Want to develop an eCommerce app similar to eBay but don't know where to begin? Are you curious about what features an online marketplace app should have and how much it will cost to build an eBay clone app? If that's what you want to know, read on further.
Since the launch of eBay's eCommerce app, the company's growth has been steadily rising. According to a report by Statista, eBay's net revenue is expected to exceed $10 million in FY2020. It's easy to see why these figures would entice entrepreneurs to launch their own version of eBay-style eCommerce.
Before we can answer your questions on how to develop an eBay app clone, we need to explain the business model of eBay. The eBay business model has transformed from a bidding platform to a multi-vendor online marketplace.
The Multi-Vendor Marketplace
Multi-vendor marketplaces are characterized as platforms that connect buyers and sellers while allowing purchasers to browse products offered by multiple sellers to compare their price, description, and other attributes to make an informed purchase.
Keep reading to learn more about eBay's business plan and income model, even though this post primarily focuses on how to establish an online marketplace app like eBay.
eBay: Everything You Need to Know
The year 1995 saw the emergence of a popular trading platform that will change the way we think about trading in the years to come.
At one point in time, an auction website was used to advertise products for sale and let the highest bidder to purchase them.
Aside from standard e-commerce services like online auctions and ticket exchanging sites like stubhub.com, the $1 billion company now operates as a traditional online shopping website with thousands of items to choose from. Sellers can now start their own online shops, which is a huge step forward for the industry.
As a B2B and C2C global e-commerce marketplace, eBay's business model has proven to be a successful one so far. eBay created an online person-to-person trade community that connects buyers and sellers. Products for sale are put up for auction by sellers, and purchasers can place bids on the items they find most appealing. Distinct auction types have different categories of items, with each having its own set of subtopics.
To Launch An Online Market Place Like eBay, Follow These Steps
You'll need a lot of time and effort to get your own eBay app clone up and running. It necessitates a great deal of time and effort. For your convenience, we've outlined the following steps:
Define Your Niche: Consider the fact that eCommerce giants like eBay and Etsy cover a wide range of market areas and have built a reputation for customer trust over time before launching your own online marketplace. So, if you want to compete with eBay and other e-commerce apps, you need to find a new and untapped market. As a part of your overall marketing plan, make sure your unique selling proposition (USP) is front and center.
Choose Your Revenue Model: Once you've narrowed down your target market, the following stage is to figure out how to monetize your product or service. You have a variety of options when it comes to running a business. Some common income sources are commission-based, membership charge, listing fee, ad business model, and so on.
Choose Your Strategy: Every online marketplace faces a problem in the beginning: whether to sign up more suppliers or create an audience of customers. Experts recommend starting with a limited number of high-value customers in order to answer this question. Set time or demand limits after you've spread the word about your idea. Every entrepreneur should be familiar with the nuts and bolts of starting a business before launching an online marketplace.
Choose Your Strategy
As the next step, you'll want to create an app that connects buyers and sellers. Create Your Online Marketplace App. Choosing a reputable domain name is critical before creating an online marketplace like eBay. After choosing a domain name, identify the e-commerce marketplace's most important characteristics. With an app like eBay, you should focus on a few essentials.
- User or seller authorization
- Product catalog
- Advanced product search
- Inventory management
- Admin dashboard
- Shopping cart
- Multiple payment integrations
- Live chat support
- Real-time analytics
- Shipping & delivery options
- Easy checkout
- Order details
- Discounts & special offers
How To Build Ecommerce App Like eBay?
When launching an online marketplace like eBay, there are four interfaces that you must consider.
- Customer/Buyer Interface
- Vendor/Seller Panel
- Admin/Dispatcher Panel
- Agent/Driver Interface
Let's talk about the features that an eBay clone's UI should have.
Customer/Buyer Interface: Creating an easy-to-use user interface for the customer or buyer is critical to guarantee a positive shopping experience. This is essential to keep clients coming back and increase your online marketplace's return on investment (ROI). Customer app features should contain the following:
- Easy sign-up & login
- Advanced product search with multiple filters
- Push notifications for order confirmation & delivery status
- Real-time order tracking
- Multiple payment mode integrations
- Ratings & Reviews
Vendor/Seller Panel: Online marketplace sellers should be able to quickly manage their product listings and upload photographs and other details, such as pricing and availability, through the use of a vendor or seller panel. Order acceptance and fulfillment should be seamless thanks to the inclusion of numerous useful features. In the vendor/seller panel of an online marketplace like eBay, you should include the following features:
- Product catalog management
- Instant updates
- Order dashboard
- Business reports
- Manage listings
Admin/Dispatcher Panel: When it comes to an eCommerce marketplace such as eBay, you'll want to have a powerful admin/dispatcher panel to monitor and manage everything that goes on there. Additionally, it should provide information on user behavior, purchase completion, order data, etc., so that you may better evaluate the performance of your eCommerce marketplace. The following functionalities should be included in your eBay clone app in order to have a robust admin panel:
- User & agent management
- Automated task assignments
- Real-time analytical reports
- Deals & offers management
- Push notifications
Agent/Driver Interface: Managing an online marketplace requires careful attention to logistics and delivery. As a result, your eCommerce marketplace app's agent/driver interface is now an essential component. It should have features that make it easy for both customers and agents to have their orders delivered quickly and easily. The following features should be included in a user-friendly agent or driver app:
- Easy driver onboarding
- Delivery alerts & details
- Availability status update
- Location & route optimization
- Proof of delivery
- Daily-earnings section
How Much Does It Cost To Create An eBay Clone?
Many factors influence the cost of developing an eBay clone software, including the app's UI/UX, features, location of eBay app development company, and compatibility with Android and iOS operating systems.
The cost of developing an eBay app clone can range from $5500 to $12,500 per platform depending on these criteria. We provide a ready-to-use eBay clone app development solution as a leading online marketplace app developer. As the majority of the solution is pre-written, the time and expense of eBay app development are greatly reduced by using a ready-to-use solution.
We wish you the best of luck as you get started on your eBay clone app. To make your idea a reality, you need to undertake extensive study and write down everything that's on your mind. If you ever feel the need for outside assistance while conducting your study, feel free to get in touch with our eBay app team.