With a healthy CAGR of almost 50% in the upcoming years, the market for home services app has become the investors’ eye. Apps like Urbanclap, Housejoy, etc., have made their everlasting presence in the flourishing sector. Developing a home services app has been made easy with the emergence of clone app solutions.
Are you an entrepreneur aiming to initiate your Urbanclap Clone app development? This blog discusses business models and revenue streams worth-considering during home services app development. Here's a list of business and revenue models to consider in your Urbanclap clone app.
Business models:
Buyer-pick model: In this model, it is the customers who decide the type of services as well as service professionals. Customers can filter service providers based on various metrics and choose their desired professionals.
Supplier-pick model: In this model, customers decide the type of services alone. The algorithm decides service professionals in the vicinity and assigns them bookings regularly.
Revenue models:
Commissions from service providers: Deduct a percentage of every customer payment to service providers.
Subscription charges: Demand subscription plans from customers who wish to avail of premium benefits.
The in-app ad charges: Levy ad charges from third-party brand owners based on ad views, clicks, impressions, etc.
Wrapping up,
Choose the best business model and work on your revenue streams while developing your On-demand service app like UrbanClap clone. An entrepreneur with the right approach and better clarity can gain instant popularity among the target audience. Initiate your app development today!
