Are you an aggregator or admin of the On-Demand Laundry Service? If yes, you know the hardship of creating new ideas and implementing them in your business. At the same time, there are some easy ways to get more money from your On-Demand Laundry Service Application.
On this blog, I shared some simple earning ways to bump up your business revenue. Let’s start with the revenue model of your business to understand the revenue ideas better.
All About On-Demand Laundry App Business Model
In simple words, an aggregator will earn money by connecting the demand and supply in the real world. The aggregator revenue model has three major parts. They are
- Customers,
- Service Providers,
- Channels, Supply Chain, and Others.
As the first part, it deals with the customer segmentation market analysis, efficient ways to reach people and convert them as customers, etc. The second one describes how to find the best service providers, cultivate them to work with you, calculate commission rates, etc.
The last one is nothing but the channel through which the aggregator can connect the customers and service providers and the supply chain.
In this modern world, the mobile application is the best channel to connect them both efficiently. This empowers the aggregator (you), to manage all user data, supply chain, commissions, and other details in a single window.
However, the revenue of the aggregator is a small part of each customer. They can only earn through commissions only. This is the reason behind many entrepreneurs are afraid to choose this business model. But you need not worry. You can increase your income in a smart way by using your on-demand laundry application.
Five Ideas To Make More Money Through On-Demand Laundry Service App
Income from the commission is not so big deal until you reach a huge customer base. So, you can handle some tricks to increase your customer base and increase your income sources. Such simple ideas are listed below.
- Use Referral Model – The first step to boost the revenue of your business is the referral model. Most of the startups nowadays are choosing this as their marketing strategy. According to the statistics from Annex Cloud, there are 92% of consumers trust referrals from people they know”.
There are many ways to do this referral strategy. But the Incentive-based referrals have the power to boost your income while reaching your service to a new member. For instance, provide some offers like a 25% discount on the laundry cost when your customer refers and motivates other new members to sign in. This will actuate your customer to use your laundry service to use your offer of 25% and the new joiner to refer someone to get the 25% offer. This strategy works based on the “Consumers trust their friends’ recommendations seven times more than conventional advertising” ideology.
- Provide Rewards To Get Further Orders- Rewards are the best ideas to keep the customers active. For example, give your customers small rewards like cash-backs and others when they complete five orders in a week worth 500/-. This inspires the customers to complete the task to get the reward.
- Providing Credit Option – You can create a built wallet option, through which they can transact online payment to you. Through this, you can avail credit options when they are facing financial struggles, especially the last week of their salary cycle.
By adding this feature, your can credit your customer for a specific number of laundry services. You can earn extra money from the interest rate of the credit. At the same time, you can prevent the customer to avoid your service due to lack of money.
- Earn From Ads And Promotions – Along with this, you can promote third-party products which are related or parallel to laundry. Like trying to sell some beauty and wellness products on a separate page of the app. From this, you can earn more through affiliate marketing.
Perhaps you can advertise some static or video ads in your application. But ensures that your customer didn’t feel any inconvenience through this. According to a report from Statista, the sector which earns come from in-app advertising and paid downloads, experience over 50% growth compared to 2018.
- Using Offer Strategy – The word ‘Offer’ has a unique power to attract customers. This offer strategy needs simple math to calculate equalize or get more profit even after giving the offer. Such an offer triggers more customers to use your service. So, avail such offers through mail, notification, and other platforms to reach more people. This marketing campaign makes increase new customers too.
These ideas can add some extra ways of income into your revenue model. The effect of these ways will be based on the implementation process. If you have a potential app that supports adding these facilities, you can enjoy extra revenues. So, be cautious in choosing the best Laundry App Development Solutions to get an efficient app that supports the implementation of these ideas.
Conclusion
Through this blog, I hope you get some innovative ideas to make extra income sources through your on-demand laundry application. Not only reading ideas benefits your business but you also need to implement them.
As an aggregator, you can be benefited by implementing these ideas legally, through your application. To make this, you can approach the best Laundry App Development Company to help you with the implementation process or create a new application.
