Be it Hollywood or Bollywood, entertainment will always remain an evergreen market for businesses to jump into. The sheer reason for this is as that we as humans have a different instinct when it comes to entertainment – we always want it more. Today entertainment is widely spread into Hollywood, videogames, online content and what not. Thanks to the instincts we developed as humans centuries ago, our brain still gets stimulated when it comes to attending live events in the form of concerts or movies in theatre. This is what is becoming the experiential market and it is growing aggressively.
With an on demand ticket marketplace app like TicketMaster, you can dive into this ever growing market of event tickets. There are thousands of events being organized day in and day out – music festivals, sports, stand-up comedy gigs globally and above everything else – the movies.
TicketMaster started as an idea started by a few college students back in 1974. It went on revolutionizing the way USA bought its events tickets. What initially started as a simple platform for finding local events in a registry, soon grew into an exclusive marketplace for getting tickets to events ranging from movies to Broadway to NFL to NBA.
TicketMaster is actually responsible for bringing technology to the entire ticket booking industry worldwide:
1. It was the first platform to bring online ticket booking and start the market. 2. It was the first player to introduce bar code entry systems in NFL and NBA stadiums. 3. It was one of the first players in the industry to market itself as a unique and exclusive partner to sports giants.
Now, TicketMaster is a part of strong and growing network of various players in the parallel markets of ticket booking such as Live Nation, Ticketsnow, Ticketweb and House of Blues.
Since its inception as a small company launched decades ago in 1974, TicketMaster’s core business has extensively evolved and adapted. If you plan to launch your own event ticket booking marketplace like TicketMaster, you can benefit a lot by studying the trajectory of their business’ evolution. Here is how it keeps the business growing:
There are established business models globally and several giants who lead the market, yet there are several events which go unnoticed or are inaccessible to the right audience. In addition to this, there is a severe need in locally adapting the idea of a ticket marketplace like TicketMaster in way that it helps include all major and minor events in a locale, such that it serves both the masses and the niche market. This is where we, at Let’s Nurture, being a leading mobile app development company can help you out.
We are an experienced team of developers, UI/UX designers, business analysts and product managers. We have had strong experience in working closely with clients entering into new business ideas. We believe standing right beside you throughout the product’s development and help you out with the ideation, pivots and improvements thoroughly
The net cost of developing an app like TicketMaster would be $32000 to $35000. Let’s have a closer look at the detailed bifurcation of the costs.
|App Users||App Users||Admin Panel|
|Basic Features||Splash Screen||Login|
|Registration/ Login/ Signup||Dashboard|
|Phone Validation/ Forgot Password||Manage Users|
|Search Location/ Movies/ Advanced Search||Manage current and upcoming Events|
|Book tickets/ Seat Selection with Layouts||Settings|
|Check Out with Ticket Summary||Manage Wallet/ Withdrawals|
|Payment Option/ Pay Later/ Ticket PDF||Manage Orders|
|Booking History||Manage vendors|
|View/ Apply Coupons|
|Cost of On demand ticket booking marketplace||USD 32000- 35000 for both iOS+Android|
|Add-on Features||Loyalty and rewards||ManageTransactions|
|Mobile wallet integration||Dashboard Analytics|
|Support Chat||Customer Analytics|
Having a live chat can immensely help you connect to your audiences. You can have an integrated solution that connects them directly with the sales representatives or you can have an algorithm take care of the common queries or have a hybrid model.
The data is generated by the user accounts and the general browsing through the app. These dashboards help you get better understanding of the data using custom metrics and analytics reports.
We have extensive experience in developing blockchain ecosystems for secure payments and transactions.
Being a leading on demand application development company in India, USA, Canada, Singapore and Australia, Let’s Nurture has in-house experts who can help your build a robust and scalable ticket booking app like TicketMaster with unique features. Resources needed for on demand ticketing app like TicketMaster are:
Experts with rigorous experience in developing iOS/Android apps.
We guarantee app approvals on both iOS and Android app stores.
Consultation on strategic features and their development.
Development within the confines of Apple and Google Play Store Guidelines.
Efficient testing strategy in place.
Affordable estimations and costs.
Expertise in developing on demand with marketplace apps with rich portfolio.
The ticket marketplace market is ripe at the moment and in dire need of local players who can provide data backed, unique and insightful offerings in the form of their apps. We help you achieve exactly that.
We estimate a high level timeline of 13 to 15 weeks considering website plus two native apps on Android and iOS.
Primary ROI: Membership Fees & Per transaction % share
Secondary options for ROI:
Featured vendor: Payment for displaying at top of search results.
Charge Vendor for displaying AR Content on platform
Gamification- Discounts at specific businesses with High ticket value to boost platform %
Google Adword registration- Per Ad display & Per ad click revenue
Affiliate integration: Rakuten linkshare- Per product purchase commission
Strategis partnership: Will be similar to featured vendor above.
Have an !dea or need help with your TicketMaster App Development Work ?