According to a Statista.com analysis, every second people spend using apps on their smartphones doubled between 2015 and 2020. This study confirmed the importance of applications in the relationship of these users with their mobile devices, and perhaps this explains the efforts of many entrepreneurs in recent years to turn their ideas into smart applications.
What is the cost to the entrepreneur if he wants to build a smartphone application like OLX? In order to answer this question, we will try to estimate the approximate cost of creating some large and well-known applications like OLX and Quickr, based on a number of criteria and data. We will also see some additional factors that determine the true price of the mobile app industry.
People who have never dealt with IT have no idea how much it costs to develop an application. This article will be useful for those who want to understand what stages the application development process consists of, what affects the price and, most importantly, where you can save money but not miss out on quality.
Let’s get started-
Monetization Business Models of Classified App
- Certified Sellers
- Membership fee
- Transaction fee or commission
- Featured and ad lists
- Fees for Leeds Generation
Features That You Should Have In Your Classified Mobile Applications
Mobile app development company in India you hire should have expertise in bringing out the most innovative and helpful features to make ad posting easier and simpler. Ask mobile app development team to build an interactive and feature-rich classified app for your business.
Key features used in online classified application-
- User Panel
- Admin Panel
- Advanced Features
- User Panel
- Login and registration
- Browse or search
- Search by filters
- Choose categories
- Discover ads near you
- Wish list
- Rating and reviews
- Post a query
- Multiple product images
- Related products
- Easy product uploading or posting
- Various payment options
- In-app chat with buyers and sellers
- Free listing
- Geo-location Integration
- Social Network Integration
- In-app Payment
- Certified Sellers
- In-app Camera
Technology Stack, You Should Consider
Framework and technologies that we use to build superlative web and mobile applications:
- Real-time Notifications: Twilio and Push.io
- Real-time Analytics: Apple Flink, Hadoop, Spark, IBM, and Big Data
- Database: Hbase and MongoDB
- Cloud Environment: Microsoft Azure, AWS, and Google
- Mobile Platforms: Android, iOS
- Voice, SMS, and Verification Process: Twilio, Nexmo
- Payment Gateways: e-wallets, PayPal, Braintree, and Stripe
Development From Scratch-
In this case, you or a hired mobile app development company in India are responsible for the entire process of website development. It is longer, more expensive, and more difficult, but this way you will not overpay for unnecessary functionality, you will be able to develop a unique design and retain the copyright for the created software.
The estimated cost of building an app like OLX is:
Time 50 USD/H 100 USD/H
Interface (UX / UX) 60 hours 3000 6000
Technical documentation 40 hours 2000 4000
Frontend and internal development 400 hours 20000 40000
Polishing and fixing bugs 40 hours 2000 4000
Total 540 hours 27000 54000
Note- Regardless of the development method you choose, hire programmers who will connect the hosting, SSL certificate and set up the site correctly. This is especially important if your site will be responsible for financial transactions between users.
Buy & sell applications like OLX are turning out to be more famous step by step, consequently, it is the best ideal opportunity to begin your own Classified application. As we examined before, the advancement cost of an application like OLX and Quikr relies upon the highlights and usefulness of the application. The application with fundamental features and technology would cost you somewhere near $2000-$25000 if you add advanced features then the cost is somewhere around $30000. You can minimize the cost by hiring mobile app developer or mobile app development company in India.