Since the advent of the Android and iOS technology in the market together with the advancements in phone utility and the ever-widening range coverage of the internet. Businesses have always picked-up with the idea that it could be widely used for business but early on. It was not a reality to start with because app design is not widely marketable back then, unlike today. Fast-forward to today, there are millions of these apps that are open for business in the wide online landscape. Here are the best business models that hit the jackpot with the apps that they launched.
Online Loans
This model has its difficulties to start with in terms of delivery of loans because one has to have various means to releasing the small loans that the firm can offer. Nevertheless, it has seen as an opportunity by other people to get extra cash or even gain business capital by having these online firms for small business loans. The downside is that the interest and processing fee are relatively high. Because of the fast delivery and even the processing of the loans.
Ride-Sharing Apps
Another one which gain the interest of many clients are the ride sharing apps. Though the first one was relatively Uber. It did not push through to see its success unlike the other who came later. Ride-sharing apps are seen as safer alternatives to public transport and are even more practical since it takes you from point to point and you’d never have to walk long distances if you subscribe to such. Other are calling it the new version of taxi but is cleaner, safer, and more cost-friendly.
Food Delivery Apps
This online food delivery service app has always been around but only a few especially in metro and city areas were able to utilize it since only a few restaurants and food service companies. They were able to cater with the app, but since the pandemic this business model has since experience the boom. They were patronage of many clients. Now almost all large- and small-scale food service companies are working in partnership with these delivery apps.
Music Streaming
Everybody loves music thus it has always been available in the app store. But it has seen its success not through streaming music but in streaming podcasts which are finding its way through the mainstream users. Now almost everyone has a streaming app to listen to their favourite podcast channels.
The music industry also loves these streaming services as their work is less likely to be pirated. Downloaded illegally when listeners subscribe to these apps as compared to CDs where it can be copied and passed illegally. In which their profit could drastically be affected.
If you are looking for ideas and they do not belong to these business types, worry not because there are a million possibilities of what business to start on. You just have to be creative and think for an untapped market.
Many different lifestyles can benefit from owning a Online Business Models.
