Purchase application? How much does it cost to create a shopping app like Etsy? If this is a question you have in mind, the information below can help you realize why creating an online marketplace can help your business grow massively.
Shopping has covered a major portion of the market today. Users today want an experience of shopping that is just one click away. Shopping apps are trending these days. The surprising customer tracking and massive cash inflow have made them powerful in the online marketplace.
As a customer, won’t you be inclined to a site that sells everything under the sun? In addition to offering a variety, online markets simplify the client’s job of finding products related to their interests and budget, with a click of the mouse and that is why customers find it an attractive online shopping destination.
Now, I am pretty sure that you would like to create a market similar to Amazon, eBay, or Etsy, since creating such an amazing market can not only improve your popularity but can also generate huge profits.
Now, you must be thinking if there is an easy way to create a shopping app like amazon, eBay, or Etsy.
Table of Contents
- 1 What is Etsy App?
- 2 How Does Etsy Work?
- 3 How Does Etsy Earn Money – Monetization Model
- 4 Cost to Create A Shopping App Like Etsy
- 5 How to Make an App Like Etsy
- 5.1 Defining Your Products
- 5.2 Domain & Hosting To Create Shopping App Like Etsy
- 5.3 Choose a Website Script
- 5.4 Brand Logo
- 5.5 Attract Buyers & Sellers
- 5.6 Cost to Development of an E-commerce App
- 5.7 Getting Your App Like Etsy is Ready
- 6 FAQs of Marketplace App Development like Etsy
- 7 Wrapped Up
What is Etsy App?
Etsy is a unique market for handmade items, retro goods, and craft items. If you want to start a website like Etsy, you must learn everything you can about selling e-commerce. If you want to create a shopping app like Etsy, you need to have some considerations.
How Does Etsy Work?
The Etsy app does the following tasks:
- It helps save items and shops so that you can revisit these people later.
- When an order is shipped the customer will be notified.
- Talk straight to shop owners to be able to get all of your own questions answered.
- Check out curated recommendations focused on your taste.
- Look at swiftly and securely employing our full suite regarding payment options, including Android or Pay.
- Discover approaching events and nearby retailers featuring Etsy sellers.
Initially, the user is required to sign up on Etsy which will help them to set up a shop. Etsy works in a bit more unique way than other E-Commerce websites or apps. Thereafter, you can set up your virtual shop with all the required policies that you would like to have.
You can also optimize your shop for Etsy search. In this way, you could reach maximum customers. Thereafter, you can carry on with branding, marketing, and promotion of your shop and its products. Shop owners can manage their shop using customer reviews.
And lastly, shop owners can connect with the Etsy community in order to get optimizing techniques and shop critiques. The best thing about using Etsy is that you can take a break from your virtual shop whenever you want.
How Does Etsy Earn Money – Monetization Model
Etsy can be seen as a simple e-commerce website based on the marketplace model that sells goods and earns revenue from the commission. Etsy’s revenue model is similar to that of the Amazon marketplace. It makes money from the various different fees that it charges the users of its site. If your product sells, Etsy charges 3.5% of the selling price as a commission.
Etsy also makes money by charging a fee if you wish to promote your items for sale in their search or use their shipping label services.
Etsy’s revenue is diversified, generated from a mix of marketplace activities and the services provided for Etsy sellers to help them create and grow their businesses.
Cost to Create A Shopping App Like Etsy
The approximate cost for creating a shopping app like Etsy lies somewhere between $15,000-and $30,000. The app cost may vary depending on various factors such as features, platform, framework, cost of developers, location of the company, etc. You can also use an app cost calculator to estimate the exact cost of developing an app like Etsy.
For a person who has just entered the market, defining all these requirements with precision can be difficult.
Therefore, in most scenarios, a good e-commerce platform is what allows them to start at a low cost and continue to grow as the business grows.
Like many points mentioned above, it will depend on several factors if you want to create a shopping app like Etsy.
Factors such as the number of features you want, in which country you are developing it, what is the degree of customization you need in your store, how many products you want to sell (since you would finally define the server requirements), and so on.
How to Make an App Like Etsy
Defining Your Products
The benefits delivered by your app will determine whether the customers will just visit your app or will they bother buying stuff from your app as well. Along with the uniqueness of your product, it’s a unique way that you’re defining it. The four most important customer benefits are :
- The best quality
- The best quality-to-price ratio
- Luxury and aspiration
For a better product, you need to analyze what service are you selling, what is the end benefit of using it, target customers.
In the mobile commerce landscape, it is difficult to make a difference, because all the main features of the product are more or less the same between your application and that of your competitors.
But you can always win by offering small added values or something that may be attractive to some buyers.
Domain & Hosting To Create Shopping App Like Etsy
You will need a short yet brandable domain name for your new website. Brainstorm for some domain names. After that try creating a list of some potential domain names.
If you are looking for domain ideas, use Namestationto get some domain ideas. Also, you can watch this video to see how you can get an .com domain for just Rs. 99 every time on Godaddy.
For hosting you can go for Hostgator which is one of the best options for hosting your website.
Choose a Website Script
If you wish to construct an app like Etsy, you need a good e-commerce solution. Basically, there are two main options for CMS:
- Custom PHP Scripts
These options provide users with enough resources to make an app like Etsy. Here we have listed WordPress themes and Custom PHP Scripts that are used by Etsy.
WordPress Etsy Themes
Marketify is a marketplace theme that helps in making a marketplace exceptionally beautiful on digital platforms. Making the marketplace using Marketify is very easy.
Walleto is the latest and most powerful blogger theme for turning a new regular website right into a completely featured marketplace website. Every single user can have their own shop and sell their products to other men and women. It even supports the electronic digital and downloadable goods industry. It is a real turn-key market solution.
Custom PHP Scripts
Marketplace Script is an online marketplace software for multi-
Agriya provides consulting and IT Services to clients across diverse markets. The company specialized in web application development such as PHP project
NineHertz clone is a fully loaded buyer and sellers marketplace where sellers can list their products for sale. The NineHertz Etsy Clones offers you a payment gateway with the secure transaction of money and the admin’s commission on every sale that is made.
You need a logo to represent your brand. There are different ways you can get your logo design done one of which is making it on your own. But the feasible option would be to have a rough sketch in your mind and take it to the designer. Decide what type of logo you want for your app.
Accordingly, prepare a layout and design it thereafter. Every e-commerce app needs an impressive logo to establish its brand. If you have a limited budget, you can go for a cheap logo from Fiverr for $5. If you have a bigger budget, we recommend Youzign or 99designs.
Attract Buyers & Sellers
Your job is to connect buyers with potential sellers. Businesses cannot survive without customers. But you need to be patient for the same.
You cannot get customers overnight once the app is launched. Thus, patience is the key.
It might happen that in the beginning nobody might use your website.
To attract users initially you’ll have to list some items that you can put up for sale yourself in order to have customers. You can suggest your friends & family use your app too.
As a matter of fact, all you need is a few sales so that you can encourage people to leave feedback and tell their friends. Word of mouth is the most powerful marketing strategy for an e-commerce app.
Cost to Development of an E-commerce App
The cost of your app is a major concern. Apps like Etsy require some complex features therefore, the cost can be expected a bit more.
There are several variables involved in breaking down the cost –
1) Technology / Scalability / Framework.
2) Timeline & Resources
3) Features & Viral / social elements
Getting Your App Like Etsy is Ready
Once you create a shopping app like Etsy you need to publish it. It’s advisable that you build a cross-platform app. Since these types of apps can get a wide range of users it’s beneficial to have them for android as well as iOs.
Key Points to Consider when Develop an E-Commerce App
Testing the version in the UAT environment
Deploying it on a production server
And initial support
FAQs of Marketplace App Development like Etsy
Cost depends on factors like:
- Defining Your Products
- Domain & Hosting To Create Shopping App Like Etsy
- Choose a Website Script
- Brand Logo
- Attract Buyers & Sellers
- Cost Development Of Your App- features
Getting Your App Ready
You can also use an app cost calculator to know the exact cost.
- Choose a domain name
- Get hosting
- Install WordPress
- Setup WooCommerce
- Configure Dokan
- Pick a theme
Must-have features to create an online marketplace:
- One-click ordering
- Registration and user profiles
- Switching profile types
- Advanced product search
- Product pages
- Product videos
- Admin dashboard
- Ratings and review
- Shopping cart
- Shipping options
- Easy checkout and payment options
- Payment reconciliation
- Order status
- Research and analysis
- Platform development
- Development and testing
- Support and scale-up
You may like:
- How To Make A Shopping App Like Wish?
- 10 Best Online Shopping Apps You Must Know
- Some Essential Features To Consider In Your Next Fashion App
Apps like Etsy provide a unique platform for both buyers and sellers. Thus its development requires a number of steps and an experienced team that can help you achieve these targets. An app like Etsy even if it is only for your own venture can get you a wide audience.
Are you looking to create a shopping app like Etsy? Interested in designing your websites like Etsy or an app? Are you looking to hire a skilled developer or a web development company to build a website?
You Must Also Read