People completely rely on mobile apps to do their day to day activities and tasks. Most of the payment transactions are carried out using our smartphones. This is one of the key factors that has made the buy and sell marketplace to be a great success in the digital market.
The buy and sell marketplace connects the seller and the ideal buyer who reside in the same locality. Buy Sell Marketplace App like Letgo and Offerup has set a milestone in the e-world.
How Letgo and Offerup Works
The letgo and offerup business model is quite simple and easy to understand. There will be a one tap signing process and users can just download the app and can register themselves by providing their personal and required details.
Once you have completed the signing process, you can find the home page with the search icon. Now you can start searching for the product you need for. The search option will let you search category-wise and you can easily identify the required item in the marketplace.
As soon as you find out the product, you can click on the product and can get to know about the product in detail. Then you can make an offer to buy the product. You can communicate with the seller and can negotiate well.
This is the same for the seller too. Posting a product is just like posting on Facebook. You can post the product along with its description and price. People who are interested will contact you. This is how the whole process works.
Features Made Letgo and OfferUp So Successful
Allows buyers to find what exactly they need and will simplify the process and with short time they can identify the product they search for.
Since the local buy and sell marketplace deals with selling and buying within the locality, the geolocation option is a must for this type of marketplace
Comments and rating
This feature will enable the user to understand the quality of the product or the service and in turn we can gain credibility from customers.
People always want to compare the price with other sellers and will select the one that is quite economical and reasonable.
Built-in payment gateway
Integrating a trusted payment gateway will ensure your customers’ safety and the users can have safe shopping with your marketplace.
We should customers to have the delivery of their convenience. This will help in order conversion and you can also retain your customers.
How To Make A Local Buy Sell App Like Letgo Or Offerup
The local buy sell marketplace app like letgo and offerup will allow users to buy and sell products locally. They work to facilitate effective collaboration between the buyers and the sellers.
Here the buy and sell marketplace owner doesn’t own any inventory, whereas he represents the inventory of the seller to the buyer. Now let us understand how to build a buy-sell marketplace app like Letgo or Offerup
- Analyze the features of the app – always understand the essential features that are to be in your buy and sell marketplace and make sure you add all those features to your platform. You can also go through offerup or letgo apps and study the remarkable features they have.
- Select the business model – there are several business models available for the marketplace. One need to understand the business and should select the business model that works well with your plan.
- Create a successful brand name – select a brand name that can be easily remembered by the users and also make sure you have the same brand name as your domain name. This will boost your branding easily.
- Ensure an attractive UI & UX design – to retain the visitors you need to have an enriched UI & UX design. Give your users a pleasant shopping experience that stands in their mind forever. This will let you to acquire more new visitors to your marketplace.
- Integrate Payment gateway – the online transaction is complete only with the successful implementation of the payment gateway. Make sure that your marketplace platform supports several payment methods.
- Pay attention to protection – always assure your website safety and give high priority for the site protection. People always want to carry out their transaction with the secured site. You need to install SSL to your platform.
Readymade Solution to Develop a Buy Sell Marketplace App like Letgo and Offerup
Going for a readymade app for sale the solution to have a buy sell marketplace app like letgo and offerup will obviously reduce your cost and you can have all the essential features to run your marketplace successfully. All you need is to customize the readymade buy sell app solution to suit your business. The development effort is totally reduced.
Why Zielcommerce For Building Buy Sell Marketplace App
Zielcommerce is ultimate readymade buy sell marketplace software that can give the users an awesome shopping experience. Zielcommerce found to be scale effective that suits the customers’ needs. The buy sell marketplace platform handles all the necessary processes starting from marketing to payments and shipping.
The highlights of Zielcommerce
- Responsive and customizable design – a complete user-friendly application.
- 3rd party integration – compatible with several payment gateways.
- Search engine friendly web app – get on top-ranked page in search engines
- Advanced filtering options – easily identify the product you need
The Revenue Model Of Your Buy Sell Application Like Letgo & Offerup
As an owner, one needs to pick a best revenue model buy sell marketplace accommodating their market specialty, and that likewise lines up with their business targets. It is the manner by which the commercial center proprietors infer income will decide the accomplishment of their foundation.
Commission on Transactions
This is one of the successful business models for your application. Commission is fixed and every transaction that occurs for the seller will get you the commission.
People need to register themselves as members of your marketplace and can enjoy the basic functionalities for free. For advanced features they may need to pay and use it.
Sellers can list their products in the marketplace and according to the listing they can pay the fee to the admin of the site.
Featured listing & Ads
The admin can allow a space in his website and can have ads posted on that space. The advertisers will pay the admin to run their ads on the site.
Getting adapted to the latest trends will leverage your business and will let you get greater ROI. Understand the market needs and shine in your own skill set. Build your own buy sell and govern the digital market by all means.