Technology impacts our lives pertinently. Everyone is making their business more digital and more global day by day. Mobile applications are the most significant and easiest method to connect to a consumer. After the introduction to the mobile app, food delivery application has been the hotspot for entrepreneurs and startups. And for those who want to make something big in this digital world.
All the food delivery apps like Swiggy, Zomato, Foodpanda etc. give people two most essential things – a variety of food and comfort. These applications are making foodies life hassle-free. Before moving to the cost to develop a food ordering app, let’s have a look at other aspects of a food delivery application.
An investment firm, Cowen, is estimating that in the next five years, there is going to be a massive 79% growth in the online food-delivery market compared to its present state. Online delivery is projected to grow from $20 billion in 2017 to $65 billion by 2022. (Source)
Features of a Food Ordering App
When a food ordering app development company develops an app for food delivery, it ensures everyone’s ease. Whether it’s a customer, admin, restaurant, food delivery boy or anyone else in the chain. Here are some awe-inspiring enchanting features of food ordering app. Please have a look at them.
- Multiple payment options such as UPI, net banking, PayPal, Credit/Debit cards, cash on delivery, etc.
- Available all 24X7.
- Re-ordering and scheduling food delivery for another time.
- Good cashback with discounts and coupon codes.
- Premium subscription available
- Various filters to choose food according to your preferences.
- Fast food delivery.
Monetization Model of Food Delivery Apps
The main plan to start a business is to earn some money. There are many ways from food delivery businesses to manage their monetization strategies. Let’s have a quick look over the most effective ones.
1. Delivery Charges
There are many restaurants which do not provide free home delivery. And this is the primary source of their income. Most of the food delivery apps are based on minimum order value and pricing model of surcharge. They activate it during peak hours, like at lunch or dinner.
2. Sharing Revenue from Restaurants
Food ordering apps like Swiggy, Zomato, UberEats, they partnership with restaurants and charge some commission on every order. These are the most time tested modes of generating revenue. So the more orders a restaurant will deliver, the more benefit will get the food delivery app. From this method, both restaurant and food delivery companies maintain a long term beneficial relationship with each other.
Google AdSense is a sure-shot way to make money. These apps can earn money by running ads on their application. Apart from this, these apps charge some fees for the most visible restaurants on the app.
How does The Eatery Business Work?
Step 1: Consumer orders food from the application
Step 2: The restaurant accepts the order and delivers the food to the delivery partner
Step 3: Delivery partner provides the food to consumer
How Much Does it Cost to Develop a Food Ordering App?
The cost to develop a food ordering app depends upon various factors such as:
- UI/ UX of the application
- Application requirements
- Complexity of UI
- Concept of Project
- Designing of UI
- App Testing
- The platform/OS of the application
- Developer’s Expenses
The overall cost to develop a food delivery app like Foodpanda, Swiggy, Zomato or UberEats costs around $5000-$30,000 depending upon the factors explained above. Costs may get higher if you want to add more features to it and can be less than the approx minimum price for a basic food ordering app.
The food industry is one of the industries which will never be out of fashion and out of demand. There is always scope for a startup in the food industry. And you can improve your food delivery business by choosing a good food ordering mobile app development company because an excellent solution provider can include exciting features.
I am Niketa Sharma working as an SEO executive cum skilled Content Writer in BR Softech – an Award winning Web, Game & Food Delivery App Development company. Loves to write on Technical as well as social topics and take every opportunity as a responsibility. With this content, I want to spread her knowledge to the business enterprise.