In this modern time, people are so engrossed in their busy lives that they need help to complete their everyday tasks. This is the reason why on-demand services are flourishing throughout the world. By using on-demand mobile apps, a user can easily get on-demand services. The on-demand apps work as a connecting point between customers and different businesses. These apps come equipped with multiple features and allow customers to get a number of services. TaskRabbit is a popular online platform that allows users to hire people for varied tasks like cleaning, packing, moving, furniture assembly, general handyman, and more. TaskRabbit is an online marketplace where small agencies and freelance providers can find various household jobs in their vicinity.
What is a P2P marketplace?
Online marketplaces have grown in demand among agencies and individuals. A study by Digital Commerce 360 reveals that 58% of online retail sales came from marketplaces in 2019. As the market is growing, let’s explore the concept of an online marketplace and how to develop one in 2020.
We believe the best way to start our journey is to explain the definition and have a glance at some basic meanings.
A peer-to-peer e-commerce platform is a trend in marketplace software development. It is a website where individuals that provide products or services meet potential consumers or customers. The platform detracts the difference between them; thus, the parties can exchange their roles. For example, you can lease your NY apartment on Airbnb and book a room with a delightful view somewhere on the Amalfi Coast at the same time. You play two roles simultaneously using the same platform.
On marketplaces like Airbnb, consumers and product providers communicate directly. This leads to significant improvements in terms of cost, transaction time, convenience, etc.
Peer-to-peer ecommerce products have launched a new era in the world’s trading system. They are the key components of the sharing economy. This means P2P marketplace development isn’t just something that can bring you earnings right after you launch a solution. This is your chance to surf the wave that will wash over the world’s economy.
TaskRabbit is an online peer to peer marketplace which offers services that would aid the users with their day-to-day tasks. Whether your need is cleaning or heavy lifting or mounting/installation or grocery shopping or any other endless number of tasks, for indubitably there are and they are all important in organizing our lives well; TaskRabbit understands it and offers immediate help with all such tasks (so that it can earn and enjoy carrots :p). Thus, TaskRabbit is a same-day service platform providing instant aid. It is an on demand platform and follows the crowdsourced economy.
TaskRabbit is an app that was founded in the year 2008 to help people with their routine household tasks. It handles jobs that are home-related and deals with moving furniture, home repair, handyman, and other errands around the house. It is an easy way to pay someone more qualified and stronger than you to do tasks around the house. It offers the benefit of finding a skilled and trusted person; generally, a professional to help you with your household tasks at a cheap cost.
TaskRabbit Business Model
TaskRabbit began its journey by following the auction model, where Taskers would bid for the available tasks and the accepted price would play its game. But this model did not become fruitful and gave birth to fewer problems like decrease rates of task-bids and task completion.
TaskRabbit Business Model needed a different outlook, so the company soon changed its model from a model suitable to TaskGivers to a model suitable to Taskers, where Taskers would give their hourly rates. The end results of this model were super and helped TaskRabbit climb higher. Thus, TaskRabbit Business Model is very much a combination of peer to peer marketplace business model and on demand business model.
There has been found a great scope of repeat business between TaskGivers and Taskers after acquiring a kinship. It benefits both parties.
What is the tech stack for a TaskRabbit-like app?
There are numerous technologies and tools that help create a robust online marketplace app like TaskRabbit. By using these technologies, one can build an app that is scalable.
