Marketplace App Development Company

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On Demand MARKETPLACE APP

The global burst of the digital marketplace in recent years has taken everyone by surprise! Technology has taken giant leaps as we move towards an era of on-demand apps that offers instant shopping platform. If you can analyze your market and target audience, launching an on-demand marketplace app can be your jackpot ticket! This excerpt is a comprehensive guide in understanding the multifaceted role of on-demand apps in today's fast-paced market.

For starters, the Uber app is one of the finest examples of an on-demand app. The success of this app is its ability to connect you with the nearest source that takes you to your destination. This concept on a larger scale transforms into an on-demand economy wherein the supply chain is managed by a robust digital solution. This economy is on the boom as it is fuelled by on-demand marketplace apps providing goods and services.

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Disclaimer: We do not disclose your information and apply the appropriate security measures to preserve its confidentiality.

Types of Online Marketplace App Development

"Being customer-focused allows you to be more pioneering"

- Jeff Bezos - Founder & CEO, Amazon

The eCommerce platform has grown exponentially in recent years. Even during the pandemic, when global economies were dropping, the eCommerce market was showing an upwards trend. The global retail sales have grown upto 17.5% in 2021 from a meager 7.4% in 2015. Let's simplify the different types of online marketplace and its relevance.

Planning to Launch your Own Marketplace App?
Ecommerce Target Audience

Various reports suggest that eCommerce retail revenues are projected to touch $4.88 trillion in 2021. This highlights the need for determining the right eCommerce audience for enhanced business tasks. Below are the types of marketplaces based on customer types:

B2C

Business to Customer

Marketplace where the exchange of goods and services from the merchant to the customers directly. Example - Uber, eBay and more.

B2B

Business to Business

Marketplace where the exchange of goods and services is between two merchants or companies. Example - eWorldTrade, Amazon Business and more.

C2C

Customer to Customer

Online marketplace wherein customers can transact goods and services. Here both buyer and seller are consumers. Example - Craigslist, OLX and more.

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Essential Features that Make Your Marketplace App Stand Out

For Buyer/Users
Easy Social Sign-up or Login

Easy login & share your buying experience through social accounts

User profile

Fill in & save your details for a hassle-free shopping experience

Product Filters

Specify your requirements to get what you exactly want

Product Details

Get distinct features, benefits & specification of the product

Marketplace app features for buyer
Marketplace app features for buyer
Favorites listing / Wishlist

Park your favourite items for the next purchase

Add To Cart

Add unlimited products at one go for faster checkouts

Easy To Pay option

Various online & offline pay options - select your choice

Multi Currency

Select the currency of your choice to pay bills

Delivery status

Complete clarity of your shipments - all in your palms

Order history & tracking

At a Glance - check your previous orders & track the live shipment

E-Wallet

Keep your money safe & transact without logging into your bank account

Notifications

Never miss the great deals, exciting offers or lowest price challenge

Ratings & reviews

Every review is authentic - read & take a uniform decision

Marketplace app features for buyer

Essential Features that Make Your Marketplace App Stand Out

For Buyer/Users
Marketplace app features for buyer
Easy Social Sign-up or Login

Easy login & share your buying experience through social accounts

User profile

Fill in & save your details for a hassle-free shopping experience

Product Filters

Specify your requirements to get what you exactly want

Product Details

Get distinct features, benefits & specification of the product

Marketplace app features for buyer
Favorites listing / Wishlist

Park your favourite items for the next purchase

Add To Cart

Add unlimited products at one go for faster checkouts

Easy To Pay option

Various online & offline pay options - select your choice

Multi Currency

Select the currency of your choice to pay bills

Marketplace app features for buyer
Delivery status

Complete clarity of your shipments - all in your palms

Order history & tracking

At a Glance - check your previous orders & track the live shipment

E-Wallet

Keep your money safe & transact without logging into your bank account

Notifications

Never miss the great deals, exciting offers or lowest price challenge

Ratings & reviews

Every review is authentic - read & take a uniform decision

For Sellers

Marketplace app features for seller
Social and Sign-up Login

The new-age way to maximize your sales - be social!

Seller profile Creation

From business to contact details - keep data at one place

inventory / SKU management

Easy to check & refurbish your stocks as per demand in the market

Tax Setup

GST & invoice declarations and calculations - all in one place

Shipping Setup

Update your shipping policies so that the customer has a complete idea

Choose Countries

You are global - select the countries where you want to sell

Attributes Setting

Attribute selling is the options available for product like colors, sizes like s, m, l, xl etc

Order Details

Easy to check and be aware of the status of every order received

Marketplace app features for seller
Marketplace app features for seller
Offers & discounts

Manage and analyze the performance of all discount & offer schemes

Order Tracking

Check and control the live status of your shipment delivery

Payment Gateway

Complete freedom to select your preferred mode of payments

Multi Currency

Avail the ease to manage your finances with a multi-currency option

Multi Lingual

Interact with customers as per their local language based upon their geo-location

For Sellers

Marketplace app features for seller
Social and Sign-up Login

The new-age way to maximize your sales - be social!

Seller profile Creation

From business to contact details - keep data at one place

inventory / SKU management

Easy to check & refurbish your stocks as per demand in the market

Tax Setup

GST & invoice declarations and calculations - all in one place

Marketplace app features for seller
Shipping Setup

Update your shipping policies so that the customer has a complete idea

Choose Countries

You are global - select the countries where you want to sell

Attributes Setting

Attribute selling is the options available for product like colors, sizes like s, m, l, xl etc

Order Details

Easy to check and be aware of the status of every order received

Marketplace app features for seller
Offers & discounts

Manage and analyze the performance of all discount & offer schemes

Order Tracking

Check and control the live status of your shipment delivery

Payment Gateway

Complete freedom to select your preferred mode of payments

Multi Currency

Avail the ease to manage your finances with a multi-currency option

Multi Lingual

Interact with customers as per their local language based upon their geo-location

For Admin

marketplace app features for admin
Commission Setup

Check out the commission details of each sale from your dashboard

Notification

Never miss out on any alert that can hamper your business

Offers & Discount

Track the response of each promotion to strategize your marketing plans

Reverse Request Option

Monitor every order that gets cancelled or returned

Analytics

Complete overview of business in one single screen - easy management

Multi Lingual

Multiple language options help you to maximize engagement

Multi Currency

The system manages and calculates the finance as per your choice

Seller Approval / Cancelation

Managing the inclusion, exit and cancellation of sellers - All at one places

marketplace app features for admin

For Admin

marketplace app features for admin
Commission Setup

Check out the commission details of each sale from your dashboard

Notification

Never miss out on any alert that can hamper your business

Offers & Discount

Track the response of each promotion to strategize your marketing plans

Reverse Request Option

Monitor every order that gets cancelled or returned

marketplace app features for admin
Analytics

Complete overview of business in one single screen - easy management

Multi Lingual

Multiple language options help you to maximize engagement

Multi Currency

The system manages and calculates the finance as per your choice

Seller Approval / Cancelation

Managing the inclusion, exit and cancellation of sellers - All at one places

Delivery Boy

marketplace app features for delivery boy
Login / Registration

Updated profile that is assigned to the seller or the store

Order pick-Up / Alerts

Update of the status of orders in real-time helps quick delivery

Location Alert

Delivery history along with current location helps in tracking

Call Support

Speak with the delivery boy to ensure faster and customized delivery

Delivery Status Update

Notifications of every successful delivery - for the seller as well as the buyer

Payment Acceptance

Select the apt payment mode for correct entry in the book of account

Multi Lingual

Option of choosing the language of your choice for better understanding

Feedback

Helps in analyzing the rating & overall performance of the individual

marketplace app features for delivery boy

Delivery Boy

marketplace app features for delivery boy
Login / Registration

Updated profile that is assigned to the seller or the store

Order pick-Up / Alerts

Update of the status of orders in real-time helps quick delivery

Location Alert

Delivery history along with current location helps in tracking

Call Support

Speak with the delivery boy to ensure faster and customized delivery

marketplace app features for delivery boy
Delivery Status Update

Notifications of every successful delivery - for the seller as well as the buyer

Payment Acceptance

Select the apt payment mode for correct entry in the book of account

Multi Lingual

Option of choosing the language of your choice for better understanding

Feedback

Helps in analyzing the rating & overall performance of the individual

Need to develop marketplace app

Why do we need Develop Marketplace app?

As businesses are going competitive and fierce with each passing day, the marketplace app is one of the essential ways to stay ahead of others. With a curated set of applications and integrations, marketplace apps offer a unified, Omnichannel customer experience. By hosting social, ecommerce, analytics, data in one single platform, businesses are improvising on their operations.

As enterprises continue to offer a bespoke customer experience at every stage, the marketplace app adds rich value with plug and play apps. Offering measurable benefits to partners, brands, the app also reduces the overall cost of ownership alongside giving amazing features. !

Scope of Marketplace App Development

As we dive through the minute components, we realize that the scope of marketplace apps in today's business ecosystem is infinite. We present 6 key reasons that magnify the scope of the marketplace.

No need of your own inventory

As there are multiple people and sellers, you don't have to put your inventory that minimizes risk.

Wide range of products

Since there are multiple sellers, there is a collection of various brands under a single platform.

Earn commission on sale of a vendor product

Based on the contract, every time a vendor sells a commodity or services, you get a commission from that sale.

Cut away half the headache

Since the vendor takes care of their products through the app, you don't have to worry about business volatility.

Low expenses to just have app

The only major expense is in the development and maintenance of the app. Apart from that, it's a low investment business.

How much will it cost to create a marketplace app?

App Monetization Opportunities

On-demand service marketplace apps have made our lives seamless - in every possible way. From salon to transport, and from food to medicine, everything is available with a click. If you are eager to know the monetization process of apps, the answer is simple - it's done by the news users who create an account. However, over time, other avenues also contribute to their revenue. We have listed down some of them below:

Subscription

There are auto-renewable subscriptions that offer instant access to premium features and content. Developers offer discounts on long subscription periods so it's a win-win situation for both parties.

Commission

If any commercial transactions are happening directly on the platform, then the marketplace charges a small percentage from each transaction. This is the simplest & most popular way of monetization.

Advertising

Developers can advertise other apps using a service known as 'Advertising Networks'. They can place ads within other apps and websites to target specific audiences to drive traffic to their apps.

Listing Fee

A listing fee is a nominal fee that makes your services or products available in the marketplace. Since it's not free, the quality of the listing is good as sellers put more thought into creating a listing.

Featured Listing

This is common amongst classified platforms where Marketplace charges you extra to feature or rank you higher in search results. Initially, the listing is free, but if you pay, you get a premium profile and utmost visibility.

Frequently Asked Questions (FAQs)

The cost of developing an on-demand marketplace app depends upon the various functionalities and the level of development efforts given by the developers. Starting from layout, UX and UI design, front-end and back-end development, complexity, integrations - various components play a role in deciding the cost. A near-accurate estimate can be reached once a complete analysis of the expected functionality is done.

Consumer buying patterns have taken a paradigm shift in recent years. The annual growth rate of on-demand apps is expected to raise upto $25 Billion by 2023. People can get everything they need anytime, anywhere, and most conveniently. With a single click, the on-demand app brings you instant solutions, right at your doorsteps! From health and beauty, transport and logistics, repair services financial transactions, the list are endless.

Depending upon categories as per customer type, selling model, market sector, below are the types of marketplace.

By target audience:

  • B2B - Business to Business- It enables businesses to use a marketplace for attracting more customers to sellers. This helps to expand the reach of the B2B concept.
  • B2C - Business to Customer - Selling product services directly to the customers. The majority of B2C market adapt one-stop-shop solutions.
  • P2P - Peer to Peer - Also known as C2C, the marketplace allows the customers to share the products and services and manage to sell.

By focus:

  • Horizontal - The customers get a plethora of goods and services of certain distinctiveness.
  • Vertical - The count of customers are less as they are interested in a particular business niche.

By Management approach:

  • Unmanaged - Buyers focus on the ratings and reviews while buying a product, similar to the P2P model.
  • Lightly managed - Here quality control & verifications plays a dominant role. Eg - Uber, Airbnb.
  • Fully managed - Covering the entire sales process, the focus is on service quality and enhancing buying experience.

By products:

  • Goods - This is the most common and widely known market featuring products.
  • Services - As products, this is concentrated to offer services. Eg - Uber, rentals and more.
  • Projects - Through crowd funding, funds are collected for startup projects that have fair potential.
  • Hybrid - This applies to both services and products. Eg – OLX

By interaction:

  • Online commerce - Exchange of data through a dedicated link to the marketplace set up by the seller and the buyer.
  • Online to offline - Identifying and driving customers to offline stores by creating seamless digital experiences.

Sankalp is a CMMI Level3 certified organization offers a wide range of marketplace app development services that cover every gamut of the entire industry. In these 19 eventful years, we have been able to provide business solutions in over 45+ countries. With a myriad of interactive offerings, we help you to mobilize your business within your industry. Embracing cutting-edge technologies to develop interactive and performance oriented marketplace app is our forte.

Conclusion

As the market is aggressive, you need to offer life-changing experiences to your customers. Transforming ideas to life is the only way forward and this is where on-demand marketplace app takes you ahead.

Save thousands of dollars on app development
Company Accredited by

Winning Customer Choice Award 2020 signifies our commitment to providing only the best to our customers.

Our Association
Certificates of sankalp
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iso 9001
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What our client's say
  • "About the company (Sankalp) itself is so transparent. I found the company while I was searching for good IT companies. I had sent them an email through the website and I was contacted by the Sankalp team, was very friendly explained things really well. Had a lot of doubts initially But it was perfect when our project was lead by Team Sankalp. They understood the idea very well And was executed exactly the way we wanted. Their app development team is also pro at their work.it was great my app was developed by Sankalp and I look forward to working with them on future projects. "

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    • Maria Hussain, Owner
    • GoBookRelax - Kuwait
  • "We want you to know that everyone is fascinated and pleased with the work of your entire team. Working together with Sankalp and it is has a very positive experience for us. We are very happy and overly satisfied with your app development process and as a client, looking forward to your continued support with our future planned project"

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    • Mr.Frok Dada & Yan Grop
    • Clean Earth & Golden Network - Sweden
  • "We are really delighted with the technological excellence, consistent performance, flexibility and support offered to us as a reliable app development Partner. The app reached 100+ downloads in a single day and also trending on Google Play store. Thank you, team Sankalp for developing such an amazing mobile app."

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    • Mr.Zakee Ahmad
    • My Zaam � Srilanka
  • "We want to thank you for the work and energy you have put on realizing this project, we are very much satisfied with the app development process and the level at which the project is at, keep up the good work we appreciate that."

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    • Mr.Elias ngi & Boriant
    • Human Shield International - Cameroon
  • "GBD (Give back & Drive) would love to thank the Sankalp's team for the app development. The support they have been giving us and explaining every detail that we don't understand made us easy to work, communicate and interact with them."

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    • Ms.Mika Mbowane
    • Give back & Drive - South Africa
  • "On behalf of our team in Oceania Dream Fulfillers, the founding partners and leaders I take this opportunity to thank Sankalp for having assisted design and develop our software and mobile app"

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    • Mr. Riwata obetaia
    • Oceania Dream Fulfillers - Kiribati (Oceania)

Let's put life in your

Disclaimer: We do not disclose your information and apply the appropriate security measures to preserve its confidentiality.

Here is what you will get after submitting project details.

  • Our Business Consultant will contact you within 1-working day
  • A strict Non-Disclosure policy if required
  • Get a Free Consultation
  • Discuss your Business App Idea
  • Suggestions on Revenue Models & Planning
  • Get Free Quote for your App Idea
  • Action plan to start your project
  • We develop your App
  • Launch your App
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