Many entrepreneurs have queries like how much will it cost to develop eCommerce app like AJIO, important features and services to include, this article gives you the perfect solution.
A report states that the global e-commerce market is expected to reach $ 6.07 trillion by the year 2024.
The huge growth potential of e-commerce has attracted Reliance industries, one of the largest business groups in India to the industry.
Reliance forayed into e-commerce through AJIO.com a fashion-focused e-commerce platform on 1st April 2016 at the Lakme fashion week.
AJIO has proven to be a successful venture which generates a revenue of around $17 million.
The success of online fashion retailers like AJIO.com and Myntra has lured many budding entrepreneurs to the industry. A common question that puzzles these budding entrepreneurs is, how much would it cost to build an app like AJIO?
In this article, we shall have an overview of the cost of building an app like AJIO, its features, and some advanced features that one can include in an online fashion retail app like AJIO.
AJIO e-commerce app provides these services
Let’s first have a brief overview of the services that AJIO provides.
Multiple fashion options: AJIO provides fashion enthusiast with a large collection of styles and brands.
Home delivery: AJIO’s thousands of logistic partners spread across the country make sure that the buyers get their order at their home, on time.
Cash on delivery: AJIO provides its customers with multiple payment options which include cash on delivery for people who are not so confident about online shopping.
Return guarantee: AJIO allows the customers to promptly return the products if they are not satisfied with them.
Secure payment: AJIO provides various secure payment modes to their customers, making sure that the shoppers have a hassle-free experience.
Cost to develop an e-commerce app
The cost of building an app like AJIO depends upon factors like
Size of the business
The size of an e-commerce app is determined by the number of products it sells and the amount of traffic that it generates.
Small
Small e-commerce business has a limited range of products and a small customer base.
A basic app will work for a small-sized business. The cost of building a basic e-commerce app with limited features will be much smaller as compared to building a mid-size or an enterprise-level app. A small sized e-commerce app can cost anything between $300- $16000.
Midsize business
If the e-commerce app has a decent range of specialized products and an average customer base, then the business can consider building a mid-size-app. An e-commerce app for a mid-size business might need some complex features. The cost will be higher than building a basic e-commerce app. A mid-sized e-commerce app can cost between $ 16,000- $ 35,000.
Enterprise-level business
An app that has a wide range of products and a large customer base will require a solution that can provide scalability, manage a large inventory, have multiple sales channels, and can support unlimited categories. An enterprise-level e-commerce app will require enterprise resource planning(ERP) and customer relationship management systems(CRM) integration. Enterprise-level eCommerce app requires a considerable budget. The cost of developing a custom enterprise-level commerce app starts from $40,000.
Platform
The choice of platform has a huge impact on the overall cost of app an e-commerce app like AJIO.
While Android has a large user base across the globe, iOS is more popular in North America. The e-commerce app should be built according to the targeted user base.
A cost-efficient way of building an e-commerce app is to go for Cross Platform app development technologies like Flutter and React Native. A hybrid app costs half as much as a native one, as one does not need to build two separate apps for Android and iOS.
Region
The app development rates vary from region to region.
Developing an app in North America can cost around 6 to 7 times more than developing it in a country like India. The cost of development in countries like India is low because they have a large skilled workforce who is ready to work at lower rates than their western counterparts.
Features to include in an e-commerce app like AJIO
An app like AJIO can contain the below-mentioned features
Basic features
• Account registration
• Multiple payment options
• Social sign-in
• Push notifications
• Multi-currency payment options
• Featured products
• Wishlist button
• Ratings and reviews
Advanced features
Apart from the basic features, the entrepreneurs can consider to include some advanced features to ensure that their app stands out from the crowd.
Recommendation engine
Amazon is the most popular e-commerce app in the world today and a major reason for Amazon’s popularity is that it has a great product recommendation system.
The recommendation system of Amazon helped the company increase its sales by 29% and today Amazon has integrated recommendations into nearly every part of the purchase process.
The recommendation algorithms can help apps like AJIO add that personal touch which in-turn helps to boost user engagement. The algorithms also open up new cross-selling opportunities, which ultimately drive up the bottom line.
The app could show recommendations on the home screen, product pages, and even in shopping carts. The app could also send targeted emails to people who have growled certain categories of goods.
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