Service providers are easier to access nowadays. People can reach out to professionals in no time with their smartphones. A multi-services marketplace can reach out to people more effectively. People demand household services like home cleaning, repair, electrical services, plumbing services, etc., from a single app. Apps like UrbanClap have engaged to a wider audience in no time. By 2019, UrbanClap saw its revenue rise by 309%. The app lists over 100,000 service providers to users.
This market is flourishing, with more people adopting digital ways to get services. However, an entrepreneur may be wondering how to generate revenue with an Urbanclap like app development. In this blog, let’s discuss the different ways of revenue generation using the app,
Get paid commissions through the app: A business owner connects multiple service providers with users in need. By acting a bridge between users and verified service providers, business owners receive a part of users’ payment as paid commissions. By offering multiple services, you can add to a steady flow of income in the form of paid commissions.
Get revenue through featured listings: Users are generally attracted to the top listings displayed in the app. Those service providers who occupy these top listings are visible to more users. Hence, in order to feature at the top of the listings, service providers need to pay a certain amount of money. This can add to revenue generation, as well.
Display third-party ads: A number of third-party vendors can be interested in displaying their advertisement banners in your app. By displaying their ads in your app, you can generate revenue.
With these many ways of revenue generation, entrepreneurs can certainly capitalize on this growing market to boost their ROI. You can approach app development companies for Urbanclap clone script and venture into the market almost instantly!