Introduction
The customer now prefers to shop from the comfort of their home. Many businesses are investing in ecommerce mobile app development to meet this demand of customers. But how much does it really cost to develop a modern ecommerce app like Daraz?
With 39 percent growth and expectations to surpass 8 trillion dollars by 2027. The online business has seen an amazing increase in both scale and scope. However, there is more competition than ever in the industry.
Want to know how you can own one?
What Are E-commerce Apps?
E-commerce apps are meant to make the shopping experience easy and smooth; they let user purchase and pay right from their smartphones. These apps let customers search, choose, and shop effortlessly. It gives companies an easy way to connect with customers.
Not only shopping, but e-commerce apps have features that increase user engagement. These may include user reviews and ratings, personalized recommendations based on the user’s browser activity, and special app-only discounts and promotions. To improve the whole customer experience, several e-commerce apps offer additional features, including order monitoring and simple returns, for a better customer experience.
E-commerce applications simplify the customer purchase process. Their several characteristics enable customers to find what they want. With a few clicks, users can finish their purchases and pay with any of several payment options, depending on their preference.
It helps businesses companies increase sales and reach their target audience. They offer insightful information about customer choices and actions. This helps maximize the marketing plan and improve product offers. Apart from this, having an e-commerce mobile app allows businesses to keep direct contact with customers and develop brand loyalty.
Current Market Demand For E-commerce Stores
The eCommerce industry has grown a lot, since the COVID pandemic. Currently, the global eCommerce market is worth $6.9 trillion. People all over the world are shopping online more than ever. This trend is expected to continue to rise, with worldwide eCommerce sales predicted to grow by 9.8% by the end of 2024, and by the end of 2025, the market could reach approximately $7.391 billion.
Several reasons contribute to this growth. Among them, one of the major reasons that attracts nearly 49.4% of consumers is that they are more likely to complete a purchase if they get free delivery.
The top biggest markets for e-commerce businesses are:
- China: $1,061.58 billion
- United States: $669.50 billion
- Japan: $117.76 billion
- United Kingdom: $100.15 billion
- Germany: $81.65 billion
The online business experienced popularity in 2020 during the lockdown, but when it was eased in 2021, the market dropped back. According to Google Trends, interest in online shopping remains high, suggesting that eCommerce apps will continue to be an important part of the digital marketplace.
About Daraz
Daraz is one of the largest online marketplace operating in South Asian and Southeast Asian countries. Daraz was founded in Pakistan and it started out as an online clothing brand initially. Over the years they expanded their business in different countries including Bangladesh, Myanmar, Nepal, Pakistan, and Sri Lanka. The turning point came when Daraz Group in 2015 received €50 million in Series B round funding from CDC and Ooredoo. These funds helped them expand their operation and provide the best ecommerce services in the Asian market.
Daraz acquired Kaymu in 2016 to win more customers. Daraz pulled this strategic punch off and got a better slice of the e-commerce business. The most significant turning point of Daraz was when in 2018 it was purchased by Alibaba Group. This acquisition marked a significant change as Daraz integrated Alibaba’s technology to enhance its platform and operations. In 2022, Daraz underwent a major rebranding and also launched the first smart distribution centers in South Asia. These centers are aimed at faster and more efficient distribution of products.
As of Today Daraz is a leading e-commerce platform in South Asia, offering a wide range of products from fashion to home appliances.
Main Features Of Daraz
Register and Log in:
Daraz offers a smooth and easy-to-use registration and log-in process. You can sign up/login either by using your email address or through your social media accounts.
Homepage
Once you’re logged in, the homepage appears, Daraz has added a personalized touch to the homepage. It shows products you might like based on what you’ve browsed/bought before. You’ll also see exciting deals/sales and special promotions on the homepage.
Search
Finding what you need is simple with the Daraz app. The search bar lets you type in keywords to look for products or even use voice search. You can narrow down your search results with filters like category, price, brand, and more, making it easier to find exactly what you’re looking for without too much hassle.
Product Categories
Products are arranged in the app into clear categories. Each category has subcategories to help you find specific items quickly. This makes browsing through the app straightforward.
Items On Sale
Daraz regularly features items on sale. They often offer discounted products for their customers. The app updates these deals frequently, including daily and seasonal sales. Giving you access to great discounts on a variety of products.
Recommended Products
Daraz uses ML algorithms to suggest products by analyzing your browsing and purchase history. This personalization helps you discover new items easily making shopping more engaging.
Reviews and Ratings
You could browse ratings and reviews from other customers before making a purchase. This function allows you to know more about a product. You can also rate a product between one to five stars to guide other users about the quality of a product.
Multiple Payment Options
As you know the payment method plays an important role in any online business. Therefore, Daraz has made sure to provide its customers with multiple options to pay with ease. This includes payment with bank cards, and support for e-wallets depending on the region.
Cart
You can add items to your cart as you browse. The cart shows product details and prices, allowing you to update, remove, or save items. This makes it easy to keep track of what you plan to buy and proceed to checkout when ready.
Order Tracking
Daraz allows you to track your product throughout the delivery in real time for both local and international purchases.
Customer Support
Daraz offers one of the best customer support services to deal with all kinds of queries from customers and resolve them promptly. They use both human and AI (chatbots/callbots) resources to provide smooth customer service.
Benefits Of Owning An E-commerce
Faster Buying Process
It allows users to shop anytime, from anywhere which makes your business accessible to them. Products can be bought with ease and do not require much time and effort compared to physical stores.
Store and Product Listing
You can create your store and list your products with little to no effort. An e-commerce platform allows you to showcase your products in an organized manner to your customers, making things easier for both buyers and sellers.
Cost Reduction
Among all the benefits, the most prominent is the cost reduction, which also attracts many businesses to online selling. Several extra costs are associated with physical stores, such as rent, utilities, repairs, and more. E-commerce eliminates all, allowing you to invest more in your products and marketing which helps gain more customers.
Flexibility for Customers
E-commerce offers sellers flexibility by providing 24/7 availability for products and services. This constant presence and services, such as free shipping, deals and discounts, and subscription advantages. Encourage repeat purchases from customers.
Global Reach
Expand your market beyond geographical boundaries. A physical store owner might only be able to reach a large audience. But with an online store, you can reach customers globally, increasing your sales and brand exposure.
Product and Price Comparison
Customers can compare many products faster online which helps them make informed decisions about the purchase. E-commerce platforms make it easy to compare products and prices, making sure customers get the best value.
Faster Response to Buyer Preferences
E-commerce speeds up everything by making delivery and returns fast and easy. It also simplifies the customer support process, allowing you to solve buyer queries quickly. Lastly, sellers can respond to trends fast, like stocking new popular items, and create custom deals and promotions to attract more customers and increase sales.
How Much Does it Cost To Develop An E-commerce App Like Daraz?
Multiple factors influence the development cost of an e-commerce app like Daraz, including:
App Design
The design of the app directly impacts user experience. Your app should be user-friendly and aesthetically pleasing to attract larger numbers of audience. The price of designing an app can change based on how complicated it is and how skilled the designers are. App design includes prototyping, wireframing, and final designs for the app.
Platform Selection
Another important factor is the platform. Before developing your application you must decide on the platform either iOS/Android, or both. Each platform has its development requirements and costs. Developing a native app for both iOS and Android can be more expensive than a cross-platform application.
Native apps (Android & iOS) | $20,000+ |
Cross-platform apps | $15,000+ |
Hybrid apps | $10,000 to $150,000+ |
App Size/Features
It can be expensive if you wish for an app with similar features as Daraz. An app like this needs more time and effort. You can still stick to your budget if you only choose the most important features first.
Development Cost
Hiring developers, project managers, and quality assurance testers are all part of the development cost. The cost can vary depending on the team’s location, experience, and the project’s complexity.
Basic E-commerce App | $5000 – $20,000 |
Mid-Sized E-commerce App | $20,000 – $50,000 |
Complex E-commerce App | $50,000+ |
Additional Costs
Apart from the costs mentioned above, there are additional expenses to consider, such as:
- Maintenance and Updates
- Marketing
- Launch
- Hosting and Server Costs
Conclusion
Zenkoders a mobile app development company in the USA offers top services to develop modern ecommerce apps. Our aim is to equip you with an intuitive app that can bring success to your business.
While you think that many competitors have emerged in the ecommerce market, now may not be the best time to create an app. But still, the ecommerce industry has many opportunities for growth and success. Developing an ecommerce app like Daraz may be costly. But by using the right approach you can create an online marketplace that meets the preferences of customers and can stand you out from the competition.
