Almost everyone in the world who has Internet access would have purchased at least one product from an e-commerce platform. Online shopping platforms are getting a large number of orders from users now. This is because brick and mortar stores are shut down due to the Covid-19 pandemic. Overstock is a fast-growing e-commerce app that offers the best deals on a variety of products. Besides that, customers get lucrative coupons and discounts and also benefit from free shipping of goods.
What is Overstock?
It is a popular online shopping platform that sells thousands of products to customers. Users purchase beauty care items, bed and bath products, electronics, fashion accessories, furniture, home appliances, jewellery, kitchen items, lighting, office supplies, pet care products, and sports goods from the Overstock app.
Nonetheless, it shares real-time deals and price alerts for maximizing savings for customers. Above all, Overstock is a perfect alternative to visiting a physical supermarket or a provision store.
How has Overstock flourished in the e-commerce market in 2021?
Overstock pocketed a net revenue of $660 million in the first 3 months of 2021. It has 9.9 million active customers as of March 31, 2021. The American online retailer earned a humongous gross profit of $154 million and had a positive cash balance of $535 million.
Above all, the Overstock platform delivered a whopping 3.6 million orders in the first quarter this year. The average order value grew by an impressive 17% to reach $183. It earned an average revenue of $283 per customer. Importantly, 50.1% of the Gross Merchandise Sales (GMS) came from orders made through mobile phones.
Entrepreneurs aiming to rule the thriving e-commerce sector can team up with AppDupe for customized Overstock clone app development. Our skilled developers create user-friendly Android and iOS apps for customers and retailers. A modern web panel assures a glitch-free shopping experience for users. An advanced admin panel manages all the daily activities of customers and sellers.
What are the notable features of our Overstock Clone?
Speedy processing of payments
Customers can execute transactions quickly on our Overstock app clone. Users transfer money for their purchases through Apple Pay, credit cards, debit cards, Google Pay, net banking, PayPal, and wire transfers. Hence, retailers get their required payments on time.
Acceptance of cryptocurrencies for transactions
Our Overstack clone app allows shoppers to process transactions in popular cryptos like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Accordingly, customers transfer digital currencies securely through the ShapeShift platform.
Save your Favourites option
Shoppers can add certain products to their Favourites list and purchase them later according to their convenience. Moreover, they can split the goods into different lists.
Sharing of instant notifications
Users receive real-time push notifications about attractive deals and low price alerts on their devices. Hence, they never fail to miss lucrative offers.
Availability of 24×7 technical assistance
Customers can resolve issues concerning order processing and payment execution by contacting the in-built Help Centre. We offer round-the-clock technical support through email, live chat, and phone on the Overstock clone script.
An integrated affiliate program
Affiliate partners get commission regularly for promoting the products sold on the Overstock clone. Likewise, they have to refer the e-commerce platform to new users every two weeks.
The registered affiliates benefit from free access to real-time data feeds (.CSV and .XML formats), paid media opportunities, 24×7 multilingual technical support, weekly deals and offers. Furthermore, affiliates can view insightful reports about their performance and payments.
International Return Policy
Customers can return damaged products within 30 days after purchasing them. Shoppers will have to give back the concerned goods along with the original invoice and packing material. Consequently, users can place a new order for the same product.
New Arrivals Section
Customers can purchase recently added products easily from an app like Overstock. It includes high-end apparel, chairs, furniture sets, rugs, pillows, sandals, sofas, stationery, wooden beds, and many more.
Specifically, shoppers filter their searches based on availability, average customer reviews, brand name, features, material, period (holiday/season), price, shape, size, and styles.
Overstock easily sells off inventory by conducting Clearance Sale periodically. Several goods like bags, bracelets, garden equipment, modern antique, shoe pads, socks, tables, towels, toys, vehicular seat cover, and women’s wear are available for purchase at throwaway prices.
Ideas and Tips Section
Customers can enhance the appearance of their homes by checking the Ideas and Tips section. It contains insightful information about decoration and styling. Separate ideas are available for each room of the house (Bedroom, Dining Room, and Hall). Particularly, the tips are shared by knowledgeable home improvement experts and interior designers.
A Rating and Review System
Shoppers rate the quality of products purchased on our Overstock clone on a scale of 1-5 in the integrated feedback system. Additionally, they post comments and opinions about the professionalism of the delivery executives.
Personalized sharing of product recommendations
We share a comprehensive list of suggestions and recommendations with customers based on their interests, likes, and preferences. Artificial Intelligence (AI) is used for analyzing buying behaviour and knowing their favourite products and purchasing habits.
How does the Overstock app clone use Augmented Reality (AR) and 3D?
We assure an immersive shopping experience for customers in our Overstock clone script. Users can see 3D images of thousands of products instantly on the online platform. Nevertheless, they get a clear display of decorative items, fashion accessories, furniture, and home appliances.
Generally, the photos are of high resolution and shoppers can view them both on Android and iOS apps. We assure more confidence and trust as customers will know exactly how the appliance or equipment looks when they install or set it up in their households.
Augmented Reality (AR) helps users to preview their required products comprehensively and make the right purchasing decision. AR assists entrepreneurs to boost their brand image, enhance conversion rates, and offers a world-class in-store experience.
How entrepreneurs benefit from the business model of an app like Overstack?
You can mint money from cancellation charges, imposing a commission from retailers for each sale of a product, delivery fees, Gross Merchandise Value (GMV) for each order, publishing of strategic advertisements, registration charges from sellers, and transaction processing fees.
The majority of costs is allocated for conducting digital marketing campaigns across numerous communication channels, maintaining the mobile apps and the shopping website, paying commission to the affiliates and salaries to the delivery personnel.
Undoubtedly, Overstock is revolutionizing the American online retail industry. It is adding more users and earning hefty revenue with each passing day. Moreover, the e-commerce platform achieved record sales for furniture items and home appliances due to the Work From Home (WFH) trend forced by the Covid-19 pandemic.
Overstock’s share prices had increased by a whopping 500% since September 2019 when Jonathan E. Johnson took over as the CEO. Particularly, it will focus on aspects like automated customer support, an expanded assortment of products, and targeted promotional campaigns in 2021.
Hence, progressive entrepreneurs can make a storm in the booming American e-commerce industry. They must hire AppDupe for game-changing Overstock clone app development. We assure you of becoming the trendsetter in the online shopping world in a short time.
Become the e-commerce king by procuring our Overstock Clone Script
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
PicMix and PicYou are almost exact clones of Instagram. MyCityDeal and Wimdu are clones of Groupon and AirBnB respectively. The only thing companies can patent is methodology for achieving an action or leading to an end point. If you can figure out another way to do that, without infringing on other's IP, you totally can. We could, so we did.
Disclaimer: Appdupe neither represents nor have any control over the trademarks of ‘Uber’ and ‘Gojek’. We use the terms ‘Uber’ and ‘Gojek’ for a better understanding of our services. Our offerings intend no harm to any organization or individual.