Why is On-demand Food Delivery is a Profitable Business Idea?

Posted by DebbieOBrien on October 11th, 2019

Food delivery apps like Grubhub, UberEats, Zomato, FoodPanda are the talk of the town in recent years. The on-demand food delivery apps have taken over the traditional food delivery business. It’s now the dream of entrepreneurs and business investors to make a lucrative entry in the market with an advanced application.
People love online food delivery apps because of the comfort and convenience it offers. Some of the advantages of food delivery apps are as follows:
  • Can place orders in a single click
  • Error-free delivery system
  • Offers and discounts
  • Saves time and variety of choices
A strong online presence is the secret of success for every business these days. Food delivery is not an exception. According to a recent statistics report, it has been found out that:
  • Online food delivery market amounts to US7, 438 m in 2019.
  • Revenue is expected to reach a market volume of US6, 819m by 2023 at a CAGR of 9.9%.
  • By 2020, restaurants will lose 70% of their customers if they won’t offer online food delivery.
79% of millennials have ordered through a food delivery platform. This makes the food delivery industry a lucrative business opportunity. Thus investing in a food delivery business is an intelligent way to earn revenue in a short span of time.
How to get started?
You can develop a food delivery app in two possible ways:
  • Developing an application from scratch
  • Choosing a ready-to-launch solution
Hiring app developers and creating an app from scratch cost a fortune. It may even take months. The best solution is to go for ready-made app clones. Turnkey Town, one of the pioneers in the field of app development offers an easily customizable UberEats clone app at an affordable price with advanced features such as:
Review system
It provides the customers and delivery persons with a detailed review of each other’s performance.
Call/Chat option
Customers and delivery persons can use the application to text or call each other if they need any clarification.
Live tracking
Users can find the real-time location of the delivery person and can also find out the nearest restaurant with the in-built navigation.
Save favorites
Users can tap the heart icon to save their favorite food items, and it will appear at the top every time they place an order.
Instant search
Your users can instantly search for their favorite food items, and they can order it without wasting their time.
Search food
This feature helps the users to find their favorite food items by entering the details in the search tab.
Online payment
It saves the precious time of the user, and they can pay through multiple modes of payment, such as credit/debit or other modes.
Schedule bookings
Users can place orders for the future by specifying the time and date. They can also cancel the bookings.
Promotion codes
This feature helps you bring virality to your app. Users can share the promo code to their friends and peers by offering better discounts.

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Joined: September 17th, 2019
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