Case study on Mobile App : Elev8tion

The main question then arises is about build a cab booking app and how much would it cost. With this, it is clear that there is a need for quality solutions and there are many businesses looking to build a cab booking app. These businesses would be more eager to know about how much it would cost to develop such an app. Here, the organizations should consider providing permanent and innovative solutions that can make their taxi booking app different from their established peers and help them create their forte among the targeted customers.

Thus, taking a tip or two from the market moguls, let us find out how they invested in developing the taxi booking app. Uber presently runs in over 581 cities across 81 countries around the globe. Although having a small business model, in the beginning, Uber has propelled to become the second biggest company venture.

Thus without much ado, let us quickly understand its business nuances before we have a look at the cost that is needed to develop a taxi booking app like Uber.

What is the need of a cab booking app?

With urbanization and better road connectivity, people are traveling to places. If you have a taxi booking app with apt features, it could become a value proportion for the users and give you a better start amidst your competitors. With the increase in technology, the taxi market has become very niche, so a mobile app is essential.  Stats also show that the world taxi market will show a compound annual growth of 9.4% by the year 2024.

By developing a cab booking app, you can have specific offers for your targeted customers and also for the drivers who are willing to associate with your platform. From free rides to discounts and in-app payment options for users to insurance covers to flexible work hours and the opportunity to earn more in peak hours for drivers, you can make an all-round development if you have a taxi booking app.

How much will it cost to develop a taxi booking app?

As a top-rated app development company, we always offer the option for a Minimum Viable Product (MVP) based on the app requirements. By developing an MVP, you will also get better insights about the likes and dislikes of the customers and the set of features that you must add to increase its popularity when you roll out the full-fledged app.

Moreover, building an MVP will also decrease the development time and will allow you to release your app in the market rapidly.

The cost of a taxi booking app depends on several facts such as features, demographics, etc. The organization needs to understand that if you are including high-end features, the cost of the taxi booking app will go higher.

Project Management, Quality Analysis, and Bug fixing would account for 39% of the total cost of developing a taxi booking app. Also, the passenger side of the app would cost you 33%, admin dashboard 14%, and driver’s side app 14%.

If you are willing to develop the taxi booking app in the USA, it will cost you from $70-$230 per hour depending on the number of features (basic or advanced) you are willing to include. The cost of development in the UK will range from $65-$140, and in India, it will be $20-$70.

Moreover, if you are planning to develop a basic taxi booking app, it will cost you somewhere between $25000-40000 and for a feature-rich app; the cost will increase by up to $90,000 to $140,000.

Insightful readings: How to Build a Successful App in 8 Easy Steps?

Understanding the business model for Taxi Booking App

Two types of business models can be used to develop your taxi booking app

◾️ Aggregator model

◾️ Ownership Model

Aggregator Model

Here the cab aggregator will partner with the cab operators to provide the rides as per the request of the user. In this model, the taxi aggregator will receive the commission from the operator, and the operator has to pay a certain amount as fees to use the platform. Most of the leading taxis booking apps such as Uber, Ola, Gett, etc. are running their business on this model.

Ownership Model

If you are looking for a taxi fleet service through your app, this business model will work the best for you. The unique thing about this model is that there are no hidden charges for the operational cost.  The taxi operator only needs to pay for the fuel, maintenance cost, and the cost of using the technology platform.

Monetization Strategies for a Cab Booking App

There are several monetization options that you can include in your taxi booking app to generate extra revenue. Competent monetization strategies are a win-win situation for both the driver and the business person who provides him/her with his taxi booking platform.

Profit-sharing:

Through the taxi booking app, your company can earn a significant amount of money.

Read more at: https://www.prismetric.com/taxi-booking-app-development-cost/

You can approach a progressive web app development company for making bespoke eCommerce web and app solutions. While there are many technologies and platforms available on the market to build user-centric eCommerce mobile applications and portals, progressive web apps not only do a better job, but they are also light on your pocket.

Here are the benefits you cannot overlook –

1 Ease of use

An app loses 1 out of 5 of its users if they have to go through a complex process of finding an app, going to the web store, downloading it, and then installing it. As stated in the beginning, quick ‘reach’ to the destination and an easy navigation or access of a website or mobile application makes the user experience better. The number of steps from finding an app to installing and using it are dramatically reduced with a PWA. That said, the user can easily search for the app in a web browser itself and immediately start using it.

As an eCommerce store owner, you want to reduce all the perplexity of the user as much as possible. It is an essential part of the overall user journey because the fewer steps, the better the user experience.

For an eCommerce store, the rate of conversion is an important metric to track. Even if you spend thousands of dollars and countless hours in building a great eCommerce website, there is no point if visitors just come, browse, and leave without buying anything.

Progressive web apps help in increasing the conversion rate because they are much faster to load.

Case studies by Google reveal that PWAs help in increasing the conversion rate by a whopping 52 percent.

2 Easy and quick development

It is relatively easy to develop a PWA as compared to developing a native app. Google has ensured that the developers can use reusable codes, allowing them to repeat the same codes and modules.

If you are an eCommerce business owner who wants to offer the customers native app-like features in the shortest possible time, then PWA is for you. PWAs are more comfortable, faster, and cheaper to develop than native apps.

Considering the fact that you need to reach the targeted customers from every corner of the internet, you should have a website, an Android app as well as an iOS app. The breakthrough is here –instead of investing in multiple platforms, you can develop a PWA to work unequivocally saving a great chunk of bucks and time without compromising on the user experience.

3 Reduced gap between businesses and customers

With a PWA, your users won’t need to download the app. Thus, it reduces the cognitive load that users frequently experience while going through the process of downloading an app.  Users are now becoming conscious of the number of apps they have on their phones. As the mobile storage space comes limited, and minimalism in terms of keeping mobile applications is a new normal.

Users do not prefer to install apps as their smartphones are already clocked with many apps. Having many apps on the phone clogs the phone, making it slower. It is one of the primary reasons why PWA is taking the driver’s seat in the app development space.

4 Indexable and engaging

Another significant advantage of using a PWA is that PWAs are indexable and shareable. They are web-based, the user can search for a PWA even on the traditional search engines like Google and Bing.

A progressive web app provides a native app-like experience to the users, and users can access a PWA in the same manner as they used to access the native app. The engagement level of a native app is not compromised on a PWA.

5 Performance

A significant advantage of a PWA is that it is fast and responsive. User does not have to wait while loading a PWA. It is no secret anymore that half of online shoppers would leave a website if it does not respond to their clicks or taps within 3 seconds. The real benefit of a PWA is that even in poor network conditions where a native app fails on its swiftness, a PWA works markedly faster getting the user their best experience.

6 No app-store charges and automatic updates

Automatic updates in a PWA works like a simple website update wherein all the process of updating takes place at the server end and this allows the end-user to always have an updated web app.

Also, either you as a business owner or your tech partner would need to pay subscription charges to the app stores on which you wish to upload your native app. Work with a PWA, and you avoid these charges without affecting the visibility of your website.

By choosing to launch a PWA, you reduce your dependency on the app stores and their changing terms and conditions. While your native app might be invisible to your consumers on these app stores, a PWA is something that can be worked on the search engines to improve its visibility.

Top Progressive Web App for Ecommerce Business Examples

Let us see some real-world case studies of famous eCommerce brands those were benefited by introducing PWAs.

🔹 AliExpress

One of the largest eCommerce stores in the world today, AliExpress once had a seasoned native mobile app which looked all fine but had its own set of challenges, low conversion rate being the major one.

By switching to a PWA, AliExpress provided its users with a faster and better experience, and also offline access. Such a change surged the company conversion rate by 104 percent. Pages visited per session also doubled across all browsers, and time spent per session increased by a staggering 74 percent.

🔹 Lancome

A premium French luxury perfume and cosmetics brand, Lancome is a renowned company all over the world for its products.

The desktop version of the luxury brand had a superior conversion rate of 38% as compared to the mobile app’s 15%.

A significant challenge for the brand was the issue of abandoned carts.

Once the PWA was launched, the push notifications in the PWA version helped in increasing the conversion rate and solved the problem of abandoned carts. Lancome experienced a significant increase in conversions even from areas where there was slow connectivity.

There was a 17% increase in conversions, and the bounce rate got decreased by 15% after the company went with a PWA.

🔹 Flipkart

The eCommerce giant in India had a unique challenge. It was the time when India did not have a 3G or a 4G network. Six out of ten users from Flipkart used the website with a 2G network, increasing the page loading time considerably.

As progressive web applications can work even with slow connections, the company launched the PWA version known as Flipkart lite.

The PWA was very successful, and it increased the conversion rate by 70% and the engagement rate by 40%.

Well designed web applications help your business in getting a leg-up on your competitors. And this after being associated to a proficient web app development company makes more sense. But before you proceed with building a web app, you must have a clear idea about why you want to build the web app. The answers to these basic questions will help you be more precise about your requirements.

• Do you want to build an MVP or a web app that just provides some basic information about your brand?
• Will your web app become your main source of revenue in the future and hence you want to build a complex web app with a lot of features?
• You must decide the purpose that your web app will serve before proceeding. Your why will decide your next course of action, as it will answer important questions about the configuration of your web app.

There are many benefits of developing a web app which varies from industry to industry and the purpose of having one, however – a few are mentioned below.

Make your brand visible.

One of the primary goals of any business is to make it visible. For a business to gain business, more and more people should know about a company. With the help of web apps, a brand can easily make itself visible amongst its potential customers.

Customer support

By building a web application, a brand can achieve its goal of providing quality customer support to its end users. A web app with a capability of being accessible across devices makes it one of the most important point of contact for a brand with its customers.

Gain a competitive edge

In this intense and competitive environment, gaining an edge over your competitors has become essential. An aptly developed web applications can help you in achieving this goal of yours and be the difference since you just applied the technology before your competitors.

“Time is Money”, this holds true more than ever in the business world in this case.

How much does it cost to build a web app?

Now that you are clear with your ‘Why’, let’s look at the budgeting part.

The cost of developing a web app is substantially less than that of building a native app. This is because you do not require specialized app developers and it takes less time to build a web app. While depending on the complexity of the web app, the cost of developing a web app might be more or less as compared to that of developing a website.

For web application development, the cost is directly proportional to the complexity. #WebDevelopment #WebDevelopmentCost #WebDevCLICK TO TWEET

There are a lot of factors on which the cost of web app development depends upon, we’ll look at it a little later. If you need a lot of features and functionalities in your web app then the cost will increase as the web development company will need to spend more hours in developing and testing the web app. If you are on a strict deadline and want to build your app quickly, then the web app developers will charge you more, as they will need to allocate more resources on the project.

A simple web application with basic functions will cost you in-between $2000-5000 while a more complex web application like an e-commerce site can cost anything between $ 15000-40,000. Understand that this is a general ball-park range, an approximation that has been quoted keeping the value of various aspects to a minimum required level.w