As the world is progressing more towards the online platform, it is obvious that the need of giant multi vendor Marketplace App like FlipKart will be merging aggressively. First of all, we should understand about the meaning of multi-vendor market place app.

What Are Marketplace Apps?

A platform where both sellers and buyers joins together in massive numbers to execute the online shopping is known as online market place. Further, it works as the bridge between different groups, offers a practicable environment and required guarantees. A marketplace application is considerably different from an online store.

A marketplace app is fashioned by today’s generation for easy and smooth shopping on a device like a mobile or a tablet. These apps are different as per the type of products they offer, the size, and the way they advertise themselves. Marketplace apps like FlipKart fix all issues that buyers have with online buying scenario.

Online marketplaces assemble buyers and sellers through apps like FlipKart. While acting like digital bridge, they bring buyers and sellers together to make dealings efficiently. The buyers have full right to choose what to purchase and sellers can offer various products to customers.

Multi Vendor Ecommerce App Marketplace Structure

The opportuneness which FlipKart offers, it is motivating internet economies all across the world. By uplifting liquidity via commissions, value-added services, and advertising, online marketplaces have the qualities of the cash cow of different companies. These shopping platforms have replaced all web sectors in terms of online traffic growth.

The easeness of buying through online platform has provided the extra faith to customers in online marketplaces as they offer a wide variety of products from both small and large sellers worldwide. Online marketplaces don’t need to maintain product descriptions, logistics, inventories, and product images as the responsibility is on the sellers.

The sellers too get a definite market place for handing their orders and selling stuff. The buyers have the access to the online inventory and review the real-time data about the goods that are updated timely.

Types of Online Marketplaces

These are the types of online marketplaces based on core focus:

#Horizontal Marketplace

This type of marketplace sells many products and services to a wide range of customers across different industries. Horizontal marketplace follows the concept of one-stop shop and fulfill the various customer needs in one place. Most famous marketplaces like eBay, AliExpress and Amazon are the best examples.

#Vertical Marketplace

Vertical marketplace is based on a specific category or niche. This marketplace offers a range of products from several vendors but of a similar type. Therefore, a vertical marketplace will definitely improve customization and be different from others who sell many goods. Myntra is a good example of this marketplace that usually sells clothing & wearable items on a large scale.

The below mentioned are the types of marketplaces based on their target audience.

1. Business-to-customer Marketplace

B2C or Business-to-Customer marketplace is a market place platform where sellers sell goods to consumers. Some common examples include Amazon, and FlipKart.

2. Business-to-business Marketplace

Business-to-business or B2B marketplace is the one where wholesale suppliers sell goods to other businesses at a wholesale rate. Walmart and Alibaba are common examples.

3. Customer-to-customer Marketplace

Customer-to-customer or C2C marketplace is a platform where consumers sell goods to other consumers. A well-known example is Mynta.

4. Must-Have Features of Marketplace Apps

To develop a marketplace app like FlipKart successfully, ensure to add most of these features:

#Easy Registration Process

An easy registration process can binds & attracts many users on a marketplace app. You need to keep the entire registration process as easy and small as possible so the users don’t need to wait patiently to explore your application.

#Social Media Integration

Integrating your mobile application with social platforms is one of the best ways to allow users to use your marketplace app. Apart from the one-touch login facility, the users must get access to your app with only a few clicks through Facebook, Twitter, Gmail, and other different social platforms.

#Advanced Search Options

This is an important yet simple feature helps you sell your goods efficiently. With effective and advanced search options, users can multiple choice as per their requirement of search.

#Voice Search

Voice Search feature is going to transform the search for products and services soon. One must optimize this feature the way that the products’ info must be compatible with the voice search parameters.

#Add to Cart

Add to cart feature to your marketplace application for the customers who sometimes don’t buy a product on the spot and later take decision about their cart choices and make the purchase.

#Multiple Payment Choices

Every customer has a different payment choice. Hence, using a varied variety of payment gateways to offer multiple payment choices to your consumers is best way to attract numerous customers.

#Push Notifications

Push notifications keep repeating the users of what products they are missing. This is the best way to keep the track of customers who searched their product and did not buy that time but later might that notification help them to make the purchase.

#Ratings & Reviews

Ratings 7 Reviews features are the must if you want to develop a marketplace app like FlipKart. It adds a credibility & a knid of trust element in the genuineness of your products and services. Moreover, it helps consumers make a detailed decision while helping you understand the things that you need to work on.

#Photo Shopping

This feature helps buyers to search the product using the picture of it without using the brand or name of the product. Presently, many online biggies are using this feature.

#Augmented Reality

Integrate your marketplace app with AR technology. This feature helps the app in means to offer visitors the scope to analyze the products and services visually before finalizing the payment.

Further, as you know that the above mentioned are the must-have features, explore some other features of the marketplace app for Users, Sellers, and Admin. Let’s have a look!

Key Features of Marketplace App Regarding Admin

  • Reports and analysis
  • User and admin management
  • Category management
  • Feedback and support
  • Seller and product management
  • Payment and refund management
  • Discounts and offers management
  • Banner and logistics management

Key Features of Marketplace App Regarding Sellers

  • Social sign-up and login
  • Offers and discounts
  • Notifications
  • Inventory management
  • Settlement module
  • Reports and analysis
  • Feedback and seller support
  • Order and return management
  • Ratings and reviews
  • Order and return management
  • Ratings and reviews

Key Features of Marketplace App Regarding Users

  • Product listing
  • Product description page
  • Favorites listing
  • User profile
  • Social sign-up and login
  • Questions & Answers
  • Add to cart
  • Shipping and billing addresses
  • Checkout page
  • Order tracking and history
  • Delivery status
  • Ratings and reviews

How to Develop a Marketplace App like FlipKart?

FlipKart is a successful example for every eCommerce startup. This marketplace giant serves an attractive UI and multiple engaging features. In case you want to develop a marketplace app like FlipKart, follow these steps mentioned below:

#Research & Planning

With proper research and planning, you may make effective decision about the features & functionalities of a marketplace app.

#Select the Platform to Launch Your App

Next, selection of the right platform for launching your app is must for smooth running of the business. Apple App Store and Google Play Store are the prominent options in the market.

For making a choice of the best platform, understand your consumers’ Geolocation, determine the time to develop the app, and decide your customers as rich people. Generally, use iPhones and a large number of middle-class consumers choose Android.

#Decide The App Functionalities & Features

Functionalities & features of marketplace app decide the future possibilities of your business. So, apart from making mobile app look attractive, mend your application easy to use, simple, and hassle-free. This will aid an extra chance of converting a visitor into a promising customer.

#UI/UX Design

UI/UX design is an essential factor to appeal users and inspires them to invest in your app. Keep the application design simple, colourful & attractive so that the users feel easy to access the functionality.

#Choose the Technology Stack

Choice of the right technology stack for a mobile app development project is domineering, and it should be done very carefully. To build a marketplace app, generally people choose native technology to cater the complex functionalities in a simple way. And further, it avoids the unusual crashing of marketplace app.

#Hire a Skilled Team of Experts

To create your FlipKart-like marketplace app, hire highly experienced team of developers. Your team should incorporate definite number of individuals like business analysts, project managers, front-end developers, backend developers, UI/UX designers, Android and iOS app developers, and QA experts.

#Decide the Final Development Cost

Every business has a unique & distinct mindset for creating their marketplace application. Hence, while choosing the development team and further proceeding with it, it should be kept in mind that how much you want to spend on the mobile application. Further, it is advisable that we should check the feasibility of the mobile application so that it should meet the expectation of the business need.

Conclusion

The cost to develop a marketplace app like FlipKart depends on many factors. Moreover, the app development cost varies from organization to organization and platform you choose. If you have requirement of mobile application like FlipKart, please do call us or mail us for best mobile app solutions!