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Why will on-demand marketplaces be the next billion dollar businesses

The internet has seen a rise in on-demand marketplaces and on-demand services in the recent years. Companies like Uber(Taxi service) and Instacart(Grocery service) are good examples of this trend.

These marketplaces have no expensive start-up costs due to lighter initial investment, no middlemen, just connecting people with each other. What are the factors that contributed to the growth of on demand marketplaces? There are many including smartphones, health insurance, cloud com putting and economy.

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source : www.businessinsider.com

What makes on-demand marketplaces so appealing?

Here are a couple of reasons:

Enhances the shopping experience:

On demand marketplaces enhance the shopping experience by leaps and bounds. Users can buy the products they want from the convenience of their own homes since all they need is a computer with internet connection. Users also get to see the product reviews that other customers have written making the process more transparent. They get to compare the prices of the same product from various brands so that they can make a good decision.

Enhances convenience and ease of shopping:

On-demand marketplaces making shopping convenient since users don’t have to look far and wide for the products they want. They can find what they are looking for on the website and just place an order. It becomes all the more convenient if customers are provided with home delivery services since their products will be delivered to their doorstep. Customers are also instantly notified about any discounts or deals that the company may be offering through their online website. Customers can just buy something with the click of the button on their mobile apps and they can do at any time 24/7 thus making it very convenient.

Bridges the gap between the seller and the customer:

Since many online marketplace websites also have their own apps, the gap between the seller and customer is relatively small. It’s easier for customers to raise a dispute if they are not happy with the products or services. It is also easy for the customers to give feedback or write review about the products that they purchased that other customers can see. It’s also easy for the customers to communicate with sellers and track their orders until their products are delivered at their doorstep.

Wide range of products:

Customers are literally spoilt for choice since they get to pick and choose what they want from wide array of products. The products are usually sorted under various sections like clothing, electronics, footwear, accessories etc which makes the shopping experience convenient and fun for the customer. He just has to browse through the catalogue to find what he is looking for.

Want to have your own on-demand service website? How about a TaskRabbit clone script that can be replicated in any part of the world? Daily errands marketplaces like TaskRabbit have proved to be successful and the clone script from Ecommerce Mix comes with all the features required to run a flourishing daily errands marketplace. It comes with both the website as well as an Android version so that it is more interactive for the users. It comes with a smooth and efficient bidding system so that it is easy for people to bid on the tasks posted in the marketplace.

For more information about the TaskRabbit clone script, visit http://gentleninja.com/taskrabbitclonescript/

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