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P2P marketplace development
Build a custom online marketplace software that will help your business thrive
P2P marketplace: Benefits of a peer to peer marketplace software
The rise of Amazon, AliExpress, and eBay gave birth to peer-to-peer or consumer-to-consumer commerce, which made shopping almost borderless. Here are the main benefits of P2P marketplace development:
High demand
A P2P marketplace platform has an absolute advantage that users love. Every client of the marketplace can not only enjoy the convenience of buying online but also become a seller at the same time. The roles can be easily exchanged so that everyone chooses what suits their needs best. Within one platform, users can find various sellers, buy different services or products as well as offer their own ones. Such far-reaching opportunities make P2P marketplace apps high in demand across the world.
Network effect
As the loyal customers appreciate your brand and are willing to recommend it to their friends, your client base continues to expand. But with an online P2P marketplace you can multiply this network effect. Reaching more people and turning them into users will allow your business to grow even beyond the expected limits.
A chance to get a passive income
The best part of launching a peer-to-peer marketplace platform is that the business takes place without your active participation. You don’t have to worry about issues such as warehouses, delivery, logistics. The main goal is to build a P2P marketplace software where sellers and buyers can connect. Get your first visitors, constantly improve your app’s functionality, and generate income with minimum effort.
Digital visibility
Due to the high demand and multiple benefits online marketplaces offer, your brand awareness can grow radically. Make it easy for clients to find your P2P marketplace. Establish your presence online so that your platform can become well-known and loved by many users.
Scalable business model
P2P marketplaces have a great potential for growth. Because they don’t produce, store, or deliver the products, their only goal remains to keep maintaining and upgrading the software. There are no restrictions of niches or particular characteristics, so online platforms can boast of more flexibility than most businesses.
P2P marketplace platform features
Apiko develops custom marketplaces depending on your needs. Here are some of the features for you to consider. Main functionality:
Rich product catalog
On your P2P marketplace platform, product catalogs that perform according to the diverse needs of vendors and customers are must-haves. While vendors need operations to add, delete, and change products in the list, customers look for a way to search, filter, and view those items in detail.
Multiple payment systems integration
Building a peer to peer marketplace includes integrating different payment systems. Your clients need to have the opportunity to pay via your platform through their credit/debit cards, PayPal. Incorporate the necessary gateways to make your marketplace app easy to operate and convenient for making purchases.
Review system
A peer to peer marketplace platform has to provide information about the reliability of vendors and products. For customers to make a conscious choice, there should be an option to share reviews and rate services. Feedbacks foster trust and create an atmosphere of liability, so be sure to include them.
Booking
Online marketplace gives your clients the benefit of booking services directly on the platform. Customize your software to make the user experience of ordering and buying convenient to navigate. Make sure your customers can view the details of the booking process so that they will continue to use your platform services with confidence.
Seller and buyer dashboards
When building a peer to peer marketplace, consider two main roles of your app users. Sellers and buyers need to have their own dashboards to perform different functions. User interface should reflect these roles and enable both sellers and buyers to operate the catalogs, orders, payments, returns in the most efficient way to reach their purposes.
Delivery tracking
To provide more value for your clients and enhance the usability of your P2P marketplace platform, include a clear delivery tracking process. Users should be able to see delivery status, tracking number, and receive notifications to ensure that they can rely on your services.
Messaging system
What makes a marketplace platform appealing for customers is clear communication. To get the answers to their questions and support during the order, an easy messaging system with notifications must be incorporated. Your online platform should be a place where partnerships happen.
Develop your custom online marketplace with Apiko
Web P2P marketplace development
Mobile P2P marketplace development
Software development workflow at Apiko
Here is how we develop your marketplace project from requirements gathering to further maintenance and support
Our P2P marketplace platform development tech stack
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Why work with us?
Having built online marketplace platforms for different industries, you can take advantage of our deep understanding and knowledge. Apiko creates cost-effective and top-quality solutions that meet your unique business needs. We have acquired expertise you can count on in the following domains:
eCommerce & retail
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Apiko is proud to be a company that offers professional development services to our clients. We follow the best practices to build a marketplace app your business can depend on. Apiko provides continuous support from the beginning to the launch of your software, and even further. You may be sure every detail of your app such as UI/UX design, code, quality is under our skilled supervision.
In cooperation, we aim for transparency and efficiency in reaching the desired results. Whether you need to build a new marketplace or expand the existing one, we adapt our workflow according to your goals. Apiko focuses on long-term relationships. We align your requirements with the best standards in app development to turn your P2P marketplace idea into a successful business.
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