We create vertical and horizontal B2B marketplaces to help businesses promote their offerings to other companies. We analyze challenges and opportunities associated with this domain to build secure, stable, and fast-loading software solutions.
Our custom marketplace website development service implies building B2C marketplaces with the advanced features. We offer buyers and sellers an exceptional user experience to help our clients compete with industry giants on an equal footing.
Since NFT trading is gaining momentum, more and more businesses will benefit from NFT marketplace development services provided by Syndicode. We create unique powerful platforms that allow buying, selling, and exchanging non-fungible tokens and provide buyers and sellers with superb user experience.
Our online marketplace development company builds vertical and horizontal B2B, B2C, and C2C marketplaces that provide mobile users with a seamless experience regardless of their device, screen resolution, and operating system.
Our multi-vendor marketplaces give buyers access to a great number of sellers to choose from. This way, they can purchase the desired item at the most suitable price. Sellers, in turn, can increase their visibility by offering their products to global buyers.
Our customer-centric approach, together with vast industry knowledge, allows us to create high-quality marketplace solutions to help both platform parties drive maximum benefits from the flexibility of buying and selling any kind of goods online.
The marketplace website development process in our software development company starts with a discovery session. At this stage, we explore the subject area, specify the type of marketplace a customer wants to build, whether it is a product or service one, the target audience (ordinary customers or other companies), and the desired functionality. Apart from that, we identify the potential bottlenecks and the best ways to fix them. This approach is beneficial for companies since they can validate their business ideas without investing too much money. As soon as we define the project complexity, we can provide customers with more accurate time and cost estimates.
Our UX/UI design team focuses on creating eye-catching and user-friendly marketplaces that allow businesses to stand out from the competitors with similar products. After getting the key project requirements, they start working on wireframes, which are sketches without any colors or logos showing the position of elements on the web page. These wireframes are later developed into clickable prototypes, which suppose the first user interaction. The prototypes approved by the customers serve as the basis for the final UI design.
At Syndicode, we follow the principles of the Agile philosophy. We find this approach beneficial for both customers and our development team since it allows us to mitigate risks and achieve early and predictable delivery of high-quality software solutions. According to the philosophy of Agile, the marketplace website development process is split up into short sprints that usually last for two weeks. At the beginning of each sprint, we prioritize the tasks in the backlog. After that, our development team starts building the required functionality, which is further tested by the quality assurance engineers to make sure that there are no bugs. As soon as all bugs are fixed, the functionality is released to production.
It is the last and the most important stage of the custom marketplace development process when your software solution goes live and becomes accessible to end-users and search engines. The final version of the application is released to production, provided the quality assurance engineers did not find any bugs. At the same time, our development team writes technical documentation called release notes describing the crucial functional and non-functional changes that have been made. We cannot underestimate the importance of release notes since they show our customers the value of their product.
Syndicode understands how important it is for business owners to stay relevant and satisfy the ever-growing needs of their audience. For this reason, we are always ready to advance the solutions the company has delivered with new functionality and fix bugs that have been reported by end-users. Customers can use our support and maintenance services in two different ways. They can purchase a certain amount of hours per month. Alternatively, they can create a backlog of tasks that will be given to our marketplace development company. Here we recommend collecting tasks until they take at least eighty working hours. This way, you will be able to save on maintenance services.
Our marketplace development services for healthcare enable buyers to purchase the required medical equipment from the most reliable sellers.
With the marketplace app development services provided by Syndicode for the fashion industry, brands get the opportunity to promote their clothes and accessories to the relevant audience.
With our fast-loading and secure online marketplaces, buyers can quickly purchase the required item and sellers can promote their products and services to a wider audience.
We develop customized, robust, and user-friendly marketplace solutions to help media and entertainment companies engage with their audience and grow their business.
By building educational marketplaces, our online marketplace development company creates an online environment that connects aspiring learners with high-quality education providers.
We create custom rental online marketplaces to connect rentals with lenders in the fastest and more convenient way.
Our flexible centralized marketplaces for logistics offer users accurate information on rates and services of different logistics providers.
Travel online marketplaces allow services providers to showcase their sightseeing tours, holiday packages, and other products and services to relevant customers.
By using services provided by our marketplace development company, the well-established business will get the opportunity to improve its global online presence and enter foreign markets. They will get more global visitors to your marketplace website, acquire more customers, and find new digital channels for communicating with your audience.
For small businesses looking for new ways to gain more clients, our marketplace development services will be a good help. We will build a custom platform to enable you to offer your products and services to a wide audience. It will be equipped with intuitive dashboards to help you monitor your sales activities.
We offer online marketplace development services to help aspiring startups launch their marketplace and start generating revenue quickly and efficiently. Our development team focuses on intuitive, user-friendly functionality, and advanced security of payment information to allow entrepreneurs to establish long-term relations with both parties and increase the profitability of their business.
If you are looking for ways to cut marketplace app development costs, you should try outsourcing. This way, you do not have to hire an in-house development team. Consequently, you save on hardware, software licenses, taxes, let alone salaries, compensations, and sick leaves. Besides, if you need to scale the team and add more specialists, you do not have to recruit relevant specialists. Your marketplace development service partner will provide you with additional professionals.
Another strong reason for outsourcing marketplace development services is the ability to hire talented specialists globally. You will not have any difficulties with finding a reliable team from another region where rates are lower than in your country. In this regard, we would recommend considering a partnership with an experienced marketplace development company from Eastern Europe. This way, you will get a high-quality custom marketplace platform at an affordable price.
When you turn to an experienced marketplace development service agency that builds custom marketplace software, you can expect the development process will run smoothly. Having extensive industry knowledge, specialists there will consider all potential risks and bottlenecks and find the most suitable solutions to address them. Apart from that, the development team will use the latest security standards to protect the payment information of your users from common threats.
The amount of time required for building a marketplace software depends on several factors. The first one is the development approach. If you decide to use an out-of-the-box solution like Magento or Sharetribe, you will be able to create and launch your marketplace website in mere days. However, if you decide to invest in custom marketplace development, the process will take a bit longer. Another factor that influences the marketplace development time frames is the project complexity. The more advanced functionality you want to implement, the more time developers will need to build it.
To start with, initial estimates can never be exact. They depend heavily on project details that are specified during the discovery stage. Basically, the cost of custom marketplace software development is influenced by such factors as the project’s complexity and location of the marketplace development company. For example, if you decide to outsource your marketplace project to an IT company from Eastern Europe, the price for a fully-fledged solution will vary between $80K–$289K. At the same time, a marketplace solution created by developers from Western Europe will cost you approximately $130K–$570K. Finally, if you decide to turn to a US online marketplace development company, be ready to spend no less than $240K–$820K.
Basically, you have three options. First, you can create an in-house team to build your marketplace from scratch. This option is quite expensive since you will have to purchase software licenses and hardware and pay salaries, compensations, sick leaves, and vacations. The benefits this option brings to your business are the high level of engagement and overall control over your marketplace project. Alternatively, you can hire freelance developers on websites like Upwork and Fiverr. However, be aware that the quality of marketplace development services can be far from perfect. Finally, the most reliable option is to partner with an experienced marketplace development company. Their great expertise and vast industry knowledge will bring you a custom solution to help you launch and manage a profitable online marketplace business.
Generally, online marketplaces work the following way. A buyer looks for the required item on such websites. After finding it, the shopper adds it to the shopping cart and proceeds to checkout. Here the buyer should specify the payment and shipping details and process payment. After receiving the payment, the seller undertakes to send the item that has been purchased by the buyers within specific timeframes. As a result, the buyer gets the item needed, the seller receives payments for this product, and the platform owner as a mediator between two parties takes a commission from each transaction. It is worth saying that the transaction is not the only revenue model. Other popular monetization strategies include freemium, subscription, listing fees, and advertisements.