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Forbes magazine reported that the eLearning industry is estimated to reach a whopping USD 325 billion by 2025. With the success of platforms like Coursera, a lot of entrepreneurs are encouraged to create an elearning app with some really unique concepts, features and functionalities.

Coursera was a combination of a billion dollar idea supported by a reliable and stable platform. Let’s deep dive into the story to create your own elearning app like Coursera and its development cost.

What Is the Background of Coursera?

coursera

Prior to benchmarking your eLearning app against an established business, it is important that you are aware of its history and pathway to success.

The story of Coursera began with two Stanford Professors from the Computer Science department way back in 2012. They were inspired by the range of online programs being offered by Stanford.

Incidentally, when they launched the Coursera platform, Stanford was the first university of its stature to offer course content. The platform evolved with the founders offering more specialised content that was aimed at drawing a larger student base.

Since then, the rise has been meteoric and there has been no looking back. Unquestionably, they’ve done something right. Therefore, let’s take a look at what really distinguishes Coursera from its competitors:

  • Its advanced technology provides a world-class learning experience
  • Dynamic and competitive pricing policy for their courses with options of free modules
  • Its rating system is a benchmark to evaluate educator expertise and content quality on an ongoing basis
  • Multi-lingual educational content gives students the opportunity to learn from experts from across the globe
  • A dedicated course creation toolkit that enables the quick formulation of free and premium courses
  • A network of global educators and instructors who are keen to share their knowledge and experience

This information can certainly help in building your platform’s foundation. Draw on the strengths and weaknesses to come up with your own one-of-a-kind idea. But before that, look at Coursera app features, steps to create, and, of course, the development cost that can act as your guide.

Define Your Niche

Think about the courses that you intend to offer even before you have started to create the Coursera app. It is best to concentrate on subject areas that are popular. This can help in quick revenue generate for the platform.

Some common areas that you can focus on are:

  • Business and Entrepreneurship
  • Marketing and Sales
  • Finance
  • Health
  • Fitness
  • Arts and Crafts
  • Education
  • Personal Development
  • Computer and Technologies

What Are the Essential Features of an e-Learning Platform?

For any first time venture, experts recommend choosing an MVP model for your app that should be integrated with the core features and functionalities. You can keep adding new features as the platform gains in popularity.

Now, time to take a more detailed look at the eLearning platform features.

coursera app features

#1. User Registration

All eLearning apps must have a user registration process before students can start their learning experience. The common ways that the majority of applications adopt these days is using phone number/email id with a password combination.

Many platforms also choose to integrate quick registrations through social media handles like Google, Facebook, LinkedIn, etc.

However, the registration system should have all the necessary algorithms in the backend to authenticate the credentials easily. Plus, it should be secure for users to share their personal information.

#2. Profile Management

The platform needs to have dedicated sections for both students and teachers to manage their profiles.

For Student Profile Management, the information that needs to be gathered include:

  • User info
  • Enrolments
  • A list of active and completed courses
  • Information about earned certificates/credits/points
  • History of purchases and transactions
  • Wishlist
  • Profile settings

On the other hand, instructors and teachers who are registered on the eLearning platform should be allowed to build their profiles with similar information such as:

  • Info page (with information about degree or establishment they represent)
  • List of added courses

#3. Search Filters

All eLearning platforms will comprise of a catalogue of courses. For sites like Coursera that hosts hundreds of programs, prospective learners should have access to a tool to look up information that they need.

Common search tools that should be integrated are:

  • Search bars enabled with keywords
  • Filters such as level, price, language, rates, etc.
  • Categories
  • Popular program or recommended courses

#4. Categories and Subcategories

As the number of courses increase, you need to ensure that they are divided into categories and subcategories. This can be done by engineers using special algorithms that can organise the programs in a consistent manner.

Major categories can include:

  • Liberal arts / Humanities
  • Natural Sciences
  • Engineering
  • Computational Sciences
  • Languages
  • Business
  • Self-development

Advanced categorisation should be able to match courses to the learner’s interests.

#5. Featured Courses

It can be overwhelming for prospective learners on how to start searching for programs. In fact, many are unsure of what they wish to pursue even after they have landed on the platform.

A Featured Courses section basically highlights a block of trending programs on the site’s main page. This list can help users get started on their search for programs.

Read Also : How to Create an App Like Byjus ?

#6. Tag New Courses

Apart from Features Courses, another way to discover new programs is by enabling a tagging system. Students can tag their friends to the relevant fields of courses which makes it easier for the word to get around.

Alternatively, newly launched programs can be made visible to registered students on their respective home pages or on the recommendation list.

#7. Recommendations

Course Recommendations is an innovative feature to help learners discover new programs that they probably did not think of before. The algorithm assesses key information about the user’s views and interests and generates insights to recommend course suggestions based on:

  • Courses based on your recent activity
  • Because you viewed X
  • Most popular in X
  • Most popular courses
  • Most popular certificates
  • Trendy courses

#8. Course Page

The course page highlights the complete outlines of the program in question. Generally, the page captures the following information:

  • Brief description
  • Information about its creator
  • Usage instructions
  • Syllabus
  • The list of topics and materials
  • Start and end dates
  • Ratings, and reviews

The course page also shares information on the kind of activities that the students will be expected to participate and how the course will be delivered. Typically, most courses will have:

  • Pre-recorded videos, podcasts, recordings
  • Subtitles
  • Interactive textbooks
  • Quizzes
  • Tools for peer-reviewed assignments
  • Chatting with classmates and mentors
  • Discussion forums

The information on rewards, grades and the certification system will also be shared on this page.

#9. Course Enrolment

Once the learners have selected the courses, they should be able to access them without any restrictions. The process for this is to register on the site, add the course to the shopping cart and then pay for it.

Select courses come with a free trial period post which the users will have to make a payment to access the remaining content. Clearing payment will enrol the student for the selected programs and add them to their user profile.

#10. Payment Methods

Most eLearning platforms will have paid courses enlisted. Hence, it just makes sense to have a secure payment gateway integrated with the platform. Other than collecting course fees, the instructors would need to be paid too. Therefore, the process is two-way.

Some secure payment methods that are popular on eLearning sites are:

  • Debit/credit cards
  • PayPal
  • Stripe or Braintree

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#11. Dashboard

The platform needs a feature through which both teachers and students can monitor and track their progress during the delivery of the course.

For instance, students can view the number of active and enrolled programs, the status of completion, number of hours spent on the program, and more.

Teachers, on the other hand, can also view the number of programs added to their delivery list, enrolled students per class, ratings, traffic, their earnings, and more. All of this can be done via the dashboard.

#12. Course-making & Editing Page

The course creation and editing features are relevant only to the instructors in the case of eLearning platforms. These tools make it convenient for teachers to build programs by inserting the following:

  • Course structure
  • Add materials
  • Exercises
  • Links to additional resources such as pdfs, videos, audio files, etc.

The editing tool helps teachers make changes to the courses or remove them from the delivery list when necessary.

#13. Advanced Video Player

For learners, video delivery of lectures today is one of the key sources of information. Hence, it makes sense to have the required backend architecture to support the bandwidth of an advanced video player on the platform.

Apart from being intuitive and slick, the player should be able to perform the following:

  • Play and pause video at will
  • Control playback speed
  • View subtitles
  • Control video resolution

The video player should be able to adapt to varying bandwidths of internet connectivity. In fact, the option to change video resolution will help learners to watch the video even if the network is slow.

#14. Implementing Gamification

Coursera has recently started using gamification functionality on the platform to minimise dropout rates. The popular mechanisms that they have tried out are:

  • Introduced community events such as writing competitions and contributor tournaments
  • Build a community thread by uploading useful study materials and responding to queries
  • Learners receive ratings and in turn, allows them to seek assistance from fellow users
  • Dynamic leader boards to capture information on top contributors and active learners
  • Highlighting badges for accomplishing program goals in the community thread
  • Rewards in the form of online money

#15. Rating and Reviews

A credible feedback system is an essential feature of any eLearning platform. It helps build trust among learners. By soliciting user opinion on key parameters that is later formulated into a rating and review structure is a useful strategy to have on board.

This can act as a motivating factor and drive new users to enrol for programs listed on the platform.

#16. Support

When developing an eLearning platform, it is vital to have a support feature in place especially with the number of courses increasing and a higher number of students enrolling for them.

They may have a lot of questions which needs to be attended to or else you are at the risk of leaving them frustrated.

Ideally, using machine learning technologies makes sense here as it has the ability to track student activities to zero in on individuals who require greater support services.

This can be done via a system of automated emails that can resolve problems related to the course. Plus, having chatbots to respond to routine queries can minimise pressure on real-time agents.

#17. Blog

Having a blog on any eLearning platform is a must. This is where students to go learn more about their selected programs, industry news, facts and figures, job possibilities, and more. The blog can also be effectively used as a digital marketing tool to draw in more traffic to the site.

#18. Multilingual Content

By allowing multilingual content on the platform ensures exposure to a greater number of students and teachers. By not restricting course delivery in a single language enables more students from around the globe to reach their learning goals.

To streamline the process, a filter can be added that allows students to look up instructors by the preferred language of communication.

#19. Notifications and Reminders

Push notifications are a great feature to share news, update, events, course ratings, reviews and recommendations with your audience base.

You can also circulate changes to terms and conditions, modifications in the course syllabus, fee structures with the relevant students if needed.

#20. Admin Panel

With all the features sorted out, the last functionality which is a must have for your eLearning platform is the Admin Panel. Be it managing content, users, teachers, courses and programs, the website, generating reports and insights all happens via this single dashboard.

Even marketing activities such as sharing push notifications, newsletters and more take place via the Admin Panel.

Read Also : How to Create an App Like Unacademy ?

How to Choose The Development Approach?

There are two ways in which you can develop an eLearning platform like Coursera. You can either opt for a ready-made solution from the marketplace or go walk the journey of building it from scratch.

Let’s understand the pros and cons of using these individual approaches.

#1. Ready-made Products

When you create a platform like Coursera app, you want to enter the market as quickly as possible. A number of open source software such as Joomla and Moodle provide readymade solutions that come in-built with basic student management functionalities.

That said, there is a limitation to the number of plugins that you can integrate or personalise the features to suit business needs. Even adding unique or specific functionalities on these open source tools can be difficult to achieve.

#2. Custom Software Development

If budget is not a constraint, then you would probably be inclined to develop custom software for your eLearning platform. This allows you to incorporate a greater number of unique features and functionalities in the application that caters only to the needs of your target audience.

That said, a custom software development, although perfect for a platform like Coursera can be a long drawn process.

What Is the Technology Stack for Creating Platform Like Coursera?

Coursera has been developed using custom designed software. The following technologies have been used to create the same:

#1. Back-end Development

PHP was used initially for the first lines of coding. As the platform evolved and the engineering team became more experienced, the developers went with Python and Go. The final choice rested with Scala in combination with the Play framework that is still in use to this day.

Coursera manages its relational databases using MySQL and Amazon Relational Database Service. Nginx was used as a Web Server and Amazon S3 as the cloud storage option.

#2. Front-end Development

JavaScript, ReactJS, and Bootstrap are some of the client-side technologies that Coursera used to develop the front-end.

#3. Third-party tools and Integrations

Jira, Slack, G Suite are some of the popular collaboration and productivity applications used on the Coursera platform. Amazon CloudSearch and Elastic Search are options to integrate Search and Analytics. Other third-party tools may include Trello, Dropbox, Slack, Salesforce, Zendesk, etc.

While this can serve as your basic guideline, it is recommended that you go with the tech stack that caters to your business needs. This can be done in consultation with your development team.

Also Check : Latest Updated Educational Apps Directory List

What Should be The Team Constitution to Create A Coursera App ?

With your planning phase over, it is time to get together a team to develop your eLearning platform. This is not a project that any one individual can execute on their own as different stages will require specialists with a variety of technical knowledge and expertise.

The best option is to hire a team of qualified developers. The team constitution can look something like this:

  • Project manager: 1
  • UI/UX designers: 2 to 3
  • Team leaders: 3 to 4
  • Programmers: 5 to 6
  • Quality analysts: 2 to 3

How Much Does It Cost to Create an App Like Coursera ?

Keeping in the mind the feature list, tech stack, and team of technical experts discussed, the estimated cost to create an eLearning app like Coursera is estimated to be anywhere between USD 76,500 to USD 1,03,000.

Other factors that can influence the budget are the type of application you wish to develop and how many platforms that you would consider deploying it.

Along with the location of your development team and the number of hours spent on the development process also contribute to it.

The estimated timeline that may be required to build a Coursera clone platform may look somewhat like this:

  • Technical implementation: 40 to 55 hours
  • UI and UX design: 350 hours
  • Front and Back-end process: 450 hours
  • Testing-: 80 hours

The average hourly rates of developers who are specialists in developing eLearning applications are:

  • USA: $100 to $200 per hour
  • United Kingdom: $60 to $150 per hour
  • Western Europe: $80 to $190 per hour
  • Eastern Europe: $40 to $100 per hour
  • India: $30 to $55 per hour

Do bear in mind that this is just an estimate and the actual cost will depend on features you plan on adding in the application along with the other parameters already discussed.

Read Also : 20 Best Apps For Teachers & Educators 2020

Summing up

No doubt, Coursera is considered one of the world’s leading eLearning service providers. Hence, to create an app like Coursera is a smart business decision.

E-learning App Cost

That said, you have to do more than just create a clone product. Integrate the idea with unique concepts, features and functionalities that will give you an equal chance of success in this extremely competitive industry.

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To most daily commuters, a taxi booking app like Uber is a godsend. You not only get a cab ride, but the app ensures that drivers abide by all traffic rules and regulations along with offer exemplary customer service.

The overall taxi booking app segment is was estimated to be around USD 183,677 million in valuation in 2019. With a yearly growth rate of 14.8%, the market is projected to hit a valuation of USD 318,765 by 2023.

These figures clearly show a shift in people’s attitude and their acceptance of technology in something as mundane as hailing a taxi.

The success story of Uber has opened the floodgates for more interested players to create their version of a taxi booking mobile app.

Before you kickstart the process, let’s deep dive into how to create an Uber like app and its cost estimation.

How Uber Works

It is vital to understand the inner operations of the Uber app. This will help you in your ideation and fine tuning your taxi booking app concept further.

uber - create an app like uber

#1. Submit a Ride Request

The prospective rider places a ride request by sharing Pick Up and Drop Locations using the app. Drivers near the Pick-Up location receive this request information.

#2. Uber Matches the Rider with the Driver

The algorithm in the app matches the nearest available driver with the rider. However, the driver can opt to accept or cancel the request. The request is then transferred to the next available driver.

#3. Sharing Ride Confirmation

As the driver accepts the ride request, the rider receives a booking confirmation on the app. It also shows the cab’s estimated arrival and the route taken by the driver in real-time.

#4. Making a Payment

The rider can view the fare on the app at the pre-booking phase. The payment is processed on ride completion either via online modes or through cash.

#5. Driver Ratings

Uber shares driver ratings and customer reviews on the allotted driver with the prospective rider. This helps build trust and reliability between the service provider and the rider.

While it is important to study how Uber operates, start-ups can only see any form of success if they can bring some form of innovation and novelty in their version of the taxi booking app. This is where the feature-list comes into play.

What Are The Key Features To Create An App Like Uber?

All taxi booking apps come with 3 sets of features. These include:

  • Rider features
  • Driver features
  • Admin Panel

Let’s take a look at these feature lists in detail.

uber app features - create an app like uber

Rider App Features

#1. Registration & Profile Management

Every taxi booking app requires the user to register with their information on the application to use the platform. Common registration practices include using Gmail ids or social media handles other than using mobile numbers and email ids.

#2. Save Destinations

Having a feature where users are able to save the most frequented destinations with keywords such as Home, Work, Others, can be convenient and time saving. Every time they wish to choose these destinations, they can type the keywords instead of the address.

#3. Multiple Drop-off Points

User may have work at multiple journey points, or perhaps they are sharing rides with family or friends who need to be picked up or dropped off along the route. Users can change or add points whilst travelling too. For this, Uber has introduced multiple drop-offs that have given them an edge over the competition.

#4. Ride Cost Estimate

When the user submits the Pick-Up and Drop Off locations, the app displays a range of products and their individual fares. The app uses a backend algorithm to calculate the fare.

#5. Schedule a Ride in Advance

The functionality to pre-book rides in advance allows users to plan their travel ahead. Uber offers its users to schedule rides anywhere between 15 minutes to 30 days.

#6. Fare Splitting

While not an absolute must on the feature list, having the option to split the fare between friends and family members adds to the appeal of your taxi booking application.

#7. Driver Matching

When riders generate a request, the algorithm in the backend automatically matches it with the nearest available driver taking several factors such as passenger location, the status of the driver, car models, driver ratings, etc. into account.

The allotted driver gets around 15 to 20 seconds to accept the ride request, post which it is transferred to the next available driver automatically.

#8. Geolocation and Routing

Any taxi booking application stands on the foundation of a solid geolocation feature. The GPS works two ways. It identifies the rider’s pick-up and drop-off points and shares it with the driver.

The routing of the journey from the driver location to the pick-up points is chartered on the map. On picking up the rider, and initiating the journey, the GPS again works out the most efficient and quickest possible route to the drop-off points.

Read Also : 15 Best Car Rental Apps 2020

#9. Booking Cancellation

The driver can cancel the ride request on receipt if he or she is unable to fulfil the request at that point of time. The rider, too, can cancel the request within a designated time span before a cancellation fee is charged on the ride.

#10. Panic Button (SOS)

Uber has ensured that all riders feel safe and secure when availing a cab on their platform. The app comes in-built with an SOS or a Panic button that is connected to a dedicated call centre.

If the rider feels unsafe or threatened in any way, he or she can immediately press the Panic Button and speak to an agent who is trained to deal with people in such situations.

#11. In-app Chat Or Call Feature

It is essential to have a feature that connects the driver with the rider seamlessly. To ensure zero leakage of personal information such as the mobile number, an in-app call or chat functionality can become the preferred mode of communication between both concerned parties.

#12. Payment Method Integration

The taxi booking service is no different than any eCommerce platform. It is a transaction between the driver and the rider and Uber, here, acts as the facilitator.

To provide another layer of convenience to the customers, the taxi booking service has integrated online payment options Credit or Debit Card, through which the riders can pay the fare for the completed trip.

A receipt is generated on trip completion which gives the rider the following break-up:

  • Base fare
  • Cost per mile
  • Cost per minute
  • Safe rides fee

#13. Rating and Feedback

Users get an alert to rate the ride once the trip is completed. This is a key functionality for any taxi booking service as it helps maintain consistent levels of service.

Drivers with low ratings will automatically get fewer ride requests allotted to them. The ratings can be combined with specific feedback.

This gives more in-depth and elaborate information to the service provider on the driver and the customer’s experience of the trip. Good driver reviews are shared along with their profiles for prospective riders to see.

#14. Trip History

The section that outlines the Trip History basically acts as a point of reference for the app’s user. It generally displays information like date and time of travel, distance covered, driver information and more.

#15. Booking and Payments History

A dedicated section to show user booking and payment history would be very useful for your app users. The information that is generally captured here includes booking details such as the date, time, cost, driver/passenger name, car model, pickup and drop-off locations, rating etc.; and invoice, date, method of payment etc.

#16. Communication and Notifications

When there are active customers using your taxi booking app frequently, you need to have a medium of communication in place to alert them of news, updates, changes in terms and conditions, etc.

The best way is to have a Push Notification system that automatically shares these updates with every single app user.

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Driver App Features

#1. Go Online

Uber does not employ its driver partners but offers them a platform to work at their convenience. They can choose their own working hours simply by activating a feature known as ‘Go Online’.

As soon as the bar is active, the taxi booking app can start sending ride requests to the driver. When the drivers are ready to call it a day, they can simply deactivate the bar and they will no longer get any further ride requests.

#2. Accept A Ride

A rider request comes through and is shared with the nearest available driver partner. The driver may be hunting for trips or maybe on an existing journey already. It is up to the driver to accept or reject the ride request.

#3. Route Optimization

Once the driver accepts the ride request, the map automatically charts out the most efficient route to the pick-up location. This is repeated once the driver starts the ride and the GPS displays the most optimized route to the drop-off point.

#4. Trip Planner

The Trip Planner feature allows driver partners to plan their day more effectively in order to generate maximum revenue. This can be done by sharing customer preference and hourly trends with the drivers.

#5. Quest Earnings

Uber Quest is a unique feature on the application where it enables driver partners to earn more revenue if they are able to complete a number of pre-defined trips within a designated time frame.

Having a similar feature on your taxi booking mobile app can motivate and incentivise driver partners to use your application over the competition, accept more ride requests and stay productive.

#6. Notifications for Drivers

Just like users, driver partners too need constant notification on app features, latest upgrades, company announcements, etc. All of this again can be effectively communicated to them via a Push Notification feature.

#7. Status Bar

This is a more advanced app feature on any taxi booking service. Activating this functionality alerts driver partners whenever they are on the periphery of entering a busy area.

This also gives them the option to continue with their journey towards the busy location or change to an alternative route or destination.

#8. Earnings Tab

Drivers need a dedicated segment on the app to keep track of their earning during the day, week, month, year, and more. They should also be able to monitor the earnings that are being transferred to the bank account by the service provider via this same feature.

#9. Reviews &Ratings

Every time a trip is completed, the driver too has the option to rate and review the passenger. As the user profile builds up, the same is shared with the drivers when they get ride requests.

#10. Trip History

The Trip History on the driver app acts as a reference point for all the trips that the said driver has fulfilled till date. If there is any discrepancy later on, both the company and the driver can check this section to sort out the issue.

#11. Driver Destinations

This is a unique feature that allows drivers to choose their favourite location and only accept ride requests from passengers opting to travel in that direction. This is a functionality that has gained in popularity in taxi booking apps such as Uber.

#12. Heat Maps

Introducing the heat map feature on the taxi booking app can be extremely handy as drivers can view areas that are generating maximum ride requests. Those willing to earn more can drive around in these specific locations.

#13. Driver App Basics

Driver partners may find it difficult to operate or navigate the application. A section that contains explanations, how-to videos and app tutorials can help clarify the concepts and doubts enabling them to use the app instantly.

#14. Driver Referral

Driver partners when they are happy with the taxi booking platform and the company as a whole can refer more such individuals who may be interested in partnering with the service provider. A Driver Referral program in place helps in growing the driver database.

#15. Boost Area

The taxi booking app must be able to function even when internet connectivity is poor. In the absence of such functionality, driver partners may lose out on potential earnings if they are unable to connect to the app.

Admin App Features

#1. Assign Trips

The role of the admin can be extended to facilitate trip bookings when prospective riders are not able to make a booking themselves in a situation where there are network or connectivity issues.

The admin can also make trip assignments to drivers when ride requests shoot up in specific locations.

#2. Driver Report

The admin is able to view a dedicated Driver Report from the Admin Panel. This outlines individual driver partners and gives an overview of key parameters like the driver’s driving style, obedience to traffic rules, etc. over a period of time.

If the report finds a driver guilty of rash driving or committing several traffic-related offences, the service provider can ban the driver from using the taxi booking application.

#3. Fare Management

A vital function of the admin is to manage the fare prices. This is determined taking into various factors such as time of day, fuel price, location, and more.

#4. Driver Commission

Every driver receives a commission on completing a trip. The admin manages the rate of commission that is passed on to partner drivers taking into consideration parameters like performance, customer feedback, driver professionalism and experience.

#5. Customer Grievances

It is important for the admin to analyse and assess customer feedback. This can be done by recording all customer complaints and later used as a source of generating key insights to enhance the client experience.

#6. Admin Dashboard

The admin panel is a unified platform through which the administrator can monitor practically everything. Be it upcoming or ongoing trips, cancelled or completed rides, all these can be tracked via this dashboard.

Technology Stack and Team To Create An App Like Uber

To create an Uber like app, the following technology stack is recommended.

Programming languages for backend: Node.js, Python, Java, PHP, Ruby on Rails.

GPS: OpenStreetMap API for both iOS/Android can be used

  • For Android: Google Maps and Google Location Services API
  • For iOS devices: MapKit or CoreLocation framework

In-app payments: Credit cards, Paypal, Stripe, BrainTree, Paytm, PayPal mobile SDK.

Push notifications: Google Firebase for Android, and Apple Push for iOS phones

For SMS send outs: Twilio, Plivo, Nexmo, Tropo

As far as the tech team is concerned, you can kick-start the project with the following composition:

  • UI/UX designer
  • Android / iOS engineer
  • Business Analyst
  • Project Manager
  • Back-end developer
  • QA engineer

How Much Does It Cost To Create An App Like Uber

The cost to create an Uber clone will vary depending on the complexity of the app.

  • MVP with basic UI/UX design: $6,500 to $8,500
  • Apps with medium to advanced features: $22,000 to $28,000
  • An advanced Uber-like application: $45,000 to $65,000

In case you are developing an app for a single platform, the hours for every feature and functionality is estimated to take around:

Features & Functionalities Estimate of Hours
Registration (in-app or via social networks) 32 to 40
Client profile 16 to 24
Driver profile 16 to 24
Placing an order (customer) 80 to 96
Booking (driver) 48 to 56
Pickup location and route 32 to 40
Booking history (customer) 16 to 24
Booking history (driver) 16 to 24
Payment 40 to 48
Database schema 24
Business logic 240
Admin dashboard 160
System performance report 160

 

To create an Uber like app for iOS and Android can take double the time.

Statista shares the average per hour rate of developers from around the globe:

  • North America: $60-250 per hour
  • United Kingdom: $60-150 per hour
  • Western Europe: $40-120 per hour
  • Eastern Europe: $20-100 per hour
  • India: $10-80 per hour

Read Also : How to Create an App Like Ola

Final Thoughts

taxi booking app cost

Behemoths like Uber have firmly established themselves in the industry and are working on expanding globally in an aggressive manner. That said, there is still room for start-ups to enter the market with innovative taxi booking apps.

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SHAREit can make your files get transferred in about 200 times faster than Bluetooth. Ideas to create an app clone for SHAREit are well encouraged by both the app developers & its users. A file transfer app with a faster device to device sharing & active performance in multiple platforms can be one of your remarkable app stories.

shareit

Being a cross platform application, it has brought a sense of ease to sharing files on the digital space.Why? Because users can share files minus any internet connection, that is their mantra of success.

In recent times, the effectiveness and the app’s raging popularity is increasingly encouraging budding investors to create similar app like SHAREit, replicating its core features and functionalities too.

Want to know how to create an app clone for SHAREit and the cost of its development process? Lets get started.

Benefits of Developing a SHAREit Clone

Before kickstarting your app development process, it is crucial that you understand why to create a SHAREit appclone, which can also lead you on the path of success.

Traditionally files that were shared online were either done using the internet or via Bluetooth. In most instances both techniques came with flaws. Internet connectivity issues and Bluetooth pairing of devices can be a nightmare.

Applications like SHAREit broke into this conventional space with their IR beam technology that only uses Wi-Fi in the file sharing process. Addressing key concerns like convenient and fast sharing, users were able to send files any hassle.

Let’s look at the benefits of using an app like SHAREit:

  • You can share files from phone to phone, and even phone to PCs
  • You do not need a USB, internet, data usage, only Wi-Fi access
  • You can transfer multiple file formats such as documents, photos and even multimedia projects
  • You can access a speed of up to 20Mbps while transferring files
  • You can share group files for up to 4 devices

With superfast and smooth file transfers, applications like SHAREit has brought in a new era in this domain.

With more functionalities than Bluetooth transfers, SHAREit has quickly captured the bulk of the market with users who need to transfer bulky files online.

Unquestionably, this paves the way for more players to enter the scene because the concept is extremely profitable.

Read Also : How to Create an App Like TikTok

Zero-in On The App Features

Experts recommend that you start with an MVP or a Minimum Viable Product. This means that you can have the must-have app features and functionalities integrated with your application.

You can keep building on the app, add more complex features even after the app has been deployed.

shareit app features

Here is the list of must-have features that you can zero-in for your SHAREit clone:

#1. Uploading Files

This is the primary feature of any file sharing application where the users can upload files, documents and more. Plus, using a variety of tags can help differentiate the files into categories for easy reference.

#2. Send Documents

Users can send their uploaded documents to anyone on their contact list. They can even send it to external recipients without having to move out of the app’s interface.

#3. Quick Share

Multiple files can be received and sent between two or more parties with the help of the Quick Share feature.

#4. File Management

Users can easily manage uploaded files with the help of filters system on the application. If they are looking for specific files, they can do so using the search bar.

#5. Encrypting Files

Encryption is a key feature of any file sharing application. Users need to trust the platform’s security levels before they choose to upload important files on the application.

The platform also needs to highlight that the files will be transmitted via a secure and safe socket layer. Generally, an SSL layer is used here.

#6. Sharing Location

The location sharing feature gives an additional layer of protection. By adding the current file location, users can maintain privacy and access the document only within the specified premises. This gives them access to a more private and secure file sharing environment.

#7. Timely Sharing

The app can be set with the predefined objective of sharing content and files at the same time, even by multiple users. This functionality is useful when the application is being used within teams and several documents need to be shared as an ongoing process.

#8. View Documents

Having a document viewer enables users to preview files regardless of its format. Be it Word, PPT, PDF or any other extension, users need not go to a third party platform to view the received or sent files.

#9. View Activity

When users tend to frequently make use of the app to send files online, they may also need a feature to understanding and analyse user activity. The View Activity section is a dedicated space where user can look at the statistics of usage and get an overview of the activity report.

Read Also :  11 Easy Steps to Create a Mobile App in 2023

Unique Shareit Functionalities That You Can Integrate With Your Application Too

SHAREit is more than your file sharing application. Boasting of some really unique functionalities, SHAREit can offer users with an entertainment ecosystem including streaming of videos, movies, music, funny pictures, curated playlists, music and video player and more.

#1. Users Can Discover Unlimited Online Videos

SHAREit comes equipped with a special feature on their user interface. This is called the Infinite Online Videos that can be used for entertainment purposes.

This special tab can be used to stream unlimited online videos. Going a step further, the app enables the user to watch them on both online and offline modes.

This makes SHAREit much more than just an app that is focussed on file transfers only.

#2. Users Can Discover Trending Music

This is another vital feature on SHAREit that allows the user to discover trending music online, very similar to streaming online videos.

Again, the music files can be listened to both in the offline and online modes. Users can also design their own curated playlists or access the ready-made ones offered by the application.

#3. It Is An Integrated Video and Music Player

SHAREit is your one-stop-shop for all your entertainment needs because the developers have integrated it with an in-built video and music player. This complements its music and video streaming features completely.

The player supports all types of video and audio formats which means that you do not need to open your media files on any other third-party application or platform. It comes with a powerful equalizer that enhances the quality of the audio files.

#4. It Is A Cross-Platform App

SHAREit is a cross-platform application that permits the user to integrate with all types of iOS and Android powered devices. This bridges the gap between two operating systems and minimises hassles of changing formats when files are shared between them.

hire android app developers

How Much Does It Cost To Create An App Like SHAREit?

The cost of designing and developing any file transfer application is dependent on a number of factors. The user interface features and functionalities, platforms where the app will be deployed, its size, and the development team independently contribute to the overall budget.

Along with that, the technology stack, the app’s complexity levels too should be taken into account when arriving at a cost estimate.

Let’s take a look at the different parameters:

#1. SHAREit Clone App Design

The design of your mobile application is a key factor that draws users to download and use it. Ensuring that the interface design is user-friendly, simple and convenient when sending files will drive more traffic to the application.

There are three primary elements in design:

  • App Prototype Design
  • App UI UX Design
  • Colour & Appearance

The process can be complex to get right and hence may need to undergo a number of iterations before arriving at a final design. Plus, it can consume a lot of time too. These elements are the main influencers in your SHAREit clone application’s development cost.

#2. Choosing The App Platforms

When you embark on the development process you may have to choose the platforms where you intend to deploy the application. The available options are:

  • Android
  • iOS or iPhone
  • Windows

Android as an operating software boasts the highest number of users. Therefore, most new apps tend to launch on this platform first. The cost too is more affordable in comparison to the iOS version.

That said, the type of platforms you select in the end must depend on research and backed by data and insights. If your target audience is inclined towards using iOS, then that is the platform you should select even if it costs you more.

Alternatively, you can opt to go with a cross-platform route and start the development process for all available platforms. This will cost you lower and allows you to complete the project faster..

#3. Feature Integrations

If you choose to go with just a basic version of the file sharing app with only the integral features being incorporated at the initial stages, then the cost of app development will be relatively less. However, if the set features range from basic to advance, the expense will be far higher.

At the end of the day, the requirements of the business will determine the type of features you choose to integrate with the application.

#4. App Size

The size of the app is another cost parameter that must be taken into consideration. With a bloated app design, the size of the tool will also increase too. Larger apps will tend to have lesser downloads and will be compromised in terms of performance too.

#5. Development Team

You have the option to hire in-house developers or outsource it to an agency or a team of freelancers. Getting an in-house team in place on a payroll is the most expensive option of the two.

That said, if you get an agency on board, the cost to create a SHAREit app will depend on the location of the team as well. Average per hour cost of developers from these parts of the world is:

  • North America: $120 to $150 for both Android and iOS
  • Western Europe: $80 to $100
  • Eastern Europe: $30 to $50
  • Australia: $100 to $120
  • India: $21 to $30

The recommended team constitution is:

  • Project Manager
  • Backend Developer
  • UI and UX designer
  • 2 – 4 Developers
  • Quality Assurance Engineer

#6. Cost Estimate

Taking all of these factors into consideration, here is a rough cost estimate to create an app clone of SHAREit:

  • iOS: $50000 to $54,000
  • Android: $48,000 to $51,000

Read Also : How to hire an App Developer for your Project ?

Takeaways

app cost calculator

When it comes the ease of transferring and receiving files of all types minus any charges, SHAREit has unquestionably a top player in the space. By benchmarking it against SHAREit, you will need to rely on the services of a passionate team of developers to make your dream project a reality.

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The entire concept of a taxi booking service is about availing a cab through a dedicated app on your mobile device. With pick-up and drop off points inserted, all that you have to do is to sit back, relax and enjoy the hassle-free ride.

There are very few players in the market right now. But at the very helm is Ola, a dominating force in the space. That said, the creative business minds are looking to break in the sector with their clones of the Ola app too.

Lets have a look at how to create an app like Ola and its development cost

Interesting Facts about OLA

  • OLA initially started as the Olatrip.com website which offers weekend trip packages.
  • OLA started his first office in a small room of 10×12 feet in Mumbai.
  • Bhavish did everything to provide customer support by photographing drivers and Ankit did coding for 48 hours. Bhavish has self-driven the cabs to drop customers.
  • The first logo of OLA is very different from now.
  • If the vehicles of OLA is stand in one line, it will cover 3895 km.
  • The most common names of drivers registered on OLA are Sanjay, Suresh, Ramesh, Rajesh, and Santosh.
  • The most amazing policy of OLA is that-they never ask the religion and caste of the drivers.

If you want to create an app like OLA, some features are must developing-features for the successful taxi booking app. Let’s have look at some important features required to create the OLA app.

The Business Model Explained

ola

Before you embark on your journey to create an app like Ola, it is vital to be clear on the business model.

A business model for an online taxi booking service operates on a two-sided marketplace. While the demand is generated by the riders, the supply end of it is fulfilled by the drivers. Ola, here, offer the platform to facilitate between the tow. This makes it really convenient for both involved parties to use the platform.

Ola like taxi booking platforms generates revenue by earning a commission or fee on every completed ride. Having said that, the drivers are not directly employed by the taxi booking service provider. In fact, drivers are partners who have the liberty to choose their individual work schedules.

The company has limited control over their partner drivers. Plus, they can accept or decline the time period that they wish to be involved with the organisation. While the service provides a way for drivers to earn their livelihood, it also offers a unique value proposition to riders too.

Everything Depends On Your Planning

It is the aggravation in demand which is driving so many entrepreneurs to meet supply in this space. That said, when it comes to developing an app like Ola, the approach to planning has to be spot on.

The key points to remember are:

  • Adopt a Primitive Approach to dive into the space
  • Have a sustainable model that can be scaled as demand escalates
  • Focus on a systematically distributed supply chain management to meet customer demand
  • Retain and engage your customers

You also need to think about the differentiators of your app. The secret lies in how you plan out your feature list.

Getting Your Feature List In Place

ola app features

The Ola app has three major components that come together in a cohesive manner for the platform to function effectively.

  • The admin app
  • The Ola app for Drivers
  • The Ola app for Riders

Each individual component comes with its set of dedicated features. To ensure ease of understanding, let’s take a look at the features, category-wise.

Read Also : 24 Best Online Food Delivery Apps 2020

Features for Ola App for Riders

#1. Sign-In

The sign-in process is just like any other application. You can join in using your email id/phone number along with choosing a password. This is mandatory as you will not be able to progress with booking a rider unless you a registered user of the application.

#2. Track a Ride

Ola offers its riders the option to track a ride as soon as the booking by the driver has been accepted. The rider is able to see how far the driver is from the given pick-up point and how much time they will take to reach. The integrated map displays the route that the driver takes as well.

#3. Fare Estimation

Ola gives the riders an estimate of the fare once the pick-up and drop-off points have been entered on the app. Since online cab service offers a variety of products, the fare estimating will vary depending on the service that you chose.

A powerful algorithm in the background does all the calculation and therefore is a key feature of the application.

#4. Call Button

This button enables the rider to connect with the driver if they wish to communicate any additional information other than the pick-up location which is already entered in the application.

#5. Add Rides

The rider can add up to two locations other than the end destination at the time of booking the ride. This is helpful in case the rider especially if more riders are joining in/ or being dropped off the trip progresses towards the final destination.

#6. Cancellation Window

The rider has the option to cancel the ride even after booking. If the cancellation happens within the specified timelines, the rider is not charged a fee.

On the Other hand, cancellation outside the window can levy a fee to compensate the driver for the time and effort taken to reach the pick-up point.

#7. Multiple Modes of Payment

Just like any online eCommerce service, customers expect the service provider to have different modes of payment available on the application.

The riders can select from their dedicated offerings like Ola Money and Post-paid services and other regular channels like Wallet, GPay, Debit and Credit Cards or even cash.

#8. Driver Service History

Whenever riders book a cab on the application, they can check up on the driver’s service history. Ratings and reviews on drivers help to instil rider confidence before they start their rides.

#9. Track Service History

Riders who use to app frequently can keep track of their ride history using this dedicated section. The feature shows every individual ride taken along with its receipts. If the riders notice any discrepancies in the billing, he or she can take it up with the Customer Service team.

#10. Book Now Ride Later

Ola riders have the option to schedule rides which can be taken at a future date. While the confirmation is received immediately, the driver details are shared only on the date of travel. The ride can be tracked post the driver details is sent to the rider.

#11. Panic Button

To ensure rider safety, all online cab booking apps must have a dedicated Panic Button. This gets activated as soon as the rider boards the cab and connects directly the app’s call centre or can also be connected to the nearest police station. For any app like this, this is a must-have security functionality.

#12. Favourite Destinations

Riders can identify their frequently travelled destinations and label them according to their convenience. For all future bookings, they can select the destination saved with a single tap instead of typing it all over again.

#13. Push Notifications

This is a standard app feature which sends regular updates to its users. Be it new products, fare changes, policy upgradations or even reminders to pay your Ola post-paid bills, push notifications is the chosen medium of communication.

app cost estimation

Features of the Ola App for Drivers

#1. Editing Personal Profile

The driver version of the online cab booking app must have a section dedicated to where they can enter their personal information and photographs. This builds up a profile that ultimately gets displayed on the app’s customer front-end.

Along with personal information, drivers can also upload their identity documents which can be verified from the company end before allocating any rides to them.

#2. Scheduling Their Driving Times

The driver application provides a feature that enables them to select their duty times. They can drive whatever hours of the day are convenient for them. In fact, if they wish to take a break, the same can be done via alerting the company via the application.

#3. Activity Alert

The app has the provision for an alert system every time an on-duty driver is chosen for a ride. It also shows the driver the fare estimates for the specific ride. This ensures that the driver never misses out on any opportunity.

#4. Connecting With The Customer

The app allows the driver to call the prospective passenger via the app. This is a key feature because it establishes a connection in case the driver needs additional directions to reach the pick-up location or is unable to find the rider on reaching there.

#5. Route Optimization

Once the driver is alerted of their next ride, the map automatically determines the fastest and most efficient route possible to reach the pick-up location. By leveraging the route optimisation functionality, the driver navigates efficiently to the pick-up point.

Read Also : 15 Best On demand Service Apps 2020

#6. Cancellation Window

As a driver is alerted of a ride, there is a window during which the trip can be cancelled. This option can be exercised if the driver has not gone off-duty but is indisposed to drive at the particular time.

#7. Wait Times

As the driver reaches the customer location, the first 3 minutes is non-chargeable. In a situation where the rider arrives after the allocated wait window, the fare metre is already on.

In some cases, the rider may have charged extra on the wait time along with fare estimate shown for the trip.

#8. Forward Dispatch

This is functionality that permits drivers during an ongoing trip to accept another ride request. This is important as it helps cut down on driver slack time and encourages productivity to earn more.

#9. Heat Maps

Drivers can have a basic overview of the demand through a map view. They can drive towards those specific locations where the ratio of riders is relatively high. This will generate more ride requests from prospective passengers.

#10. Driver Destinations

The app also allows the driver to accept a ride request towards a specific destination. This means that they can make money whilst being en route to their chosen location.

#11. Driver Delivery Reports

The delivery report feature is basically a summary of the driving styles that the app captures over a period of time. If the reports indicate rash driving on a consistent basis, the company can remove the driver from their list of partners.

#12. Earnings

Drivers can track their earnings via the app. It also correlates it with the number of trips that they have completed. Plus, it also highlights any applicable bonus earning possibilities too.

Admin Panel

#1. Real-Time Notifications

The Admin dashboard of the app is the unified platform through which customers receive real-time notification of the availability of cabs in any specific area. The admin can also get an overview of the real-time location of all the drivers and vehicles.

#2. Cost & Surge Management

Admins can calculate surge pricing or takes into account discounts, if applicable on the rider’s account during a given time period. It can update ride fares basis the distance, location or vehicle type.

#3. Document Processing Tool

Driver information can be updated, edited or even deleted on the admin panel. Plus, it also aggregates and tags key information like ID proofs, contact details and the vehicle info like pollution card, insurance, etc. in a consolidated manner.

#4. Driver Management

The company needs to have a robust Driver Management system in place which can easily be done through the admin dashboard.

Listing new drivers, managing existing ones and removing those who do not wish to work for the company can be done here. It can assign rides to available drivers using the panel.

#5. Analytics

The data generates through the millions of bookings coming through the app can be analysed using the Analytics system incorporated within the admin panel of the application. All future business decisions can be taken considering these key insights.

Technology Stack

With the feature list out of the way, the next point of concentration is the technology stack. For an online cab booking service, this is what we recommend:

Development

  • iOS: Swift, Xcode, Alamofire
  • Android: Kotlin, Java Studio
  • Tools: Twilio, Amazon S3, Send Grid, Facebook API, Firebase Cloud, Stripe, Socket.io, Google Maps API

Testing: Jira, Confluence, GitLab, Jenkins, Crashlytics

Release: AWS, EC2, S3, Apple Store, Google Playstore

Build Your Development Team

There are several avenues to create your Ola clone app. Have an in-house team, outsource it to freelancers or even an agency within or outside your country. Whatever the case may be, the complex app like Ola demands the following resources:

  • Business analysts
  • UI/UX designers
  • Web developers with Node.js skill
  • Android developers with Kotlin skill
  • iOS developers with Swift skill
  • Testers / Quality Assurance Engineers
  • A project manager

How much does it cost to create an app like Ola ?

The scope of work is the primary determining factor of the amount of time and budget required to create the OLA taxi booking app.

Depending on the location of your app development team, the cost estimate becomes clearer.

  • North America: $60 – 250 per hour
  • United Kingdom: $60 – 150 per hour
  • Western Europe: $40 – 120 per hour
  • Eastern Europe: $20 – 100 per hour
  • India: $10 – 80 per hour

Lastly, the complexity of the app is also a determining factor in the budgetary calculations.

  • A basic MVP app may cost around $7,500
  • A blend of basic features along with some advanced features can increase the cost to $ 20,000 to $25,000

An app with completely unique and advanced features can be as high as $50,000 to $60,000 or even more

Read Also : How to create an app like Uber

Final Take: How to approach

taxi booking app cost

While Ola can be your benchmark, there is scope for any new entrant in the market to innovate. It is essential to create your unique value proposition with your online taxi booking app like OLA, figure out your niche and a profitable monetization strategy for revenue generation.

With the help of your development team, find the right solution that fits in with your requirements and helps to achieve your business goals.

Posted on by rbsupadminnextjssite

The story of Flipkart has inspired a number of first-generation entrepreneurs to venture into setting up their own E-Commerce operations. Business has boomed for Flipkart and many of their followers since inception in leaps and bounds.

Being a proven ecommerce leader in India, the app can inspires many aspiring online shopping startups that wish to master the niche.

Building an E-Commerce app like Flipkart requires technical expertise. Let’s first look at the methods available to create an app like Flipkart and its development cost

flipkart

#1. Development from Scratch

You can have complete control over your mobile app when you opt for custom development. While you can take inspiration from Flipkart, you do not end up being an exact clone.

Ideally, you should have a solid idea of what your final product is going to look like. That said, this model of development may not be financially viable for start-ups and small scale business owners as it is extremely capital intensive.

#2. Readymade Software

There are limited customisation opportunities if you opt for readymade software to create your Flipkart clone mobile app. But, it can be a more affordable starting point.

The app can be deployed in a shorter time span, that too, on a budget. The software is available in the form of readymade scripts that allows for quick installation.

Now that you know the two basic methods to create your E-Commerce App like Flipkart, let’s move on to the next step.

Conduct Market Research

By sorting out how you wish to build your app, you have already completed stage one successfully. The next stage is to conduct thorough market research, understand customer’s needs and requirements from the business and then draw up a blueprint to start your project.

At this juncture, you can also decide on the broad categories of goods that you wish to sell through the app platform. Decide if you are going to sell all kinds of products or only specialize in specific types of product niches.

flipkart statistics

Will you be selling digital or physical products or both? Making these decisions help in researching your market and determine if there is a demand for the same.

Make a list of your competition and if they too are offering similar types of products that can possibly eat into your market share in the future.

On the basis this of this research, you can list your app features and move onto stage three of the development process.

Choose Essential Features

Selecting your features basically determines the scope of your project. Your goal is not just to create an app like Flipkart. You want to make it a standout shopping app where your customers keep coming back for more.

The best way to go about it is to consider an MVP or Minimum Viable Product for the app that contains only the most essential features and functionalities. You can keep building on it even after you have launched your app online.

flipkart app features

So, what features should you consider for an MVP?

#1 User Registration

Every app has to have a simple to use customer registration process. You can use the age-old system of an email id / username and password.

You can make the procedure even more convenient by allowing users to register using their Google accounts or social media handles. Complex registration processes tend not to work and your customers will take their business to your competition.

#2. Language Option

Having an E-Commerce app means that you can reach out to a pan country and international audience at the same time. By having options of major regional and international languages ensures that you catch maximum eyeballs.

Going with multiple language versions can translate into greater revenue generation compared to single language offering.

#3. User Interface

Now that your customers are browsing the app, you want to ensure that the interface and navigation are simple to use. Make sure that the app design is user friendly and attractive which will encourage your existing customers to refer the mobile app to others.

This helps your app to gain a solid foothold in the market along with growing the user base simultaneously.

#4. Product Search

Having your product search work at lightning speed is vital to the success of your app. Add multiple options to fine tune the search functioning that should be combined with high-quality indexing.

When customers start getting accurate results, the possibility of conversion becomes more of a reality.

#5. Offer Smart Search Option

Take your search function up a notch by optimising it. This will enable customers to easily and accurately find the products that they are looking for. It can be a great tool to increase conversions too.

Adding add-ons like capturing customer search history along with personalisation can be encouraging for frequent customers on your app.

#6. Advanced Filter

Just like product search, having advanced filter functionality streamlines search results for your customers. Parameters such as locations, category and price details can produce exactly what the customer is looking for in terms of product results.

#7. Augmented Reality View

With augmented reality penetrating sectors like real estate and more, E-Commerce is not far behind in its implementation either. Showing off products in 3D with the help of AR greatly enhances their value to the end customer.

Remember that they cannot really touch or feel the product. Seeing them through a blend of reality and virtual reality can make it a more interactive experience which in turn can boost sales.

#8. One Click to Add to Cart

Buyers today are always impatient. When they have got the products that they want, the idea is to keep adding to the cart.

Having one-click functionality allows them to add products to cart with a single click. With one-click buy option, users can bypass the cart completely to check out and purchase the product.

#9. Wish List

You will find customers coming back to the app and browsing through products that they aspire to purchase at a future date. By introducing a Wish List, they can add these aspirational products that they can purchase at a later date.

Incorporating this feature minimises shopping cart abandonment whilst customers can still remain motivated to buys these items at a later time.

ecommerce industry insights & competitor analysis

#10. Product Review

To create an E-Commerce app like Flipkart, it is important to have a section where users can leave their comments, reviews and ratings on products that they have purchased.

This is vital as reviews and testimonials play a critical role in influencing prospective buyers in their decision to purchase the products.

These reviews can also be helpful from a business perspective as the feedback can be passed on to the manufacturer to enable product modifications whenever necessary.

#11. Promotion and Discount Code Tools

Apps with a promotion and discount code engine thrive better as it is a great sale booster. Customers are always on the lookout for offers and giving out discounts and promotional offers can induce them to buy more.

While the sentiment is to save on their purchase by buying products at a reasonable price, the idea is to push them to add more to their shopping cart.

#12. Check Out

A quick check out feature is great for busy customers purchasing necessary items on the go. With a profile, delivery and billing details already filled in, the order can be validated instantly without the customer having to go through an elaborate process.

#13. Multiple Payments

A key selling point of an E-Commerce app is to offer multiple payment options to their customers. This is a key feature that can make or break the app.

Keep in mind that you must have the provision to integrate all types of payment such as net banking, NEFT, wallets, and even COD.

#14. Shipping

Having a dedicate section to capture multiple delivery addresses is important for an E-Commerce app. This ensures that the customer does not have to feed in delivery details every time he or she makes a purchase.

#15. Real-time Order Tracking Option

With the purchase complete, the customer must be able to track the delivery in real-time. The app should have provision to do the same that captures the order flow right from placement to final fulfilment.

Being on top of the order delivery status adds to the customer’s overall app experience.

#16. Purchase History

While current orders are important to keep track of, it is also essential that the E-Commerce app has a dedicated section where customers can check their Purchase History. This can include old orders, payment transactions and more.

If they wish to place a complaint, write reviews and feedback post product usage, request a return of the item or generate a refund, this feature should allow them to take it forward with the Customer Support team.

#17. Push Notifications

To create any E-Commerce app that mirrors Flipkart must have a Push Notification featured enabled. This allows the business to keep their customers updated at all times of new products, a rise or drop in prices, special offers, discounts, sale, and even app updates.

#18. Social Integration

Social media not only a tool to engage with your peers socially but can be an effective marketing platform as well. Strategically embedding social media buttons within your app can encourage users to share their purchases within their individual social networks. This automatically advertises your app to a broader audience base.

#19. Security

Since your app will be capturing sensitive customer information including payment details, addresses, and more, having a robust security system in place is absolutely essential.

Layers of encryption can lay your customers’ fear to rest and they can shop with complete peace of mind via your mobile app.

Read Also : 11 Easy Steps to Create a Mobile Application

The E-Commerce App Development Process

Developing an app like Flipkart is a long drawn and complex process. It starts with the basic blueprint and idea and from then on is a continuous process until you deploy it online.

And it does not end here as every mobile app requires constant maintenance and debugging. For your app to be successful in this space, you must ensure that you incorporate the right features and functionalities.

There is ease of navigation, accessibility and other USPs that can make it stand out from competition.

Platforms

Selecting which platforms, you wish to deploy your app is vital. Android is generally the popular choice as more devices in the market support this operating software. You will have a greater opportunity to reach a large customer base by creating an Android version of the app.

iOS devices too are gaining in popularity even though the development process is complex in comparison to Android. The test methods to complete this are more exhaustive and expensive.

However, the demographic inclination of those using iOS devices will be more high-end. This means you can get a significant chunk of revenue generation by launching an iOS version of the mobile app.

Choosing Technology

The right technology stack is vital to getting your app deployed as per your assigned timeline and expectations. Start with the selection of framework, database, back end and front end coding languages for the mobile app.

Recommendations of a tech stack may include the following:

  • Programming Language:Java & Kotlin for Android and Swift for iOS
  • IDE: Android Studio
  • Web Development Language: PHP
  • Database: MySQL

UI & UX Design

An attractive interface design drives more customers to engage with your application more often. Visuals, schemes and colours are a big part of the UI and UX of an application. A logo that has been optimised also adds to your brand’s visibility.

Development Team

If your goal is to create a basic E-Commerce app like Flipkart, your development team should constitute of the following members:

  • Project Manager
  • Backend Developer
  • UI and UX designer
  • 2 – 4Developers
  • Quality Assurance Engineer

However, if your app is moderate to complex, you will need the following team members:

  • Team Manager/Project Manager
  • UI and UX designer
  • 3 – 4developers for each platform
  • Quality Assurance Engineer
  • 2–3 backend developers
  • Admin panel developer

How Much Does It Cost to Create An App Like Flipkart ?

Your app features and functionalities, type, number of platforms, development team, their location are all factors that determine the cost to create an app like Flipkart.

Take a look at time breakdown.

  • Design takes approximately 120 to 200 hours
  • Back end takes around 130 to 170 hours
  • Front-end for Android and iOS application takes 200 to 300 hours
  • Non development and meetings take up another 150 to 200 hours

Taking into consideration the complexities of the application, here is a cost estimate

  • Basic MVP application: $60,000
  • Modern application with a mixed bag of features and a few advanced functionalities: $60,000 to $80,000
  • App with advanced features: $80,000 to $120,000

The average rates depending on the location of your development team are:

  • Eastern Europe: $50 per hour
  • India: $25 per hour
  • USA: $150 per hour

Read Also : 15 Best Online Grocery Shopping Apps 2023

Final Thoughts

Your dream of running a successful E-Commerce business like Flipkart can soon be a reality if you have the right idea, the team, tool, and execution in place. With this short guide, you will be on the right track.

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That said, the name of the game is to constantly innovate and improve your app to meet audience needs and expectations. That is how you will end up to create a shopping app like Flipkart, worthy of their attention.

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Imagine juggling your time, schedule, spending precious time in traffic just to make that monthly trip to the salon. Now that’s a problem for many urban women that needs a solution.

So, if you can get all of these services from the comfort of your home, why spend so much time and effort to go to the salon. That’s how UrbanClap was born, an on-demand service app where salon specialists are accessible at the tip of your fingers.

That said, a business cannot stop at providing a solution to just a single problem alone. It cannot be sustainable in the long run as clients after consuming that service is going to look for more offerings.

To tackle this challenge, UrbanClap came up with a list of services that were aimed at quenching the thirst of a bigger market. Be it, online yoga classes, experts to repair or service your home appliances, or someone to decorate your home, you will find it on all on UrbanClap.

Let’s take a look at how to create an app like UrbanClap, its develoment process and app cost.

UrbanClap At A Glance

urbanclap

Let’s look at some of the inspiring demographics that have really placed UrbanClap right at the top as an on-demand service delivery application.

As of 2020, UrbanClap boasts revenue of USD 36 million fulfilling more than 620,000 service orders. It currently provides 60 types of services available across 15 cities in India.

Here is a glance through the significantly high demand for a list of services that the app offers.

Salon: Haircuts | Facials, Clean-up, Bleach & Deep Clean | Manicure & Pedicure | Waxing | Threading

Home Cleaning & Repair: Geyser / Water Heaters | Electrician | Plumber | Washing Machine | Carpenter | ACs, TV & Refrigerators | Home Deep Cleaning | Disinfection Services

Home: Packers & Movers | Pest ControlHome Cleaning | Bathroom | Kitchen | Sofa | Carpet | Water Tank

Tutors & Lessons: Home tutor | Mathematics tutor | English tutor | Commerce tutor

Wedding Services: Bridal make-up | Pre-wedding photoshoot | Wedding planner | Pre-bridal beauty package

Home Design & Construction: Interior | Architect | Modular kitchen | Painters | CCTV Cameras

Health & Wellness: Physiotherapy | Dietician | Yoga trainer | Fitness trainer at home

Business: Web designer and developer | CA for small businesses | Lawyer | CA for tax registration

Kids: Baby portfolio photographer | Dance tutor | Drum class | Guitar lessons at home

Party & Event Services: Birthday party | Event photography | Party make-up artist

UrbanClap has also recently launched its operations in Dubai. Plus, the company has 100,000+ professionals on board to deliver these services.

The story is perfectly clear. If you are thinking to create an app like UrbanClap, it is a mountain of a challenge to take on. That said, there is a massive opportunity for other players to enter the field as there is a significantly high demand for an UrbanClap clone application.

Read Also : 15 Best On demand Service Apps 2020

Features For An On-demand Service Delivery Application

urbanclap app screenshot

You have to focus on two aspects when it comes to short listing the features of your version of the UrbanClap mobile application. They can be categorized as – Features for Customers, Features for Service Providers, and Features for Admin.

Features for Customers

User Registration: Set up an easy to use registration system through a unique username/email id and password allowing them to build their profile right away.

Log-in With Social Handles: Your app can offer customers to register and log-in using their social media handles too. This a time saver and definitely is a more attractive option to register for users since there is no need to remember additional passwords.

User Profiles: As soon as users register on the application, they can progress towards creating their individual profiles on the application. This section integrates some key questions that can decipher the demographics. The data can be used to cater to their needs better.

Data Security and Safety: You will be capturing a ton of personal information such as name, age, address, phone number,and even payment details on your application. With top-class data encryption system acts as an assurance that customer information on your application will remain secure.

Advanced Search & Sorting: This is a key functionality that boosts the overall user experience. Smart search algorithms help the users to look up the type of services that they wish to avail of. Advanced features enable filtering these services with options like budget, location, and more.

Services or Account History: This is a dedicated feature on the app that keeps track of all the services booked and availed using the mobile application.

Multiple Payment Modes: It is almost mandatory for service apps to offer their customers a choice of different payment modes. While online avenues such as net banking, debit, and credit cards plus wallets are popular options, many still like to pay ‘Cash on Delivery’.

In-app Chat: The option to chat with an agent via the app platform is critical functionality that on-demand service apps must incorporate. There can be a combination of chatbots and human agents in this segment. For example, simple queries that require instant solutions can be handled by bots whereas more complex problems can be transferred to a live agent.

In-app Call: While live chat through the app is becoming immensely popular many customers are still old-school and prefer to speak to a customer service agent if they have queries or issues that need to be resolved. Having an in-app call facility can conveniently connect them instantly without having to leave the app and dial a physical number.

Feedback, Review & Ratings: Customers always check on user feedback, reviews, and ratings of the service providers that you have on-boarded. Ensure that this feature is highlighted as great reviews and ratings can translate into more revenue with prospective clients.

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Features for Service Providers

Registration and Log-in: Service providers need to register on the app and log-in using their username and password. Alternatively, Gmail ids and social media handles are popular log-in options too.

Profile Building: The service providers need a dedicated service page where they can list the type of services on offer. On the front end, the customer will be able to view this information, check their profiles, reviews, ratings, and feedback before taking the service.

Service Charges: The service providers must be able to access a feature on the application where they can set their service charges, be it hourly, a fixed rate, or a customized quote. This again will reflect as part of their profiles on the front-end.

Availability for Service: The service provider should be able to freely choose his or her time of operation to deliver their service offerings. This functionality on the app caters to this requirement.

In-app Chat With Customer: A dedicated chat feature integrated with the application can help service providers and customers to connect and converse, discuss service offerings in detail, talk about rates and quotes, etc.

Manage Payments: The service provider should have access to manage the payment received into their accounts via the application. This functionality helps them to monitor and keep track of payments, both incoming and outgoing, plus their commissions.

GPS Navigation: Enabling a GPS navigation feature on the app helps service providers to reach their customer locations conveniently.

Features for Admin:

Unified Dashboards: Creating a singular dashboard assists the Admin to track and monitor analytical information and generate insights at a glance.

CMS Integration: A CMS or Content Management System is essential for any on-demand service delivery application. The integration of an intelligent CMS enables the admin to completely manage the content delivery from a singular platform effortlessly.

CRM Integration: A Customer Relationship Management System is an ally of all Admins as it a single point of customer data collection. This data is then analyzed which can determine the company’s future marketing and customer acquisition strategies.

RMS Integration: A service delivery app must have a Record Management System integrated as it is an efficient way to create, delete, and maintain all essential data that is captured through the application.

Viewing Customer &Service Provider Profiles: While customers and service providers can create, edit, and delete their individual profiles, the admin has overall control. They have the authority to suspend or ban profiles especially if fraudulent activity is involved.

Data Back-up & Restoration: Ensuring that data on the app remains safe and secure is absolutely crucial. To achieve this, you need to have a dedicated data back-up and restore options.

Finance & Tax Management: A feature that dedicatedly handles finance and tax management is a necessity for admins to manage the business accounts efficiently.

Ad Management: To run ads and promotional campaigns, a feature that can manage it all from the app’s platform can be really time-saving.

Sales Analytics: The back-end should be supported with a robust sales analytics functionality that is able to effectively evaluate and assess all incoming data to generate a range of reports and insights.

Read Also :  How to Create a Mobile Application ? 

Determining the Technology  Stack

UrbanClap is a complex app and there requires a high-end technology stack. Here’s what we recommend.

Android App Development: Android Studio

iOS App Development: Swift

PHP Framework: PHP, CSS3, HTML5, JavaScript, jQuery

Database: MySQL, MongoDB, Mail Chimp Integration, Cassandra, Postgress, HBase

Hosting: Amazon Cloud

Additional technologies that you may also need are:

For Text Messaging, Voice & Phone Verification: Twilio, Nexmo

For Easy GPS Navigation: Mapkit

To Track Users In Real-Time: CoreLocation

For easy sign-in via social media handles: Facebook SDK and Google Sign In

Payments: Stripe, Wallets, Braintree, PayPal

Real-Time Analytics: Google Analytics, Flurry, IBM, Apple Flink, BigData, Cisco, Spark

Cloud Technology: Amazon Data Servers, Google Cloud Server, Azure

On-demand-Service-App

Your Development Team

To create an on-demand service delivery app like UrbanClap needs a relatively expert team of developers. Hitting the right composition will ensure that your projects can take off as planned and get completed as per assigned milestones and timelines.

The ideal development team can carry your vision forward and work towards making it a success utilizing all available resources.

Here is a recommended team composition:

  • Project or Team Lead – 1
  • Front-end Developers – At least 2
  • Back-end Developers – At least 2
  • Android Developer – 1
  • iOS Developer – 1
  • UI / UX Professionals – 2
  • QA Engineers – 1

How much does it cost to create an app like UrbanClap

If your goal is to create an on-demand service delivery app like UrbanClap from scratch, the average time will range anywhere between 3 to 4 months per iOS and Android platforms.

Of course, a lot of it will depend on your app’s features, functionalities, the panels, and the technology stack that you use.

Depending on the complexity of the UrbanClap app that you wish to create, here is an hourly estimate:

  • Simple app: 300 hours
  • Moderate app: 400 to 600 hours
  • Multifaceted app: Around 900 hours
  • Highly multifaceted app: More than 900 hours

Other than features, functionalities, panels, and technology, the location of your app development team also has a role to play in determining the overall cost of app development.

The hourly cost per location is as given below:

  • USA: USD 150 to 250 per hour
  • Eastern European countries: USD 120 to 180 per hour
  • Asian countries like India: USD 40 to 80 per hour

With an assumption that you are developing an MVP app in India, the cost can range between USD 15,000 to 30,000. Adding more features, options for more platforms will no doubt increase the cost.

Read Also : Rise of On Demand Apps During Corona Virus Outbreak

In Conclusion

UrbanClap has evolved over the years, ensuring that they retain the number one position when it comes to on-demand service delivery applications.

on demand app cost

Benchmarking your app against the best is always a smart move. That said, do not forget to add a touch of uniqueness that sets it apart from the crowd.

Your goal should be to become a one-stop solution that fulfills the needs of urban city dwellers. To help achieve this feat, enlist the services of a credible app development company that will be able to guide you on this journey.

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The popularity of community apps such as Nextdoor, GoNeighbor, and Hoodi is rising. Even Google has tried its hand to create a community app like Nextdoor with Neighbourly. All for good reason – people are increasingly aware of the distance created among them and want to reconnect with people in a media platform.

When Nextdoor was introduced, the founders realized that according to Pew Research Center, 29% of Americans knew very few about their neighbors where as 28% did not even knew their names. But now Nextdoor consists of more than 180,000 neighborhoods who share the media platform for services, newsfeeds, conversations, etc.

If you are someone interested in providing value to society while also building a start-up, then community app is a great choice for you to explore. The success of the Nextdoor app stands as a testimony to this fact. But, how do you create an app like Nextdoor? Let’s take a look about its development process and app cost.

About Nextdoor Community App

create nextdoor app

Launched in 2011, Nextdoor emerged as a private social networking app solution among users who like to interact and engage with their local community.

This app has features such as local news feed, community events, important notifications and recommendations for local service providers, merchandizes, stores and more.

By providing users the ability to know all about their neighborhood community and happenings, the app became a reliable resort for many.

Nextdoor App Trivia

Read Also : How to make an App like OYO

Features

1) Local app For Neighbors

This app lets the users know all the local news happening on your neighborhood. You will get recommendations for the best local jack of all jobs. Users can use this app to sell or buy items by posting on the ‘For Sale or Free’ page of the app.

2) Events

You will get notifications on the local events and community activities at your nearby location. It also helps to find garage sales, yard sales, and estate sales and also to host and organize parties and events.

3) Home services and deals

Helps to find a baby sitter or recommend a nanny. It also allows you to search for pet sitter or catering company through the classified ads in the app.

4) Crime alerts and safety tips

Nextdoor app shares information during a natural calamity or disaster and also organizes a neighborhood watch to get a word on crime and safety. They keep a crime report and maps to help your neighborhood stay safe.

5) Recommendations

With the app users can find review of nearby businesses like restaurants to find whether it is worth.

6) Help Maps and Groups

The very latest features introduced by Nextdoor are Help Maps and Groups to provide better support during Corona Virus outbreak. The help maps offer a way to coordinate help between those in need and those who are willing to offer help by dropping supplies, running errands, etc.

Groups allow smaller groups to network outside of the main feed. The new features are visible after updating Nextdoor to the new version.

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Important Factors to know

(1) Infrastructure

Nextdoor uses Amazon Web Services (AWS) to support its platform. AWS gives a strong positive experience in configuring machines and spinning up new capacity. They use Amazon EC2 to distribute the site traffic across the EC2 instances.

AWS Cloud Formation templates are used for the flexibility and elasticity in deploying servers. The app uses Amazon VPC for creating secure private network which includes user-facing services development environment and several IT functions.

(2) Investment

In 2019, Nextdoor announced it has secured a funding of $170 million round. The $123 million rose from new investor Riverwood Capital along with Benchmark, Tiger Global and Kleiner Perkins helped them achieve this. The other funds were from Bond.

Now the value of Nextdoor is more than $2.1 billion which generates revenue from sponsored ads, posts and real estate.

As the company continues to expand globally and enhance local businesses, there will be new investors and will gradually cements Nextdoor as the essential local platform for neighbors around the world.

(3) Revenue

Nextdoor received funds from Venture Capital investors until 2016. After following the advertising products, Nextdoor started generating revenue.

(a) Advertisement Sponsorships

The app displays sponsored content from different businesses that have valuable products and services to share with Nextdoor.

(b) Neighborhood Sponsorships

Nextdoor enables purchasing a Neighborhood sponsorship for local home services and real estate agents who wish to promote their listing and advertise their expertise in their zip codes.

(c) Local deals

Neighborhood businesses can purchase local deals which allow advertising offers to the Nextdoor community in their area.

(d) Discussions and Recommendations

As recommendations are the most popular topic, Nextdoor has introduced a new recommendations product that already has over 17 million recommendation popup across the country.

This app is also a digital space for informal discussion like what is happening nearby and even shares local news to the community. In future, Nextdoor may be the app for social marketing beyond Facebook, instagram and twitter.

(4) Key Performance Indicators

KPI for Nextdoor app is categorized into four.

(a) Recommendations

As the number of recommendations increases, you will have more social proof.

(b) Neighborhoods

This is your contact in terms of communities and neighborhoods. As the number of contact increases, the networks to your business also increase.

(c) Neighbors

Neighbors are the Nextdoor users who can see the page. The higher the number of Neighbors, the more you can connect.

(d) Comments

These are made by people who actively engage with your neighborhood community by leaving comments, providing feedbacks, addressing concerns, etc.

With these 4 KPIs, you will be able to track and optimize your presence on Nextdoor app.

Read Also: How to Hire an App Developer ? 

What makes Nextdoor Successful?

(1) Know the community and get involved

The importance of knowing your community is that you can be an educated resource to your prospect. Also joining local clubs and groups lets you know more about the community interest and also associate your business with the neighborhood.

(2) Provide relevant information and services to the community

The benefit of Nextdoor is that it is hyper local – so make sure that the content shared is relevant and applicable to the local community.

(3) Quick response

Prompt responses and follow up builds client trust as well as reputation. Try to reach out the client within 2 hrs. Also give a follow up call Enquire if they still need help.

(4) Be honest and transparent

The members in the community depend on Nextdoor to know important news and want the application to give value to their queries. Always be transparent with the update you provide.

(5) Be persistent and up-to-date

To build your reputation, be persistent. Add new members or neighbors by sending them free invitation letters and participate in conversations on regular basis.

App Workflow

nextdoor app workflow

Challenges

  • Strong system performance as lots of members is engaging on the community activities.
  • Solid and fast platform to share messages during the crisis.
  • Nextdoor needed its developers to focus their time enhancing the site’s online communication other than supporting the underlying technologies.
  • Another major focus was the security as they required isolation between the applications.
  • Analysis of data usage must be improvised as Nextdoor aimed to personalize the service they provided.
  • As cities involved in the promotion of Nextdoor by highlighting it on community newsletters and linking it on city website, some residents believed that Nextdoor is a city- endorsed and managed platform.
  • Because the police department used Nextdoor as part of their neighborhood policing strategy and to remain connected with communities, people started reporting issues directly to the Nextdoor which resulted in posting issues minor issues like noisy dogs, couches left out, etc directly to the city account.

Steps to Create an App like Nextdoor

The steps to create to create a community app like Nextdoor for Neighbors are as follow

We have a detailed guide that will help you in creating an exceptional mobile app like nextdoor.

How Much Does it Cost to Create an App Like Nextdoor ?

The most appropriate amount of cost to create an app like nextdoor are as follows:

Website : $11K to $16K

Mobile App : $16K to $22K

App Marketing

(1) Finding exact Audience

Nextdoor is a social network platform that gives membership by address so that you can make sure that the targeted people live close to each other and they will be having same thoughts and interests.

Hence it eases the category of news and recommendations posted on the newsfeed. This is considered to be a technical way of marketing the app among the exact audience organically without any guesswork.

(2) Word-of- Mouth

The best app marketing strategy is word-of-mouth. Before the introduction of internet, people used to buy things through the neighbor’s recommendation or experience because even if we use a catalog, information from the trusted source is much worthier.

The social networks migrate that process online allowing the neighbors to provide and respond to suggestions between the members of the same community thus by encouraging the users to share any product or service through the app.

Hence the recommended way is much more efficient when they are share within a small and tuned-in group.

(3) Campaigns

Nextdoor provides campaign and press club meetings with its facts and features explained by the Board members which automatically let the users know more about the application and influence them to use the app.

(4) Surveys

Nextdoor conducts various surveys with different topics which attracts people to the app and is considered as the best marketing strategy.

(5) Features

Certain features like alerts during disaster, crime and theft alerts, etc. influences more people to the app and new partnerships with other companies helps them market the app within neighborhood or society.

(6) Partnerships

For Promotion, Nextdoor collaborated with the entertainment channel, Sony Pictures Home Entertainment to celebrate the special day, Kindness Day. On this day the members are allowed to share the story of their neighbor’s kindness they have seen or experienced.

Nextdoor along with Mayor Bloomberg announced their partnership with New York City which helps neighbors to be in touch about important city and safety updates through the websites and mobile application.

Members of New York City can make use of Nextdoor to share information about safety issues, events, businesses, pets, etc.

Read Also: How to Market an App in Social Media ?

Conclusion

Nextdoor app is a social networking platform for communities, neighborhood and businesses. Nextdoor narrows or simplifies your network to small group for any recommendations or suggestions rather than connect you to any users across the world.

It is a network that compiles more than 180,000 neighborhoods across the globe. Here, the users can do everything from gossiping about neighbors to commenting on local businesses.

Social Media App cost

To end up with, building a brand among neighbors is not an easy task unless there are transparent and symbiotic relationships between the users or members.

Before you initiate the process to create a community app like Nextdoor, you must ponder over the cost, timeframe and methods involved down the road.

To achieve greatest success like Nextdoor, you should also invest a good part of the overall cost in pre-launch and post-launch marketing efforts. For everything to work out well, you need an excellent mobile app development company with exceptional talent and innovative resources.

We, Redbytes can help you in this situation. Please Contact us at +91 8113 869 000 or mail us at: info@redbytes.in

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What is BankOpen?

BankOpen is a popular digital banking platform that is entirely online. It doesn’t have any branches, nor is it present in any specific physical location. This process is called neobanking. Neobanking facilitates online payment, receipt, lending and borrowing of money along with several other functions.

bankopen

BankOpen allows businessmen to manage invoicing, payroll and automate bookkeeping, send and receive payments and control cash flows all on one platform. BankOpen is the first neobanking platform in Asia and it has become very successful.

To build a fintech app like BankOpen is a complicated process and requires a team of professionals but with the increased popularity and convenience of neo banking, it can lead to great success.

What is Fintech?

Fintech or Financial Technology describes any technology that is used in financial services. It uses the digital platform to provide financial services like online payment, managing investments, raising money for a business startup, etc. Fintech also includes the development and use of cryptocurrency.

fintech

When first introduced, fintech was used in the backend of banks and trading institutions. But as the technology developed and started becoming a major part of daily life, fintech became more consumer-oriented.

Fintech has changed the landscape of financial services. It is everywhere from transferring money to trading stocks to even making payments for groceries and is posing a threat to traditional banks and financial institutions.

Read Also: 13 Best Finance Apps 2020

Need for Fintech Apps

need for apps - build a fintech app like BankOpen

Anything and everything is done on a mobile phone now, be it calling, texting, shopping or even sending money. Everything is available at your fingertips now, making tasks that were hectic and time-consuming, easier.

People find that Banking and payment apps are much more convenient as it avoids the long processes that are an integral part of traditional banking. Therefore, fintech apps have huge potential nowadays.

Steps to Create an App like BankOpen

steps to create an app - build a fintech app like BankOpen

1) Identify a niche market

The first and most important step in developing a fintech app is to identify the audience for the app. The creator of the app has to decide if the app is for individuals, institutions or businesses. Through market research, the needs of the target audience can be identified and the scope of the app can be properly planned.

2) Build an MVP model

Start with an MVP (Minimum Viable Product) model. Build a prototype of the app and release it for a small sector of the target market. The prototype should only contain a limited set of the app’s features and show the basic structure of the app.

The main aim of releasing a prototype is to get feedback on it. Users will give feedback on the errors of the app and also ways to improve it. Depending on the feedback, changes can be made to the app so that it becomes very user-friendly to fully release to the public.

3) Get cloud services

A start-up may not be able to invest in IT infrastructure in the beginning. Instead they can get cloud services to provide storage, infrastructure, operating system, etc. to begin their development process.

PaaS (Platform as a Service) or MBaaS (Mobile backend as a service) platforms provide cloud services. Software Development Kits (SDK) and Application Programming Interface (API) can be used for app development.

4) Hire a professional team for app development

An experienced and professional team has to be hired for the development of a good quality app. An ideal team consists of a visionary, requirement analyst, project manager, designers, mobile app developer, iOS developers, android developers, QA (Quality Assurance) specialists and sales and marketing specialists.

5) Be compliant with the local regulations

Banks and other financial institutions have many regulations binding them. Many laws are established to try and protect this sector from fraudulent activities. Therefore, it is difficult to break into the financial service industry. Fintech apps developed should be able to verify government provided IDs.

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6) Set-up IDEs

For the development of apps, certain development tools are required which are provided by IDEs (Integrated Development Environment). The best IDEs for android app development are Android Studio, IntelliJ IDEA and NetBeans IDE. The best IDEs for iOS app development include Xcode, Appcode and Atom.

7) Develop the app

Once the development tools and teams are ready, the next step is to develop the application. The developers have to make sure that while the fintech app has all the features that they have already planned, it is also visually pleasing.

The user interface must be simple and easy to navigate. Aesthetics play an important role in the popularity of an app. An app with the right theme and colour palette will give an enjoyable experience to the user. Also, make the app icon unique so that it will be easier to market it later on.

8) Test the app

Once the app is developed, it has to be tested on several devices before it is released. Since it is a fintech app, users have to be sure about the security of their data on the app.  Therefore, before releasing the app, measures have to be taken to ensure the safety of information on the app.

The best places for release of apps are Google Play Store, AppStore and Microsoft Store. Once they are released, the users can give feedback on the app and accordingly, the weak and strong aspects of the app can be identified and necessary improvements are made.

Essential Features of Fintech

bankopen features - build a fintech app like BankOpen

1) Simplicity

The most essential feature that makes any fintech app successful is its simplicity. Apps should be easy to use and reliable. The simplicity of these apps enables users to manage their finances and save their earnings.

Good fintech apps provide users with advanced services that allow them to keep track of their finances, thus feeling empowered. These apps aim to become simple analytical tools that collect and organise financial data, display transactions and allows users to create financial programmes.

Payments, borrowing money and management of finances are much easier through fintech apps rather than conventional banking procedures. This makes it very attractive to consumers.

2) Personalisation

Fintech apps are consumer-oriented. App developers must strive to understand their clients and make each client’s app experience unique.

With the help of artificial intelligence, a user can be provided with personalised services that are not usually available in banking and other financial institutions.

When the financial services provided is personalised, users will be more satisfied with the app, thus creating a greater reputation for it.

3) Security

Fintech apps must ensure users about the security of their personal data. Since the focus of fintech apps is money, users have to be assured about the security of their data.

Apps must also always be vigilant about any cyber security threats. Some good ways to ensure security are two-factor authentication and lockdown of the account after multiple failed login attempts.

4) Integration

One of the essential features that an app must be successful  is its ability to integrate with other apps like those for bill payment and financial resource management. An individual or a company requires several services.

Unless the app is built to provide all those services, it must be able to integrate with other apps. Developers will have a hard time to develop and maintain a coding that enables integration of the app with others.

Read Also: 15 Best Stock Trading Apps 2021

How do Fintech App make money?

apps make money

People do business to make profits. In the same way, apps are also developed with the aim of generating profits. Giving free service all the time will be a huge loss for the app developer and so services have to be monetized. The most common methods through which fintech apps make money are:

1) Subscription

First time users of the app are given a free trial period that can last from a week to 30 days. If the users like the app, they will pay a subscription fee for further use of the app.

Users can also be given premium service where basic features of the app are given to the users for free but certain advanced features like trading advice can be offered as a premium service for which the users makes a small payment.

2) Advertising

Fintech apps advertise third party companies on their platforms for money. When users click on these advertisements, the app gets money from those third parties. Different users will get different ads based on their personal preferences.

3) Peer to Peer Lending

Fintech apps can be a platform for individuals to lend money to each other. They can earn interest on the money they lend and in turn, the fintech platform will charge a small fee as brokerage.

Trends and Statistics

  • Recent research reports show that almost 88% of well-established financial institutions fear that they will lose their revenue to fintech companies in areas such as money payment and lending.
  • About 46% of today’s consumers exclusively use digital platforms for their financial needs
  • In 2018, fintech firms acquired more than $111.8 billion in investments
  • More than 82% of traditional financial institutions are planning to increase their collaborations with fintech companies.
  • By the year 2022, mobile payments are estimated to grow by 121%. This composes 88% of all banking transactions.

How Much Does It Cost to build Fintech App like BankOpen

Fintech apps can be developed within 40–50 days at the cost of $10,000 or more. But development of the app is not a one-time process. According to the frequency with which the government changes its regulations, the coding of the app has to be revised.

iOS apps are much easier to build and cost less than android apps. iOS users are also more likely to pay for their apps. But there are more Android users than Apple, especially in Asia. The cost per download for Android is lesser than iOS and Android apps need not be updated as frequently as iOS reducing its maintenance cost.

The cost to build a fintech app like BankOpen is $4800 in India when compared to $48,000 in the US. Most developers, therefore, outsource their development projects to India as they will get more talent and expertise at a lesser cost.

Similar Apps

Fintech is a very competitive field now and more and more players are entering the field. Some fintech apps similar to BankOpen are:

  • YONO by SBI – YONO is a digital banking platform offered State Bank of India. It offers various financial payments like bill payment and is available both on Android and iOS.
  • Robinhood – Robinhood is a US based stock trading app. It allows users to invest in public companies and shares listed in the US stock exchange. The app does not charge commission on investments of the users.
  • Chime – Chime is a US based banking app. It doesn’t charge any transaction fees. It allows users to manage their savings and expenses.
  • Mint – Mint is a successful budgeting app that allows users to keep track of their income and expenditure. The app also reminds users to pay their bills and offer them advice based on their spending patterns.
  • Google Pay – Google Pay is a digital wallet that is linked with the users’ bank accounts. This app can be used to make payments, purchases and even book tickets

Read Also: 15 Best Money Transfer Apps 2021

Conclusion

Financial Technology is taking over the financial service industry. Now is a great time to build fintech app like BankOpen with the increased number of smartphone users.

More and more people are getting to know about the convenience of such apps and according to recent studies, users of such apps are expected to grow by 120%.

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Entering at an early stage into the market will give you a competitive edge over new players. To build a fintech app like BankOpen is a profitable but complicated process.

Redbytes has a team of professional and experienced developers who can provide the best services in the industry. With previous experience in such projects, they will be able to help build successful fintech app like BankOpen.

Posted on by rbsupadminnextjssite

Photo editing apps are now a part of every smartphone. From clicking the perfect selfie to adding a glow to your sunset photograph, these apps meet all your editing requirements and that too with less effort. Earlier people used to rely on Photoshop and spend hours to edit a picture in the right light, colour and exposure.

retrica-logo

But, thanks to photo apps like Retrica, you can now get more use out of your smartphones and that too in an instant. These apps don’t stop with just photo editing they are also excellent tools to add a boomerang, a slow-motion or a rewind effect to your home or vacation videos.

Why You Need to Build an app like Retrica

The need for creating a photo editing app is that, nowadays, photography has become a mainstream and everybody is taking and posting the pictures on social media. People want their photos to look attractive in the social media.

So, they tend to add beautiful filters, stickers, etc. to their photos. For that, they search for photo editor apps. In fact, each photo editing app has its own unique features.

react native app developer

However, people prefer those apps that offers wide array of features. So, if you are able to build a photo editing app that offers numerous features then, that will be more beneficial.

So what goes on behind the scenes of creating these amazing apps and how easily can you build an app like Retrica? As an app developer, you need to consider the below questions:

  • What is the objective for creating this app? Is it for personal use or will you publish it on an App store?
  • If you wish to make a profit out of the app, would you make it available as a paid app or a free one?
  • How many filters and other features will you add to the app?
  • What are the unique tools or effects that you can provide through your app?
  • How easy will it be to use your app?

Once you have answered these questions you will be able to build an innovative app like Retrica, that photo editing enthusiasts would love to use.

Steps to build an app like Retrica

Now, let us learn how to make a photo editing app.

Step 1: Research the marker and analyse your competitor’s solutions.

Step 2: Hire in-house developers or partner with a reliable mobile app development company to make a photo app.

Step 3: Choose the basic features of your photo editing app.

Step 4: Consider the right tech stack to build a photo app.

Step 5: Develop an application and launch an MVP version.

Step 6: Develop a marketing strategy and consider ways to monetize your photo app.

Step 7: Add some unique and advanced features to make your filter app unique.

Step 8: Release your mobile app to the App Store and update it regularly.

Read Also: 24 Best Photo Editing Apps 2020

Features to Include in your Photo Editing App

retrica app features

You need to include the essential features in your photo editing app.  Generally, the features are divided into two parts i.e., basic and advanced.  It is mandatory to add basic features in your photo editing app to make your app user-friendly. Advanced features are responsible for making your app distinctive.

The following are some of the main features that should be included in your photo editing app

  • Upload a photo
  • Image cropping and rotation
  • Remove unnecessary objects
  • Collage creation
  • Save and share
  • Various effects and filters
  • Different frames
  • Layer management
  • Inscriptions and stickers
  • Levels editing
  • Image fixer

In fact, basic features can be also considered as MVP ones. You can release your photo editing app with these features and get some feedback from the first users. If users require more features, then mobile app developers can add more complicated and exciting features to your app.

How the apps make money

monetization

You can make your photo editing app profitable by considering the monetization strategy beforehand.

There are several ways to monetize your photo editing app and these strategies can be easily mixed and matched to find the ideal option.

1) Paid Apps

If your app has a great design and exciting features, then you can set a reasonable price and get some money from a paid version of an application. It is also necessary to integrate several unique and exciting features in your app  to persuade customers. In addition, you need to offer a free trial period for users to test your filter app.

2) In-app Purchases

You need to provide your applications for free. Then, you need to advertise upgrades to the paid version, paid feature unlocks, etc to anyone who downloads the free version. This is possible by creating a photo editing app with some MVP features and makes it free. Later, add complex functions and make users pay for them.

3) Advertisements

Video ad is the one of the latest trends in the mobile advertising industry.  Such ad solutions offer users with better experience and understanding of the app’s purpose.

How much does it cost to create an app like Retrica

Cost to build a photo editing app like Retrica depends on various factors including the complexity of the app, number of filters used, the developers and programmers involved, etc. In India, the cost to develop an app like Retrica app is around $8000 to $30000.

In the US or Western Europe, the cost will be around $42000 for 850 hours. In Europe, the cost will be $30 per hour, ie, $25,000 as a whole.

Similar Apps

The following are some of the similar apps like Retrica

  • Shots App
  • Picsart
  • Eye Candy
  • Candy Camera
  • B612
  • Ghost Lens
  • Mega Photo
  • VSCO Cam
  • Lidow
  • LINE Camera

Read Also: How much does it cost to create an app like Retrica

Conclusion

If you have an idea for a photo editing app and wish to make it a reality, then feel free to get in touch with Redbytes Mobile app development agency.

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We will provide you with a team or an expert developer who will be dedicatedly working on your photo app. Some of the key benefits of partnering with a mobile app development agency are:

  • Bug-free and high-quality app delivered on time.
  • Flexible packages in affordable rates for cost-effective app development.
  • Use of latest tools and technologies for building your app.
  • 24/7 communication channels to update on the progress of the app.

If you wish to know more about how we can help you build a photo app like Retrica, then send your enquiry to info@redbytes.in or call us 91 811 386 9000, and we would be happy to help.

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The concept of Android TV app has evoked unbelievable interest among millennials who expect their favorite entertainment (especially sports and news broadcast) to be available anytime anywhere on any device.

Now all the rage, almost one-third of online content is consumed in form of videos via TV apps. Apart from amusement, live streaming applications also fulfill the intent of business marketing.

At times when 80% of consumers prefer live streaming material than reading blogs, the trend is shifting from pre-produced videos to live-streaming apps.

The Rise of Android TV Apps

android tv app

Basically, in its typical definition, TV app is a live broadcast of every action occurring somewhere while capturing them on a specific device you are taking video from.

The result is a rare opportunity to watch it in real-time on personal devices such as computer or mobile. From sports and news to live gaming and social media, Android TV app is prevalent across the globe now.

Read Also: How to build an entertainment app like Hotstar

Social media channels are thickly crowded with millions of viewers who want to relish the live streaming activity in real time. Streaming content also benefits businesses retain their existing customer base, acquire new ones, establish brand loyalty and seize maximum attention of the target audience.

A few live streaming apps seen as crowned to top are:

  • Facebook live
  • YouTube live
  • Instagram live
  • Twitch
  • Periscope

Statistics and Facts about TV Apps:

statistics and facts

  • 79% of people are convinced to buy a piece of software or an app by watching a video.
  • Social media videos are generating 1200% more shares than texts and images.
  • About 41% more traffic is added to companies using videos to explain their product.
  • 63% of people age 18-34 watch live streaming videos
  • 47% of viewers are increasing every year on live streaming.
  • 79% of people feel live streaming videos are more authentic than pre-recorded videos.
  • Of all internet traffic almost 82% of traffic is expected on live streaming by 2020.
  • The expected revenue from live streaming by 2025 is $ 125 billion.

Types of TV Applications

There are different kinds of TV apps popular in app stores. If you want to develop a tv app then, first of all, understand which type you need to develop for an android app or iOS app.

hire android app developers

Select the type of streaming app according to the type of task you want to complete. Based on the type of task the application is designed and categorized. There are three types of streaming applications:

1) Audio-only streaming

In this type of application you can play only audio like songs. The user can listen to music without preliminary downloading. This is a type of app is very simple to use. Some popular streaming apps you will find today are Pandora, Spotify, Apple Music.

2) Video On- Demand Streaming (VoD)

This app allows users to watch TV series, videos, and movies without downloading it. Users are allowed to pause, resume, rewind, and even can skip unwanted parts of the video.

Users need to pay some amount to streaming services for watching video content. Some popular video streaming apps are Netflix, Amazon, Vevo, Hulu.

3) Live Broadcasting

It is one of the most popular types of live streaming media on social media. This type of application allows users to watch the video in real-time mode. It is recorded and telecasted simultaneously.

On this, professional streamers, stream how they play games, how they talk about different things and simply answers all the questions online. The popular live-streaming apps are Facebook live, Instagram live, YouTube live, Periscope, etc.

Reasons to Develop an Android TV App

reasons to develop

1) Ad-Free Way of Interaction

Ads interrupts and ruins the experience of your online video watching. Live streaming provides users an amazing ad-free experience of online streaming. It will increase loyalty for your brand and engagement of old as well as new users.

2) Increases attention from the potential customers

The perception of users is different for live broadcasting. Live streaming captures more attention from potential customers as they are more interested in real-time streaming as they are developing more interest in real-time streaming.

3) Prolific content

Customers are more interested in watching than reading the information about your product. The detailed information about your product on social media will not push customers to use it.

But live streaming apps engage more customers and gives richer content to potential customers.

4) Increases Brand-loyalty

In real-time promotion, your product will look much more captivating and brighter. Live streaming helps to increase loyalty to your brand by giving proper exposure to your product. Live streaming gives a more detailed and bountiful way to tell about your brand to new customers.

5) Real-Time Engagement

Live streaming is the best option to reach more customers and engage in more potential customers. You can communicate directly to the customers through live interaction which will give a positive effect on lead generation.

app cost calculator

6) Basic features

The basic features should be interesting for users. Create an MVP version of the app with minimum features. The basic features should be:

7) Registration

The registration process should be simple; it should be implemented with the use of the mobile number, e-mail address, or password. Also, add forgotten password function by user e-mail or mobile number.

8) Personal profile

Ask users their personal information to add while signing up on your live streaming apps. A small amount of information is sufficient like full name, profile picture, username, subscriptions, subscribers, locations, and interest.

Read Also: How much does it cost to create an app like Hotstar

9) Streaming

Scalability is most important in streaming app development. Implement the function of online streaming with a watch later and save option. Your cloud server should have larger storage for this.

10) Comments

Give the users to express their opinion and feedback about the streaming video which helps in improving the quality of broadcasts.

11) Notifications

Users should be notified by the app for their favorite and subscribed videos stream online, whenever a new video is uploaded or playing live.

Steps to develop an Android TV App

tv guide

Follow a few important steps to create a live streaming app:

1) Get license

The first step is to acquire a license and publishing rights for your content. If you want to upload ‘video-on-demand services’ to your customers, then you should have the right to stream such content.

Make a contract with a content provider to give you a right to distribute video content. Create terms of use and enable people to read and accept the terms before using or watching your content.

2) Choose your platform

This is an important step in creating live-streaming apps. Choose wisely your content delivery platform as this will ensure the smooth delivery of your content without any interruptions.

You really need to think ahead and may have to pay additionally for a content delivery network.

3) Choose a reliable host

It is also necessary to choose reliable server hosting that will ensure continuous streaming services for your customers despite the future surge in traffic.

When your services become popular, numbers of users will grow and thousands of users will subscribe to your services simultaneously. You should have strong server infrastructure to deliver quality live streaming video to your users.

4) Storage

Your content should be stored in a reliable place that enables users to watch your videos again and without any failures. Live streaming videos should contain a replay option and powerful SSD-storage with proper functionality.

5) Aesthetically stunning UI/UX

The appearance of your live streaming app means a lot because users usually judge and rate your streaming service based on the first impression they get after having a first look.

To create the best possible appearance of your streaming app, you need to hire highly skilled and experienced designers. However, with that said, it is wise not to overload your streaming service with tons of images and UI elements.

6) Testing

After developing a live streaming app, it’s important to test the app and its features in real-time. Only after testing you are ready to launch your live streaming application.

Many problems may arise while developing and marketing the app. And it’s also important to research constantly about what is going on in Live streaming apps market.

Read Also: How much does it cost to create an app like Instagram

Conclusion

Android TV app development is taking a shape of cool trend at the moment and building a successful live streaming app would be the best decision.

To ensure your live streaming app creates a huge turnout and blazes a trail while sustaining the millions of viewers, you will need to find a potent and technically sound mobile app development partner.

If you feel you can entrust us with all your project expectations, we will be willing to hear your requirements. If you seek consultation to develop an android tv app for your business, Contact

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