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In the ever-changing world of on-demand services, handyman app like Uber have gained significant traction.
These platforms bridge the gap between customers who need help with home services and experienced professionals ready to serve.
This blog demonstrates the top ten monetization methods to uplift your handyman business.
Start reading to grow instantly!
The commission-based model is the main source of revenue-generating method for handyman apps.
This makes money by charging a percentage of each transaction between users and service providers. This might range from 10% to 30%, depending on the service and demand.
How it benefits:
Steady income from every completed service
Motivates the Uber for Handyman to ensure satisfaction
Scales easily as user base and bookings grow
Why it works: This approach is scalable, performance-based, and provides consistent revenue while driving service providers to be active and offer high-quality work to attract new bookings.
Offering subscription alternatives (monthly/yearly) to both customers and service providers can generate steady revenue and increase user happiness.
Customers enjoy benefits such as discounts, faster bookings, and priority assistance, while service providers earn more visibility, more job possibilities, and access to expansion resources.
The software automates payments, renewals, and access to premium features, providing a hands-free experience.
How it benefits:
Encourages long-term user retention
Providers to scale their exposure and user base
Increase app usage and loyalty
Why it works: This prioritizes subscribed users by connecting them with verified and highly-rated handyman providers. It influences other users to subscribe to the Uber for Handyman app to access its premium features.
If your app acquires popularity and traffic, advertising can be a lucrative revenue-making method.
In-app advertising enables Uber for Handyman to earn extra money by showing third-party business or relevant service ads.
The ads can appear as banners, pop-ups, or video ads in the app, targeting users according to their activity and interests.
How it benefits:
Tailor to user behaviour for better effectiveness
Promote relevant tools or services to users
Earn revenue without disrupting core services
Why it works: With frequent user engagement, ads gain visibility and higher click-through rates, making the app appealing to advertisers.
Similar to sponsored listings on online shopping platforms, handyman apps like Uber can provide professionals with the opportunity to promote their profiles as the top search results for a fee.
The service listings usually come with badges such as "Top Rated" or "Verified," which lend credibility.
How it benefits:
Professionals gain more visibility
Increase revenue by faster bookings
Connect with trusted experts quickly
Why it works: Consumers are more inclined to select professionals who show up first and seem reliable.
While flexibility is great for users, last-minute cancellations can cause losses for both service providers and the platform. Introducing a cancellation fee helps alleviate this issue.
Users can cancel the requested service and must provide the cancellation reason to the admin. The Handyman app-like Uber, charges a certain amount from them, depending on its policy.
How it benefits:
Pays service providers for time lost
Saves users from losing credit
Increases app credibility and stability
Why it works:
Even a small cancellation fee can significantly decrease no-shows, keeping your app efficient and equitable for professionals who value their time.
Include a video consultation feature in the Uber for handyman that lets customers schedule virtual meetings for minor issues, doubts, or second opinions.
For example, a consumer may ask guidance on whether a repair is do-it-yourself or requires expert care.
How it benefits:
Opens up new service categories.
Improves interaction with service providers.
Monetizes expert advice even before task completion.
Why it works: Users value fast and affordable guidance. Professionals are compensated for their time, even if no physical services are required immediately.
Surge pricing is a dynamic pricing method that alters prices in response to real-time demand.
When there is a significant demand for handyman services on weekends, vacations, and emergencies, the app will automatically raise the fees to meet that need.
How it benefits:
The platform earns more revenue at busy times.
Improve client happiness through faster service.
Incentivize providers for peak hours to boost their earnings.
Why it works: Today’s people are ready to pay a premium for urgency. Surge pricing in handyman apps like Uber is determined by user needs in a certain location.
Add referral incentives in the handyman app like Uber consumers and service providers receive credit for introducing others.
These credits can be redeemed for service costs or subscriptions, but they also serve as a hook for upselling premium services.
Provide loyalty incentives such as discounted tools, priority bookings, or free profile enhancements after a specified number of completed tasks.
How it benefits:
Retains users and professionals.
Offers more upselling opportunities.
Promotes organic growth of the Uber-like handyman app.
Why it works: Rewarding users in this way can greatly increase their engagement. It drives your revenue strategy more beneficially when linked to the Handyman features.
Rather than charging per booking, enable professionals to earn job leads. For instance, a homeowner lists a plumbing job, and interested plumbers pay a small amount to see full details and contact the customer.
How it benefits:
Earns revenue even if the job isn't completed.
It offers service providers flexibility in selecting tasks.
Decrease the app dependency on only completed transactions.
Why it works:
It is a pay-to-play approach where experts invest in the leads if they find them promising. With transparency and fair pricing, this can be extended successfully.
The freemium model enables service providers and users to have free access to basic functionality while it charges for advanced tools.
Service providers are allowed to take jobs using the Uber for Handyman for free. But, they must upgrade to a premium plan to unlock analytics, top search, or lowered commission rates.
How it benefits:
Draws in more users by reducing entry points
Influences upgrades as the professionals advance
Establishes trust before payment is requested
Why it works:
By delivering actual value for free, the freemium method allows users to see the potential of the platform. This encourages them to become paying customers once they've experienced the benefits.
Hope this blog delves more crucial information..
Start your own home service business with an on-demand app like Uber. Then, monetize the app by following the above revenue-generating methods.
Begin with two main methods, such as commissions and subscriptions, and then progressively add others based on your user feedback and growth.
The Uber for handyman is a more flexible solution; you can adopt your revenue strategy as your business grows.
