The online Service industry is highly in demand all across the world and it is growing day by day because of the busy schedule of the people, due to this On-demand service marketplaces are coming in more demand. As we know, sometimes it is hard to find service professionals through a simple search on google. To make this easy, an online service marketplace plays an important role.
As per the following research:
The online on-demand home services market will grow by USD 1,574.86 billion during 2020–2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
An on-demand service marketplace is an advanced solution to finding and hiring professionals rendering local services from a vast range of industries.
If you are also the one who wants to enter this industry and looking to launch your on-demand home service marketplace website, then you have to know about its business model. After this, your first step is to select an unbeatable business model for your service marketplace website.
The on-demand service marketplace works on these three business models.
- Transaction model
- Lead model
- Subscription model
Here you can understand the working process of the On-Demand service marketplace business model:
Top Key players of On-demand Service Industry
- TaskRabbit
- Handy
- UrbanSitter
- Jiffy home marketplace
- Air Tasker
- HomeAdvisor (earlier know as ServiceMagic)
- The Home Depot
How On-demand Service Marketplace works
It is clear from its business model explained above that the main aim of on-demand service marketplaces is connecting service seekers with service providers.
The following points will give you more insights into its business model:
- The service seeker who needs services has to register and list their job on the platform.
- On the other hand, service professionals can register in a particular service by choosing the right category and access all the listed jobs. They then apply for a particular job by sending the seeker a proposal.
- The service seeker can analyze all the responses and chooses the experienced person as per their requirement on the marketplace for professional services.
Ways to build on demand home service marketplace:
Traditional Way:
This is a very old and traditional way to build any website or marketplace. In this option, you should have the knowledge of designing, development, testing and other required skills. You may also hire a custom development company for the same. Both ways are time consuming and costly.
Advanced Way:
This is an advanced way to start your own home service marketplace. In this option, you just need to contact the readymade solution builder who has such a type of software. It will save your time, energy and efforts made towards building an eCommerce platform. You should need to do proper research while selecting the best ready-made solution.
Here is the list of best on-demand service marketplace Softwares
- Yo!Gigs
- Arcadier
- ShareTribe
- Cocorico
- Husky Jungleworks
As per my experience, Yo!Gigs is a cutting-edge solution to launch an on-demand service marketplace. The fully customizable and scalable solution enables entrepreneurs to enter the peer-to-peer marketplace industry with ease.
Know more about Yo!Gigs
Yo!Gigs is an effective solution for entrepreneurs wishing to begin an online service, freelancing, and home service marketplace. The platform offers a simplified process where taskers and seekers can effectively coordinate with each other.
Yo!Gigs also comes with the chat functionality that makes conversation easy between taskers and seekers. It even facilitates smart bid management options for a hassle-free bidding process. With enhanced security features, the robust software enables easy and secure payments. Yo!Gigs come with a 1-year free technical support and a lifetime license.
Final Words:
This post covers everything about on-demand service marketplaces and will help those who are looking to launch an on-demand service marketplace. I recommend Yo!Gigs for your service marketplace because you will get many advanced features in it.
#service marketplace #on-demand service marketplace
