Develop A Oyo Clone With A Foolproof Revenue Stream And Scale Your Business
Everybody loves vacation. And to make it even more desirable, apps like Oyo are offering accessible methods to book a room in seconds. This advancement in technology changed the dynamics of the hospitality industry. What more, it has grown so much, so investing in an Oyo clone is a bold business move.
Oyo has registered a revenue of over $951 million. This has been made possible by the varied revenue flow that this app offers. This foolproof method is sure to augment your hotel business and even give entrepreneurs and start-ups a good boost to kickstart a business. The revenue streams include
As you launch your Oyo Clone, hotels and resorts will get themselves registered on your platform. From there, for any room booking or transaction that happens on your Oyo Clone, you will receive a commission fee. This amount can be determined by you, as the app owner. This is a guaranteed and steady flow of revenue that is sure to set your business up.
Hotels will have to register themselves before they list their services on your lively Oyo Clone. For this registration, they’ll have to pay an amount of money. By registering on your favourable platform, they are sure to witness increasing customer engagement.
This age old method of money making is a sure-fire way to ensure constant revenue. Third party companies or hotels already using your app can advertise their services on your platform. They can pay an amount to display their ads as banners or pop ups on your Oyo Clone. These ads can be placed strategically in certain areas to give the maximum exposure. As the traffic to your Oyo Clone increases with growing popularity, the fee amount can be revised.
Hotels, room owners and agents will be able to list their services as the top result when users search for rooms. This increases the chance of users picking a particular hotel or room. To get on the priority list of your Oyo clone, a fee can be collected from these hotel owners and businesses.
So, as you go about developing your Oyo Clone to make it the best in the industry, make sure you integrate their revenue streams in your app to set you apart from all the competitors.
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