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How to Kickstart Your Online Food Delivery business?
What is Online food ordering?
Online food ordering is the process of ordering food online through an app or website. This approach consists of a customer choosing the restaurant of their choice, scanning the menu items, choosing an item, and finally confirm for delivery.
What is food delivery?
Food delivery is a courier service in which an independent food delivery company delivers food to a customer.
Now we can clearly understand the concept behind the Online food delivery business, that is an Independent Food ordering company delivers the food ordered by the customer form the restaurant in which they ordered. The restaurants are grouped in the app or website of that food ordering company. This innovative thinking made this business a trend Setting one.
Have you ever wondered where the food delivery service started?
The first food delivery service was for Naengmyeon(cold noodle) in Korea, recorded in 1768. Hyojonggaeng(hangover soup) was also delivered for the yangban in the 1800s.
According to the Swiss investment bank, UBS' June 2018 report, online food delivery market will grow to US$365 billion globally by the time. This is possible because presently many youngsters are now starting their own business. By knowing the importance of the Internet they also connect their business with internet.
As of 2017 source of Information, the world’s unemployment rate is 7.9%. Unemployment is a major social issue across the world. This is because of the lack of Entrepreneurs. When the number of Entrepreneurs increase, gradually the unemployment rate will decrease. The Entrepreneurs need to find their business which is in trend and on-demand. And most importantly they need to find the right platform.
After 2010 the online food delivery business has slowly gained its ground and reached its peak. Starting a business in the food industry is a fascinating idea as food is essential for living. There are no haters for food. We all love food. So starting a business in this industry will never go down.
"There is no sincerer love than the love of food." -George Bernard Shaw
Who will sustain in this competitive world? Let me tell the exact answer. Those who have a uniqueness in their business will sustain. This is the right time to start an online food ordering business because the number of competitors is less.
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Uber Eats has experienced massive growth since its inception. In the last quarter of 2018, the company saw $2.6 billion in gross bookings. Uber Eats doubled its sales and nearly matched Grubhub's dollar-for-dollar growth between August 2017 and February 2018
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