Business | 🥇Mangosoft

How To Create a Marketplace App – A Sequential Tutorial

Nowadays, marketplace applications are a rising trend, mainly with the supremacy of leading companies (Uber, eBay, Amazon). These businesses with a high income have developed unprecedentedly. It cleared up such […]

7 Jul 5995 views 20 min

How Much Does It Cost to Build a Marketplace?

In 2000, Amazon changed the way we shop today. There are many other e-commerce websites where most of us turn to find absolutely everything. Shopping online is much more convenient […]

5 Jun 2825 views 10 min

What’s a Dedicated Development Team Model in Software Engineering and How to Use It

The dedicated development team model is a popular collaboration model in today’s software development world. It’s a working approach that will come in handy in various situations. It offers significant […]

5 Jun 1573 views 15 min

Outsourcing in Ukraine in 2024: Analyzing Risks and Benefits

Have you ever wondered how a country’s IT sector could thrive during wartime? In the case of Ukraine, the answer is truly remarkable. Despite the big challenges of the ongoing […]

5 Jun 27895 views 10 min

Top 5 Peer-to-Peer Lending Companies: 2024 Full Market Research

In recent years, the popularity of peer to peer lending companies has grown steadily. In 2022, the cost of the global P2P lending market amounted to $110.9 billion. Yet, its […]

3 Jun 15636 views 15 min

Freelancing Vs Outsourcing – What’s the Difference and What to Choose?

Have an idea for your business project to develop in the future but don’t want to hire an in-house team of developers? Well, you’re not alone. Many entrepreneurs struggle to […]

5 May 5068 views 11 min

10 Best Fintech Companies in 2024: Full Market Research & Analytics

Fintech companies transform relationships with money due to innovative software. An increasing number of financial institutions are adopting tech solutions for different operations – payments, exchanges, insurance, finance, and banking […]

3 May 4123 views 10 min

How Much Does an E-commerce Website Cost in 2024?

There is no universal answer to the question about the cost to develop e-commerce websites. Indeed, the costs depend on the development service provider you choose and the needs of […]

1 May 5252 views 10 min

What is an MSA? How Master Service Agreements Should Work

Have you ever heard of an MSA, Master Service Agreement? If not, you may be missing out on an important contractual tool that can help your business protect itself and […]

12 Jan 3213 views 15 min

1
2
3

FAQ

Which platform is best for building a marketplace?

The best platform for building a marketplace app depends on your specific needs and resources. Custom development offers the most flexibility for creating a unique and complete marketplace app, but it's costly and requires a skilled development team.

SaaS solutions like Sharetribe or Marketplacer are cost-effective and quicker to launch, ideal for those with limited technical resources. Conduct thorough market research to understand your target audience and choose a marketplace platform that aligns with your business model, supports secure payment systems, and can scale as your online marketplace business grows.

How much time is required to develop a marketplace website?

The time required to develop a marketplace website varies, but generally, it takes 3 to 6 months to create a complete marketplace app. This timeline includes:

1. market research; 2. planning the marketplace business model; 3. designing the user interface: 4. and the entire development process.

Factors influencing this timeline include the complexity of features, the experience of the development team, and the need to support multiple platforms like marketplace mobile apps.
Using a marketplace app development company can streamline the process and ensure the integration of essential features like a secure payment system.

How do you select the appropriate tech stack for building a marketplace app, and what factors should you consider in this decision?

When selecting the appropriate tech stack for building a marketplace app, we try to consider several key factors:

1. Market Research: Understanding your target audience and their preferences.
2. Business Model: Ensuring the tech stack supports your marketplace business model.
3. Development Team: Choosing technologies that your team is proficient in.
4. Scalability: The stack should support the growth of your online marketplace business.
5. Security: Prioritizing technologies that ensure a secure payment system.
6. Cost: Considering the marketplace app development cost and budget constraints.
7. Multiple Platforms: Ensuring compatibility with both web and mobile marketplace apps.

The right tech stack is crucial for creating a successful marketplace app that meets user needs and supports business growth.

Let’s get in touch

Just share the details of your project! We will reply within 24 hours.