How much does it cost to make on demand marketplace mobile application like Airbnb?

Amazon, Paypal, Uber startup success stories over past couple of years have been inspiring. We have evidently seen how they turned tides in their favour, motivating aspiring entrepreneurs. A brilliant startup - Airbnb has received global acknowledgement for its e-hospitality and rental service. Airbnb has expanded its web worldwide almost in 192 countries to enhance travellers’ experience to the great extent. According to Statista, the total value of Airbnb was about 31 billion dollars(USD).

What's more amazing fact? Airbnb includes 300k house listing in around 65k cities across the globe. Whether people are looking for a house, a cottage or a villa they bank upon Airbnb.

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About Airbnb: Book vacation home rentals online

Airbnb is a demand marketplace platform that allows users to make travel arrangements on their own without depending on travel agents. It also helps users lease house or any other accommodation for people who are willing to book them privately.

Sign Up

Sign Up and complete your profile before you request a reservation with a host, so they can know a little bit about you when they confirm.

Find Right Place

Select the place you are visiting and select comfortable accommodation place to make your trip memorable.

Book It

Simply book the selected place after choosing a convenient mode of payment from available options.

Features and estimated cost of Rental Marketplace App

App Users Customer App (End User App) Service Provider Admin
Features LogIn/SignUp Login Admin Login
Advanced Accomodation Search List Accomodation/Service User Management
Calendar Integration Manage Accommodation/Service Service Provider Management
Quick Booking Manage Experience Booking Management
Amenities/Skill Management Payment System Management
Customer Reviews Tech Support
Cost of Each User App $7-9k $7-9k $7-9k
Cost of Demand Marketplace platform $21-27k

Add on Feature

Customer App Service Provider App System Admin
Add-on Features Choose from multiple payment options Booking Analysis Rewards and Offer Management
Locality Map View Manage availability on calendar Dashboard Analytics
Email/Text Booking Notification Push notification settings Provide Customer Support
Social Media Sharing
Customer Support Chat

Development Team Composition for Rental Marketplace Application

Before moving to features and functionality of the application, it is essential to learn about resources that will be needed to develop mobile app like Airbnb. The team should ideally be consisting of:

  • A Project Manager and a Business Analyst
  • A UI/UX Designers
  • A Native Android Developer
  • A Native iOS Developer
  • A Backend Developers
  • A Quality Assurance Member

Let’s Nurture has extensive experience in developing numerous on-demand mobile apps and marketplace platforms for various industries. We, at Let’s Nurture, have delivered multiple mobility solutions for various industries.

Technology Stack We use to develop

Sketch
Sketch
Xcode
Xcode
Android
Android
AWS
AWS
Fabric iOS
Fabric iOS
Android Studio
Android Studio
FCM
FCM
Geo-fence
Geo-fence
Google Analytics
Google Analytics
Google API
Google API
MEAN Stack
MEAN Stack
Mentis BT
Mentis BT
Sass
Sass
sendinblue
sendinblue
Google Webmasters
Google Webmasters
stripe
stripe
swift iOS
swift iOS
ZOHO
ZOHO

How Let’s Nurture can help you?

  • Extensive experience in deploying numerous on-demand marketplace mobile apps

  • Creative and Purposeful iOS and Android App Development

  • Affordable Marketplace mobile app estimation

  • Optimised and Structured Coding Standard

  • Strategic Usability Testing

  • Free Deployment and Guaranteed Approval

Are you looking for your own e-hospitality mobile app or demand marketplace?

ENQUIRE NOW TO SEE OUR WORK

FAQ

We strongly recommend to have a mobile app to all our customers for these reasons:

  1. A mobile app can easily increase your income by 20-60%.

  2. By 2019 we will be able to consider 2 out of 3 persons as owners of smartphones.

So ask yourself, if almost all my customers are mobile users, why shouldn’t I take advantage of this? Along with it, mobile platform can be used as an effective marketing tool.

Primary ROI: Membership Fees & Per transaction % share

Secondary options for ROI:

  1. Featured vendor: Payment for displaying at top of search results

  2. Charge Vendor for displaying AR Content on platform

  3. Gamification- Discounts at specific businesses with High ticket value to boost platform %

  4. Google Adword registration- Per Ad display & Per ad click revenue

  5. Affiliate integration: Rakuten linkshare- Per product purchase commission

  6. Strategis partnership: Will be similar to featured vendor above

For a global marketplace, Stripe or Paypal work best and for local regional marketplace, we recommend Payment Gateway most prominent or widely accepted in that region.
It completely depends on the business vertical that you are addressing. For big ticket product and service purchases, this refund is not advisable and for FMCG products and services, there can be a standard return and refund policy.
This depends on business use-case and budget availability. However, we strongly recommend common app where one user can have both, buying and selling capabilities. Requiring a vendor to download a second app to buy from your platform is not ideal. We can provide profile switch option with single login.

Contact Us

Have an !dea or need help with your on demand marketplace mobile application business?

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