App development Service

WHAT WILL BE THE COST OF DEVELOPING AN E-COMMERCE MARKETPLACE APP LIKE AMAZON?

Mobile App development company in Dubai

RISE OF E-COMMERCE

The technology landscape has changed dramatically in the last decade or so. This phenomenon became even more pronounced with the advent of the internet and smartphones. One major effect of this change is that now so many people don’t want to go to the market and physical stores to buy their products and essential things as they now prefer to buy things online from leading eCommerce stores like Amazon.

Amazon and other eCommerce stores were able to adapt to this new phenomenon and offered a highly user-friendly and excellent user experience to customers when buying stuff from their e-commerce stores.

The new trend resulted in the tremendous demand for the creation of online apps or eCommerce stores as different retailers and start-ups are considering creating their own eCommerce store like Amazon. The USA, India, the UAE, and Eastern Europe are the hot destinations for the best App Development Companies and if you live in the UAE then you can obviously find a list of suitable App Development Companies in Dubai from which you can select the best company for you after proper research.

But let’s test some figures before we go any further.

Mobile App development company in Dubai

This graph shows that global e-commerce retail sales will hit $4.9 trillion by 2021 which was approximately $2.9 trillion in 2018. No company would want to miss the bus with this huge opportunity in the eCommerce industry. Dubai-based e-commerce companies are particularly keen to exploit this e-commerce market boom by offering app development services to businesses looking to develop eStores online.

It is clear that more and more people now want to buy things from eCommerce stores by sitting at the comfort of their homes or offices and they can even order them using their smartphones while they’re on the move.

Now let’s get to the next thing that’s online marketplace use.

RISING ONLINE E-COMMERCE MARKETPLACE APP DEMAND

An online marketplace is actually a website or an app which facilitates shopping from many different sources. The marketplace owner does not need to handle inventory because their online marketplace app or website can show inventory of other individuals or sellers and it will be available to users who can make purchases on it. Amazon and eBay are the best example of an online marketplace, offering almost everything to all of its customers.

To guide you in designing your eCommerce marketplace app, I’ll discuss the essential features of an eCommerce marketplace app such as Amazon or eBay and tell you about the total cost of developing these apps here. Obviously you need high quality Recruiting Ecommerce developers to do this job for you.

First, you need to realize that both the eCommerce app and the Ecommerce Marketplace app are different stuff. The e-commerce app is an online shopping store with a single seller, whereas the eCommerce marketplace app is a forum for retailers and multi-vendors. Therefore, the costs of developing Ecommerce apps and developing e-commerce marketplace apps are also distinct, as they have different features and functionalities.

Let’s find out in this article how much it would cost to develop a marketplace app like Amazon or eBay? As we have said, the cost of developing a marketplace app depends on the features and functionality that you need in the application.

LET’S NOW DISCUSS OF A MARKETPLACE APP LIKE AMAZON OR EBAY FEATURES
SMOOTH AND EASY REGISTRATION PROCESS

It is a hindrance to fill in the registration form and so many potential customers abandon the app just because they don’t want to fill out the form. Therefore, social media must be incorporated into your marketplace app and there is little or no need to insert lots of personal data into the applicable registration form. Customers should be able to log in through any of their social media accounts and gather all of their information from that site.

Research says that 77 percent of total customers prefer to sign in via social media and 60 percent happily use social login options in their mobile phones. Facebook and Google are the most popular sites to sign on using social media. The main purpose here is to create a marketplace app where it is very simple and quick to register.

PUSH NOTIFICATIONS

This is one of the most essential features to add to a marketplace app. Push Notifications are the perfect way to send the customers updates and alerts about so many items such as deals, discounts, sales, promotions, etc. If the owner of the app sends the correct message at the right time, it will certainly bring more consumers and higher sales to the eCommerce marketplace.

Research says the click rate by push notification is 7 times higher than that by email marketing and the customer's retention rate is also 93 percent for push notifications.

Android has over 80 percent of the smartphone market share. Android phone users are quite used to and like push alerts of this kind on their smartphones. For more details, you may discuss how to integrate this functionality into your app with your Android App Development Company.

MULTIPLE PAYMENT OPTIONS

When you decide to build a website such as Amazon or eBay then you should be prepared to receive consumer visits from different parts of the world. Therefore, you should provide multiple payment gateways that are built into your marketplace app to make transactions from your app easier for your potential customers.

Payment options such as credit/debit cards, PayPal, Amazon Pay, and other mobile payment applications should be provided. This will help keep your customers happy with your various payment options service within your app.

FEATURE OF ADD TO CART

Generally speaking, people buy a lot of online products or services like Amazon or eBay at the same time. Yet sometimes they need to stop the process of looking because they had to do some other work and after some time they want to go back from where they left.

The functionality of’ Add to Cart’ is therefore very useful as it gives users comfort and convenience and allows them to save the items they wish to purchase in the cart and to do the final purchase process later in the near future.

RATINGS AND REVIEWS

Before purchasing something, any item or product from the online marketplace app like Amazon or eBay, most people or consumers check the product ratings and reviews provided by customers about their first-hand experience using the product after purchase.

Hence, ratings and reviews of all the items listed for sale on the online marketplace app are almost compulsory nowadays. This will build trust in your website or app online marketplace and will help your consumers make informed choices when purchasing their products. Approximately 95% of customers read the reviews before purchasing any product from the online marketplace app according to an estimate.

SUPPORT FOR MULTIPLE LANGUAGES

If your goal is to popularize your online marketplace app like Amazon or eBay, you’ll need to launch your product worldwide so it can get customers from around the world. But this will allow you to develop the app in such a way that it supports multiple languages as there are many countries or regions around the world, people who prefer shopping with their own language through the app.

therefore, if you really want to meet clients around the world then adding support for multiple languages to your online marketplace app is important.

SEARCH BOX FOR SEARCHING THE PRODUCTS

If your online marketplace app is huge and has thousands of products and items (remember that many online marketplaces have millions of eStore products), then it’s almost necessary to have a search box feature in your app that helps customers find their favorite items in very little time.

This ensures that consumers who like your shop and are searching for a specific product should be able to find that in your eStore without having to navigate much of your eStore, using just a few letters in the search box of the name of that product.

BEST OFFERS AND DEALS OF THE DAY

There are many festivals where more customers are looking to purchase goods and put more orders online. Therefore, you have to look after that. Often, many customers are looking for the best sales, discounted items, and day products deals, so when buyers reach your app, these offers must be shown instantly so they don’t have to make any extra effort to find the best deals and offers on your online marketplace app.

You can also connect to your buyers ‘ marketplace app the new attractions, trending items and customized recommended products right on the home page.

FINAL COST OF DEVELOPING AN E-COMMERCE MARKETPLACE APP LIKE AMAZON & EBAY

The cost of developing your online marketplace app, as we have just discussed with you, will depend on the features and functions you choose to integrate into your app. Online marketplace development involves well-coordinated efforts by so many professionals, consultants, and specialists, such as business analysts, project managers, UI / UX designers, front-end and back-end developers, layout experts, testers, and quality assurance technicians.

It will normally take about 1000–1200 hours to create a website with the basic set of features and functions we discussed above and it may take about 3 months to develop a website of this kind. Assuming the average growth rate of $25/hr per hour, the cost of developing a basic functional online marketplace web app would be about $25,000 –$30,000.

When you decide to add more complex features or functionalities to the base site, then you need to spend a little more money and the production cost of the software may be around $50,000.

The cost of developing an eCommerce marketplace app for one device, either Android or iOS, will be about $10,000, meaning the development of an app for each platform will take about 400 hours. The cost can vary depending on the application’s functionality and complexity.

CONCLUSION
We’ve already mentioned what an eCommerce marketplace app is, what are its main features and the estimated cost of developing eCommerce marketplace websites and mobile apps. If you set the target to your site, you’ll certainly hit. Note that in UAE you can easily find good App developers. Therefore, if you really want to take the plunge and start your own e-commerce marketplace app then first you need to check for Dubai’s Mobile App Development Companies which offers the best quality services.

For example, if you only want to build a mobile app based on Android, you can contact and hire top companies offering Dubai’s Android App Development. Apart from Dubai, India is also the best place to look for the app development company you need, whether you want to create an Android app or an iOS app or a cross-platform application.

Looking for the best Mobile App Development Company in Dubai? BrillMindz Technologies was formed in 2011 and has a well-experienced and knowledgeable team that develops innovative, cost-effective solutions for customers around the world. By losing time or price, we believe in providing services.

Brill Mindz is considered one of the most successful Web & Mobile App Development Company in Dubai. This specialist organization is closely designed to provide more outcomes and solutions for a range of businesses, facing problems in the fields of information and technology, as mobile apps were developed in every industry.

We help our clients recognize the risks and opportunities that are solving short-term problems and building long-term value.

Contact us:-

link:- Mobile App development company in Dubai

ph:- +971 50 282 6592

email:- info@brillmindz.ae

Search This Blog