We all know the internet is always changing. It's become so advanced that it can do things that even humans can do, which is something we hear about a lot these days. The term "AI" is a big deal, talked about by everyone from kids to the biggest tech companies.
But how does artificial intelligence connect to the food delivery business? Well, as the internet keeps changing, experts in delivery businesses use it for things like making it easy to search by voice, creating flexible ways to make money, and giving customers the best experience.
They say you can't get results without putting in the effort. In this article, we'll look at how an UberEats clone, powered by AI, affects the money it brings in for the food delivery business.
UberEats’ Updated AI-Powered Features
For better business, better assistance is needed. UberEats found their best assistant in Artificial intelligence. Let’s see how it works in the UberEats clone!
AI-Aided Virtual Assistant
An AI-aided virtual assistant helps fetch the best results for users based on their past searches and personal preferences. It can perform different tasks, including helping users find restaurants, placing orders, tracking deliveries, managing customer inquiries, and providing customized experiences. In a simple term, an AI element learns the user's activities and responses according to it.
AI-Driven Personalized Engine
The foremost important thing for a business is satisfying the users. AI-driven personalized engines help you to provide a personalized experience, by reading users’ previous experiences on the platform. Based on past preferences, it shows relevant restaurants, dishes, and deals according to an individual user on the platform. By providing what users expect, you can build a solid user base.
AI-Centric Dynamic Pricing
AI-centric dynamic pricing alters your pricing structure based on the occasion, market growth, weather, competitor price, location and more to stand at the top of the line. The tool allows you to change the pricing in real time, keeping your business competitive and increasing the scale of revenue. For instance, if a particular region is facing a rainstorm, the pricing changes for it.
As we are seeing revenue, we must look at them in detail. Let’s dive in!
The Revenue Stream Of UberEats Clone
I mentioned the benefits of UberEats. This is what I mean there. Yes! Their major advancement will be generating revenue. Let’s look at their strategies!
Commission Fees
The commission fee is the major source of income for the platform. Restaurants pay an amount to the platform for parting their platform for their business. The commission fee changes around 15-30% of the order value.
Delivery Fees
The platform takes an amount from the delivery fees and it is shared between the platform and the delivery provider. This fee can change based on distance, time of day, and demand.
Advertising
Advertisement fees are like bonus revenue. Allowing third parties to advertise their business on your platform, you can earn through it. This win-win investment helps you grow your platform.
and more.......
Wrapping Up,
Now is the moment to embrace AI advancements. If you're curious about integrating them into your business, explore my other blog posts on the UberEats clone app for detailed guidance on implementation strategies.
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