The ecommerce business segment has become so successful that almost everyone prefers online shopping rather than visiting physical stores, as the sites offer a great range of products and deals which are much pleasing for the consumers. The companies which are participating in this intensely competitive market are more promising and strive to offer excellent services for their customers. The convenience factor is one of the key factors that are responsible for such a growth of the E-commerce industry.
Online shopping has become one of the ever trending factors after the emergence of online clothing stores. The fashion industry has evolved so much that online stores and the fashion industry have become inseparable. All the latest trends in the fashion industry are firstly available on the internet before it reaches the physical stores. This is now attracting the attention of the consumers, the online shopping is becoming more popular among people.
Shopee – A quite large online marketplace
There are so many online shopping websites operating across the world, and the competition has always been fierce regardless of the geographical location, no. of participants etc., The E-commerce business segment has always been welcoming new players into the market. There’s one such massive player called the Shopee. Shopee is a Singapore based MNC that primarily operates in the Ecommerce business market. It was founded in the year 2015 and now presently expanded its operations to various cities across the world like Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, and Mexico.
It began its early operations as a C2C business and later expanded to the B2C business model. So someone is looking to sell something, they can visit this application and post their selling and if someone is looking to buy something, they can visit this application too. It bridges the gap between the buyers and sellers and ensures fulfilment of the desires of both.
Some mind-blowing growth stats of the Shopee app
The growth rates of ecommerce companies are always inclining undoubtedly, the pandemic situation had worsened the functionality of such companies suddenly and subjected them to a huge loss. But immediately after the pandemic phase, this business segment bounced back with greater growth, as the normalities have changed and restrictions imposed by the governments, people started preferring online deliveries than actually visiting the stores. In Fact, the statistical data of revenue from the Shopee App is adding more intensity to the above-mentioned point. Shopee experienced a massive spike in its revenue in the year 2020 which was summed to $ 4.4 billion that was a growth of 101% from the previous year. Its gross profits were summing to $ 1.3 billion which was a growth of 123% from the previous year’s $604 million.
The stats are astonishing, the ecommerce business market might never go down again hereafter due to the capability of tacting the prevailing market conditions.
As of 2019, the platform recorded 200 million downloads. Shopee also saw gross orders jumping 92.7% to 246.3 million in Q2 2019, compared to 127.8 million a year ago. Its gross merchandise value also surged 72.7% to US$3.8bil in 2Q19 from US$2.2bil a year ago. According to iPrice’s 21 2019 e-commerce report, Shopee was the top Shopping App by Monthly Active Users, Total Downloads and Websites with the Most Visits, ahead of its competitors, Lazada and Tokopedia.
These GMV claims have also led to a backlash by Alibaba-backed competitor, Lazada. The former CEO, Max Bittner asserted that GMV numbers can be easily inflated “by subsidy schemes and history shows that GMV falls away as unhealthy subsidies are removed.”
Nonetheless, in Malaysia, Shopee became the 3rd most visited e-commerce portal in Q4 2017, replacing Lelong and “overtook Lazada to rank as the best app on both Google Play and iOS App stores.
Similarly among consumers in Indonesia, a survey conducted in December 2017 by theAsianparent revealed that “for Indonesian mothers, Shopee is a first choice shopping platform (73%), followed by Tokopedia (54%), Lazada (51%) and Instagram (50%).
GOT AN IDEA FOR SHOPEE CLONE APP DEVELOPMENT? CONSULT WITH OUR EXPERTS
There are several benefits of such ecommerce applications and some of them are mentioned down below,
• Search by category and brand
• App-exclusive offers and daily deals notifications
• Personalised product recommendations
• Customer rating and reviews
• Shopee Coins with every purchase
• Order tracking
• 100% protection with Shopee Guarantee
• Many more to come
How much does it cost to build a shoppee Clone app?
The final cost of the shopping application is influenced by such factors as:
design and app interface;
the level of complexity;
compatibility with platforms.
As you understand, it’s rather difficult to name the universal price of the app development… after all, how do we know which functionality you’re going to provide? And yet, let’s discuss and try to see, at least approximately, what budget you should have to create a shopping app.
#1. The list of features
If you want to save money, it’s best to start by creating an MVP model. It can include the following features:
Reliable payment system
#2. Location of specialists
You intend to build a shopping app, but where will you look for specialists?
Please note that developers from the US, Canada, and the UK are the most costly options. It is more reasonable to choose experts from Eastern Europe: their rates are quite moderate, and the quality of work is still high. Well, if you want more precise instructions, we would recommend that you hire Ukrainian developers.
#3. Company Size
You need a golden mean. On the one hand, it makes no sense to hire a world scale company and pay only for the famous name. On the other hand, the newly created firm cannot cope with the task at the level you need. Therefore, the ideal option is a medium-sized agency that has a good mobile development experience and employs such specialists as:
The Ecommerce business segment is one of the massively growing markets. If you ever get thought about entering this market segment, then it should be with the Shopee clone app development. Start your ecommerce business venture by launching our Shopee clone app.
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.
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