Business models for a pharmacy delivery app

Medicine delivery companies mostly use two business models to run their businesses and generate revenue. Before you start with medicine delivery app development, you need to first decide on the business model that will suit your business.

Take a look at two main business models and learn how they differ:

  • 1st Business Model

This business model is suitable for big pharmacies that store a lot of medications. Such companies can create a medicine delivery app for their own business and expand from offline to the online world. The main advantage of such a business approach is high brand recognition. Still, this business model requires having a huge inventory of drugs that you can offer.

  • 2nd Business Model

The second business model implies acting like an intermediary between customers and medicine suppliers. Such prescription delivery apps serve as order aggregation systems and deliver drugs from third-party pharmacies.

This business model doesn’t require the creators of such apps to store any drugs. They are only responsible for taking, processing, and sending orders to pharmaceutical delivery drivers.

Depending on the type of business, you will need to choose one of the available business models before you start with medicine delivery app development. This way, you will be able to better organize the development process, come up with the best feature set, and find a vendor with relevant experience.

Monetization strategies for a medicine delivery app

The main goal of creating a prescription delivery app is the business advantage, the possibility of reaching a wider audience and increasing sales.

How can you make money with a pharmacy delivery app?

There are a few approaches to monetization of drug delivery app that you can utilize to turn on-demand medicine delivery into a profitable business:

  • Fees — if you allow third-party vendors to sell products on your platform, you can make money by taking some fee for each product sold or for revenue.
  • Subscriptions — this is another monetization strategy that can bring significant revenue. Customers who pay for subscriptions can be offered free delivery or discount on medicine.
  • Advertisements — another popular approach that can turn an online pharmacy delivery into a strong revenue stream is to place ads inside your application. You can promote medicine, other pharmacies or products offered by third-party medical vendors.
  • Built-in promotion features — this strategy is suitable for medicine delivery apps that act as marketplaces for third-party vendors. You can allow them to promote their own businesses inside your application and get money for placing their companies in the recommended section, for showing medicine at the first position in search results, etc.

Depending on the business model, one or a combination of a few monetization strategies can be utilized. You need to understand which ones you will choose before you start medicine delivery app development since making drastic changes in the middle of the development process might be costly.

Want to know How to Start with Medicine Delivery App Development?

--

--

--

You’ve got vision and goals. We’ve got expertise and a solid process. Let’s work together and bring them to life. https://addevice.io/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to Grow A Business…

RAPPER VIC MENSA JOINS SPORTS AUDIO APP COLORCAST AS ADVISOR

Durians Daily #57: iPrice is riding pandemic-driven buying trends; Improving the delivery…

The consequences of inappropriate remarks

Why Video Marketing Is Important For Your Business During This Lockdown

Scale-up Leadership Lessons I’ve Learned Over 9 Years as HubSpot’s CEO

Lets Buy less and Rent more

Why 65-Year-Old Benesse Invested $50M to Lifelong Learning Platform Udemy?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Addevice

Addevice

You’ve got vision and goals. We’ve got expertise and a solid process. Let’s work together and bring them to life. https://addevice.io/

More from Medium

How will 5G affect the mobile app development industry?

Mobile Apps & Various Technologies Transforming The Education System

Mobile App Development

Building a Fintech product or an E-commerce store & figuring out the payment gateway APIs Stripe…

10 Most Successful MarTech Startups of 2021 in Europe