Southeast Asia is seeing a huge flux in the number of startups and also most important to mention is the fact that the rate of innovations are growing at an extremely fast and rapid pace which in turn suggests that setting up a new entrepreneurial venture in the region in turn will bring huge scope of profit for new business owners so as to say.
Regions in the Southeast Asian subcontinent like Singapore in particular has seen the rise of many new startups thereby suggesting that setting up a new business in the region is an extremely good as well as profitable idea.
However for entrepreneurs one difficult task is understand the business that will bring revenues to the business and accelerate the way services are offered to the customer. If we try to identify the best model then the best model is Gojek.
Here’s all about the solution below.
Launched in 2010, Gojek came about as a ridesharing app for the people living in Indonesia. However, soon it realized the dilemma faced by people in terms of having to download innumerable apps for different array of services and thus today it offers innumerable services starting from food delivery to grocery delivery to massage services all through one app.
This in turn has helped the business generate huge commissions due to the vast array of services provided through it and at the same time has helped the service providers as well to earn a good sum of money and livelihood along the way which in turn has gone onto enticing the attention of people all over the world especially in the Southeast Asian regions.
Thus, if you think of setting up a new business especially in the Southeast Asian regions like Singapore as we are discussing in the article here then let’s just put it this way setting up a Gojek like business will be extremely profitable.
First, the concept hasn’t gained much popularity in the region which in turn goes on to suggest thus that setting up a business on the lines of Gojek will in turn bring huge scope of revenue.
Finally, due to the job opportunities and the innumerable services that the solution has in store for the service providers and the customers both, the same in turn is a good idea thus.
It is important however to follow some tactics when building the business in Singapore so that you generate huge revenues right from Day 1!
Here are the same listed below.
- Identify the services studying your target market carefully that if incorporated will support customers and boost revenues.
- Locate the platform where you will be able to find maximum customers and thereupon launch your app on that platform. This can be done studying your target market carefully.
- Study the buying behavior as well as the way people interact with on demand services and thereupon incorporate the appropriate business and price model.
Following these steps in turn will ensure that your Gojek like business brings huge revenues in Singapore and also at the same time increases your popularity to the greatest level possible.