sale deliver cheaper costs than conventional vendors. As a result, there are many home service applications on the market that are booming. Ease Of Payments Home utilities applications operate as a bridge between vendors and customers. These applications also handle money transfers and purchases to let consumers pay with one tap which will improve their convenience of them in the future. Saves Loads Of Time Apps for home utilities on demand know what the customers want. They also seek to offer services as easily and as the customer wants. For example, consumers may create a time limit for use of the service or get a sense of the expense of the service simply by adding a couple of specifics. Although home service applications give consumers many benefits, they also support service providers and home service firms. If you wonder why, here are some of the reasons why you can understand its main benefits, so you can decide better before you invest in its development: Enhanced Visibility Mobile applications now not only keep the current business users in touch, but they also help to draw new clients by improving brand exposure. This allows you to further scale the business. You will 10X the popularity of your home service company on demand by creating an on-demand home service app. Marketing Mobile apps provide current and future users with direct marketing opportunities. The apps provide a vast array of services, booking forms, rates, search options, and more for general information. In exchange, this benefits marketing firms. Functions such as pushing reminders about available offers and promotions will also improve company sales. Brand Awareness It is of the utmost importance in today’s dynamic environment for the target customer to understand more about your brand and establish a compelling picture of it. By building brand awareness, you can benefit from a mobile home service app. Customer Relationship Management The improved quality of customer care is one of the key benefits of smartphone technology for companies. You can address your customer complaints in your app by a chat with the home service application, or you can embed a chatbot with your mobile app to provide your customers with 24/7 assistance. The home service application production industry is booming tremendously as a result of these advantages and the number of players in the market is rising exponentially. See the following figures, which tell us a lot about Home Service Apps’ reach and demand. When we talk about the business models available for the on-demand home services applications, there are 3 key business models which you can adapt. Top 3 On-demand Home Services Business Models 1. Lead-Based Business Model Customers collect quotes from manufacturers […]

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How to Build Concierge Services App In 3 Easy Steps

Anurag Jain — Sat, 19 Sep 2020 05:39:03 +0000

Living in a fast-paced and hyper-competitive world, people are always on the run. Due to this busy lifestyle, people value time more than money and want someone to handle their less important responsibilities. This has led to a rise in specialized concierge services. Today, customers look beyond basic services and desire unique, emotional experiences that turn their interactions over and above the normal. Concierge services were earlier only available at luxury hotels, taking care of the guest’s requirements discretely, and delivering exceptional service. With the advent of time, concierge services have evolved into a profession and are widely available in many disciplines, with a broad clientele from large corporations, executives, VIPs, and celebrities, to well-heeled tourists. As per a study conducted by Grand View Research, the global market for concierge services totaled $537.6 million in 2018 and is expected to grow to $773.3 million by 2025. So, if you are the one looking to build concierge services app to ride this trend, this post will help you. Concierge Services Providers By providing a responsive, efficient experience for customers, the concierge services improve guest satisfaction, loyalty, and strengthen your brand’s connection. Some examples of digital concierge services include: Private aviation: U.S based NetJets specializes in providing individualized focus and personalized aviation services, whether celebrating milestones onboard to assuring the comfort of customers’ pets. The business offers access to all its services, such as onboard catering, ground transportation, and accommodation. Luxury real estate auctions: Concierge Auctions is one of the world’s largest online marketplaces to buy and sell luxury properties. The app enables customers to browse real estate, place bids, and watch auctions in real-time. Shopping assisting services: Personal Shopper Department (PSD) accommodates busy customers by offering access to stores all around the city. The app acts as a concierge and helps clients track down luxury items for those who require it. The app blends human-to-human interaction with mobile technologies. Users can send an image and a description of the wanted article and get the desired response with alternative suggestions from a team of online consultants. Marriott mobile travel companion app: Marriott International mobile app offers hotel booking capabilities and provides numerous features to make the guests’ stay convenient and memorable. The app serves as a digital key allowing guests to seamlessly check-in, request additional toiletries and other standard amenities, and directly contact the front desk. It can also notify a guest when the room is ready, offer upgrade choices for loyalty program members, and also provides updates on special offers and events in and around the hotel. Through the app, hotel customers can explore dining options, make reservations, request valet services, or order a cab. After the chat-based concierge services were introduced in Marriott’s app, the hotelier observed that 80% of the 10,000 mobile requests were made through this feature during the trial period. Hospital services: Paris based Happytal is a concierge service provider for hospitals. The platform enables patients, their relatives, and hospital staff to order deliveries and services by connecting with partners and ensuring timely delivery. Errand Concierge: Based in Malaysia, Goget is a marketplace for errands where users can share their tasks on-demand and the money they are willing to pay, and someone from the Goget community takes up the job and completes it. Here’s our guide to develop an errand running app Challenges in providing concierge services through an App Generally, the luxury segment is extremely conservative and is not very receptive to novel approaches. Elite lifestyle services offer concierge services as they better understand the customers’ behavior and have resources such as a team of in-house experts to take care of their whims and fancies. However, there’s a catch; these services are only available exclusively. Most concierge services come with a waiting list and charge thousands of dollars as membership charges. Even if you can afford the price, it doesn’t mean that you can easily avail of their services. The user has to be invited and approved as a member before getting admission to the world of personalized services. Even after rapid technological advancement, machines cannot wholly replicate human traits such as adaptive behavior. For example, algorithms can learn human characteristics; it is difficult for them to come up with an ability to surprise, such as an unexpected gift or last moment travel plan. While it is undoubtedly challenging to serve such a clientele through an app due to extreme personalization, there is substantial scope for providing concierge services to well-heeled millennials who appreciate life’s luxuries simultaneously getting things done on their smartphones. The app gives them direct access to a team of experts, who can provide a personalized response quickly, 24/7/365. Benefits of Building A Concierge App A concierge app can help you create additional touchpoints, greater customer satisfaction, improve service level, and additional revenue sources. The app allows the business to save time and create new efficiencies. Visual and informative resources enhance customer experience, while artificial intelligence and familiar chat interfaces provide a competitive edge by offering increased accessibility, intelligence, and convenience. Automated concierge apps have several business advantages: They are more efficient, faster, and less error-prone. At the same time, business owners get a modern tool to improve their services and generate additional income. Lower Operations Cost: Concierge App is a cost-efficient alternative to the traditional resource-intensive method. By deploying the app, businesses don’t need to hire, train, and spend money on concierges, or employees who are generally responsible for catering to such requests from the guests. Understanding User Behavior: Every interaction with the Concierge app gathers valuable data that help businesses understand what customers are looking for and help them make informed decisions. When you know what your customer wants, it is easier to meet their needs and exceed their expectations and increase customer loyalty. Customers desire experiences that are memorable and tailored to their needs. A concierge app helps deliver those immersive experiences and simplifies tasks like ordering, finding information, and payment. Thus, it becomes easier for companies to anticipate […]

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