Did you know that, according to the New York Times, the online on-demand home services market in the US is skyrocketing in growth with a CAGR of 49% by 2021? Digitization has become a trend in almost every industry nowadays. Not to mention the fact that on-demand apps offer enhanced user convenience. Any service that boosts people’s comfort is expected to stay and flourish for years to come.
Apps like UrbanClap, Housejoy, and many more have already ventured into this lucrative segment and are reaping the rewards with each passing day. Are you an entrepreneur looking to set foot into this industry by investing in an UrbanClap Clone app development? If so, ask yourselves this simple question, ‘Are you equipped with resources that can aid in developing a virtual platform connecting multiple service providers with people in need?’ If you can answer this question, you can initiate your app development instantly. If you cannot find answers, do not worry.
By the end of this blog, you’ll be confident enough to initiate your on-demand home services app development.
Identify your buyer persona – the sooner, the better
A buyer persona is the imaginary target audience who utilize your app for their services. It is crucial to identify your target audience before developing the home-services app. It solely depends on the entrepreneur to choose and focus the app towards a specific set of the audience. This step aids in visualizing the usage of the end-product, thereby making necessary modifications down the way.
Analyze the market – Study your competitors
After identifying your target audience, the next step is to research their expectations. For an app to sustain itself in the market for an increased timeframe, satisfying the customers becomes paramount. Now, let’s look at how well the market is faring.
- The global online on-demand home services market forecasts growth of 32.14% by the end of 2020. (Source: Technavio)
- The global market will grow by $1574.86 billion between 2020 and 2024. (Source: Technavio)
- The online on-demand home services sector in the US is currently valued at $600 billion. (Source: New York Times)
- UrbanClap, the most popular home-services app, witnessed a 150% increase in revenue in FY19 when compared to FY18. (Source: UrbanClap)
The facts don’t lie. You needn’t have second thoughts about investing in this highly revenue-yielding segment. Once you have identified the potential of the market, you need to scrutinize your competitors. Some of the top players include,
UrbanClap: With over 3 million monthly users, the Indian-based startup has made a mark for itself. The online platform has more than 200,000 service providers under its belt. It is one of the most popular apps among the audience and known for its timely and quality services.
Housejoy: One of the fastest-growing companies in the sector, the app is well-known for its robust business model. The app provides an option of re-work, allowing customers to avail of professional services if they are not content with the services.
Wrapping up,
With the market for online on-demand home services growing exponentially, there cannot be an ideal time than this to set foot into the market. Identifying the target audience and analyzing their demands constitute the primary step of app development. While developing the app, the utmost care must be given to designing the UI/UX as it resonates with the user experience. Incorporating lucrative features is essential to pull the audience.
Schedule a meeting with our experts at Appdupe, tell us your visions, and get them transformed into a top-notch UrbanClap clone app in the shortest time possible!
Contact Us :
Mail Id : info@appdupe.com
Phone Number : 9791101817
Website Url : https://www.appdupe.com/urbanclap-clone
