Best ways to start an On-demand service marketplace website

The online service marketplace is one of the most profitable business models nowadays. There are many reasons behind the success of this business. In this article, I am going to share the on-demand service marketplaces business detail. Let's start with the introduction.

What is an On demand Service Marketplace platform?

An on-demand service marketplace is a platform where service seekers and service providers can interact hassle-free with each other on the same platform, where a service seeker can post the desired job, and the service provider can apply on the job. Many service marketplaces available that cater to specific niches.

For instance, Upwork, freelancers, and Guru are providing professional services like web development and web design, on the other hand, marketplaces such as TaskRabbit and Thumbtack deal in laborer services.

• Business Model of an On-demand Service Marketplace:
• The service seeker, lists their job on the platform.
• Service Provider apply for the job
• Job Seeker choose the person after the analysis
• Job Provider (Tasker) deliver the work
• Job Seeker close the task once it done
• Job Provider (Tasker) get paid
• Platform owners earn as a commission

Why do the On-demand Service marketplaces become so popular?

As we know, the demand for online service marketplaces is increasing day by day and many aspiring entrepreneurs are investing in on-demand service marketplaces. Freelancer, fiver, Uber, Taskrabbit, and Urban Clap are good examples of service marketplaces.

According to this stat:

Global online on-demand home services market to grow at a CAGR of close to 49% during the period 2017-2021.

How to start an On-demand Service Marketplace?

Nowadays, there is numerous way to start an on-demand service marketplace platform such as:

Hire a web technology partner:

You can hire a reputed web designing & development company for building the online service marketplace that will help you in this. It will take at least 3-4 months to design and develop a fully functional marketplace website. It is a time-consuming and costly way to create an online service marketplace website.

Code From Scratch:

If you have a good knowledge of web programming and coding then you can code a service marketplace website from scratch but, in case if you don't know, then you have to learn to program, and it will take a long time.

Choose a Ready-made Solution:

This is one of the effective ways to build an on-demand service marketplace. Here, you have to choose the best ready-made solution provider that will help you in this and customize the website as per your requirements. It is one of the fastest ways to launch your service marketplace website.

How to choose the best Readymade Solution For an on-demand service marketplace website?

As we know, there is a lot of competition in every field nowadays. Similarly, this business also has a huge competition. There are many ready-made service market solutions available in the market that claim themself the best one but you have to choose the best that fulfills your requirements. Choosing the right platform is a challenging task for entrepreneurs.

Here is a list of key features that you need to consider while selecting an On-demand Service marketplace Software

• Social Media Login
• Smart Notifications.
• Google Map Functionality
• Social Media Sharing
• Responsive Design
• Multi-currency Support

You can consider these softwares for this need:

See the below list of the top 5 on-demand service marketplace solutions. You can choose anyone from this list as per your budget and features.

• Yo!Gigs
• ShareTribe
• Arcadier
• Yelo
• Cocorico