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Permalink - Posted on 2020-06-05 10:49
Do one thing. Just list out the well-known products or services of the world that connect two distinct groups of users with each other for fulfilling their aims. If you look closely you would find that many of the world’s old products and services were built for doing that. Connecting two sides of groups. Case in point: think of the concept of a newspaper. A newspaper company connects advertisers with readers. Also, one of the revolutionary changes in the finance industry came with a credit card that connects customers with merchants.
More recent two-sided marketplace examples are Uber, Airbnb, Taskrabbit, and more. These companies aggregate two groups to achieve their means.
In a nutshell, the Two-way marketplace is a platform where two parties connect and transact. These parties are important stakeholders of the whole marketplace. They could be buyers and sellers of products/services, drivers and riders, hosts and guests, advertisers and readers, or anyone who is part of any specific marketplace.
The platform or the marketplace is at the center around which everything revolves. It gives them the opportunity to connect with each other. One of the best things about owning a marketplace business is that you don’t have to own anything. You just provide the IT infrastructure for both parties.
Uber marketplace matches riders with nearby drivers. But it doesn’t own a single car. Airbnb, the rental marketplace connects guests to find the host for their stay. But it doesn’t have its own property. Thumbtack or Taskrabbit allows customers to find nearby home service providers. eBay, Craigslist, even freelancing platforms are double-sided marketplaces whose sole goal is to connect two needy parties on a single platform.
To fit into the market, various two-way marketplaces have a different business model canvas. With that, their way of making money also differs.
Two way markets have three stakeholders who take part in platforms to achieve their goal.
1. Platform Owner: One who builds the whole IT infrastructure, creates policies, decides business models, decides fees, adds new services, and intermediates in other conflicts. The owner could implement any kind of monetization model depending on the service the marketplace provides. In fact, the owner could invent a new business model on his own provided that it is trusted by their stakeholders.
Taskrabbit earns through service fees and support fees. It charges 15% service fees to the taskers and 7.5% support fees to the customers.
Uber charges a 25% commission from the drivers on each successful ride. Airbnb on the other hand charges from both hosts and guests to use its service. It charges 3% fees to the hosts and 5-15% fees from the guest. You could adopt any of the monetizing strategies considering your product or service.
Two-sided marketplace business models:
2. Seller (One end of a Marketplace): These could be anyone including drivers, sellers, service providers, hosts, etc. They connect to the other end users of the marketplace and make money by using these platforms. Depending on the platforms’ payment policies they have to pay the commission to the platform owners on a fixed based or a percentage based charge.
3. Buyer (Another end of a Marketplace): These end of marketplace mostly consist of buyers or customers who need to use the main service provided by the marketplace. In most marketplaces, customer segment is charged per decided product or service fees.
If you are wondering how to build a 2-sided marketplace, then don’t worry. Here we have curated a list of strategies for two-sided market development. Implement them and kick start your business as soon as possible.
Before you take the plunge into a two sided network business, you will need to decide your niche. Ask yourself in which domain you want to create a marketplace. Do you have a different platform idea that solves the problem of two user groups? Or you want to stick with tried and tested marketplaces like on-demand taxi, home rental business, grocery delivery, service marketplace, or any other platform that aggregates two parties.
There is less risk in starting above mentioned business ideas because they have been implemented by various startups in various cities.
But if you are to build something different then you must research the idea properly. You will have to figure out if users are searching for that service or product in your niche. And if they search it then what is their search intent. Who provides them the products or services? If these businesses do not have a marketplace, then you have an open space to start your marketplace business and build a community of that user group.
Here is the example of how two partners bootstrapped a two-way marketplace for “Bootstrap template and themes” by digging deeper into the design market. Today the website is called Bootstrapbay which connects thousands of theme creators and its buyers.
One of the classic mistakes most startup aspirants make while building a two-sided marketplace is that they forget to gather up one end of users. Initially, to buy anything on a platform there must be something to sell. Hence, while you start creating your website and apps for your business, simultaneously you have to start marketing your idea.
The platform’s IT infrastructure is of the utmost importance when you create something at this level. First of all, you have to figure out the app functionalities your both parties will need. List out what will aid them to connect easily. Know how your app will provide them a value that other online websites and businesses are not providing.
Once you have a fair list of features, you could start hunting for an app development company that has in the past worked on marketplace projects. If you are thinking of outsourcing your project then run through some important outsourcing tips so that you could choose a perfect development partner. Some companies provide you guidance by signing an NDA (Non-disclosure Agreement) if you have a marketplace idea.
Apart from the apps, you will also need an alluring website to attract new visitors. An admin panel is also an inseparable part as it provides a bird’s eye view on your business. You could manage your stakeholders through this panel and know your dairy financial reports.
“Which payment gateways should I use in the Marketplace?” is one of the frequently asked questions by the startups. Well, the answers depend on the region the startup owner chooses. If the startup targets the local market, then it is better that they go with local payment gateways. If you are eyeing up for the global market, Stripe and Braintree are the best payment solutions.
You have your websites and apps ready. But how will you attract both sides of users to your two-sided marketplace platform? What will buyers buy if there is no seller? And how will sellers sell if there aren’t any buyers registered in the marketplace? This is a classic egg and chicken problem.
The conventional wisdom says you ought to start with a one-sided marketplace first. And most marketplace businesses preferred to chase after product side partners first rather than buyers.
Once you get a nudge, you can start to promote your platform through websites and other social media platforms. You could even advertise your platform on google Ads to attract both end-users of your platforms.
Points to Remember when getting initial Boost;
Awareness and value proposition is the key to the success of your two-sided marketplace business. For that, you should create informative content on your website. Start writing blogs and articles on various topics that relate to your niche. Write about the problems your users face and how your platform could help them solve their problems.
If you roll up new features, keep your end-users informed by writing its benefits. Be active on social media and create insightful posts that establish you as a brand. You will have to be empathetic towards buyers and sellers and then create new content frequently. Provide them promo codes, discount coupons, or free guides. Also, run some loyalty programs to keep your users attracted to your business.
Big marketplace like Uber, Etsy, Airbnb has a community that supports the platform and takes an active part in its growth. These are the reasons that guarantee these marketplaces hefty revenues.
The marketplace community is built with buyers and sellers. You must foster it for the long run of your business. Ask yourself how to increase the buyers and sellers who are interested in your marketplace. You need to understand their demographics and behavior. Once you have enough signed up members you should take feedback from them to make your user experience even better.
As you grow, establish the tone and voice of your brand. Be empathetic as much as you can be. It will be hard for other competitors to compete with you once your business creates a network effect in different cities.
Uber has run a campaign for their driver in this COVID-19 outbreak, which allows Uber users to donate some money so that the money could help drivers who earn on a daily basis. This creates loyalty in drivers and attracts new drivers and riders to use the platform.
As mentioned earlier in the section, for the new marketplace startup, initially it becomes confusing to know which side the startup should procure first. A demand-side or supply side. Because initially, the marketplace is void. There is nothing to be sold and nothing to buy. Nothing to be listed or nothing to book.
Usually, the challenge is addressed by including the side which is harder to get in the marketplace. Most startups prefer approaching the supply side first to register in the marketplace and then proceed further to get the demand side.
Creating a two-sided market is like operating two separate businesses. Providers and customers are two different kinds of users who react to different values propositions, features, and incentives.
It becomes a little hard to reach liquidity until you have sufficient numbers of both suppliers and consumers. You will have to start small and gradually step up the game to reach that level. But once you clear, once you have enough community that trusts you, vertical and horizontal expansion becomes simple.
In traditional business, it is not hard to conquer the trust of the customers. Because it is one-sided. You don’t have to worry about pleasing both parties. On the flip side, a two-way network business is hard. Two-sided marketplace companies usually have to win the trust of both parties. Suppliers have joined your marketplace because they were optimistic about getting more sales. Also, they wouldn’t have to do extra efforts in marketing and other things to attract customers. If they don’t get enough buyers, they would look for other ways of getting customers.
On the other hand, customers also have joined the marketplace because they can have their product at a single place and have the option to select the seller they want. It takes time to gain the trust of both end-users in the marketplace.
Running different loyalty programs for both parties could help you win the trust and grow your business.
There is no doubt that 2 sided marketplaces are the most lucrative business today. Most startups prefer to go with tried and tested models of the market. Because they know they don’t have to create a separate business model. All they have to do is just research the market opportunity in their local area and build the marketplace app.
On the other hand, a new derived marketplace is a little hard to establish but once you set the foot in the door, there will be no competition for you and you can easily expand your Two-sided marketplace globally.
We have worked on multiple marketplace projects in the past. Some clients come up with fresh ideas while some don’t want to take risks and play it safe by creating something that is already proven. If you have any marketplace app ideas, feel free to contact us. We assure you that your idea will be safe with us.
The post The Anatomy of Two-Sided Marketplace and How to Create It? appeared first on Excellent WebWorld.
Permalink - Posted on 2020-05-14 11:38
Would you like to finally “let go” of all those old stuff in the attic and “offer up” to someone who may find it useful? That is what these two amazing apps Letgo and OfferUp do. You get to sell and buy thousands of kinds of stuff on such an app.
Do you enjoy yard sales? It’s just like that but on a digital platform. So, minus the troubles of roaming in the yard sale plus the comfort of completing the transaction at your home.
Before learning about how to create local buy and sell apps like OfferUp and Letgo, let’s learn more about these two apps.
OfferUp’s iOS and Android apps are built to be the most straightforward, easy to use, and trustworthy way for people to buy and sell in virtual communities. This app is so popular among people that it has been among the top five most popular shopping apps lists for more than three years.
The Letgo app makes it easy to buy and sell locally in your communities. The app has over 100 million downloads and 400 million listings worldwide. The resell market, which has been the driving force behind such apps like is a very vast market with thousands of articles like electronics, collectibles, furniture, clothes, and several more.
In further news, OfferUp recently announced that it’s raising $120 million in a new round of funding led by OLX Group, which is the primary investor behind Letgo. As a part of the deal, OfferUp will also be acquiring Letgo, with OLX Group gaining a 40% stake in the newly combined entity.
The local buy and sell apps like Letgo and offerup are two-way marketplaces and quite easy to use. It’s just like using Facebook but for buying and selling used merchandise from around your locality.
The first step is to sign up before you can post or purchase items. How do you do that? Open the app and tap on the signup button to create an account. Enter information into the provided fields to continue.
After you are logged in, you will see the app’s home screen. On the home screen will be a search bar that you can use to search fora specific item to purchase, allowing you to narrow down searches by category.
Once the results pop up, you can scroll through the listings in the application with ease and choose the one that seems right for you. Next, when you open a particular listing, you are presented with the images of the item, some brief information about the product, and the price.
You can ask questions to inquire about the product or make an offer to buy the product.
Such a portal is not limited to just a smartphone app; OfferUp and Letgo offer online through a traditional web browser.
If you wish to post a listing to sell a product, it’s almost like posting something on Facebook, add pictures of the product, give some description, and add a price quote you expect for the product.
Home: The home icon shows you the main screen of the application where you can perform searches, view the most popular items and set app settings, such as camera and location permissions.
Profile: You create a profile on the app to buy and sell stuff. This profile will show a summary of your favorite products and active posts.
Categories: The Categories feature is where you get to buy stuff from a generalized category like electronics, collectibles, gardening equipment, showpieces, household objects, office supplies, and much more.
Camera: The camera feature will help you take pictures of the stuff you wish to sell. Just snap the photos and add a short description to the post.
Chat: The chat feature lets you talk to the person who posted the sale. You can bargain, learn about the product, and ask any questions, and finalize the deal using the chat feature of the app.
A quick step by step process to build an app like LetGo or OfferUp would be:
1. Conduct an analysis of the best selling apps.
2. Create a business model for your local buy and sell app.
3. Choose a tech stack to build your app on.
4. Select the right app development company as per the tech stack.
5. Build an attractive UI and UX of your buy and sell app.
6. Also, go for website development for the startup with similar features.
7. Integrate a payment gateway right for your business and your customers.
8. Promote your app and create a good brand name.
9. Stay safe and consider fraud protection measures.
10. Keep innovating with new features.
There is a shortcut to fast-track all of this. If you partner up with the best mobile app development company, then they can take half of the tasks from your plate and complete them efficiently.
The responsibilities of analyzing competitors, helping you choose the right tech stack to build apps similar to Letgo or OfferUp, assembling a team, and the entire design and development process will be taken care of by the app development company.
If you have further questions like what is the Letgo business model, how does OfferUp make money, or how to sell an app idea, then you can talk to our sales executives and learn more about how to apply this lucrative business model into your new startup.
The post How to Start a Local Buy and Sell App Like Offerup or Letgo? appeared first on Excellent WebWorld.
Permalink - Posted on 2020-05-14 05:22
Stripe and Braintree are the bellwethers of the rapidly changing payment processing industry. In this article, we are going to thoroughly compare Stripe vs Braintree so that you can decide on which one is suitable for your needs.
For a long time, the traditional payment processing space has been dominated by banks. And still, they are effective. But, when it comes to faster cash transfers, these newly founded online payment platforms work wonders for individuals as well as internet businesses. Payment processors like Braintree and Stripe allow them to provide transparent, affordable, and flexible payment processes to their customers and clients.
It has been forecasted that by 2023, about 1.31 billion people, all around the globe will prefer to pay through Mobile wallets. So from a business perspective, it becomes imperative to integrate payment gateways into websites to facilitate smooth payment processes.
Today, there are multiple players out there in the market that provide payment processing services to businesses and individuals. Paypal, Braintree, Stripe, Amazon Pay, Square, and Skrill, are some of the most popular payment gateways and each brings something new to the table. Therefore, it is important to choose the right one for your business requirements.
Stripe and Braintree are widely accepted payment processors among eCommerce businesses, SaaS companies, crowdfunding platforms, and on-demand platforms. Hence, it is imperative to know the difference between Stripe and Braintree.
If a business is looking for a Braintree alternative, then there are high chances that it will go for Stripe. Contrariwise, if a business is finding an alternative to stripe, Braintree will be next in the list. The competition is tough between these two.
If you are starting any of the above mentioned online business, choose the ideal online payment system between stripe vs. braintree.
Before you go deeper into the understanding of which one is the best between Stripe and Braintree for your business, you should know how payment gateways work. If you already know that then, here are some concrete reasons you should integrate payment processors on your website.
Let’s come to our main point and decide which payment processing service you should go for Stripe or Braintree
Remember, unlike PayPal, Braintree and Stripe only focus on business needs. They don’t have provisions for any services to consumers.
Compare the difference between the following aspects of both the payment processing services and decide the ideal platform for you.
Both the platforms have dozens of other products & services in addition to its online payment service.
Stripe Payment: As the payment process integration is the main requirement of any merchant, Stripe provides you with fully integrated payment solutions. Whether you are building a Marketplace, eCommerce Store, B2B platform, or any other online business, Stripe’s online payment has it covered. The wide range of payment methods allows your customers with different options, so you can reach a global audience.
Billing Solution: If you are planning to start a SaaS platform for B2B or B2C model, then Stripe has a complete solution to create and set up the solution. The product provides you with a dashboard that allows you to monitor and create billing and invoice processes for your recurring billing. Not only that but you will also have daily data of your customers and their ways of transactions (Cards, Mobile wallet, etc).
Stripe Connect: Stripe provides a complete payment solution for marketplaces like ridesharing, food ordering, grocery delivery, etc. As the numbers of stakeholders are more, managing payment processing can be a bit challenging. Stripe helps you manage the transactions through its effective routing mechanism irrespective of your business model. i.e one to one, one to many, many to many, etc.
Stripe Atlas: Stripe provides a platform for new startups to form a legal structure for their company. If you don’t want to get involved in legal matters and cumbersome paper works, Stripe can help you launch your start-up easily through its service called Atlas.
Stripe Radar: It is Stripe’s one of the most important products. Stripe radar detects and stops the fraud from happening through its Machine learning capability. Radar has additional layers of authentication which easily separates customers with the fraudsters.
Stripe also has its newly launched products which are Stripe issuing and Stripe terminal.
Whereas Stripe has a wide array of products and services for businesses’ any type of need, Braintree does not lag behind. Here are Braintree’s products and services.
Braintree Direct: This product of Braintree is pretty much the same as the stripes Payment product. Online businesses can integrate Braintree Direct into their app or website and implement secured transactions without any hassle.
Braintree Marketplace: The solution is identical to Stripe’s Connect. Think of it as a Stripe Connect vs Braintree marketplace. The company renders 360-degree payment solutions for marketplace businesses.
Braintree Extend: If you want to attract more customers by offering loyalty programs or Cashbacks, then Braintree Extend lets your business to connect with the partners who are providing incentive on their services. Which I feel is a great tool that you won’t find in the Stripe.
Braintree Auth: Braintree does not only have its solution for merchants but it also has a solution for Merchant service providers who oversee and support your payment transaction, store your customers’ important data safely and manage other technological aspects. Braintree Auth takes authorized action on behalf of merchants so they have one less thing to worry about.
As an internet business owner, you will want to cover as much as payment methods to acquire customers from all over the world. Both the online payment platforms include major payment methods in their services.
Stripe provides its merchant with a single payment API that allows them to accept payment through a variety of payment methods. Moreover, it covers various local level payment methods as well. Check out this table and know whether your business provides service in these counties or not. Because different counties have different payment methods. And it will be beneficial for you to include that payment method into your business so your business can grow globally.
|ACH Credit Transfers||US|
|Apple Pay||Supported Countries|
|Cards||All Around the World|
|Google Pay||Supported Countries|
|Klarna||Austria, Denmark, Finland, Germany, Norway, Sweden, The Netherlands, UK, US|
|SEPA Direct Debit||France, Germany, Spain, Belgium, Netherlands, Luxembourg, Italy, Portugal, Austria, Ireland|
|SOFORT||Austria, Belgium, Germany, Italy, Netherlands, Spain|
As far as the payment methods are concerned, Braintree has also all the payment methods covered as Stripe. It includes payments through cards (Credit cards & debit cards), Digital wallets, and local payment methods.
In fact, Braintree has added advantage over Stripe as it supports payments through PayPal. I forget to mention that Paypal owns Braintree! However, the latter works as a standalone platform. Most freelancers use Paypal as their preferred payment system for easy transactions. In addition, the payment processor giant supports Venmo which is a popular peer to peer wallet app in the US. Here are the payment methods Braintree covers.
If your business is expanded all around the world, then don’t worry, Stripe covers almost major currencies. Stripe supports 135+ currencies and 39 countries, so you can charge your customer in their local currency. For your global users, stripe converts your currency into the currency in which they are charged. So they won’t have to manually convert the price.
For example, when I open my Netflix subscription plans, I am presented charges with the INR (Indian Currency) because I live in India.
Note: The currency that customers are charged with is called presentment currency, and the currency deposited in your bank account is called settlement currency.
On the other hand, Braintree is also supporting more than 130+ currencies and 44 countries to support your global level online business. Braintree provides easy set up for the businesses to properly receive the transactions.
If you are operating locally then you should adjust a setting to a single currency setup which is by default set up. For global level businesses, the company has multi-currency setup options so your website and mobile app will show customers their native currency.
One of the main things that are common between these two payment processing services is that they don’t charge any monthly or yearly fees. You get charged on a pay as you go model. Checkout Stripe vs Braintree fees comparison.
Before you know stripe pricing know what stripe does not take a single penny.
Stripe does not charge for:
For every successful transaction,
Braintree also does not charge for the fees associated with setup, maintenance, service, or early cancellation fees. Also, there’s no monthly or yearly charges, just pay for what you use.
In any fintech startup, security and fraud prevention is at utmost priority. On a daily basis, millions of transactions happen and if enough security measures are not taken by these online processor companies, there are high possibilities of data breaches.
To prevent this, both companies take concrete security measures and comply with international standards.
Stripe encourages every online business to have an https connection and get a TLS (SSL) certificate for its website. Apart from that the company follows some strict practices and uses the latest security tools for data security. Also, Stripe security is thoroughly checked by PCI certified authors and given approval as a secure payment gateway company.
Apart from the regular certificates, stripe has its own tool called Stripe Radar to prevent the fraud, which we have mentioned earlier in the blog. So, Stripe is completely safe for businesses to integrate.
Braintree on the other hand, also boasts of following strict guidelines and industry standards. This PayPal owned online payment platform giant is Level 1 PCI Compliant so there is no need to worry about any security breach to any of the data.
Also, you can safely use your control panel as the communication between you and Braintree as it is secure by TSL.
Integrating Payment gateway is not that something you can do if you don’t have technical expertise. You will have to hire a developer or an integration service provider company who will help you out with set up.
Stripe provides in-depth documentation for developers so that they can integrate Stripe gateway without any hassle.
Also, Stripe facilitates developers by providing all the necessary API references, Client & Server Libraries, and chat support from stripe developers.
Developers can use its UI libraries for web and mobile (iOS & Android) for frontend development. Stripe also has provisions for HTML +js and React libraries. If your website is built on CMSs like WordPress, Magento, Drupal, Opencart, etc., Stripe provides useful plugins for making the tool better.
Braintree also is considered to be an easy option for developers as Braintree provides clear documentation, libraries, and client-side software development kits for web and mobile platforms. Braintree also provides a plugin for your CMS based website.
The integration duration varies depending on your business requirement. An expert developer can set up everything within 2 hours.
So, both the platforms have easy to integrate APIs and other tools.
For any online business, customer support and service are as important as the product or service itself. While running an online business you may encounter many queries related transactions. There may be faulty transactions or any breach in the data or chargebacks. Also, you may face any technical problems. Customer support should be always a call away.
Stripe provides 24/7 phone and live chat support for your urgent queries. If you have more detailed lists of queries, you can also ask them on their email service. However, it is not clear when they will get back with your answers but typically you will be responded within one business day.
If you need technical assistance, then Stripe has provision for the #stripe channel in which developers assist you on technical matters.
So, there is no issue, you could get smooth support and real-time assistance if you decide to integrate Stripe for your payment processes.
Braintree has its phone support available between 8 AM to 7 PM US Central Time Monday-Thursday and 8 AM to 5 PM Friday. However, there is also emergency support available if you have any urgent problems regarding a technical issue.
Email support is also available and their support rep will get back to you from 5 AM to 12 AM US Central Time Monday-Thursday and 5 AM to 8 AM Friday.
Stripe boasts of having millions of companies using Stripe as an online platform, including electronic commerce, B2B, SaaS, B2C, and Fundraising. Which includes many leading tech companies.
Braintree also has an impressive list of clients across many industries. Many unicorns and leading tech companies prefer Braintree as their payment receiving platform.
If you will see the list, you will find that Stripe has more brands that are popular than Braintree. However, it does not mean that Braintree is not as effective as Stripe. There are many SMBs to big companies that prefer Braintree over Stripe by figuring out their requirements. Because not all companies’ business needs are the same.
What if your business is in Africa Continent or Latin america? You might compare your local online payment platforms with Stripe or Braintree.
Let me tell you Braintree and Stripe have the unmatched popularity and they are way ahead than any other payment processors. But you could always find alternatives to these two giants in your countries.
If you have an online business in Africa, you might be aware of the PayStack. Among startups and Businesses it is considered as the Stripe of Africa. To tell the truth, Paystack itself is backed by Stripe. Yes, it is one of the investors of Paystack. You can integrate Paystack and send and receive payment across Africa and globally.
Some of the popular Payment processors in Africa and Latin America are;
So, these were the important aspects of Stripe and Braintree from the merchants’ perspective. There are other aspects as well but those are more technical and useful for developers you hire for integration. We have covered all the vital aspects you must consider while choosing your online payment platform.
The major differences between Braintree and stripe are in their products and services. Stripe has more products and provides a wide array of solutions than Braintree. On the other hand, Braintree has fewer products but if you look at price-wise, Braintree is better. Still, I would say it depends on your business requirements. Both the platforms cover major ways of payment methods but Braintree has a clear advantage over there because Paypal is a brand in itself and it supports payment through Paypal.
So what do you think about Stripe vs Braintree comparison?
I am sure this will help you if you are starting a new online business or digitizing your existing business. Because you will need to add a payment gateway to have faster and secure transactions.
P.S You can ask any technical queries to your payment gateways integration company. They will also guide you on choosing the best. You can also ask us because we have built and integrated multiple payment gateways systems in our past projects.
The post Stripe vs Braintree: Pick the Best One for Your Online Business appeared first on Excellent WebWorld.
Permalink - Posted on 2020-05-07 13:23
As the web and mobile apps have grown more complex, more has become possible on the Internet, developers have gotten more specialized across all the technology stacks.
That means that web development now means a lot of more than what it was 10 years back. A full stack development depends on what a web developer specializes in. In simple terms, a developer who can create an entire web or mobile app on his/her own using front-end and back-end technologies.
Full stack development is one of the best developer resource that you can hire for your web or app development project needs. There would be several questions in your mind like:
We’ll be answering all these questions and more with this infographic. full stack developers have been the most trending development resource in the past couple of years and this infographic aims to inform you everything about them.
Full stack development is the most strongest suite that a developer can achieve and a business owner can hire for a web or app development project. After learning everything about full stack development, you are more capable of choosing the best full-stack developer for your project.
Excellent Webworld has been the paramount of full stack development, and we would love to help you out in your digitization venture.
Permalink - Posted on 2020-04-30 14:48
Amid the COVID-19 crisis, the global economy has been hit hard and god knows when it will be on track. Manufacturing, travel, hotel, automobile, transportation, oil & gas, hospitality, you name it, each and every industry has suffered economically in this COVID-19 pandemonium. Some have affected more while some have little less. Safety measures like social distancing and complete lockdown have forced people to stay at home and due to this, those businesses which require manpower to operate or customer’s presence, have come to a standstill.
On the other hand, there are few industries and businesses like Video conferencing & collaboration, Audio & Video Streaming apps, Fintech, Edtech, Grocery, and businesses that operate online have found their way to be financially stable or in some cases have witnessed unexpected growth.
In this article, we are going to talk about industries that have stayed strong despite the crisis and why digitization of the business will be the new normal after the Post COVID-19 situation. We will also go through the anatomy of online business and know how it works.
If you look at the above-mentioned businesses, you would find that these are the firms that had started as a complete digitized platform. That is to say, they have little to no physical involvement of its stakeholders with the business.
Take, for example, an online grocery delivery, customers can download and register on the platform, shop for the groceries they want from the app, and pay through the app. The only physical interaction comes when a grocery delivery guy comes to deliver your groceries.
But let’s go through the overall advantages of digitizing your business and shed a light on why digitization could in the future help you keep going even in a situation like COVID-19.
One of the first and foremost benefits you get by digitizing your business is the decreased operating cost of your business. Due to digitization, every document and important data goes into cloud storage. Hence, you don’t need any paper, physical place, and resources to manage it. This ultimately leads to a much lesser cost to run your business.
Important information written on the papers and stored locally can be stolen easily. But if you have an online business, your data and private information stay safe. Sophisticated security algorithm protects vital business and customer data.
Customers and your employees can access their respective data online through mobile devices or desktop devices on the internet. This facilitates the overall process to happen faster than the physical business. By digitizing your business, customers can get access to your products or services 24/7. Moreover, if customers have any queries, your support staff can aid them in solving their problems.
Now, this is simply the sole cause of your business to move online. You can encourage more customers to buy your products or services through digital transformation.
Today, people prefer online platforms more than ever. From booking a flight to ordering food, from online transactions to grocery shopping, people would give preference to websites or mobile apps. Therefore, moving your brick & mortar store to the online is a good idea for getting more customers and increasing business.
While the number of mobile users in the world is increasing exponentially, it becomes imperative for you to implement a mobile-first strategy for your business. People love mobility. They like booking a cab on the go. They admire the apps that allow them to hire handymen through just a few taps. To cut it short, customers will favor using the app than going physically and using the services.
With the 2 million apps in Playstore and 2.2 million apps in the App store, many businesses have already taken advantage of mobile apps for their business growth.
These are some of the few benefits of digitizing your business. Let me give you some practical benefits of having an online business.
Below I have mentioned businesses that have managed to excel their business even in the COVID-19 pandemic. And they are still doing great due to digitization.
Believe it or not, where the global economy has been upended with the Covid-19 crisis, those who have an eCommerce store are witnessing a surge in the number of buyers.
Getting bored with this lockdown period and to fulfill their cravings of shoppings, shopaholics or even normal people have started to rely on eCommerce apps. They know that only these online stores are capable of delivering needed things at their doorstep.
Do you know in this COVID-19 pandemonium, where social distancing and work from home have become a new normal, business video conferencing apps have been downloaded in record numbers? 62 million downloads from 14th march to 21 march! Yes, that’s the number of combined downloads of these conferencing apps.
Zoom Cloud meeting, Google Hangout, and Microsoft teams have topped the chart witnessing a high number of users in the US, UK, and Europe.
Employees and teams are using these apps for strategizing and collaborating on their ongoing projects. Whereas, families have found a new and safer way to connect with their loved ones on these conferencing apps.
Reports have claimed that Zoom Video Communications have seen massive growth in their share price (130% growth) from the starting of this year.
Not only the video conferencing app, but other B2B collaboration tools like Trello, Evernote, Slack, and more are also being used more than ever by the big companies to stay on the same with their employees.
These perhaps are the most beneficiary segment of the businesses who are witnessing a surge of users due to digitization of business.
People need to occupy their children by providing them a dose of daily entertainment through streaming services like Netflix, Amazon Prime, Disney, or more. The reason is there are no other ways that can tame their children in this lockdown.
Adults have also found an alternative to kill their time by replacing their habit of shopping and going to pubs, clubs, beaches, parks, and theatres through these streaming platforms.
Investors are also betting on Netflix, as subscribers all over the world have been increasing at a rapid rate. According to the market watch, Netflix has seen an all-time high share price during the coronavirus outbreak.
Read Also: How to Start Streaming Service like Netflix?
It’s not surprising that grocery delivery businesses are experiencing the best time of their business in the COVID-19 outbreak.
Where local grocery stores and shops have been shuttered due to lockdown, people are forced to buy their weekly groceries from online platforms like Instacart and Amazon Fresh.
Online grocery delivery Ocado had to close its website for a temporary time due to increased flux of users purchasing their groceries from the online store. The share price of Ocado rose due to more numbers of users having started to put online orders. The company has assured that it will reopen the bookings as soon as the supply of the grocery will meet the demand of the people.
Read Also: How to Start Grocery Delivery Company?
As eCommerce has seen a rising trend in shoppers, digital payment systems are also witnessing soaring transactions amid this pandemic.
In this uncertain COVID 19 situation where cash transactions are nothing but an invitation to unwanted virus spread, people are more inclined towards cashless transactions. Every online platform has integrated payment gateways like Paypal, Stripe, and Amazon Pay, and more.
According to TechCrunch, fintech will be one of the trending categories among Edtech, SaaS, Healthcare, and Cybersecurity in which VCs are going to invest for better results.
Read Also: How to Start a Fintech Company?
The above-mentioned examples pretty much clear why and how digitization has helped these platforms.
Healthcare sectors and educational sectors are also understanding the need for digitizing more than ever, as online consultation and booking has become a common sight in this scenario. Apps like Practo and Doctor on Demand have flooded with the patients asking for online consultation.
Online learning platforms like BYJU’s, Udemy, and Unacademy are experiencing a rush in the students and educators registering in it.
So these were the positively influenced Industries & businesses but what about those industries which have been striked hard by the COVID-19? Let’s discuss how they are affected and how to digitize them.
Car sellers & dealers have seen a major hit by the pandemic. Especially those who only operate their business on-site. As social distancing has become a norm in this day, people purchasing a car have turned to online before stepping foot in a dealership. Thanks to companies like TrueCar that allow people to buy a car and complete the paperwork from home. Even they deliver the car to your home.
Maybe your business wouldn’t have affected this much if you have transformed your showroom into a digital marketplace equipped with Virtual reality car models. Car lovers can virtually open the door, view 360 views of inside and outside of view and other important things of the car, and book the car.
The supply chain flow has also been affected due to social distancing guidelines. However, due to major demand in the groceries and medical supply, transportation and trucking companies are running on government guidelines.
Some trucking companies were reluctant to digitize their business and incorporate software tracking systems and digital documentation due to some misconceptions before the pandemic. They considered it unnecessary. But with the increasing risk of Coronavirus spread, the companies have understood the need for digital signature and trucking software.
According to Reed who is vice president of business development and supply chain optimization at global transport and logistics company GEODIS, “the trucking companies are going to favor more digital-savvy operations after the COVID-19 crisis.”
Read Also: Uber for Trucks: Ultimate Transportation & logistics technology solution
By temporarily imposing lockdowns, governments have taken some required steps to safeguard the consumers as well as the workforce that works on a manufacturing unit. As manufacturing jobs are on-site and can not be done remotely, the sector has been impacted majorly.
In the coming months, factory owners and manufacturing owners should consider automation solutions to reduce the number of workers on the factory floor. Manufacturers that have already incorporated solutions should ramp up by considering new digital solutions. Those who have not yet thought of it should focus more on digitizing their factories. They should focus on tools like autonomous material movement, industrial robotics, IoT solutions, and AI solutions which lessen the reliance on manpower.
In the upcoming time, big corporate offices will have to take preventive measures to stop the COVID-19 spread in office spaces. For example, airports are implementing infrared cameras to measure the body temperature of passengers to determine if they have a fever.
You can implement this technology in your office to measure the temperature of your employees. Smart office solutions will allow operating the windows, lights, and other things to control through mobile phones, which more or less reduce the risk of the spread of coronavirus happens through touch.
There surely will be a paradigm shift in the way people are doing business or have done. It will be divided between Pre COVID-19 and the Post-COVID-19 era.
Novel Corona has in a way made business owners think more about digitization. It has encouraged people to create a sustainable business that does not wobble in this kind of economical crisis. They have understood the importance of digitization in business.
Of course, humanity has survived many such pandemics (1918- Spanish flu) and economic crisis (the great depression in the 1930s and the great recession in 2008). And there may be some other crisis in the future. Having an online business will guarantee a smooth run in a crisis like COVID-19 where there is no way of doing business physically. Below mentioned infographic lets you know how has These kinds of pandemic affected businesses in the past.
The USA and other countries are already undergoing recession and unemployment. Also, the lockdown has given these jobless people and physical business owners to take some time and think about their business aspirations. This might cause them to think, “How Does Online Business Work” or “How to Digitize My existing Business?”
I have listed Some steps through which you can start your online business. Expand the section and go to our other resource where you will find a complete guide on how online business works for different industries.
Deciding the business you want to start can be a tricky process. If you are fortunate then probably you know what your niche is. If you will search on the Internet, you would find many online businesses operating on a different business model and various scales. Below I have listed some of the business ideas which work on app-based ideas.
Also, if you do not want to go deeper into particular types of business and have any idea of a popular app, then you can start your online business.
As I have explained today, apps like Netflix, Trello, Zoom, Paypal, and more are popular among users in this Pandemic, you can choose any one of them. Below I have listed some of the popular examples of different apps that are generating handsome revenue despite COVID-19 situation. Explore the full article to know more deeply about these apps and how they become top apps in their domain.
Are you operating a physical business that is on the verge of collapsing in this COVID-19 outbreak?
Chances are in this situation you are actively looking for the strategies to revive your business. Don’t worry, Digitization can uplift your business in such a grim time.
One of the most responsible factors that affect the business is losing regular customers. Your loyal ones!
But if you dig through your problems, you would find there is a deep underlying problem with your business strategy. Maybe it’s your business model. Maybe you are not keeping up with the new trends. Maybe you have taken your customers for granted.
To keep your customers coming back to your business, you must adopt a new approach. A new approach of digitization. A new way of reaching your customers.
Digitizing can be done in multiple ways. You can incorporate the latest technology that could enhance your customers’ experience. You can build an engaging website or a mobile application for your business as I have explained earlier. There are multiple technologies out there that could facilitate you in elevating your business. AR (Augmented reality), VR (Virtual Reality), IoT (Internet of things), Chatbots, and other trending technologies are transforming today’s business.
Restaurants are considering building a dedicated mobile app or an AR menu to attract more foodies. Ecommerce businesses are integrating Chatbots or Live chat so that they could provide their customers an experience they deserve. Startups are investing in Fintech, Edtech, Cloud computing, SaaS software, Telemedicine, and more. It’s time for you to take the much needed first step with digitizing your business.
There is hardly any industry that is immune to uncertain economic crisis. It is the strategy and understanding of what the current time requires makes successful businesses different from the failing businesses.
Your industry requires digitization. People are making themself aware of it. They are embracing new technologies. They are learning new ways to buy, use, enquire, search, and implement their needs. The question is: Are you ready to deliver them this experience? OR Do you want to know why digitization is important?
If you want to talk about why digitizing your business, feel free to contact us. Also if you have any online business ideas, let’s talk!
The post COVID-19 & Businesses: Why Digitize Your Business? appeared first on Excellent WebWorld.
Permalink - Posted on 2020-04-30 14:13
Should I go for an online business? That’s the question which many of us are confused about. One thing is clear that online business comes with a lot of advantages.
Consider this scenario of COVID 19 pandemic, wherein many traditional businesses are falling across the globe. The ones which are surviving in this pandemic are the online business. It shows why digitize has become a necessity in COVID 19. Digitization will help you in the present as well as in the future to let your business survive against any such situation. Thus, we can say that it is the right time to get your business to digitize.
In this article, we will cover the points which will let you know how does online business work and how to start an online business.
Healthcare application growth is inevitable in the market. Either it is a doctor assistant app or a medicine delivery application, there is an enormous growth of the online healthcare industry. The applications come with services like video calling consultation, health tracker, setting up an appointment with the doctor, online buying of medicine, and many more.
Basically, for the development of the online healthcare business, there will be a user app(for the patient), doctor app, and delivery app(if medicines are to be delivered). Wherein the patient can book the appointment and the doctors can respond to it.
If you’re planning for a medicine delivery app too, then patients order the medicine online and the delivery boy can deliver the order with the help of details present in the delivery app. Along with all this, there will be an admin panel through which you being the owner can track every detail going around your business. You can include the features as per your requirements.
Converting your traditional transportation business online will help you to manage it seamlessly. We all are aware of the success of the on-demand taxi industry across the world. Not just converting your traditional business but even having a startup in this industry comes with a lot of fortune. Taxi, truck, logistics, or aviation, you can start with any of them.
If you’re planning to invest in the online transportation industry then for the development purpose you will require two applications (driver app & customer app) and one admin panel. The working of this application goes like customers will request a ride and nearby drivers will get a notification for the same. Here drivers have the option of accepting or rejecting the ride based on the customer. With the help of an admin panel, you can keep an eye on the activities of your business and even manage the things related to the customer and driver.
The online entertainment industry is ruling the world. People are changing the way they consume entertainment these days. If you have a good hold for the entertainment industry then bringing it online is a must thing looking at the present scenario. Entrepreneurs in the entertainment industry need to look at the cracks and find better solutions to entertain the audience. Whether it is about online streaming of videos, music or even games moving online comes with huge benefits.
You might require a user app and admin panel for building an entertainment app. In the user app, there are different subscription packages available based on which the quality of streaming a video or music depends. Through the admin panel, you can check the analytics report to get the regular updates of your business. There can be changes in the number of apps you need to build based on your target audience and type of entertainment app you are planning for.
The online food industry is growing tremendously as people want everything at their doorsteps. Grocery delivery is becoming quite popular these days especially in COVID 19 effect. People are now afraid to go to the store and buy their daily essentials. They prefer to order online and get things at their doorsteps.
For the food industry, two types of solutions are available for you. First is the marketplace solution wherein the various vendors can register on your platform and can list their products. When the customer orders the products, the delivery boy will get the notification. Later the delivery boy will go to the vendor to pick up the order and deliver it to the customer.
For the second one, if you have a traditional store then build an app for the users to order products and delivery apps to deliver the products. With the help of the admin panel, you can track and manage the activities of your online store.
Day by day students are getting more comfortable with online education as it gives them the comfort of learning anywhere and anytime. The online education industry has brought a revolution in the way students educate. Flexible schedules and the environment with online learning have brought immense productivity to the students.
Henceforth, if you’re having an institute or planning for the startup in the education industry then it is the right time to go with it. The countries which are on the way to online education are the United States, South Korea, India, Malaysia, China, and many more.
For the education industry, you can have two solutions. The one is a marketplace solution wherein the teachers can register and upload their lectures. Students can choose a teacher based on their reviews and experience. If you’re having a school/institute and planning to digitize it, you will require a student panel(scheduling of tasks), teacher panel(adding tasks for students), and admin panel to manage all the activities.
People always want a hassle-free trip experience when traveling. And that is the reason almost everyone prefers online booking for hotels, tickets and more. You can build a platform like Airbnb or HomeAway if planning for a startup in the travel industry.
Build a marketplace platform and let the hotel owners register on your platform. On every booking, you can charge a commission fee to the hotel owners and service fees to the travelers for using your platform. For marketplace solutions, you will require to build three panels that are customer, hoteliers, and admin panel.
If you’ve your own hotel or travel agency then you need to build a customer panel(to let users book their needs) and an agency/admin panel to manage the online booking business.
The finance sector is one of the biggest beneficiaries of online business. The high-tech innovations took place from ATMs to online banking to going cashless. In a way, the online finance industry made it easy for people to do their financial activities. People are more comfortable with the online finance sector rather than traditional things. Today, whether it is an investment or making a payment is carried out through the mobile screen.
The finance industry comes with vast solutions for the online business. One of these solutions is to build a payment wallet wherein via the customer panel, users can do the cashless transactions and through the merchant panel transaction is received on the other side. Apart from these two panels, there is an admin panel to manage and track the activities.
The other solution over here is building a trading application which will have a customer panel and admin panel. If planning for a startup in the online finance industry, then you need to hire the best software development company that can build a secured database for your platform.
In this digital era, online shopping for any products has become a priority choice for most people. Online retail platforms are capable of servicing the customers in a better way than a retail store can do. In order, to keep up with the trends and let your retail business run seamlessly you need to build an online platform. Build an eCommerce website/app or both and list out your products on the platform. Start selling online and earn huge revenue by reaching a larger audience.
For the retail industry, you can either build a marketplace solution or your individual store app. To build an online marketplace you require four panels i.e customer panel, vendor panel, delivery panel, and admin panel. Vendors will register to your platform and list out their products with appropriate details. Further, customers can place their order and the delivery boy will deliver the product at the customer’s doorstep. You can take a flat commission fee from the vendors on every order placed.
For developing an online store for your traditional shop, you will require a customer app through which they can place the order and an admin panel wherein you can check every sort of detail about your online store.
Digitization in the mining industry can bring innovations in their key aspects. Many technologies are affordable to become operational in the online mining industry. The mining industry is most popular in the UAE, Afghanistan. This industry highly differs in comparison to all other industries. It is highly variable with the uncertainty of the resource being mined from nature. You can integrate technology into the mining process to get better results. Digitization will help you to manage your mining business in an efficient way.
For the online mining industry, the application is built on your needs. Here, from business to business it will differ. For instance, for one of our clients, we build an online mining solution that contains a worker app for the attendance of the workers. It is taken through a smart helmet that is based on the IoT solution. It even contains a manager app through which managers can update the daily report of the worker and its working. Lastly, it contains an admin panel through which the owner tracks the activities of their mining business. This is one of the ways which shows the working of the online mining industry.
Online selling of automobiles or their spare parts is becoming more popular these days. But launching an online automobile business requires huge money and time. Henceforth, if you have enough resources for the investment then it is a good option to go with the digitization of the automobile business. Another thing you can do here to reach a larger audience is creating an informative website/application covering the details of your automobile and its spare parts. If you’re planning to develop an online selling platform for automobiles, you will require a customer app and admin panel to manage the business.
Integrating online business is quite seamless when you hire the best software development company. Make a list of the types of business ideas and make a deep research on it. Look for the business type or industry which suits you best and go for building an online platform for the same. Hire the best software development company by going to their reviews and past client experience.
On the basic level, below-given steps will be enough to build your online business.
So, that’s all about how does online business work with various industries. In the future, online business will be the only thing that will help your business to survive in this world. There are so many online business examples who observed an unexpected growth in this COVID 19 situation. The only reason for it is people fear to leave their home, henceforth prefer to use online services.
Need help in planning your online business? Our experts will help you with the best possible solutions for your online business. So, let’s connect for the development of your online business.
The post How Does Online Business Work? Guide Based On Industries appeared first on Excellent WebWorld.
Permalink - Posted on 2020-04-30 13:40
COVID-19 pandemic has made more and more businesses to go for digitization. Looking at the current scenario, this is the only way to stop the downfall of a business. Digital solutions like online delivery, contactless payments, private cabs for travel, and more have become the primary choice for the customers to manage their daily tasks. This shows why digitization has become a primary choice for most of the traditional business.
People are moving towards the online purchase of any services as it saves their time. Not only due to this coronavirus pandemic but to let your business survive in the future, digitization is important.
So, do you agree that it is time to make your business digitize? To give you a more clear thought for the same, here are a few statistics on online business.
Stats on Online Business
Worried about how does online business works or whether to go for it or not? To motivate and inspire you, here we’ve listed a few online businesses which came out to be the most successful ones.
It is a US-based pharmaceutical app that offers detailed information on diagnosis, diseases, and drugs. Epocrates come with amazing features which include pill identifiers and even the drug calculation as per the dosage. It was founded in 1998 and has its headquarters in Watertown, Massachusetts.
It is a tech health app that was built by the founders of Epocrates. The platform is composed of doctors as a networking platform. The doctors can share the messages related to the cases which fit the HIPAA requirements. Doximity was launched in 2011 and has its headquarters in San Francisco, California.
Practo is a patient-focused app with over 100,000 doctors. The main user base for this app comes from India and Singapore. The service here is for doctors as well as patients. They have a seamless booking appointment feature for the patient. It was launched in 2007 and has proved to be one of the best healthcare startups.
Uber brought a huge revolution in the transport industry. It was launched in 2009 and by now serves in more than 63 countries and 785 metropolitan cities. Uber completely changed the way people book their taxi and travel to different places. The main reason for their success is the Uber business model and the appealing features they have.
It is one of the best ride-hailing startups in the United States which serves in approximately 60 cities. They have a stunning interface that lets riders track the ride and even check the details of the driver. Lyft’s business model is quite different than that of Uber. It comes with three different services for the users – Lyft, Lyft Plus, and Lyft Line.
It is one of the most unique car rentals services in the online transportation industry. Turo is also known as the “Airbnb for cars”. It allows the car owners to rent their car via listing it on the Turo platform. Turo was launched in 2010 and has its headquarters in San Francisco. This unique idea of renting a car has achieved a huge success and people are so comfortable with Turo.
In the online entertainment industry, it is one of the largest video streaming apps with the highest downloads across the world. The services offered by Netflix are documentaries, popular movies, web series, and much more. The subscriptions over here are based on the quality of the video you select. It was founded in 1997 and has the headquarters in Los Gatos, California.
We all are aware of the popularity of the Angry Birds – the biggest successful startup in the gaming industry. It was launched in 2009 and has more than 50 million downloads in the app stores. The idea of this game came from a simple screenshot of an unhappy bird character. Each day the game has been played for approximately 200 million minutes.
Read More – “Easy to Start” Online Business Ideas for 2020
The widely used music app Spotify is one of the top startups in the music streaming apps. It was launched in 2016 and has the highest number of downloads. The free version of Spotify is much better than other music streaming apps and it is one of the reasons for its popularity. The free version allows users to listen to the millions of worldwide popular soundtracks.
The on-demand grocery delivery app like Instacart is booming with its success. People are getting more comfortable with apps like Instacart to carry out their routine grocery shopping. It was launched in 2009 and has its headquarters in San Francisco, US. Instacart offers its services in more than 5500 cities of US states.
UberEats has spread its wings in more than 1000 cities worldwide. It allows the users to order food from their favorite restaurant and get it delivered to their doorsteps. It was founded in 2014 and has its headquarters in San Francisco, US. UberEats come with appealing features like estimated arrival time for the food delivery.
A grocery delivery app that operates in the whole US. More than 50,000 shoppers are registered with the Shipt. It was founded in 2014 and has its headquarters in Birmingham, Alabama. The biggest of this online business is “What’s on Sale” wherein they present 100 sales items every week.
Khan Academy is a non-profit education platform that offers more than 10,000 courses. It deals more with the academic courses like math, history, economics, science, and more. All the courses at Khan Academy are completely free. A version is especially available for the younger kids which is highly recommendable.
One of the most successful online learning platforms, Udemy is specially built for professional adults and students. Here, students and instructors come from approximately 191 countries of the world. It has more than 150,000 courses available on their platform. Udemy was launched in 2010 and by now, it has 57000 instructors who teach in 65 different languages.
edX is a MOOC (Massive Open Online Course) provider that hosts a wide range of university-level courses. It is a non-profit education platform that was created in 2012. It is completely free and anyone who is in search of a platform for higher education then must go for this one.
Airbnb is one of the most successful startups in the travel industry. It has completely revolutionized the way people travel. Airbnb gave a whole new level of experience to the voyagers by making them stay at the locals. It is a vacation rental platform wherein the travelers can book their stays at locals of the place rather than a hotel. It was launched in 2008 and has its headquarters in San Francisco.
A vacation rental marketplace with more than 2,000,000 rentals around the globe. It was launched in 2005 and has headquarters in Austin, Texas, United States. It is one of the best vacation rental apps that people are comfortable with. There are a few similarities between Airbnb and HomeAway platforms.
The Skyscanner comes with innumerable options for booking a flight for the trip. The app lets you search from the thousands of flights available from more than 1200 resources. You can get good deals on the flight when booked from Skyscanner. It was launched in 2002 with its headquarters in Edinburgh, Scotland, UK.
Coinbase is an app which works for the exchange of the cryptocurrency. To the newbies, it gives the needed information on the tools and cryptocurrency. You can sell, buy, and easily store the cryptocurrency in the stock of Coinbase. It was launched in 2012 and servers in more than 52 countries worldwide.
Paypal is one of the best online payment systems which is widely accepted by people worldwide. It works with almost every bank in the country. The main reason for its popularity is the less transaction fee they take. It was launched in 1999 and now, it operates as a payment processor for online auctions, vendors, and many more such commercial platforms.
Revolut helps you to manage your money wisely. You can easily make the payments with this application. The app supports more than 150 currencies across the globe. Revolut even helps you to buy, sell, and hold the cryptocurrency. It was launched in 2015 and has the headquarters in London, England, UK.
eBay is the first and multinational retail company across the globe. The app contains a list of huge numbers of products that they deliver worldwide. You can get the latest auction updates with the help of the eBay alerts. It was launched in 1995 and has its headquarters in San Jose, California, the U.S. It is one of the first and most successful eCommerce startups.
We all are aware of Amazon’s success. It is the leading online marketplace worldwide that provides users the best in class shopping experience. Amazon comes with an easy checkout and payment option which enhances the user experience. It was founded in 1994 and has its headquarters in Bellevue, Washington, United States.
One of the biggest retailers worldwide with the highest downloaded retail apps. The Walmart app is a complete ocean of innovative features which enhances their user experience. It was basically launched in 1962 which later in 1970 came to be known as Walmart.
Revenue Generated: $1 million
Number of Users: 1 million
App Available: Android
Android Auto is one of the best automobile apps that gives rapid access to google maps, music apps, messaging, and much more. You can use this app on your device and some of the cars even come with the Android Auto built-in. Android Auto was launched in 2015 which is capable of running in Android 5.0+.
This app gives you a complete overview of any cars. It is the most trustable car app by the users who are in a plan to buy a car. In addition to that, cars.com will even help you to calculate the value and loan payments you will have. The app was launched in 1998 and has its headquarters in Chicago, Illinois.
CarMax is one of the biggest used-car retailers in America. Through this app, you will be able to estimate the payment and even view the vehicle history of the car you’re interested in. CarMax is the best platform to buy second-hand cars. It was launched in 1996 and has its headquarters in Richmond, Virginia, U.S.
So, these were a few most successful and inspiring startups across the globe. Just like them, you can have your startup successful if built in the right and strategized way. The world is moving towards digitization and now it has become essential to move the business online.
Henceforth, if you are worried about how to digitize your business, let’s talk and build your online business. We have got an expert team that will help you to get the best solution for your business.
The post Top Examples Of Online Business Who Achieved Success Through Digitization appeared first on Excellent WebWorld.
Permalink - Posted on 2020-04-11 05:39
Believe it or not, if people are given a choice to select between a website or mobile app, they would undoubtedly go for a mobile app. A simple reason for that is- a robust user experience (UX). Actually, it is one of many reasons for them choosing a mobile app over the website. They love the offline working capability of mobile apps which is not possible on the website.
Predicting the future, leading companies like Dropbox, Airbnb, Google Docs, Ali express, Flipkart, and more converted their mobile website to PWA (progressive web app) or native mobile app to increase their customers. (We will see what PWA and native apps are in the article) Turns out, these companies witnessed a 70% to 100% rise in their users after turning their website into an app. They have also witnessed a hike in business revenue.
If you want to have more users, you should also turn a website into an app. Before you go deeper into the article, let’s have a quick look at some interesting statistics about the usage of the mobile application.
Statistics: (Source: Comscore)
Now, It’s great you have a website for your business. But what about mobile users? Do you think you can provide them an optimal performance with a mobile website? Would you be able to send them push notifications if you launch a new product for your eCommerce store? What if some of your users reside in a location where internet connectivity problems occur on a frequent basis? Would they be able to use your mobile website with such a poor internet connection?
The answer is no!
By not converting your website into an app, you are missing a major chunk of potential users.
Of course, these responsive mobile websites can be built at a lesser cost but you are compromising on the following things.
Mobile apps are designed and developed to give the best user experience to users with any type of mobile or tablet device. Unlike mobile websites, mobile applications can not be accessed by the browser. To use mobile applications, you have to download it from OS-specific stores. I.e Playstore, App store, etc.
However, that is not true for the progressive web app(PWA). It can be used through the browsers and works more like a mobile app than a website. We will go in-depth about it later in this article.
Now, what is that which makes these mobile apps so popular among users? Why should you convert a website to an app? Let’s see all the advantages of the mobile application over the website.
Users today have a shorter attention span. And with the website, your users have to wait for more time to get their wanted page. They have to start a browser and enter a URL for a particular result. Browsers, then get the result from the server. This ultimately makes them wait for a longer time.
In some scenarios, due to the low speed of internet connection, users abandon the process halfway. This might cost you big time. If you have a mobile app for the same or you turn the website into an app, these users may get converted to potential buyers. Since data is stored on the mobile app itself, users don’t have to wait. Even, they can use the mobile app offline.
Customers love to spend time on mobile applications because they are served what they want. Mobile apps can provide users according to their behavior, their habits, and their engagement.
Customers get a recommendation based on their collected data. They will get content they like and related to them. So they spend more time on the application.
Mobile applications are capable of rendering data based on the users’ geography and location which is not possible on the website.
Users prefer a direct channel from which they could extract any information they need. If you convert the website into an app, you can increase your brand identity by providing multiple features that users love to use.
You can add chat options, push notification, in-app payments, and many features that are not present on the website. If you build a great app with the best look and seamless user experience, there is no doubt that more and more users will download your app.
As mentioned above, users prefer to spend more time on mobile applications than websites. It forces them to understand your product or service better. And better understanding drives them to purchase something from your app. This means a good conversion rate and business on your side.
Apart from this, through mobile app people do in-app purchases to upgrade their features or get access to new functionality if you have provision for it. This adds extra income to your business. There are also other ways to monetize your mobile apps.
Mobile apps are built by keeping in mind the in-built features of many mobile devices. So users can utilize the app more effectively on their respective phones.
Instagram and Pinterest-like apps heavily depend on the smartphone’s Camera. On-demand delivery apps rely on the GPS device installed in the mobile app to deliver the delivery to the precise location.
In simple terms, to give users top-class experience, you can build a mobile app in such a way that You can utilize devices’ native functions like microphone, camera, GPS, Sensors, and more.
It is not like that once you build a mobile app, you have to stick with only those features only. As your business grows, you can always add new features for a better user experience. Even bug solving is also easy in mobile applications.
There are many popular apps that have started with only MVP (Minimum viable Product) features. And then gradually scale their app as their user base grew. Uber, Facebook, Airbnb, Buffer, and Instacart are one of them.
We know how COVID-19 has almost shuttered or stopped most of the physical and small businesses. In this situation, people would prefer a mobile app for doing tasks like grocery shopping, food ordering or even consulting a doctor.
In this adverse situation, mobile apps come as handy for customers to have what they want in just a few taps. Websites can be also useful but not as much as mobile apps. Through a video call, a patient can easily take primary diagnosis and advice on his or her health. Since social distancing has become a responsibility for every person in this pandemic, people prefer grocery apps for ordering groceries and vegetables rather than going physically to the store.
Now that you may have decided to convert a website to an app or build the app from scratch, you should know the ways you can do that. There are three ways you can build your mobile app and migrate from website to app.
As the name suggests, progressive web apps are web applications that behave like native mobile applications rather than web applications.
Users don’t necessarily have to download your app from the play store. If you build a PWA for your business, users can save your app to their device’s home screen. Only the first time while they are searching your app on the browser they are asked to save your app on their home screen. Once they allow it to display it on their device, they can directly access it from there. Hence, no need for opening a browser and no need to enter URLs.
Have you used Twitter in the Web browser? Try it! Open Twitter in the web browser and log into your Twitter account. What you are using now is PWA on Twitter. It will be run on low data consumption, low connection, faster, and engaging user experience. Unlike mobile websites, you will be able to get real-time notifications and offline notifications of twitter feed and messages. Note that you are using a web application but it totally gives you a mobile-like feel.
Some of the popular examples of apps that found a hike in users after converting a website into PWA are Ali express, Twitter LITE, Facebook LITE, Flipkart, and more.
Aliexpress, a popular eCommerce app witnessed a huge jump of 104% in the conversion rate of new users after having progressive web app.
This new approach in app development has also become quite popular among companies to build their mobile app.
Hybrid apps have common characteristics of web applications and native mobile applications. As it is installed and works similar to native apps but the inner structure is of web apps.
If you have your website built in React.js, then it is easy to turn your website into an app with React Native hybrid framework. There are many hybrid mobile app frameworks through which you can develop your hybrid mobile app. Flutter, React Native and Ionic are the most popular hybrid frameworks today.
Native apps are high performing mobile apps and give users an exceptional user experience. We have already mentioned above in the section about the advantages of mobile apps over websites. These apps are coded separated for each platform. The programming languages differ, the developers differ, and technologies also differ for developing it.
iOS apps are generally created in Swift, an Objective-C programming language. While Android apps are coded in Java or Kotlin programming language.
Businesses who don’t want to compromise on the user interface, user experience, speed, and security usually prefer to go with native app development. If you want to turn your website into a native app, then probably it might cost you more. It would be advisable to build an app from scratch.
It is not necessary you create your app on both platforms simultaneously. As per your user persona, you can either go with android or iOS first and then create apps for both the platforms. Also, if initially, you have a low budget you can build MVP(Minimum viable product) to have only essential features in the app.
If you hire a development company to convert a website into a mobile app, make sure your developers keep in mind your user behavior and apply best practices that lead to optimal performance for your app.
You would find multiple articles titled with “turn a website into mobile app free”. The question is how reliable these online converters are.
Usually, these services put a website into a web view wrapper. Your website opens in a browser and looks like a mobile app but the UX looks so unwanting.
These converters also use other methods which is ready made plug-ins. These plugins are developed for engines like WordPress and WooCommerce. First, they build an API and then provide templates to convert your website into an app.
The problem with this method is that you can not add new features due to the fixed template.
So, we suggest you to either go with the above mentioned three methods while migrating from website to app.
Conversion of a website to a mobile app should be your first step if you are planning to get more users and elevate your business.
It is possible that you may not have enough budget to build an app from the start. However, converting a website to an app with these methods would be a suitable and economically viable option for you.
All in all, if you think you can not spend too much at this stage, you can go for PWA. A hybrid app is also an affordable way to build an app for your business. And finally, if you don’t want to compromise on user experience and functionalities, native apps are best for you.
We at Excellent Webworld provide all kinds of porting services that aid business owners to have more users for their business. So, without wasting time and losing profit opportunities, turn a website into an app with our mobile app porting and migration service.
Permalink - Posted on 2020-04-09 05:46
In today’s era, the internet is no more just about the static web pages and slow loading speeds. Static pages are now replaced by robust and fully functional web applications.
A web application that works on the remote server with the help of the internet. The app is stored on the remote server and gets delivered over the browser interface.
But to build a perfect and robust web application, the critical part is to select the right web application architecture and its components.
Therefore, I came up with this article wherein I will discuss what web application architecture is, why it is essential, and much more.
Let us start with defining web development architecture.
An internet user sees a web page on their system through several interactions that happen in the backend. A series of interactions take place between different components like the middleware system, database, user interface, server, and the browser.
To manage all these interactions, web application architecture came into the picture. It ties up all this interaction together and makes sure that multiple applications work simultaneously.
To understand better, consider the example of opening a web page and how the process goes on. As a user hits the URL in the address bar, the message will go to the server. Later, the server will send a file to a browser, which then shows the requested page to the user. The point to note here is the code behind all this stuff.
But the code may not every time have the specific instruction to let the browser know how to interact with every user input. A web application architecture includes all the subcomponents which are necessary to load a page on the user’s device successfully.
In short, a web application structure will ensure robustness, efficiency, scalability, and security for a web page.
For any web application, there will be two subprograms running side by side.
Server-Side Code: The program which responds to the HTTPs request.
Client-Side Code: The program which response to the user’s input.
For delivering any web application, these two sets of programs will work simultaneously. Both the programs will work as per the user inputs. The server-side code will be written in Java, C#, PHP, Phyton, Ruby on Rails, etc.
As I said previously, the web application software architecture contains many components. These components are further combined into two categories.
They have a role related to the web app page like statistics, notification, settings, configurations, display, activity log, and much more. User interface app components are related to the experience rather than the development part. In a web app, they play a role in the layout plan in the interface.
The structural components in the architecture of web applications can be divided into three sub-parts, like the client, server, and database components. The client component will represent the web app’s functionalities that an end-user interacts with. The central hub spot which supports the business logic is handled by the server component. The database server component stores, retrieves and provides the data.
A secure web application architecture is all about how the logic of the web app is distributed among the server and client-side. In the present stage, there are three types of enterprise web application architecture available. Let us get through all the three one by one.
A modern web app architecture that focuses on enhancing the user experience. Single page application will load the whole web page only once. Later, when a user clicks on anything on the page, then only the requested data will get updated. The rest of the web page will remain as it is.
These are lightweight and small services that execute single functionalities. Micro Service architecture comes with so many advantages for developers as well as users. This modern web application architecture increases productivity and makes the deployment process faster.
The best thing about microservice architecture is developers can pick any stack of technology as the components that make the application do not depend on each other. Henceforth, components are developed using various technologies. Microservices architecture makes the development process easier and faster.
In this type of modern web architecture, third-party cloud infrastructure is responsible for maintaining and computing servers. A web app developer will hire a third-party cloud infrastructure for the server as well as infrastructure management. With the help of serverless architecture, we can execute the application code without the need of infrastructure-related tasks.
It suits best to all the companies who do not wish to support or manage hardware and server of the web app. Serverless architecture is also known as FaaS(Function as a Service) or serverless computing. Some even call serverless architecture the future of software architecture.
Web server architecture is defined as a logical layout of the web server through which a server is designed, built, and deployed. The primary purpose of this architect’s web design is to fulfill the request of clients(browsers and web apps). The application may be related to the REST API or a page resource.
A web server architecture usually comprises storage, server, performance, app tires(bind different apps to the server), network connectivity, and operating system. The different types of web server architecture are mentioned below.
Java – a versatile programming language that is popular in an enterprise development environment. It is one of the most popular programming languages among developers. Java web application architecture can help you achieve desired results for any type of web apps. Whether it is informative or simple web apps or multi tired, you can expect best with this web app architecture. You can easily pick any of the Java native tools and frameworks and develop anything from simple to complex web apps.
This mobile app backend architecture permits robust and straightforward development. PHP is known as the least complex and highly functional language among the developers. It is the best language for beginners. The architecture comes with high security and simple maintenance.
The migration to this architecture could benefit all the parameters. The cloud-based web apps function and store the data over the cloud and the local server. Cloud-based web application completely relies on remote servers wherein the logics get processed to the web browsers as per the user’s request.
This web application structure works in a dual-mode. It works for HTML as well as TypeScript that is for platform and framework too. AngularJs web application architecture comes with lots of benefits. It includes UX with lazy loading and even reduces the coding size.
Modern web application architecture replaces the older components and legacy structures. In this era, to keep users engaged, you need a web app that gives them the best experience.
The robustness, scalability, security, and responsiveness of any web app highly depend on the types and models of the web application architecture you select. Therefore, take some time and think about the type and model of web app architecture that suits best to your business. Our expert team can help you get the best solution for your web app.
Yet, confused about how to design architecture for a web application? Let’s Talk!!
The post Web Application Architecture – Its Components & Types appeared first on Excellent WebWorld.
Permalink - Posted on 2020-03-24 08:45
We cannot deny the fact that technology is revolutionizing the way people do business. Small business is playing in the field with a large organization in terms of technology. That’s the reason why on-demand is getting colossal with every passing day. Reports say that 51% of the people who came with on-demand service are having a better profit than last year.
In this article, I’ll be talking about one such on-demand economy that is spreading wings out. The on-demand car wash app is becoming popular among the people these days.
When you think about car washing, you need to plan it at least an hour before. And the problem does not end here, you even need to stand in a queue to get your turn. It is a cumbersome task and hence many such car washing companies came up with a solution. The on-demand car wash app is now becoming the user’s first choice when planning for a car wash.
And to the fact, it is just a growing on-demand industry, hence the competition is low. Before going deep into the mobile car washing system, let us go through some of the convincing facts.
It can be incredibly easy to start a car wash business if you follow a few steps. Firstly, make a note of the functionlaites you want to include in your car wash business. Once, clear with the functionalities, select the business model for your car wash business. On the technical part, make a choice of the platforms to build your on-demand car wash app.
The cost of your on-demand car wash app development willl depend on many factors like platform you select, configurations, features you include, UX/UI designs you opt for, and the most important part here is th company you hire for the app development. The approx cost of your app development may vary from $9000 to $30000.
With on-demand car wash app, you can make almost 30% more than that of traditional car wash business. As the world is moving towards technology, it is high time to get into on-demand services. Above all, your business can reach to more users with the help of on-demand car wash app.
The car wash business is experiencing tremendous growth and it is expected to grow by 9% every year. Some of the major facts on the car wash industry are as given below.
Washé – the mobile car wash app is a successful startup that raised more than $3.5 million in its seed funding round. It was launched in Florida and by now has 1000+ car wash companies under this app. They started with Florida and now they’re operating even in New Jersey, Georgia, and many parts of Southern California.
In one of the conferences, Washé said that they observed more than 25% of growth in their business with a mobile car wash app. Below, I’ve mentioned three powerful solutions that car wash solutions like Washé adopted.
The simple thought over here is more efficiency will bring more productivity to your business. With such a mobile car wash system, you can keep users engaged. And the main idea over here is to generate the interest of users by providing them services at their doorstep. The main reason for it is people are willing to have everything on their fingertips.
Before you begin your on-demand car wash app startup, have a look at the real-life problems faced by the clients. And try to provide a solution to that problem within your car care app. When talking about car washes, one of the main inconveniences faced by people was the long waiting queue to get services. You can provide convenience to the users with the help of a car wash app.
One of the reasons for the success of on-demand is the rich experience it provides to B2C and B2B. It is a win-win situation for both businesses and consumers. To get more visibility for your business I would recommend you create a car app for B2B as well as B2C. Washé adopts a similar concept for its on-demand car wash app.
So, are you planning to make your own car app? Here is how you can start with.
To start with, the foremost thing you need to do is choosing the approach of your business. Whether you want to go for B2B or B3C or both. Once you’re clear with the business approach, make fix modules for your application. If you’re including B2B and B2C modules for your car cleaning app, then basically you need to build two apps. One for the customer app and the second one is for the detailer app. Both of these apps are connected to the admin panel.
Here I’ve mentioned a few basic features for your mobile car wash apps.
Sign up/ Login: A feature that is common for all the app, where users need to login to access the app.
Car Wash Package: Users can select any one package from the available list.
Car Location Choice: The mobile car wash software allows users to select their nearby service center as per their requirements.
Multiple Car Option: With the help of this feature, users can even select multiple cars for the service.
Payment Module: Users can make the payment through credit/debit cards. They can even use any payment gateway if made available.
Reviews & Ratings: Users can share their thoughts on the services they purchased.
Login/Sign up: The detailer can log in or sign up for the app.
Accept/Reject Service: As per the availability, a technician can accept or reject the request.
Push Notification: Detailer can send a notification when the request gets approved or the service of the car is completed.
View History: Detailers can view the complete history of a number of car services they’ve completed.
Requesting Payment: As per the requests completed, the detailer can request the payment.
The part of the on-demand car wash solution from where admin can keep an eye on all the activities going around their business. A few basic features included in the admin panel are mentioned below.
So this was all about, how to build a car wash app with some of the basic features. Have a look at a successful car wash business model that firms are using. And then build a business model that suits best to your on-demand car wash app. The next curious question coming to your mind might be the cost of app development.
The cost of an on-demand car wash app development completely depends on your requirements. Some factors which can give you an approximate cost for your mobile car wash app are given below.
So, with the above-mentioned aspects, you can get an approximate cost for your app development.
As I said above, on-demand is rapidly increasing with passing day. It is a unique idea for mobile car wash businesses and there is a high chance to get success in a short span of time.
At Excellent Webworld, we have an expert team with years of experience. They can build the best in a class mobile app for car wash as per your requirements. Our team makes the best car wash app development company.
Yet, need assistance for your online business?
Get in touch!! Our team will provide the best solutions for your business.
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