This is a common phenomenon across the globe, that if a buyer wants to purchase any product they want to hit less on their pocket. Everyone wants to buy the best possible product within their budget.
But, having so many products of the same category makes it difficult for buyers to decide which product they should buy and which they can avoid.
To solve this universal problem of buyers across the globe, mobile app development companies have built price comparison mobile applications.
The price comparison mobile apps allow buyers to make comparisons between two similar products on the basis of price, features, quality, etc. There are many apps that initiate comparison through barcode scanner while in many other comparisons mobile apps users have to enter the details of a product manually and initiate the comparison.
This kind of app by the price comparison mobile app development companies proves pocket friendly for the buyers around the world.
The world is getting highly competitive each day, and to survive in this cut-throat competition, many businesses have recognized the opportunity, which lies in building price comparison mobile apps.
If you are a mobile app development company and want to build a robust price comparison mobile app then do read this blog till the end.
We will discuss all the aspects of price comparison mobile app development such as the features, different kinds of panels, cost to develop price comparison mobile apps, factors affecting development cost, etc.
Interesting Facts About Price Comparison
The price comparison mobile apps have paved the path for buyers to make purchase decisions wisely and articulately.
The users of the price comparison app have to enter the name of the product, and the app will churn out the list of products or similar products from which users can choose the product as per their preferences.
Here are some interesting facts about the price comparison. It will tell you how price comparison mobile apps motivate buyers’ buying decisions.
- According to a study, 81% of shoppers do online research before making a purchase decision.
- More than 60% of shoppers read products’ reviews.
- More than 50% of shoppers are interested in learning about the price of a product.
- Most buyers start their search on a search engine.
- On an average consumers visit at least 3 online stores before making a purchase decision.
Price Comparison Mobile Apps – The Major Players
Comparing the price of a product is a time-consuming and daunting task because there are lots of brands available who are dealing with the same product, and each player flaunts itself the best.
Price comparison mobile apps prove a blessing in such situations. Below are mentioned the names of price comparison mobile apps which shoppers are using across the globe.
- Available for Android and iOS
- Give recommendations on your favorite places to shop.
- Give cashback offers if the purchase is done via app.
- Available for Android and iOS
- Search for items and their availability in-store or online.
- Learn about sales at major stores.
- Available for Android and iOS
- Compares prices at national & local outlets
- UPC barcode scanner to ensure the lowest price
- It makes perfect gift recommendations.
- Available for both Android and iOS
- Compare prices online & locally
- Offer real-life user reviews
- Allows social sharing
- Available for Android and iOS
- App tracks the price of an item & alerts you when the price reaches the amount you wish to pay.
- Supports voice search.
- Available for both Android & iOS
- Have barcode scanner, which gives price comparisons across major shopping sites
- It offers daily deals for major retailers
Different Panels and Their Requisites for a Strong Price Comparison App Development
Dashboard – Through this admin panel feature the admin of the app can check all the orders along with their status. One can also find all other related details such as shipping and cost structures.
User Management – The users who are registered with the app & enjoying the services, those users are stored as well as tracked by the admin.
Product Management – The admin of the application can manage all the products which are shown on the applications along with their prices.
Service Module – Admin can track all the services which are being delivered through the app such as product listing, offers, shipping details, notifications, rates, and much more.
Notification Module – The notification such as order confirmation, order deliveries, etc. can be managed through notification mobile of price comparison apps.
Report Generation – The admins through this feature can handle all the reports and related issues.
Manage Earnings – The excellent income monitoring module will let the admin of the app to track and monitor earnings which are generated by the in-app purchases, subscription packages, etc.
Sign-up/Login – You must include this basic section of the app. It allows users to sign-in with their social network or email account credential.
Social Media – Users not only can share their shopping experience but also showcase the items which they have purchased from the app.
Account Verification – It is one of the most crucial parts of the app. It will verify the authenticity of the users by sending a verification code to users’ registered mail id or registered phone number.
Browse Items – This feature will allow users to browse products as per their choice. Users can also classify the required product as per the different categories and price which are shown on different eCommerce platforms.
View Product Listing – With the help of this feature, users can check all the associated product lists. Users can check prices, and analyze the products easily.
Product Detailing – Users can fetch the product details which are available on different websites or portals. It will help users to buy the best product at the best rate possible.
Saving Products – This feature lets users save their desired products and they can view the details later, and initiate the purchase process accordingly.
Select Desired Products – With the help of this feature, users can select the desired products, and they can order them at the displayed price structure. In this way users can save their money and they can rest assured of the best quality products at the most reasonable price.
Order History – Users of price comparison apps can view their order history easily along with all the related info such as billing detail, price, etc.
Bulk Edits and Uploads – The retailer can edit in the product description, images, etc. and re-share them in the bulk.
Product Feeds Submission – Through this feature, a retailer will be able to upload the list of products in the apps. Then the admin will review it, and approve it on the portal.
Order Tracking – The retailers can track all the orders generated for their products. They can also make special provisions to meet the delivery of clients.
Select the file submission format: Retailers have the authority of selecting the format in which they want to deliver the product list to the admin.
The Core Features For The Best Price Comparison App Development
Push Notification – The on-demand price comparison app, which is equipped with a push notification feature, always gets a competitive edge.
Video and Graphics Description – It is the most important feature of a price comparison app that allows users to showcase all the products and services under promotional videos and graphics.
Reviews – For a price comparison app, it is very crucial to publish accurate information of products for the users. Clear reviews and ratings will make your app more trustworthy.
In-App Communication – It would be a great experience for users if they are allowed to communicate with admin for any query or inquiry.
Trending Products – It would be beneficial for your price comparison app to show the users all the products which are currently trending according to their previous searches.
Here are some more advanced features which you should include in your price comparison app –
- Social media integration
- Scan and compare
- Get dealer details
- Latest technology stack
- UX/UI design
- Location tracking features
- Cloud integration
- Real-time analytics
- SMS, Voice, and Phone Verification
Factors That Affect the Development Cost of The Price Comparison App
There are multiple platforms available that will affect the cost of the development of your mobile app. It happens because each platform supports a specific programming language for e.g. iOS use Objective-C, Swift, etc. whereas Windows uses C#, and Android uses the Java programming language.
More the customization of an app, the more will be the development cost. Customization could be animations, screens, interaction elements, navigation, etc.
Number of Screens
If you want your app to have more screens, the development cost will be more. The more screens you want to include, the more time it will take for development, thus, more cost.
An application with simple and user-friendly functionalities will lessen the development cost. The cost of development increases with the number of complexities that come in the app.
The offline support in an app can be time-consuming. It will definitely affect the cost of development.
The Team Members Required for Building A Price Comparison Application
A high-quality price comparison app requires a strong and well-experienced team of professionals. The following are the major team member you require for price comparison app development–
- UX specialist for wireframing.
- A designer who can craft the right graphics, icons, themes, etc.
- Expert programmer with experience of working on iOS, Android, Hybrid, etc. platforms.
- A Back-end and APIs programmer & expert.
- Quality assurance team.
The Price Estimation for Developing A Price Comparison Mobile Application
It is the time that we should discuss the most important and the most awaited part of this post, which is the cost of developing a price comparison mobile app.
For the Android platform, it will take around 100 to 300 hours of development, whereas, for the iOS platform, it will take around 350 hours. In the US, the companies charge from $70 to $100 per hour, whereas if we talk about India, the charge of app development is around $20.
Overall the cost of development will be around $8000 to $20,000. The price will go up and down according to the factors discussed above and as per your requirements.