Know Everything About Souq like App Development in 2020

Do you want to try your luck in the online marketplace? Do you want to have your own app like Souq but don’t know what is the cost and features of creating of such kind of app? Then this is the right blog for. Here you will get the complete idea of online marketplace app development. Here you will also learn everything about Souq like mobile app. Without further ado. Let’s start:

What is Souq?

Souq.com is an e-commerce marketplace in English-Arabic language, which is now owned by Amazon, Inc. It is one of the largest e-commerce platforms in the Gulf countries. In the year 2017, Amazon confirmed that it will be acquiring Souq for about $580 million. In the year 2019, Souq.com became known as Amazon.ae.

Also Read : HOW TO FIND & HIRE THE BEST MOBILE APP DEVELOPERS IN DUBAI

As of March 2017, the eCommerce site sold over 8.4 million products, including “fashion, consumer electronics, health & beauty, household goods & baby products.” In addition to this, it also had approximately 45 million visits every month. It was one of the largest online marketplaces in the Arab world as of 2016. The shopping site is often described as the Amazon of the Middle East countries. The online shopping site delivered to the UAE, Kuwait, Saudi Arabia, Bahrain, Egypt, Qatar, and Oman. At present, the online shopping site employed approximately 2,500 employees in retail, engineering, fulfillment, customer support, and the last-mile delivery sections.

What is a marketplace app and how it is different from an online store?

The primary difference between a marketplace and an online store is that the marketplace gives the ability to any independent sellers to list out his or her products or services. Unlike the online stores that only provide its own products, in any specific price that they desire for and keep the delivery models and payment in their own hand, in case of any marketplace mobile app, things are pretty different.

In an online marketplace app, there are a plethora of variations as they differ according to the type of products and the way they promote themselves. Marketplace or Souq like mobile apps solve all the various concerns and problems that online marketers have with the shopping mobile apps–

Now before moving further into the online marketplace mobile app development– the basic features that it should have as well as its monetization model that one should follow in order to get the best possible RoI, or even the cost of the app, let’s have a first look into various trends and sentiments that the online shopping enthusiast are showing towards marketing.

What are the major factors that affect the cost of an app like Souq?

Souq like mobile app belongs to the database app category and the cost of this app is relatively higher than other non-database mobile apps or simple mobile apps. One of the prime key factors that decide Souq like app’s cost are as follows:

The platform of App Development (Android, iOS, or Windows)

It is generally seen that Android mobile apps are comparatively cheaper at the app store than that of iOS mobile apps, surprisingly the development cost of Souq like online market place app for Android is relatively higher and it depends on a plethora of factors, like Android emulators are slower than iOS’s, as well as Android mobile apps need to be tested against more number of devices as compared to the iOS mobile app platform. But with the best development practices, the cost of Souq like a mobile app can be reduced. You can contact a good app development company for the same who have expertise in creating these kinds of mobile apps.

UI/UX Design of the App

Your web or mobile app has only 10 seconds to impress your potential customers. Therefore, a good UI/UX design of the app is a pretty crucial factor in the success of Souq like a mobile app. Good UI and UX design need the use of various advanced technologies.

Size of the mobile app

Here the size of the app means a total number of functionalities and features a marketplace app can have. The more the functionalities and features, the more would be its cost. In addition to this, the cost of the mobile app can be drastically be reduced by giving importance to only various core features in the initial version of the app.

Cost of app developers

Online market place app development cost depends on the geographic location of developers as well as their expertise and experience level. If you hire mobile app developers in Dubai, you can save your time as well as cost. Because the country offers many experienced developers for creating an app like Souq. The mobile app development companies in Dubai are the most preferred companies for e-commerce app development.

Mobile wallet or payment system

A mobile wallet is one of the most used and hassle-free ways of making an online payment. If you are managed to integrate a mobile wallet into your online market place mobile app, it can avoid disruptions that often happen in processing the online payment. Therefore, your wallet can take the experience of your customer to the next level.

PS: Souq like mobile app can also be developed as a web application. The overall cost of these kinds of the app varies from the mobile app (native app). In addition to this, a cross-platform or hybrid app is another trending mobile app development option. But if you want to provide rich user experience and optimum performance, then the native app is the best option for you.

Total Cost to Build a Marketplace App like Souq?

The total cost to create a marketplace app like Souq can be divided primarily into three parts – Designing, Wireframing, and Development. Here I am listing the cost that mobile app development companies in Dubai charge for creating the app like Souq:

Step 1: App Wireframe

Wireframing of a mobile app is the process of creating a rough template of the app in order to give an idea to the mobile app developers and the clients how the mobile app would look like. Furthermore, the cost estimate of app wireframing turns out to be approximately $800-$1000.

Step 2: App Design

While building a marketplace app like Souq, the versatility and flexibility that you present in it ultimately set the background for its adoption in the app store market. In addition, seeing how important the design element has to be, its cost would be somewhere around $7000 to $10,000.

Step 3: Development

Here is the magic that happens. Everything from your initial app ideas to your designs is coded into a fully-functioning mobile app. Here the cost is dependent on 2 major factors – the number of resources and the range of functionalities that you want to add. Keeping both these things in mind, the cost to make a marketplace app like Souq would come somewhere around $30,000 to $80,000.

Here are Some Must-Have Features of Online Market Place App like Souq

A Hassle-Free Process for Registration

Although it is very easy to access, not every app in the market knows how to create its own registration page, which makes it the main reason behind the increasing number of mobile apps uninstalled. Currently, with the ease of integrating social media on your behalf, you do not need application users to fill pages and pages with personal data. All they have to do is log in with a few clicks on Twitter, Facebook or any other social media platform.

Here the idea is to create a market app in which the entire registration process is as short as possible so that users do not have to wait and show patience to enter the market clone app.

There Should be Multiple Options of Payment

Different payment options, with different customers. While this is only one option for debit/credit cards, it is important to add multiple payment gateway integrations to the app and to enable your customers to choose more to offer them different payment options. So, if your goal is to make “Souq” an application development, as well as credit and debit card payment options, then you have to offer them cash on delivery and PayPal, among other things.

There Should Push Notification To Enhance Engagement

Push notifications, as market app developers say, can be the only (really working) way to keep users connected to a marketplace app. Implementing appropriate payment notification strategies can help determine the success of your app, being able to remind users what they are missing, right on time. Therefore, it is important to invest in a proper payment notification system that prevents users from leaving your application.

Integration of Different Social Media Platforms

E-commerce and social media go hand in hand for a long time. And when we, the market leader in mobile app development, talk about social media integration, we are not just talking about a one-touch login perspective. We have talked about including social media in all your marketing operations, allowing customers to promote their purchases and share referral vouchers and discounts on their networks as long as they have an extended network and ultimately the entire domain social Do not join the media.

Add to Cart Features Should be There

Ecommerce customers are often not ready to buy a product, but they want to save it for future purchases. In such a scenario, they prefer the option of Add to Cart, where they can save the product for future purchases. Therefore, the answer to creating an app like marketplace should be the “add to cart” feature.

Ratings & Reviews for the Users

Ratings and reviews are a must when creating market apps like Market, even if you are a beginner in the industry. Not only does this feature add confidence to the health of your services, but it also helps customers make an informed decision while they need to work.

Now that we have analyzed the basic features, it is time to explore the fact that when you invest in a market application, you do not invest in one app, but in three – users, administrators, and vendors – iOS or Android market app if you invest in an app.

Let’s Wrap Up

So, here you saw the cost and feature of an online market place app like Souq. If you want to have your own online marketplace app, then you can take help of any app development company in Dubai. There are many firms that can build your app but you should find only those firms that can offer you the best value for your investment.

First, you have to decide whether you want to hire Android app developer or hire iOS app developer for creating your app. Generally, iOS apps are costlier than Android apps. And, Android apps will reach your maximum potential customers due to the large market share of Android apps.