In the past couple of years, a significant rise in theonline food ordering market has attracted several entrepreneurs to start businessin this sector. As a result, the segment gets crowded leaving very less roomfor the small and medium-sized players. But, at the same time, the foodindustry has acquired a massive part in the ecommerce market. Needless to say,the online food industry is a pot of gold to invest in and what’s just neededis the right business idea.

In the following post, we will discuss several online food ordering business ideas that have huge market potential and are also different from the traditional one.

Online Restaurant Table Booking

Although the restaurant industry is growing in terms oftechnological advancements but the area that still requires a little bit ofwork is customer relationship management. Guestbook and reservation are stillmanaged manually which sometimes lead to the bad customer experience.

With the online restaurant table booking platform, people can make an online table reservation at their favorite restaurant without any hassle. A website owner can make money by cutting commission on each booking, banner ads, and on-site promotion.

Example: Bookatable

Multi-Restaurant Food Delivery Marketplace

This is one of the most popular business models in the online food delivery industry. There was a time when you had to call a restaurant for delivering the food at your home or office. But now, we can order food from sites like Zomato, UberEats, with just a few clicks.

Business Model of Multi-Restaurant Food Delivery Business:

  • Customers explore the portal for cuisines & listed restaurants
  • Customers place the order along with delivery details & make payment
  • Marketplace owner cuts commission & routes orders to the restaurant for delivery
  • The order is delivered by the restaurant or marketplace admin

However, competition is huge in this business model. You have to take care of certain things while investing in this business model.

Learn here: how to start a food delivery marketplace like Zomato, GrubHub, UberEats, at a minimum investment?

Online Catering Service

From small intimate affairs to large events, cateringservice not only provides food and beverage but also linens, tableware, andservice personnel. To meet the ever-increasing demand, the catering industry isnow expanding its horizons online. Unlike other sectors, the online cateringindustry is highly fragmented, meaning there is no company that is dominatingthis market which makes it more appealing for entrepreneurs.

Different caterers register themselves on the onlinecatering website. When a customer needs a caterer for marriage function or aget-together, he visits the website and chooses the one that suits hisrequirements.  Website owner makes aprofit through various channels like subscription, commission, etc.

Also, a catering company can open its own website toincrease the reach or expand its customer base.

Example: CateringCompany

Online Bakery Business

A large number of people are looking to turn theirleisure-time hobby like baking cakes, cookies, etc, into a flourishingbusiness. But starting a brick and mortar bakery store can be a costly affair asone’s have to hire staff .

On the other hand, aspiring bakers can start their online bakery business from home. They just need baking equipment and a website to operate.

Business Model of Online Bakery Business

  • Customer registers himself on the website.
  • He selects the flavor and the variety of cakeneeded for the occasion.
  • He can also add/remove any ingredient if hewants.
  • After all formalities of payment, the cake isdelivered on the given address.

Example: Cupcake Royale

Must Read:Online Food Ordering Marketplace: What Makes It a Good Business Idea & Future Opportunities

Online Frozen Food Ordering Service

According to the Allied Market Research, the global frozenfood market is expected to accumulate $306 billion by 2020. The growth wouldprimarily be driven by the growing demand and consumption of frozen food acrossthe European, Middle-East, and Asian countries. However, there are very fewonline frozen-food ordering websites which make the sector still an unexploredone.

Online Frozen Food Market (Products)

  • Frozen Sea Food
  • Frozen Potatoes
  • Frozen Meat & Poultry
  • Frozen Vegetables and Soups
  • Frozen Ready Meals

With frozen foods, a restaurant can also list special dietssuch as diabetic, low fat, low calorie, low salt, nut free, free from onion,egg free, etc.

Example: Cook

Online Food Ordering Business for Senior Citizens

We all know that there are lots of challenges for seniorcitizens regarding meal planning and preparation. The situation gets worse whenthey are sick or disabled. To solve their problem, many entrepreneurs startedonline food ordering websites for senior citizens. These kinds of platformprovide a healthy diet to senior citizens on just one click. This business isspouting and has a lot of potential for aspiring entrepreneurs.

Example: SilverCuisine

Conclusion

All the above-discussed food delivery business ideas have a huge scope to grow as the competition is negligible and the demand is all time high. Whatever business model you opt for, creating a website from scratch will require a lot of investment of time and other resources. You can rather go for a readymade solution as it can be scaled to any extent and easily managed. One such online food ordering platform is YoYumm which can be customized to any of the above mentioned marketplace model.

For more information, you can view the demo: http://demo.yoyumm.com/

Originally published at here: https://tweakyourbiz.com/business/online-marketing/online-food-business