{"id":1518,"date":"2020-11-12T21:20:35","date_gmt":"2020-11-12T15:50:35","guid":{"rendered":"https:\/\/www.fexle.com\/blogs\/?p=1518"},"modified":"2020-11-12T21:20:39","modified_gmt":"2020-11-12T15:50:39","slug":"how-to-create-a-marketplace-mobile-app-cost-key-features","status":"publish","type":"post","link":"https:\/\/www.fexle.com\/blogs\/how-to-create-a-marketplace-mobile-app-cost-key-features\/","title":{"rendered":"How To Create A Marketplace Mobile App: Cost &#038; Key Features"},"content":{"rendered":"\n<p>The online shopping trending is skyrocketing. People from across the globe prefer to buy their desired products or services at their doorsteps. According to a report by\u00a0<a href=\"https:\/\/www.statista.com\/statistics\/379046\/worldwide-retail-e-commerce-sales\/\">Statista<\/a>, e-commerce sales are expected to reach 4.2 trillion US dollars by the end of 2020. It will definitely bring opportunities for <a href=\"https:\/\/www.fexle.com\/ecommerce-development-company\">eCommerce app development<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"624\" height=\"495\" src=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-place-app.png\" alt=\"marketplace app market stacks\" class=\"wp-image-1520\" srcset=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-place-app.png 624w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-place-app-300x238.png 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/figure>\n\n\n\n<p>The increasing trend suggests that the sales number will increase to\n6.5 trillion US dollars by the year 2023 as shown in the image above.<\/p>\n\n\n\n<p>The increasing trend of online shopping clearly suggests the importance of having marketplace mobile applications. And it is high time you should go for <a href=\"https:\/\/www.fexle.com\/mobile-app-development-company?utm_source=Giri&amp;utm_medium=blog&amp;utm_campaign=blog%20link&amp;utm_term=Giri\">marketplace mobile app development<\/a>.<\/p>\n\n\n\n<p>There are several biggies like Uber, eBay, Amazon, etc. who are\nleveraging the marketplace apps like anything and enjoying the multi-billion\ndollars of turnover each year.<\/p>\n\n\n\n<p>UrbanClap is one of the prominent names in marketplace mobile\napplications, which was started in 2014, and in a short span, its turnover\nreached USD $17 million by the end of 2019. Analysts suggest that its revenue\nwill triple itself in the coming year.<\/p>\n\n\n\n<p>Just like the e-commerce apps, the online marketplace mobile apps also\nfacilitate consumers and sellers to buy and sell their products &amp; services\nas per their convenience.<\/p>\n\n\n\n<h3><strong>Different Types\nof Marketplace Mobile Apps<\/strong><\/h3>\n\n\n\n<p>There are around 7.8 billion people in the world in 2020, and you will\nbe shocked to know that just over a quarter of this figure, that is,&nbsp;<a href=\"https:\/\/www.statista.com\/statistics\/251666\/number-of-digital-buyers-worldwide\/\">2.5\nbillion people<\/a>&nbsp;are digital buyers across the world. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"628\" height=\"326\" src=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/digital-buyers.png\" alt=\"digital buyers marketplace app development\n\" class=\"wp-image-1522\" srcset=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/digital-buyers.png 628w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/digital-buyers-300x156.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure>\n\n\n\n<p>The increasing number of online shoppers leads to a rise in the demand\nfor different kinds of marketplace mobile applications. If you want to hire a\nmobile app developer for your marketplace mobile apps, then first you have to\nbe clear on what, how, and to whom you are offering or selling your products.<\/p>\n\n\n\n<p>Let\u2019s pick each one by one. When we talk about&nbsp;<em>What&nbsp;<\/em>one should sell, then you can\nhave either of the two options to build marketplace mobile apps:<\/p>\n\n\n\n<p>1<strong>. Marketplace mobile apps for goods<\/strong> \u2013 The best example of such apps that first come to our mind include names like Amazon, eBay, Alibaba, AliExpress, and many more. Or you can go for:<\/p>\n\n\n\n<p>2. <strong>Marketplace mobile apps for services<\/strong> \u2013 Some of the popular names that offer services include names like Uber for taxis, Rover for dog walking, SimplySurfurs for surfing, Handy for house cleaning, etc.<\/p>\n\n\n\n<p>When we talk about&nbsp;<em>How,&nbsp;<\/em>we\nusually consider the vertical or horizontal marketplace.&nbsp;<\/p>\n\n\n\n<p>1.<strong> The Vertical Marketplace<\/strong> \u2013 The marketplace app based on a vertical platform allows consumers to purchase similar kinds of products or services from different sources. TrueFacet sells jewelry, UrbanSitter offers babysitting services.<\/p>\n\n\n\n<p>2. <strong>The Horizontal Marketplace<\/strong> \u2013 The best example of this kind of apps includes Etsy, which sells products from multiple categories but holds expertise in vintage &amp; handmade items. These types of apps have similar products and services with similar characteristics.<\/p>\n\n\n\n<p>Now comes the part where we talk about&nbsp;<em>Whom \u2013&nbsp;<\/em>here you have to consider the following this before\ngoing for marketplace mobile app development:<\/p>\n\n\n\n<ul><li><strong>B2B<\/strong> \u2013 If you as a business want to sell your product\/services to another business.<\/li><li><strong>B2C<\/strong> \u2013 If you as a business want to sell your products or services directly to customers.<\/li><li><strong>C2C<\/strong> \u2013 When consumers sell their goods\/services to other consumers directly.<\/li><\/ul>\n\n\n\n<p>Here are some more types of the online marketplace:<\/p>\n\n\n\n<ul><li>Buyer focused e-marketplace<\/li><li>Supplier focused e-marketplace<\/li><li>Independent e-marketplace<\/li><li>eCommerce target audience<\/li><\/ul>\n\n\n\n<h3><strong>Essential\nFeatures of Marketplace App Development<\/strong><\/h3>\n\n\n\n<p style=\"text-align:center\"><strong>Admin panel<\/strong><\/p>\n\n\n\n<p>This panel gives admin the overall control over the product inventory,\nprocedures, managing orders, clients\u2019 database, along with the categorization\nof items, managing reviews, approving selected products, and many other things.<\/p>\n\n\n\n<p>The must-have features of the admin panel include:<\/p>\n\n\n\n<ul><li>Real-time updates from a single dashboard<\/li><li>User management solutions<\/li><li>Options for charging a commission<\/li><li>Analytics and Reports<\/li><li>Stock visibility and management <\/li><li>Customer management<\/li><li>Invoicing Solutions<\/li><li>Itemizing by Category<\/li><li>Tax management<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"1024\" height=\"768\" src=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-app-1024x768.jpg\" alt=\"marketplace mobile app development company\n\" class=\"wp-image-1528\" srcset=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-app-1024x768.jpg 1024w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-app-300x225.jpg 300w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-app-768x576.jpg 768w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/11\/market-app.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p style=\"text-align:center\"><strong>Seller Panel<\/strong><\/p>\n\n\n\n<p>Following are the top seller panel features for marketplace mobile\napplications:<\/p>\n\n\n\n<ul><li>Social Connect and Sign-up Login<\/li><li>Display of vendor-specific store URLs<\/li><li>Order management solutions <\/li><li>Stock management<\/li><li>Offers, promotions and discounts<\/li><li>In-app chat system<\/li><li>Transaction management<\/li><li>Reports and analytics<\/li><\/ul>\n\n\n\n<p style=\"text-align:center\"><strong>Buyer Panel<\/strong><\/p>\n\n\n\n<ul><li>Bolster your marketplace mobile app\ndevelopment with strong buyer panel equipped with the following features:<\/li><li>Registration\/Authorization<\/li><li>Management of personal profile<\/li><li>Client support for connecting with\nsellers<\/li><li>Listings<\/li><li>Search engine for easy search<\/li><li>Shopping cart<\/li><li>Wishlist<\/li><li>Reviews and testimonials<\/li><li>Integrated payment functionality<\/li><li>Tracking of customer order<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.fexle.com\/contact-us?utm_source=Blog&amp;utm_medium=Giri&amp;utm_campaign=Giri&amp;utm_term=Giri%20Fexle\"><img loading=\"lazy\" width=\"1022\" height=\"136\" src=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile.jpg\" alt=\"mobile app development company\" class=\"wp-image-437\" srcset=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile.jpg 1022w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile-300x40.jpg 300w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile-768x102.jpg 768w\" sizes=\"(max-width: 1022px) 100vw, 1022px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>Advance Feature\nfor Marketplace Mobile Apps<\/strong><\/h3>\n\n\n\n<p><strong>Augmented Reality\n\u2013 <\/strong>Integrate your app with Augmented Reality technology. It will help\nconsumers to visually evaluate the goods and services before the final\npayment.&nbsp;<\/p>\n\n\n\n<p><strong>Behavior Tracking\n\u2013&nbsp;<\/strong>Through this feature, the admin can understand and analyze the\nbehavior of customers and offer them user-centric suggestions, and that will\nenhance the engagement with the application.<\/p>\n\n\n\n<p><strong>Heat Map View\n\u2013&nbsp;<\/strong>Get this feature, and you can understand the services in demand at a\nparticular time of the year, and you can prepare yourself accordingly to serve\nclient-centric products or services.<\/p>\n\n\n\n<p><strong>Voice Search\n\u2013&nbsp;<\/strong>The trend of voice search is booming in the current time. Amazon or\nany other marketplace app, each of it is offering a voice search option to the\ncustomers. List your products or services compatible with the voice search\nparameters.<\/p>\n\n\n\n<p><strong>Advanced Search\nOption \u2013&nbsp;<\/strong>Give your mobile app visitors a complete facility to search for their\ndesired product or services in a strategic way. It will elevate consumer\nexperience and improve customer engagement.<\/p>\n\n\n\n<p><strong>Photo Shopping\n\u2013&nbsp;<\/strong>Let your customers buy their desired products without knowing the name\nof its brand and just by seeing the picture. Customers can click a photo of the\nproduct and search the photo using the image mode.<\/p>\n\n\n\n<p><strong>Additional\nFeatures<\/strong><\/p>\n\n\n\n<ul><li>Multi-currency support<\/li><li>Multi-language support<\/li><li>Subscription<\/li><li>Product tracking<\/li><li>Google map integration<\/li><li>Predictive search<\/li><li>Auto tax calculation<\/li><li>Multiple payment options<\/li><\/ul>\n\n\n\n<h3><strong>Required\nTechnology Stack<\/strong><\/h3>\n\n\n\n<ul><li><strong>Programming\nLanguages \u2013 <\/strong>Java, PHP, and Python<\/li><li><strong>Front-end\n\u2013 <\/strong>Angular, HTML5, CSS, ReactJS<\/li><li><strong>Mobile\nDevelopment \u2013 <\/strong>Android, Java, iOS<\/li><li><strong>Back-end\n\u2013 <\/strong>NodeJS<\/li><li><strong>Payment\n\u2013<\/strong> PayPal, Braintree, Stripe<\/li><li><strong>Analytics\n\u2013 <\/strong>Google Analytics<\/li><li><strong>Recommendations\n\u2013 <\/strong>Machine learning algorithms<\/li><li><strong>Infrastructure\n\u2013 <\/strong>Amazon Web Service (AWS)<\/li><li><strong>Database\n\u2013 <\/strong>MySQL, MongoDB, and PostgreSQL<\/li><li><strong>Push\nNotifications \u2013<\/strong> Twilio, push.io<\/li><li><strong>Cloud\nEnvironment \u2013 <\/strong>Google, Azure, Salesforce<\/li><li><strong>Map\nNavigation \u2013 <\/strong>Google map<\/li><\/ul>\n\n\n\n<h2><strong>Required Team\nStructure for Marketplace Mobile Application<\/strong><\/h2>\n\n\n\n<p>There is an absolute need for a skilled and experienced team to\ndevelop marketplace mobile applications. Each individual has his or her own\nspecialties. Here is a brief of the required team structure:<\/p>\n\n\n\n<ul><li>Project manager<\/li><li>Business analysis team<\/li><li>iOS &amp; Android developers<\/li><li>Cross-platform app developers (if required)<\/li><li>Backend Developers<\/li><li>Front-end Developers<\/li><li>QA experts<\/li><\/ul>\n\n\n\n<h3><strong>How much does it\ncost to build marketplace app development?<\/strong><\/h3>\n\n\n\n<p>There are four factors that determine the cost of your project; they are \u2013 the scope of your project, technologies, and tools you require, third-party services if you hire any, and the hourly rate of the <a href=\"https:\/\/www.fexle.com\/mobile-app-development-company?utm_source=Giri&amp;utm_medium=blog&amp;utm_campaign=blog%20link&amp;utm_term=Giri\">marketplace mobile app development company<\/a>.<\/p>\n\n\n\n<p>If we talk about the hourly rate, the approx ideas go like this:<\/p>\n\n\n\n<ul><li>North America \u2013 Price range is 410 to\n$225<\/li><li>South America \u2013 Price range is $21 to\n$107<\/li><li>United Kingdom \u2013 Price range is $32\nto $ 167<\/li><li>Eastern Europe \u2013 Price range is $20\nto $97<\/li><li>Australia \u2013 Price range is $32 to\n$142<\/li><li>India \u2013 Price range is $8 to $80<\/li><\/ul>\n\n\n\n<p>If you hire mobile app development company, then here\u2019s the department\nwise cost structure:<\/p>\n\n\n\n<ul><li>Front-end &amp; back-end development\n\u2013 Price range is $9000 to $12000<\/li><li>QA and testing \u2013 Price range is $4000\nto $5000<\/li><li>UX\/\/UI design \u2013 Price range is $2000\nto $3000<\/li><\/ul>\n\n\n\n<p><strong>Conclusion<\/strong><\/p>\n\n\n\n<p>The outbreak of pandemic has affected many lives, and people are now more inclined towards the services that offer them home delivery. It is the best time you should go for <a href=\"https:\/\/www.fexle.com\/mobile-app-development-company?utm_source=Giri&amp;utm_medium=blog&amp;utm_campaign=blog%20link&amp;utm_term=Giri\">marketplace mobile app development<\/a>.<\/p>\n\n\n\n<p>We have tried to cover all the aspects which might come in handy for you at the time of development. Make sure the firm that you hire has expertise in all these technologies and features discussed above.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.fexle.com\/contact-us?utm_source=Blog&amp;utm_medium=Giri&amp;utm_campaign=Giri&amp;utm_term=Giri%20Fexle\"><img loading=\"lazy\" width=\"1024\" height=\"399\" src=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile_2-1024x399.jpg\" alt=\"hire mobile app development team\" class=\"wp-image-447\" srcset=\"https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile_2-1024x399.jpg 1024w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile_2-300x117.jpg 300w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile_2-768x299.jpg 768w, https:\/\/www.fexle.com\/blogs\/wp-content\/uploads\/2020\/04\/blog-inner-image-mobile_2.jpg 1107w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=fexle_services\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The online shopping trending is skyrocketing. People from across the globe prefer to buy their desired products or services at their doorsteps. According to a report by\u00a0Statista, e-commerce sales are expected to reach 4.2 trillion US dollars by the end&hellip; <a href=\"https:\/\/www.fexle.com\/blogs\/how-to-create-a-marketplace-mobile-app-cost-key-features\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[77,55],"tags":[266,265],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Create A Marketplace Mobile App: Cost &amp; Key Features - FEXLE Services Official Blog<\/title>\n<meta name=\"description\" content=\"Get complete guide to develop a marketplace mobile app for your business. 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