During the me Convention talk “Right here, right now: How the on-demand economy is resculpting society” with Rama Poola, Rebecca Clyde, Ryan Mclaughlin and Drena Kusari a participant asked through Slido: “What’s the next big thing in the on-demand economy?”
Firstly, speed and convenience are the two main things, that start-ups in the on-demand economy will have to focus on to persist in the future of this industry. According to The Entrepreneur, the two main questions those start-ups need to ask themselves are therefore:
1. Can we provide a service faster than anyone else?
2. Are we the easiest company to do business with?
Secondly, especially in the health and wellness economy, there is still great potential for the expansion of on-demand services: The majority of the “industry is currently serviced by independent providers looking for a better way to interact with their clients and build their businesses”, explains Logan Sugarman, CEO of Refresh Body, to Inc. Especially in the segment of health and wellness it is crucial for on-demand services to build their businesses on a foundation of quality and curation.
Thirdly, the on-demand economy is evolving into a negotiate-on-demand economy, which isn't just limited to the direct-to-consumer market, according to Inc. Eventually on-demand services will grow into a negotiation service for small businesses and corporations. Like this, companies can outsource their negotiations to consultants and start-ups for vendors to compete on time and price. This would lead to companies getting exactly what they want, when they want it, and with an average savings of 20% - all from a one-stop shop.
Looking at those developments, we will face big shifts in the health and wellness economy, as well as the negotiation business towards on-demand services with their main focus on quality and curation.
Watch the me Convention talk “Right here, right now: How the on-demand economy is resculpting society” to dive deeper into the world of on-demand services and its effects on our society.