How Much Does It Cost To Make An App Like OLX?
OLX, which is also known as online exchange, is a Dutch-domiciled online marketplace that is headquartered in Amsterdam. OLX was founded in the year 2006, and is successfully operating in 45 different countries today. The OLX marketplace is a platform for buying and selling goods and services such as a range of electronics, fashion items, furniture, household goods, cars, bikes, and so on. It is reported that in 2014 the platform had an awe-inspiring 11 billion page views, 200 million monthly active users, 25 million listings, and 8.5 million transactions per month.
The main aim of this app and is to provide an excellent customer experience, easy user navigation, and guaranteed customer satisfaction, making it an all in one app. Moreover, the OLX mobile app is available on Windows, App Store and Google Play store. So, if you are looking to build a classified app like OLX, then you must include the same features in your app.
Without much delay, let’s get some insight into the classified app features and functionality.
Key features of a buy/sell mobile app:
- Simple Sign Up/Login
- Free Advertising with verified mobile numbers for users
- Buying and selling of used products like mobile phones, bikes, cars, property, fashion items, books, etc
- Users can filter their search to find a preferred buyer/seller
- A private conversation between sellers and buyers
- Real-time alerts and notifications about nearby buyers and sellers
- Insights on popular and trending items and deals
- Users can save ads or products that they wish to purchase later
Some additional features:
There are a few other features apart from those mentioned above, which you need to incorporate in your buy-and-sell app in order to enhance the app and attract as many users as possible. Not to mention, the integration of the additional features can increase the app development cost.
- Multilingual
- Geolocation Integration
- Social Network Integration
- Certified Sellers
- In-App Notification
- In-App Payment
Other factors that determine the app’s cost:
App platform:
The cost of developing a native app is a lot higher than the cost of developing a cross-platform app, and this applies to both Android and iOS. Proper market research needs to be conducted to determine the type of platform that is most profitable for your business. The development costs for the iOS platform are generally lower than that for Android.
App design:
The user interface and the design of the application user experience are incredibly crucial elements. For an app to be successful, a mobile application must have an attractive UI / UX design. If you want your application to stand out from the others, it is advisable to pay close attention to the design aspect of the application. The design you choose to implement in your app greatly impacts the cost of app development. The UI and UI/UX design with lots of animation tend to cost far more than a standard design. However, if you want to improve customer experience, it’s important to invest in an application design that impeccably communicates the brand’s message.
Size of the app:
The size of a classified mobile app depends on the technical complexity associated with the development of the application. Various applications require different features and functions. The complexity of features and the functionality that you choose to add to your application is a significant factor in determining total development costs. Apart from the basic functions, an application has additional functions, enabling it to stand out from the rest and perform the required tasks smoothly and efficiently. The more functionality you need, the higher the cost of building an application will be.
Choosing a developer or development company:
There are numerous mobile application development companies around the world. There are also independent application developers who take on tasks and deliver high-quality results within the specific time period. The cost of developing a mobile application like OLX further depends on a variety of factors, such as the geographic location of the developers and the years of experience they have.
Conclusion:
Buying and selling apps like OLX and are becoming increasingly popular every single day. So this is the best time to build your own application as mentioned previously. The cost of developing an application like OLX depends on the unique characteristics and functions of the app. The basic application would cost you around $10,000 to $30,000. If you want to implement all the advanced features along with the standard features and functionalities in your app, the cost of development would be higher.
