People are imperative — Or we can say, they want everything right away, in other words, it’s what called Instant Gratification, but is it affecting On-Demand Economy? What millennials really want?
In the fast and Instant world, technologies are playing an important role in our day to day life which also includes our economy, while you think about how it’s affecting your life let’s discuss more the topic.
What is Instant Gratification?
Dividing the words, Instant is quite descriptive itself and gratification is pleasure, especially when gained from the satisfaction of a desire collectively meaning “Instant pleasure”.
We were always taught to work hard for gratification or delayed gratification but “Millennials want everything now”.
How instant gratification and On-Demand economy-related?
The on-demand economy has brought many reforms in our lives. Cab booking, food delivery, house rentals – basically every industry has been transformed by the on-demand business model in one way or another. At its core, the on-demand economy is a business, service, or product built on letting users request a physical object, a piece of data, service and have that request fulfilled.
The main reason for On-Demand apps is Instant Gratification, people want everything right now and it is fulfilled by these apps with quite a good efficiency. Everything is there in your hand most of them on your mobile phone, just some taps and swipes, you’ll get what you want.
Effect of Technology
Technological growths are making this economy reach more and more people and with an increase in technology in developing countries like India this is taking new shapes, instant gratification is getting common within people, more new apps are introduced every day more and more things are getting closer to people through mobile apps. Do you want a Haircut? try Urban Clap.
Do you want to eat pizza? Try Zomato. Before people used to rely upon Websites but now you have apps, Before people used to use Computers or laptops but with advancements in technology applications in your mobile phone will give you whatever you want!
See also: Our guide to creating a food delivery platform like Zomato
Trends in On-Demand Economy
So, if we go for the facts then for 2017, around 299.24 million people are using smartphones in India and it’s increasing exponentially. Looking for the revenues generated by the On-Demand App companies, they are getting some really good amount of revenues, Ola and Uber generated Rs 533 cr and Rs 233 cr respectively. Online education providing companies are also getting spotlights in the market, taking the example of Byju’s which generated a revenue of Rs 530 cr. In the last few years, the market for such On-Demand apps has increased a lot.
With the giants making so many big investments and funding for the companies in this sector and with comparatively low prices these companies are quick on the trigger for bringing new things for the customers in every segment which can ease our lives.
Why are people attracted to the On-Demand economy?
The on-demand economy works upon these basic rules:
- Good products at low prices as the intermediate steps are removed.
- Fast delivery of Goods and Services.
- Better connectivity between suppliers and customers.
- Saves time of the customers as they get what they want simply sitting at home.
- Availability of a vast range of products in one place.
Conclusion
The new generation and facts concluded that the on-demand economy is not just the future; it’s like a superhero saving business and potential entrepreneurs.
As an entrepreneur, you always try to find more and more answers to the problems faced by their potential customers, right now it’s on-demand. It is very much time to adapt and integrate on-demand economy service with your business to generate new profits to save your business from getting outdated. Try it, cherish and grow with it.
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Up, up and away! Amazing pilot’s-eye view pictures show just what it’s like to be one of the Red Arrows
By ALEX MATTHEWS FOR MAILONLINE
Published: 19:28 GMT, 25 April 2017 | Updated: 19:49 GMT, 25 April 2017
© SAC Hannah Beevers ñ MoD/Bav Media
© SAC Hannah Beevers ñ MoD/Bav Media
Pictured: The iconic jets of the RAF’s Red Arrows fly in formation over Doncaster Sheffield Airport in East Yorkshire
Photos taken from cockpit of jet over skies of East Yorkshire
SAC Hannah Beevers captured images of various local landmarks
RAF Squadron renowned for daring displays with its nine red jets
© SAC Hannah Beevers ñ MoD/Bav Media
Pictured: Red Arrows fly over the Humber Bridge, near Kingston upon Hull, as the Squadron takes part in a training exercise
Incredible pilot’s-eye view pictures show what it is like to fly in the Red Arrows.
The photos where taken from the cockpit of the iconic jets as the squadron trained over the skies of East Yorkshire.
Team photographer SAC Hannah Beevers captured images from the backseat of Red 10’s jet – showing her comrades flying in formation.
The shots show the Squadron flying over York Minster, the Humber Bridge and Humberside Airport before heading back to their base at RAF Scampton in Lincolnshire.
The Squadron is renowned for daring displays and brought the whole formation together for the first time this season just three weeks ago.
The Red Arrows begin training for the forthcoming season almost as soon as the previous year has ended.
Preparation starts with small groups of three or four aircraft formations and the formations grow in aircraft number as training progresses.
© SAC Hannah Beevers ñ MoD/Bav Media
The Squadron, pictured passing over Humberside Airport, is renowned for its daring displays and brought the whole formation together for the first time this season just three weeks ago
© SAC Hannah Beevers ñ MoD/Bav Media
The Squadron flew over the Humber Bridge, and Humberside Airport before heading back to their base at RAF Scampton in Lincolnshire
© SAC Hannah Beevers ñ MoD/Bav Media
Red Arrows’ training – pictured, the Squadron passing over Humberside airport – starts with small groups of three or four aircraft formations and then the formations grow in aircraft number as preparation progresses
Doncaster Sheffield Robin Hood Airport
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