Food start-ups have contributed a lot to the on-demand economy and they have a simple approach. The idea behind these start-ups is to offer convenience and save time. Each customer who avails of these services can enjoy hassle-free ordering. The convenience comes through different aspects like :
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Convenience to make fast decisions
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Get order delivered faster
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Easy payment transactions
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Convenience to order from multiple food outlets
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Convenience to save orders and re-order
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Get it delivered to your doorstep
Amazing Stats To Check Out For The Food Delivery Industry
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The major food delivery markets like Australia, the US, and Canada witnessed 4-8 times growth from 2018-2021. Also, the food delivery market saw an increase in revenues by $4 billion between 2019 & 2020.
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The food delivery market is predicted to grow nearly by $43 billion by 2023 to touch $154.34 billion.
The above stats clearly state that there is significant growth seen in the food delivery market and will continue to grow in the future as well. So, if you want to join the revolution, this is the right time to opt for on-demand Food delivery app development services to get your food delivery business online successfully.
With the introduction of the comprehensive approach adopted by on-demand food industry, it has taken over the traditional markets. The 3 main components followed by a restaurant to offer an amazing experience to their customers is :
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Ordering
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Cooking
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Delivering
Based on the above components there are 3 different business models trending currently and they are :
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The menu can be accessed by the customers to place orders using the app
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After the order is received by the restaurant they send a message to notify the customers for order confirmation.
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After the order is prepared, the restaurants get in touch with courier service providers
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The delivery services available in nearby locations will pick up the order and deliver it to the respective location
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Based on the distance covered, a delivery fee will be charged to the customers.
The admin of the app can charge a flat fee as a commission from respective restaurants against each order delivered. Also, they can charge a fee from the customers according to their drop-off point.
Limitations of Order with Delivery Business Model
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One of the major challenges with this model is establishing smooth transportation staff.
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The delivery staff needs to be well-trained and process faster deliveries on time.
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The delivery delays can result in negative feedback from customers.
To beat these challenges, you need to focus on timely delivering even during peak hours. Hiring more delivery staff can help you streamline the deliveries.
| Read Original Blog Here:
Food Delivery Mobile App Business
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