{"id":10359,"date":"2020-12-10T12:58:53","date_gmt":"2020-12-10T12:58:53","guid":{"rendered":"https:\/\/www.arkasoftwares.com\/blog\/?p=10359"},"modified":"2023-09-21T10:22:28","modified_gmt":"2023-09-21T10:22:28","slug":"guide-to-develop-marketplace-apps-like-etsy-amazon-flipkart","status":"publish","type":"post","link":"https:\/\/www.arkasoftwares.com\/blog\/guide-to-develop-marketplace-apps-like-etsy-amazon-flipkart\/","title":{"rendered":"A Complete Guide to Develop Marketplace Apps like ETSY, Amazon and Flipkart"},"content":{"rendered":"<p><span style=\"color: #000000;\">People love their convenience, and anyone who can add to their convenience is rewarded handsomely. Shopping is one thing that most people like to do when they are excited, celebrating, or even want to vent their frustration. An online marketplace is like a bazaar full of variety and options for their users to \u2018stroll\u2019 and soak in whatever is on display.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><span style=\"color: #000000;\">The increasing trend of online shopping and customers\u2019 willingness to experiment with their fashion, beauty, and lifestyle means that an excellent eCommerce app will have an enhanced market value. Easy access to smartphones, mobile Internet, and secure payment options have made the customers more comfortable accepting digital shopping.<\/span><\/p>\n<p><span style=\"color: #000000;\">An <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\">online marketplace app like ETSY<\/a><\/span>, Amazon, Flipkart, or Artfire \u2013 allows multiple sellers to sell their products and services independently as an online vendor. A customer gets the choice to browse, select, and buy multiple products of her choice at great prices.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">An eCommerce marketplace is a cool business option for entrepreneurs as they get the chance to help the sellers and customers connect so that not even the biggest player can think of. <\/span><\/p>\n<p><span style=\"color: #000000;\">The flexible opportunity for doing business comes with an affordable and value-for-money development cost and invaluable support. You can also sell your branded products along-side selling other vendors\u2019 products.<\/span><\/p>\n<p><span style=\"color: #000000;\">The eCommerce industry is growing by leaps and bounds. During times of social distancing, it has rocketed beyond the wildest imaginations of anyone. Sellers and customers can now connect through a virtual entity; various technical aspects must be considered while building a marketplace website. <\/span><\/p>\n<p><span style=\"color: #000000;\">A modern digital marketplace needs one of the most competitive and technically advanced technological support to connect thousands of suppliers to millions of users. Use of an Artificial Intelligence software and knowledge graph with superb UI\/UX can provide you with the necessary tools.<\/span><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_an_Online_Marketplace_App\"><\/span><span style=\"color: #000000;\">What is an Online Marketplace App?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">An online marketplace is largely useful for small and micro sellers who get a global reach by simply setting up their online storefront on a marketplace. As the number of mobile users grows, business opportunities also expand.\u00a0<\/span><span style=\"color: #000000;\">An online marketplace can be in an <a href=\"https:\/\/www.viraasi.com\/\">eCommerce website<\/a> or app or both, bringing sellers and buyers together in one place, virtually. <\/span><\/p>\n<p><span style=\"color: #000000;\">It is also known as an electronic marketplace or a digital marketplace where all transactions take place digitally. Some of the best examples of online marketplaces include <strong>Amazon, ETSY, Flipkart, and Artfire<\/strong>.<\/span><\/p>\n<p><span style=\"color: #000000;\">The first eCommerce marketplace came up in the mid-1990s when Craigslist and eBay were founded. While Craigslist was a yellow-pages like listing website, eBay brought in the auction (or reverse auction) model for sales. Today\u2019s online marketplaces have multiple models in addition to the ones listed above \u2013 inventory, aggregator, and marketplace models.<\/span><\/p>\n\n<p><img data-dominant-color=\"e8e1e0\" data-has-transparency=\"false\" style=\"--dominant-color: #e8e1e0;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent wp-image-10380 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/online-marketplace-app-like-ETSY.jpg\" alt=\"online marketplace app like ETSY\" width=\"800\" height=\"535\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Source: Dribble<\/span><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Reasons_That_Make_an_Online_Marketplace_App_Popular\"><\/span><span style=\"color: #000000;\">Reasons That Make an Online Marketplace App Popular<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">The power that an online marketplace gives in a customer\u2019s hands is liberating and convenient for them. This power is to choose from a wide range of products at a great price that is easy on their pockets.<\/span><\/li>\n<li><span style=\"color: #000000;\">You can call such marketplaces \u201cDepartmental Store 2.0\u201d because, just like a traditional departmental store, with multiple sections and variety in each of them, these online stores cater to a large need base. The difference is that you cannot touch the items on display and need to rely on images, videos, reviews, and 3D animations to learn about the product you are going to buy.<\/span><\/li>\n<li><span style=\"color: #000000;\">The marketplaces are popular for one more reason because they provide users with many options, unlike an eCommerce app of a single brand. Consumers do not like downloading apps from multiple retailers if they choose to download only one app that can offer products from most retailers.<\/span><\/li>\n<li><span style=\"color: #000000;\">An <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\">eCommerce app like ETSY<\/a><\/span>, Flipkart, Amazon, or Artfire can see a business growth early and very promising for a long time. In the OECD or developed economies of North America, Europe, the Middle East, Australia, and Japan, eCommerce sales were more than half of all the sales to a retail customer in the year 2019. The figures for even the emerging economies were very promising \u2013 touching 35% in Southeast Asia and BRICS economies.<\/span><\/li>\n<li><span style=\"color: #000000;\">These numbers are encouraging for a seller who can tap this burgeoning market and customers, as they get more choices and entrepreneurs as they get to be the bridge between them. Global online marketplaces\u2019 share in retail sales is poised to attain a growth of more than 2.5x times in 2021 compared to 2020.<\/span><\/li>\n<\/ul>\n\n<p><img data-dominant-color=\"f6f0f0\" data-has-transparency=\"false\" style=\"--dominant-color: #f6f0f0;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent wp-image-10391 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/worlds-top-online-marketplaces.png\" alt=\"worlds top online marketplaces\" width=\"1042\" height=\"695\" srcset=\"https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125747\/worlds-top-online-marketplaces.png 1042w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125747\/worlds-top-online-marketplaces-300x200.png 300w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125747\/worlds-top-online-marketplaces-1024x683.png 1024w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125747\/worlds-top-online-marketplaces-768x512.png 768w\" sizes=\"(max-width: 1042px) 100vw, 1042px\" \/><\/p>\n\n<h3><span style=\"color: #000000;\">There many obvious advantages of launching an online marketplace, and some of them are as follows:<\/span><\/h3>\n<ul>\n<li><span style=\"color: #000000;\">A great business<\/span><\/li>\n<li><span style=\"color: #000000;\">A source of great revenues<\/span><\/li>\n<li><span style=\"color: #000000;\">Reduce marketing costs a lot<\/span><\/li>\n<li><span style=\"color: #000000;\">Take your business global<\/span><\/li>\n<li><span style=\"color: #000000;\">Manage inventories transparently with real-time data on stock levels and prices<\/span><\/li>\n<li><span style=\"color: #000000;\">Customers can easily compare prices<\/span><\/li>\n<li><span style=\"color: #000000;\">The store is open 24X7, working for you and your customers<\/span><\/li>\n<li><span style=\"color: #000000;\">Generate brand recognition, recall, and trust among customers<\/span><\/li>\n<li><span style=\"color: #000000;\">Provide your customers with the best and widest range of options<\/span><\/li>\n<li><span style=\"color: #000000;\">Give your customers the best prices and great deals<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">An online marketplace allows you to be ahead with changing lifestyles, the latest gadgets, the best deals on home appliances, and the trendiest outfits. But shopping for them in the physical world can be time-consuming and even exhausting, but a great online marketplace can help you with all that. <\/span><\/p>\n<p><span style=\"color: #000000;\">The bonus is that all the stuff gets delivered to your home.\u00a0<\/span><span style=\"color: #000000;\">The neat and minimalistic design of the modern apps and websites make them attractive to customers from all backgrounds, countries, and age or income groups. <\/span><\/p>\n<p><span style=\"color: #000000;\">If you can find the niche for your business and invest in designing a great marketplace, then you are assured of customers literally \u2018lining up.\u2019 Customers love convenience, the power to them, transparency, and an easy-to-use navigation system. <\/span><span style=\"color: #000000;\">Amazon and Flipkart in the general horizontal domain and ETSY and Artfire in the vertical domains have set the bar too high. <\/span><\/p>\n<p><span style=\"color: #000000;\">And there are many ideas that they are not working on. The chance to beat these giants with technological superiority and unlimited resources works as a major motivating factor for many startups with great ideas.<\/span><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Why_developing_an_Amazon_or_Flipkart_like_Marketplace_App_is_a_profitable_idea\"><\/span><span style=\"color: #000000;\">Why developing an Amazon or Flipkart like Marketplace App is a profitable idea?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">As an entrepreneur, you must always be on the lookout for new opportunities to start a new business and add more revenues to your already strong revenue stream. If you plan to develop and market a new <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/ecommerce-development-company\" target=\"_blank\" rel=\"noopener\"><strong>eCommerce marketplace website like Flipkart<\/strong><\/a><\/span> or Amazon, a lot of market research and evaluation will be needed.<\/span><\/li>\n<li><span style=\"color: #000000;\">If you have an idea that can put power in your consumers\u2019 hands and gives them convenience, you go ahead and convert it into a reality. Customers need a fast, easy to use, and secure shopping experience to select and buy products &amp; services they desire and deserve.<\/span><\/li>\n<li><span style=\"color: #000000;\">With the increasing need, acceptance, and popularity of e-commerce among users, developing and launching such an app for a new idea and a niche sector will be a great business idea. A great app that gives convenience and is a value proposition for consumers, like ETSY or Artfire, will witness tremendous growth.<\/span><\/li>\n<li><span style=\"color: #000000;\">According to the latest research from Statista.com, the US market alone will witness retail eCommerce sales of over USD 740 billion by 2023. A multi-seller marketplace like Flipkart, Amazon, Artfire, etc. is a sure shot winning proposition for your business partners and investors, only if you take the initiatives to enter into newer markets, geographies and domains.<\/span><\/li>\n<li><span style=\"color: #000000;\">As an entrepreneur, you get to enter the coveted Unicorn club, with a market valuation of more than USD 1 billion, when investors in multiple rounds of investments take up your idea. The India version of Amazon, the Flipkart, was recently valued at USD 16 billion when its largest store retailer <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/economictimes.indiatimes.com\/small-biz\/startups\/newsbuzz\/walmart-acquires-flipkart-for-16-bn-worlds-largest-ecommerce-deal\/articleshow\/64095145.cms\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Walmart invested<\/strong><\/a><\/span> in it.<\/span><\/li>\n<li><span style=\"color: #000000;\">Deals of this nature are a very stamp of approval by investors and players like Walmart, in the potential that this sector holds. It has only encouraged more enthusiastic and adventure-loving people, like you, to leap of faith.<\/span><\/li>\n<\/ul>\n\n<p><img data-dominant-color=\"92908e\" data-has-transparency=\"true\" style=\"--dominant-color: #92908e;\" decoding=\"async\" loading=\"lazy\" class=\"has-transparency wp-image-10386 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/marketplace-app-development-like-flipkart.png\" alt=\"marketplace app development like flipkart\" width=\"800\" height=\"709\" srcset=\"https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125744\/marketplace-app-development-like-flipkart.png 800w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125744\/marketplace-app-development-like-flipkart-300x266.png 300w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125744\/marketplace-app-development-like-flipkart-768x681.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Source: <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.flipkart.com\/jewellery\/foxiie-trends~brand\/pr?sid=mcr&amp;otracker=categorytree\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Flipkart<\/strong><\/a><\/span><\/span><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Market_Share_of_different_eCommerce_Marketplace_Apps\"><\/span><span style=\"color: #000000;\">Market Share of different eCommerce Marketplace Apps<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">The statistics for market share, revenue growth, future projections, and value of the business conducted using online eCommerce and through marketplaces are not only amazing but sometimes unbelievable. If you do not believe us, then read on:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">In 2018 more than <strong>1.8 billion people<\/strong> or more than a fourth of the global population made online purchases.<\/span><\/li>\n<li><span style=\"color: #000000;\">In the same year, global online marketplace retail sales amounted to <strong>USD 2.8 trillion.<\/strong><\/span><\/li>\n<li><span style=\"color: #000000;\">The online <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.statista.com\/topics\/871\/online-shopping\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>marketplace retail sales<\/strong><\/a><\/span> are projected to grow to cross <strong>USD 4.8 trillion in 2021<\/strong>.<\/span><\/li>\n<li><span style=\"color: #000000;\">The biggest online marketplace for 2018 was not Amazon, but a Chinese platform Taobao with a Gross Merchandise Volume or GMV of USD 515 billion.<\/span><\/li>\n<li><span style=\"color: #000000;\">Amazon ranked second with close to USD 432 billion in annual third-party GMV.<\/span><\/li>\n<li><span style=\"color: #000000;\">Analysts predict that worldwide online marketplaces will corner more than 40 global retail trade-in 2020.<\/span><\/li>\n<li><span style=\"color: #000000;\">More than three-fourths of the USA\u2019s marketing experts suggest retailers sign up on online marketplaces to grow your revenue significantly.<\/span><\/li>\n<li><span style=\"color: #000000;\">Alibaba has its biggest market as mainland China with the geography commanding over 58% of its online retail sales.<\/span><\/li>\n<li><span style=\"color: #000000;\">Alibaba <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/techcrunch.com\/2017\/11\/11\/alibaba-smashes-its-singles-day-record\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>recorded<\/strong> <\/a><\/span>USD 25.4 billion worth of sales orders on a single day in 2017!<\/span><\/li>\n<li><span style=\"color: #000000;\">According to <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.statista.com\/topics\/846\/amazon\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Statista<\/strong><\/a><\/span>, in 2019, Amazon was installed on more than <strong>450 million smartphones<\/strong> and sold more than 4000 items every minute.<\/span><\/li>\n<li><span style=\"color: #000000;\">Amazon has set such high benchmarks that people trust it more than any other marketplace, and only 23% of them move to another shopping cart after checking the Amazon store.<\/span><\/li>\n<li><span style=\"color: #000000;\">More than 30% of global markets have no or very little eCommerce presence of any kind, making them a lucrative market for new players to get the first-mover advantage.<\/span><\/li>\n<li><span style=\"color: #000000;\">65% online seller says that they are generating five times more revenue than their offline stores. It makes onboarding new retailers much easier now.<\/span><\/li>\n<li><span style=\"color: #000000;\">More than nineteen in every twenty buyers will make most of their purchases online by 2040.<\/span><\/li>\n<li><span style=\"color: #000000;\">Flipkart claims to have more than <strong>150 million monthly active users<\/strong> in India, its primary market.<\/span><\/li>\n<li><span style=\"color: #000000;\">Online marketplaces have become dominant players in most key geographies like India, Europe, North, Central, and South America, most of Asia, and Australia.<\/span><\/li>\n<li><span style=\"color: #000000;\">The Indian market had more than 50 marketplaces in 2015 that has come down to only the top four control more than 90% of the general retail online business.<\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"color: #000000;\">Many sellers achieve record daily sales during the festival period and life-changing times.<\/span><\/span>&nbsp;<\/li>\n<\/ul>\n\n<p><a href=\"https:\/\/www.arkasoftwares.com\/contact-us?utm_source=blogs&amp;utm_medium=banner&amp;utm_campaign=Blog_Enquiry\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-7901 aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/01\/New-Banners-Landscape-1.jpg\" alt=\"mobile app development company\" width=\"1000\" height=\"140\" \/><\/a><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Business_Model_of_Marketplace_Apps\"><\/span><span style=\"color: #000000;\">Business Model of\u00a0<\/span><span style=\"color: #000000;\">Marketplace Apps<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">The business model of online marketplaces belongs today and to the future. If you want to make sure that your business is working, you must set up an online store on a <a href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #0874b9;\">marketplace platform like Amazon<\/span><\/strong><\/a>, Flipkart, ETSY, or Artfire and let the magic happen even when you are not.<\/span><\/li>\n<li><span style=\"color: #000000;\">Your lucrative revenue-generating business idea gets a boost of nitro when you decide to put your business online and set up a store. You need to find the most promising marketplace and list yourself as a retailer on that and start making money.<\/span><\/li>\n<li><span style=\"color: #000000;\">As an online marketplace owner, you stand to gain more than all the retailers combined on your marketplace. You get the recurring commissions on each sale they make; you get the best deals from stores to offer to customers who come to buy there, and you get a big brand name that anyone can recall.<\/span><\/li>\n<li><span style=\"color: #000000;\">With sophisticated AI-enabled analytics, data management, customer profiling, and great storefronts, you can offer everyone associated the best what eCommerce has to offer.<\/span><\/li>\n<li><span style=\"color: #000000;\">The online marketplaces allow you to offer your customers products that you do not have but are available with your store partners. You can save on inventory costs, a network of dealers and offline stores, and pass all the savings directly to your customers.<\/span><\/li>\n<li><span style=\"color: #000000;\">A dependable logistics partner, a supply chain, and a fulfillment center are needed to procure, package, and ship ordered items to your customers in time, every time! A SaaS-based marketplace solution will put everything on a cloud to make it an accessible solution for your retail partners, customers, and logistics partners. You also need a secure and fast payment gateway with incredible UI\/UX to gain your users\u2019 trust.<\/span><\/li>\n<\/ul>\n\n<p><img data-dominant-color=\"e6dfd9\" data-has-transparency=\"false\" style=\"--dominant-color: #e6dfd9;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent wp-image-10390 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/Business-Model-of-Marketplace-Apps-1.jpg\" alt=\"Business Model of\u00a0Marketplace Apps\" width=\"800\" height=\"425\" \/><\/p>\n<p>Must-have Features for an Online Marketplace<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Monetization_ModelMethods\"><\/span><span style=\"color: #000000;\">Monetization Model\/Methods<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">An <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\"><strong>online marketplace app like Amazon<\/strong><\/a><\/span>, Flipkart, ETSY, or Artfire will be used extensively by your retail partners, customers, and marketers. It will have a central database of customers, orders, transactions, inventories, and shipping details that everyone can use to speed up the process. It results in faster communication, error-free interpretation, and reduced returns &amp; refunds due to mistakes.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">You can offer lower prices on all products that you directly source from the manufacturers as factory-gate prices, even with retail Shipping, will be 30% to 60% cheaper than the usual network of dealers &amp; distributors.<\/span><\/li>\n<li><span style=\"color: #000000;\">Online retailers can earn a handsome difference between the wholesale prices (plus Shipping) and the usual retail prices in the conventional multi-tier trade. As an online eCommerce retailer, you will no longer need to maintain large stock. You will order your suppliers when there are orders for you.<\/span><\/li>\n<li><span style=\"color: #000000;\">A marketplace can instantly earn handsome commissions on all the orders and payments you will process for your retailers and e-stores. You can also charge them for dependable logistics, over and above that your delivery partners will charge you.<\/span><\/li>\n<li><span style=\"color: #000000;\">Like Amazon, Flipkart, ETSY, or Artfire, you can become an enabler for small retail stores dealing in unique products in every city by providing a leading platform for their merchandise. They can have cheaper and legal working capital funds from you, through your investors and financial institutions, on which you can earn interest.<\/span><\/li>\n<li><span style=\"color: #000000;\">With your customer&#8217;s and merchants\u2019 transaction history over a long period, you can easily ascertain their creditworthiness and preferences. This way, you can offer great deals on products, premier them on your marketplace, and give access to them cheap personal or working capital loans. <\/span><\/li>\n<li><span style=\"color: #000000;\">In the end the with the control over the complete value chain from the producer to the end-consumer \u2013 a combination of the electronic marketplace, logistics, and Shipping, lending, payments processing, etc. \u2013 you can evolve into building a full-stack platform for small and medium enterprises of any nature.<\/span><\/li>\n<\/ul>\n<p><img data-dominant-color=\"ecd6cd\" data-has-transparency=\"false\" style=\"--dominant-color: #ecd6cd;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent wp-image-10382 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/Current-Market-Leaders-of-Marketplace-Apps.jpg\" alt=\"Current Market Leaders of Marketplace Apps\" width=\"860\" height=\"750\" \/><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Must-have_Features_for_an_Online_Marketplace\"><\/span><span style=\"color: #000000;\">Must-have Features for an Online Marketplace<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Great <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\"><strong>eCommerce apps like Amazon<\/strong><\/a><\/span> or Flipkart can have hundreds of simple &amp; little, complex &amp; important features. We can provide you more than 750 features that will help you transform how your multi-vendor online marketplace functions. Many features in an online app or website like Amazon, ETSY, Artfire, or Flipkart, are listed below:<\/span><\/p>\n\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<th>\n<ul>\n<li><span style=\"color: #000000;\">Wish List<\/span><\/li>\n<li><span style=\"color: #000000;\">Support for multiple international languages and multicurrency transactions<\/span><\/li>\n<li><span style=\"color: #000000;\">Unlimited products, categories, and sub-categories<\/span><\/li>\n<li><span style=\"color: #000000;\">Review and Ratings for products, services, and retailers<\/span><\/li>\n<li><span style=\"color: #000000;\">Catalog with search, filters, sorting, and navigation options<\/span><\/li>\n<li><span style=\"color: #000000;\">Shopping cart for the guest session, and saved cart for multiple device check-out<\/span><\/li>\n<li><span style=\"color: #000000;\">Easy, fast, and simple Check-out process<\/span><\/li>\n<li><span style=\"color: #000000;\">Stock management \u2013 real-time inventory, ordering, and pricing<\/span><\/li>\n<li><span style=\"color: #000000;\">Tax management \u2013 GST, customs, TDS, etc.<\/span><\/li>\n<li><span style=\"color: #000000;\">Admin, Seller, and Customer Dashboards<\/span><\/li>\n<li><span style=\"color: #000000;\">Automated newsletter, email, messages, alerts, and push notifications<\/span><\/li>\n<li><span style=\"color: #000000;\">Deals, offers, and discounts management<\/span><\/li>\n<li><span style=\"color: #000000;\">Digital and social media marketing and promotions<\/span><\/li>\n<li><span style=\"color: #000000;\">Social media, email, mobile-based logins, and single sign-on feature<\/span><\/li>\n<li><span style=\"color: #000000;\">Vendor Management: creating store, category, product, pricing, inventory, order status &amp; tracking, and vendor reviews.<\/span><\/li>\n<li><span style=\"color: #000000;\">Order Management: sales tracking, pending orders, dispatched orders, completed, returned orders, stock, and fulfilment.<\/span><\/li>\n<li><span style=\"color: #000000;\">Commission Management: Marketplace owner can create multiple commission rules.<\/span><\/li>\n<\/ul>\n<\/th>\n<td>\n<ul>\n<li><span style=\"color: #000000;\">Catalog Theme and Templates: Great UI\/UX support with multiple themes and templates for displaying your products in the best light.<\/span><\/li>\n<li><span style=\"color: #000000;\">Highly responsive and feature-rich front-end with fast load times<\/span><\/li>\n<li><span style=\"color: #000000;\">Fully customizable front-end with themes, templates, and layouts<\/span><\/li>\n<li><span style=\"color: #000000;\">Support for a rich library of icons and images in different sizes and resolutions<\/span><\/li>\n<li><span style=\"color: #000000;\">Multiple background options with graphics for attractive design<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Products Management including products images (Multiple images per product, Auto resize, product video)<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Product View with product option selection grouped products view<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Stock Availability with related products and up-selling<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Orders Management to create, modify, and fulfill orders or invoices through the admin panel.<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Print invoices, packing slips, and shipping labels.<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Targeted Shipping for Shipping to multiple addresses in one order<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Cash on delivery authorization and charge upon shipment.<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Shipping carrier management &#8211; label printing, receive real-time shipping rates, and on-site order tracking from the customer account.<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Shipping taxes and estimates for order or an item, based on express or standard Shipping, gift options, weight, and destination<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Payment Integration with multiple secure gateways, PayPal, and direct debits<\/span><\/li>\n<li><span style=\"color: #000000;\">\u00a0Transaction management, history, refunds, and charges<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p><img data-dominant-color=\"342624\" data-has-transparency=\"true\" style=\"--dominant-color: #342624;\" decoding=\"async\" loading=\"lazy\" class=\"has-transparency wp-image-10387 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/marketplace-app-development-like-etsy.png\" alt=\"marketplace app development like etsy\" width=\"1500\" height=\"897\" srcset=\"https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125745\/marketplace-app-development-like-etsy.png 1500w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125745\/marketplace-app-development-like-etsy-300x179.png 300w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125745\/marketplace-app-development-like-etsy-1024x612.png 1024w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125745\/marketplace-app-development-like-etsy-768x459.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000000;\">Source: <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.etsy.com\/shop\/aadhyatrends\" target=\"_blank\" rel=\"nofollow noopener\">Etsy<\/a><\/span><\/span><\/strong><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Advanced_Features\"><\/span><span style=\"color: #000000;\">Advanced Features<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span style=\"color: #000000;\">Artificial Intelligence Analytics<\/span><\/h3>\n<p><span style=\"color: #000000;\">Artificial intelligence algorithms to scrutinize all listed product images to ensure that there are no brand rights violations. AI is also used to help the sellers identify trends, sales analysis, and marketing campaigns to drive sales.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Sales report and analysis &#8211; support for Google universal analytics, sales and tax reports, abandoned shopping cart report.<\/span><\/li>\n<li><span style=\"color: #000000;\">Product Analysis Report &#8211; most viewed\/purchased product report.<\/span><\/li>\n<li><span style=\"color: #000000;\">Product review and rating report.<\/span><\/li>\n<li><span style=\"color: #000000;\">Analytics reports for low stocks, search terms, tags, coupon usage, sales invoice, and sales refund reports<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Instant Messaging<\/span><\/h3>\n<p><span style=\"color: #000000;\">An IM or live chat feature allows customers to directly connect with the suppliers for discussing bulk orders, delivery schedules, and customization needs. Chat and customer support with live chat, FAQs, return and refund policy, email, and alerts.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Image Recognition <\/span><\/h3>\n<p><span style=\"color: #000000;\">Image recognition helps customers upload the pictures of items they are looking for and provide the closest options with the best prices.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Multi-lingual Chat and Information<\/span><\/h3>\n<p><span style=\"color: #000000;\">International retailers and customers need support for real-time translation between multiple languages, for the information and data on the app or the website. All communication with users must be in their chosen language as far as possible. The SEO must also be optimized for multi-lingual support to allow your store to be compliant with Google\u2019s multi-lingual SEO best practices.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Customer Dashboard<\/span><\/h3>\n<p><span style=\"color: #000000;\">Our responsive multi-seller Online Marketplace allows buyers to compare offers on a product from multiple sellers and grab the best deals. These features appear are on the customers\u2019 dashboard on the app or website to provide them with more control and more power in their hands.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Compare products based on vendors, ratings, and reviews on the seller list page.<\/span><\/li>\n<li><span style=\"color: #000000;\">Give and view the ratings and reviews of the product and sellers.<\/span><\/li>\n<li><span style=\"color: #000000;\">Detailed product brochure and information<\/span><\/li>\n<li><span style=\"color: #000000;\">Loyalty benefits<\/span><\/li>\n<li><span style=\"color: #000000;\">Image Gallery<\/span><\/li>\n<li><span style=\"color: #000000;\">Product shopping<\/span><\/li>\n<li><span style=\"color: #000000;\">Order history<\/span><\/li>\n<li><span style=\"color: #000000;\">Location-based recommendations<\/span><\/li>\n<li><span style=\"color: #000000;\">Special offers and coupons<\/span><\/li>\n<li><span style=\"color: #000000;\">Package tracking<\/span><\/li>\n<li><span style=\"color: #000000;\">Chat with suppliers and logistics partners<\/span><\/li>\n<\/ul>\n\n<p><img data-dominant-color=\"8d8a86\" data-has-transparency=\"true\" style=\"--dominant-color: #8d8a86;\" decoding=\"async\" loading=\"lazy\" class=\"has-transparency wp-image-10385 size-full aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/12\/marketplace-app-development-like-amazon.png\" alt=\"marketplace app development like amazon\" width=\"800\" height=\"714\" srcset=\"https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125743\/marketplace-app-development-like-amazon.png 800w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125743\/marketplace-app-development-like-amazon-300x268.png 300w, https:\/\/live-arkasoftwares.s3.amazonaws.com\/uploads\/2020\/12\/17125743\/marketplace-app-development-like-amazon-768x685.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000000;\">Source: <a href=\"https:\/\/www.amazon.in\/s?k=foxiie\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0874b9;\">Amazon<\/span><\/a><\/span><\/strong><\/p>\n\n<h3><span style=\"color: #000000;\">Retailer Dashboard<\/span><\/h3>\n<p><span style=\"color: #000000;\">The responsive vendor panel for a marketplace manages profile, sales, products, reports, settings, etc.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Different product types<\/span><\/li>\n<li><span style=\"color: #000000;\">Edit the shop URL for the Profile page, collection page, review page, Location page.<\/span><\/li>\n<li><span style=\"color: #000000;\">Retailers can add, update, delete or modify the deals on products from their dashboard<\/span><\/li>\n<li><span style=\"color: #000000;\">Track their sales, profits, taxes, commissions, charges, orders, comment and reviews, and other reports<\/span><\/li>\n<li><span style=\"color: #000000;\">Acknowledge, confirm or reject customer orders<\/span><\/li>\n<li><span style=\"color: #000000;\">Product catalogs<\/span><\/li>\n<li><span style=\"color: #000000;\">View all orders \u2013 pending, shipped, completed, cancelled, returned<\/span><\/li>\n<li><span style=\"color: #000000;\">Manage inventory<\/span><\/li>\n<li><span style=\"color: #000000;\">Transaction history<\/span><\/li>\n<li><span style=\"color: #000000;\">Deal management and discount coupons<\/span><\/li>\n<li><span style=\"color: #000000;\">Package tracking<\/span><\/li>\n<li><span style=\"color: #000000;\">Returns and Refunds<\/span><\/li>\n<li><span style=\"color: #000000;\">Customer complaints and claims panel<\/span><\/li>\n<li><span style=\"color: #000000;\">Provide customer support<\/span><\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Admin Dashboard and Control Panel<\/span><\/h3>\n<p><span style=\"color: #000000;\">You, the system\u2019s admin, need a super dashboard to monitor, manage, and control all aspects of your app and website in real-time. They must be able to provide customization, retailer management, customer management, and many more services that form the backbone on which the app\u2019s entire structure and the website hinges.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Modify, add, or remove retailer profiles<\/span><\/li>\n<li><span style=\"color: #000000;\">Allow sellers to add up-sell products to boost sales.<\/span><\/li>\n<li><span style=\"color: #000000;\">Customize different layouts for landing page<\/span><\/li>\n<li><span style=\"color: #000000;\">Configure landing page elements like banner, banner content, button label, and icons<\/span><\/li>\n<li><span style=\"color: #000000;\">Supplier management<\/span><\/li>\n<li><span style=\"color: #000000;\">Customer management<\/span><\/li>\n<li><span style=\"color: #000000;\">Catalogue management<\/span><\/li>\n<li><span style=\"color: #000000;\">Logistics management<\/span><\/li>\n<li><span style=\"color: #000000;\">Payments gateway management<\/span><\/li>\n<li><span style=\"color: #000000;\">Generate analytical reports<\/span><\/li>\n<li><span style=\"color: #000000;\">Digital marketing management<\/span><\/li>\n<li><span style=\"color: #000000;\">Generating unique QR codes<\/span><\/li>\n<li><span style=\"color: #000000;\">Auto email, message, and push notification settings<\/span><\/li>\n<li><span style=\"color: #000000;\">Multi-lingual support<\/span><\/li>\n<li><span style=\"color: #000000;\">Instant Chat or Messaging<\/span><\/li>\n<li><span style=\"color: #000000;\">Transaction management<\/span><\/li>\n<\/ul>\n\n<p><a href=\"https:\/\/www.arkasoftwares.com\/contact-us?utm_source=blogs&amp;utm_medium=banner&amp;utm_campaign=Blog_Enquiry\" target=\"_blank\" rel=\"noopener\"><img data-dominant-color=\"143472\" data-has-transparency=\"false\" style=\"--dominant-color: #143472;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent size-full wp-image-4565 aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2019\/03\/mobileapp-development-team.jpg\" alt=\"hire mobile app developer\" width=\"800\" height=\"100\" \/><\/a><\/p>\n\n<h3><span style=\"color: #000000;\">Benefits<\/span><\/h3>\n<p><span style=\"color: #000000;\">With the growing popularity of eCommerce marketplaces, you need newer and innovative ways to keep your customers coming back to your platform. Most marketplaces go to great lengths to make their retailers and brands easy to market, sell, and fulfill customer needs.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Fast launch times:<\/strong> Once you are approved as a retailer on the marketplace, you can upload your product details and start selling.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Established programs:<\/strong> Retailers can make use of established programs and marketing plans of online marketplaces to help you in marketing, selling, and order fulfilling. For example, Amazon provides Amazon Advertising support to its retailers. These digital marketing programs have tools to help you promote your products to the right customers.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Large customer bases:<\/strong> Established online marketplaces provide a very large customer base who regularly shop on these sites.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Extended Reach:<\/strong> Marketplaces allow retailers to sell products to any customer anywhere in the world without having them in the store physically.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Level Playing Field to Small Retailers:<\/strong> It provides the sellers with a level-playing field to compete with big players and transfer the savings directly to the users. The sellers need not pay exorbitant commission charges and still can sell their products cheaper on your platform. A fair marketplace where both the sellers and buyers get benefits.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>No active inventory needed:<\/strong> Retailers can maintain zero to very little active inventory, and your contracted supplier can ship the products straight to your customers. You can eliminate inventory costs by 100%.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Work from anywhere and at any time:<\/strong> You can start and manage your online retail store, on an eCommerce marketplace, for fashion apparel, electronics, and almost anything, as long as you have an active internet connection with a computer.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Least Starting Costs:<\/strong> When you start a traditional online eCommerce store, there are many expenses to start one \u2013 like hosting, web development, branding, etc. When you create an online retail store on a <span style=\"color: #0874b9;\"><strong><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\">marketplace app like Artfire<\/a><\/strong><\/span>, Amazon, Flipkart, or ETSY your costs are the least compared to other options.<\/span><\/li>\n<\/ul>\n\n<h2><span class=\"ez-toc-section\" id=\"Factors_that_should_be_considered_in_developing_such_an_application\"><\/span><span style=\"color: #000000;\">Factors that should be considered in developing such an application<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Many factors affect your <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\"><strong>online marketplace app development<\/strong><\/a><\/span>. Some are pure business in nature, while some others are purely technical, and others are a bit of both.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Have a Business Plan<\/span><\/h3>\n<p><span style=\"color: #000000;\">You are not just starting a website; you are starting a business. And every business needs a viable and proper plan to succeed.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Choose the Right Business Model (B2B\/B2C)<\/span><\/h3>\n<p><span style=\"color: #000000;\">Different eCommerce <a href=\"https:\/\/www.arkasoftwares.com\/blog\/on-demand-business-model-app-best-bet-for-startups\/\" target=\"_blank\" rel=\"noopener\"><strong>business models<\/strong><\/a> are suitable for different sectors or different customer bases. A B2B online store requires more robust enterprise-grade features, streamlined workflow and business processes, and a managed dashboard for manufacturers, distributors, brand owners, and retailers. B2C stores require more user-friendly features than a B2B store to attract potential customers and handle higher loads.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Target Customers and Markets<\/span><\/h3>\n<p><span style=\"color: #000000;\">Choose your target market, audience, and products wisely. If you do not offer correct products to correct people, they do not expect anyone to buy them. Once you have identified the audience and geography for your business, design your complete strategy around them.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Select the Platform<\/span><\/h3>\n<p><span style=\"color: #000000;\">Many platforms and frameworks are available for the <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/ecommerce-development-company\" target=\"_blank\" rel=\"noopener\"><strong>marketplace website development <\/strong><\/a><\/span>and app. The target audience must direct you in choosing the appropriate one or target most\/all platforms using a hybrid app.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Build a Store<\/span><\/h3>\n<p><span style=\"color: #000000;\">Building an online eCommerce store in a marketplace is an easy process. A well-designed storefront can help you pull a lot of customers.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Integrate with a logistics solution<\/span><\/h3>\n<p><span style=\"color: #000000;\">To ensure timely and safe Shipping of orders to your customers, tie-up with the best logistics companies like UPS, Aramex, FedEx, or DHL. They provide an API to live track your shipments.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Payment Gateway<\/span><\/h3>\n<p><span style=\"color: #000000;\">Major responsibility will ensure that your customers trust you with their money. Provide them multiple but safe and secure options.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Onboard Retailers<\/span><\/h3>\n<p><span style=\"color: #000000;\">To build a scalable and profitable marketplace, onboarding as many as possible reputed retailers is a necessary step. They will drive your online marketplace with their product offers.<\/span><\/p>\n<h3><span style=\"color: #000000;\">UI\/UX Design<\/span><\/h3>\n<p><span style=\"color: #000000;\">For any great and successful app or website, a great UI\/UX design that eases navigation, search, filtering, and check-out process is necessary. The catalogue design, featured products, offers, and discounts need to be highlighted and presented beautifully. The UI\/UX must consider responsive design and allow for older devices for a broader audience.<\/span><\/p>\n<h3><span style=\"color: #000000;\">Support &amp; Maintenance<\/span><\/h3>\n<p><span style=\"color: #000000;\">A dependable team of developers and maintenance engineers is needed to provide 24&#215;7 to suppliers, logistics partners, and customer support for their technical problems and needs.<\/span><\/p>\n\n<p><a href=\"https:\/\/www.arkasoftwares.com\/contact-us?utm_source=blogs&amp;utm_medium=banner&amp;utm_campaign=Blog_Enquiry\" target=\"_blank\" rel=\"noopener\"><img data-dominant-color=\"add0aa\" data-has-transparency=\"false\" style=\"--dominant-color: #add0aa;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent size-full wp-image-9458 aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/07\/Mobile-app-development-cost-usa-uk.jpg\" alt=\"Mobile app development cost usa uk\" width=\"1000\" height=\"220\" \/><\/a><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Technology_stack_that_is_to_be_used_for_Marketplace_App\"><\/span><span style=\"color: #000000;\">Technology stack that is to be used for Marketplace App<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">The proposed technology stack is tested, reliable, and open and has been used to develop many apps. At Arka Softwares, we have many skilled and experienced developers who rely on this stack for hundreds of different successful apps. Remember that the choice of the tech stack affects the <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\"><strong>development cost of Marketplace App like Etsy<\/strong><\/a><\/span>.<\/span><\/p>\n<p><span style=\"color: #000000;\">These are the technologies that experienced developers at Arka Software have relied on:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Push Notifications:<\/strong> FCM and APNS<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Powerful Programming Mandrill:<\/strong> GWT<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Database:<\/strong> MongoDB, Cassandra, HBase, Postgres<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Cloud Environment:<\/strong> Google and AWS<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>SMS, Voice as well as Phone Verification:<\/strong> Twilio, Nexmo, or Sinch<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Universal Operating System:<\/strong> Debian, Macintosh, Ubuntu, CentOS<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Data Management:<\/strong> Datastax<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Available payment options:<\/strong> Stripe and PayPal<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Real-time Analytics:<\/strong> Apache Flink, IBM, Spark, Hadoop, BigData, Cisco<\/span><\/li>\n<\/ul>\n\n<h3><span style=\"color: #000000;\">Required Team Structure<\/span><\/h3>\n<p><span style=\"color: #000000;\">Your investments in time, effort, and money all can go down the drain if an inexperienced team is chosen for a project of this complexity.\u00a0<\/span><span style=\"color: #000000;\">Whatever the features, type, and complexity of the mobile app and website, you must ensure to hire the best and experienced professionals like Arka Software. The team must have a good portfolio of app and web solutions, including scalable eCommerce and drop shipping apps.<\/span><\/p>\n<p><span style=\"color: #000000;\">A typical experienced team will have:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>App Developers:<\/strong> Includes back-end app developers, front-end app developers, hybrid \/ Android\/ iOS app developers \u2013 as per your needs.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Project Manager:<\/strong> Project manager with the requisite experience and managerial skill set.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>App Designers:<\/strong> Includes graphic designer and expert UI\/UX designers.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>App Testers:<\/strong> Includes team to run manual and automated tests for quality assurance.<\/span><\/li>\n<\/ul>\n\n<p><img data-dominant-color=\"5b5247\" data-has-transparency=\"false\" style=\"--dominant-color: #5b5247;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent size-full wp-image-8508 aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/03\/mobile-app-development-team.jpg\" alt=\"mobile app development team\" width=\"850\" height=\"567\" \/><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_development_cost_of_such_Apps\"><\/span><span style=\"color: #000000;\">What is the development cost of such Apps?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Estimating the <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/blog\/mobile-app-development-cost\/\" target=\"_blank\" rel=\"noopener\">cost for a mobile app development<\/a><\/span> must consider many factors \u2013 a list of features, tech-stack, design elements, <a href=\"https:\/\/www.arkasoftwares.com\/blog\/how-do-free-apps-make-money\/\" target=\"_blank\" rel=\"noopener\">monetization model<\/a> to be integrated, deployment options, management options, and many more.<\/span><\/p>\n<p><span style=\"color: #000000;\">Simply put, you do not want to incur high costs initially to start an online marketplace platform. Therefore, consider some factors:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Choice of B2C, B2C, or any out-of-the-box business models<\/span><\/li>\n<li><span style=\"color: #000000;\">Project complexity and customizations<\/span><\/li>\n<li><span style=\"color: #000000;\">Choice of the answer \u2013 custom-built, turnkey solution with plugins, fully-hosted and managed multi-vendor solution<\/span><\/li>\n<li><span style=\"color: #000000;\">Additional requirements like mobile apps etc.<\/span><\/li>\n<li><span style=\"color: #000000;\">App features, including both must-haves and advanced features<\/span><\/li>\n<li><span style=\"color: #000000;\">The selection of the platform, that is, iOS or Android or both<\/span><\/li>\n<li><span style=\"color: #000000;\">Front-end app development<\/span><\/li>\n<li><span style=\"color: #000000;\">Back-end app development<\/span><\/li>\n<li><span style=\"color: #000000;\">UI\/UX development<\/span><\/li>\n<li><span style=\"color: #000000;\">Website connectivity<\/span><\/li>\n<li><span style=\"color: #000000;\">Third-part API integration \u2013 for payment gateway, social media log in, etc.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">At <strong>Arka Softwares<\/strong>, we have successfully built and deployed many <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/ecommerce-development-company\" target=\"_blank\" rel=\"noopener\">eCommerce apps<\/a><\/span>, and therefore, we are in a unique position to help you with this complex estimation process.\u00a0<\/span><span style=\"color: #000000;\">We can develop, test, and deploy the app, its SaaS solution, and the website within a timeframe of 12 to 18 weeks.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><span style=\"color: #000000;\">Depending on the features that you will decide the <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\">cost of marketplace apps like Amazon or Etsy<\/a><\/span> might lie between <strong>USD 25,000 to USD 50,000<\/strong> with an India-based development company like Arka Softwares. <\/span><\/p>\n<p><span style=\"color: #000000;\">With a development team based in Eastern Europe, it can be 1.5 times, and in OECD countries in Western Europe, the USA, or Australia, it will be anywhere between 2x to 2.5x of this cost.<\/span><\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span style=\"color: #000000;\">Conclusion<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Creating an appealing, easy-to-use, and powerful <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/services\/mobile-app-development-company\" target=\"_blank\" rel=\"noopener\">online marketplace app like Amazon or\u00a0Flipkart<\/a><\/span>, ETSY, or Artfire is our business at Arka Softwares. Making the company grow by marketing, creating a network of suppliers and logistics partners, and attracting users with the best products and deals is yours.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">When you partner with us, our complimentary powers can combine. With a digital solution, you can attract customers, provide them with the comfort of shopping from anywhere, at any time, and the best rates possible.<\/span><br \/>\n<span style=\"color: #000000;\">If you have any queries or doubts, please contact our customer support managers by filling up the information <span style=\"color: #0874b9;\"><a style=\"color: #0874b9;\" href=\"https:\/\/www.arkasoftwares.com\/contact-us\" target=\"_blank\" rel=\"noopener\">request form<\/a><\/span>.<\/span><\/p>\n<h5><span style=\"color: #000000;\">Some good reasons to choose us<\/span><\/h5>\n<ul>\n<li><span style=\"color: #000000;\">Experienced in setting up online marketplaces.<\/span><\/li>\n<li><span style=\"color: #000000;\">Best designs, responsive marketplace website.<\/span><\/li>\n<li><span style=\"color: #000000;\">More than 10 Years in Industry<\/span><\/li>\n<li><span style=\"color: #000000;\">150+ satisfied Clients<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.arkasoftwares.com\/contact-us?utm_source=blogs&amp;utm_medium=banner&amp;utm_campaign=Blog_Enquiry\" target=\"_blank\" rel=\"noopener\"><img data-dominant-color=\"356d89\" data-has-transparency=\"false\" style=\"--dominant-color: #356d89;\" decoding=\"async\" loading=\"lazy\" class=\"not-transparent size-full wp-image-8443 aligncenter\" src=\"https:\/\/live-arkasoftwares.s3.us-east-1.amazonaws.com\/uploads\/2020\/03\/Abdullah-Nawaf.jpg\" alt=\"Mobile app development client review\" width=\"800\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People love their convenience, and anyone who can add to their convenience is rewarded handsomely. Shopping is one thing that most people like to do when they are excited, celebrating,&nbsp;[\u2026]<\/p>\n","protected":false},"author":1,"featured_media":10405,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[579],"tags":[1237,1236],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/posts\/10359"}],"collection":[{"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/comments?post=10359"}],"version-history":[{"count":1,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/posts\/10359\/revisions"}],"predecessor-version":[{"id":35579,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/posts\/10359\/revisions\/35579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/media\/10405"}],"wp:attachment":[{"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/media?parent=10359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/categories?post=10359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arkasoftwares.com\/blog\/wp-json\/wp\/v2\/tags?post=10359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}