“Did you know Airbnb made a whopping $8.4 billion annually in 2022 and is one of the most profitable startup in vacation rental industry?”

Maybe you had an idea about the numbers! But ….But you might not know that Airbnb was started because the founders didn’t have the money to pay their rent. Strange, right? Read the full article to know the complete story.

As per the internet News Company Globe News Wire, the online travel market size is expected to grow at 14.8% CAGR, i.e., $1835.6 Billion by 2030. The pioneer in the space is Airbnb which covers 20% market share in the vacation rental space.

Now you also want to build an app like Airbnb to create an impact but how do you do that? Honestly, developing a website like Airbnb requires in-hand experience with varied programming languages and frameworks, which might not be possible for everyone. A better way is to look for professional website development companies with relevant experience, a good team, and robust customer support. How to find such companies? The answer is this article which covers all the queries related to how to develop an app like Airbnb and related topics.

What is Airbnb?

Airbnb is a travel vacation Rental Company based in the USA that allows property owners to rent out their spaces to other people. The company operates as a marketplace for hotels, private properties, & homestays, and guests can book rooms, spaces, entire villas, and cottages at an affordable price.

The company is valued at over $100 billion and has over 14000 employees worldwide. With more than 5.6 Million listings in over 100,000+ cities globally, the company has served 300 million guests since 2008.

Airbnb Statistics

• Airbnb currently has about 5.6 Million listings and 4 million hosts.
• 6 guests book an Airbnb every second on average.
• One guest typically stays for 4.3 nights in an Airbnb
• The platform has booked over 1 billion stays till now

The Airbnb Story – From $80 Rent to $100 Billion Valuation

Renting The Air Mattresses: Airbnb started as a simple idea in 2007 in San Francisco when two guys, Joe Gebbia & Brian Chesky, couldn’t pay their rent. The duo came out with an interesting idea to rent out their living room with 3 air mattresses along with breakfast for their guests. They made a simple blog website with a map called airbedandbreakfast.com, and their first guests were 2 men & a woman paying $80 each.

Launching the Site: Once the guests left the place, the founders gave thought to the idea and brought their ex-roommate, Nathan, as a co-founder to build their site and launched it in SXSW, getting them just two bookings initially.

Funding: In 2009, the company got its first funding of $20,000 from Y Combinator. However, the company was still making $200 a week and not growing much. One of the reasons they found was photos of the properties were not nice, and they took photos themselves.

The Growth: One week later, the company started growing, making $400 weekly. The turning point came when a famous drummer rented an entire house. Then Airbnb raised $600,000 in a seed round from sequoia capital; in 2010, the company rose $7.2M, and in 2011, the company raised $112M from several investors, including Ashton Kutcher, and the rest is history!!

Key Components of Airbnb’s Business Model

Key Partners: Airbnb’s key partners are their stakeholders, hosts, properties, travel managers, investors, photographers, hosting providers, corporate travel partners, experience providers, guests, and more.

Key Activities: The core activities for a company like Airbnb are sales & marketing, customer service, management, platform, app, and website development, and ensuring trust & safety to guests. It is essential to develop a smooth platform for the best user experience, and the best way to do this if you are not tech-savvy is to hire mobile app developers with relevant experience.

Value Propositions: Value propositions for Airbnb vary for different parties. For hosts & hotels, it is income generation, ease of listing, & booking system. For guests, low cost, unique & varied location options.

Revenue Streams: Airbnb earns its revenue by charging service fees per transaction from guests, commission charges from hosts, experience providers, & hotels.

Key Resources: Airbnb or any company’s core key resource is its employees. Some other crucial resources are platforms, mobile apps, patents, & brands.

Cost Structure: Key costs for an app like Airbnb are infrastructure, customer support, PR & marketing, legalities, payrolls, cost of acquiring resources, and payment processing charges.

Mind Blowing Fact – Airbnb is present in 97.95% of the world covering every country on earth except the North Korea, Iran, Sudan, & Syria.

How Does Airbnb Work?

Airbnb works majorly for two users, guests & hosts. The platform connects travelers with hosts who want to rent their homes, apartments, or rooms. Here’s a basic idea about how the platform works for different parties to help you build apps like Airbnb:

How does an App like Airbnb work for Hosts?

Step 1 – Registration: Hosts register themselves on the Airbnb platform to create their profile. The registration process includes providing a phone number, an email ID, and interests & hobbies. If you are an existing user, simply log in onto the app. The platform will also verify your identity through phone & email verification before your property listing goes live.

Step 2 – Listing the Property: Hosts can list their properties for rentals on Airbnb by providing details about the property, such as facilities, number of bedrooms, number of washrooms, accommodation type, etc. Hosts can also set their own prices and availability dates.

Step 3 – Bookings: Once your property listing is live, guests can book the place. Hosts have the option to accept or reject the bookings. Note that hosts receive their payments 24 hours after the guest checks in. Airbnb holds the payment for 24 hours to ensure guests’ stay quality.

Step 4 – Communication: Hosts can solve any guest concerns, answer their questions, or communicate with them through the platform website or app.

Step 5 – Check-in: On the day of guest check-in, the host has to provide them with property access or instructions for self-check-in. Generally, hosts meet the guests in person and greet them on the day of check-in.

Step 6 – Payment: Airbnb releases the payment to the host 24 hours after the guest checks in to ensure the quality of the stay for a guest. Hosts can withdraw their balance or keep that in their Airbnb account for future bookings.

Hosts Fact – Did you know more than 55% of Airbnb hosts are women and has earned over $600 million.

How does an App like Airbnb work for Guests?

Step 1 – Sign Up: Go to the Airbnb website or app to create your profile using your email address, phone number, or social media account. If you are an existing user, simply log in. Once logged in, you must complete your Airbnb profile by providing basic information such as name, profile picture, ID card, and other details.

Step 2 – Search for a Place: Once the profile is completed, you can search for a place to book. There are several filters to use in the app, such as price range, location, accommodation type, etc. Users can view photos, shortlist places, and even read reviews before booking a place.

Step 3 – Booking: Once a place is finalized, the user can submit a booking request to the host. Your request will be accepted or rejected within 24 hours, and you will get a push notification or SMS for the same.

Step 4 – Payment: Once accepted, the user has to pay for the stay. You can pay through cards, net banking, and other online payment methods. The platform holds the payment for 24 hours to ensure the quality of the stay.

Step 5 – Accommodation: Once the payment is made, the user has to arrive at the property and check-in. One can contact Airbnb customer service or the host in case of any inconvenience.

Guest Facts – A big portion of Airbnb guests age between 25 & 45.

Top Rivals of the Airbnb Vacation Rental App

Booking.com

Booking.com is one of the prominent rivals of the popular vacation rental app Airbnb. Unlike Airbnb, which only lists homes & apartments, Booking.com lists homes, hotels, apartments, and motels, in over 100,000 locations worldwide. The company is a pioneer in the space and was founded in 1996 and currently has more than 28M listings.

CouchSurfing

CouchSurfing also offers services like Airbnb and does exactly what the name says. The platform allows users to explore the city with a local man and stay at their place for some charge. While this might sound a little dangerous and unsafe to some people, some consider it as an experience. However, CouchSurfingalso facilitates authentication through the app to ensure the legitimacy of the host.

Oyo Rooms

Oyo is one of the largest and best hotel booking apps, which was started by Ritesh Agarwal in 2013. Initially, the company was only in hotel booking, but with time, it has ventured into other niches, including renting private rooms, just like Airbnb.

Flipkey

Flipkeywebsite is another home rental marketplace with some noteworthy features, like instant booking system, search & filter options, hassle-free & secure payment, listed user’s information, and property information. The platform also has over 300,000 rental holidays listed.

HomeStay

Homestay platform is a marketplace & allows the guests to stay with the host in their houses and is a major competitor for Airbnb type apps. The feature has its own benefits and disadvantages, some people like it, some don’t; but the platform aims to provide the user with a local city experience.

Revenue Model for Apps like Airbnb

Airbnb earns revenue through 2 fee structures for stay – a host-only fee and a split fee. Airbnb charges the fee to run smoothly, cover operations costs, and provide 24/7 customer service.

1. Split Fee Structure: The charge is split between the guest and host.

Host Fee: Airbnb charges a flat 3% charge from Hosts on the booking total and is charged from the payout.

Guest Fee Structure: Airbnb charges up to 14.2% fee from guests of the total booking subtotal. The charge depends upon several factors.

2. Host-Only Fee Structure: In this model, Airbnb charges the entire charge from the host/hotel and typically ranges between 14-16%. Note that charges for longer terms might be less.

Key Features of Vacation Rental Apps like Airbnb

An app like Airbnb has three major users in the system, i.e., host, guest, and admin.

Features for Host Panel

1. Listing: A non-negotiable feature for a host of the property will be an easy-to-use listing feature. The feature should have options to upload good-quality pictures and update essential information about the property, location, language, and number of guests they would be able to accommodate.

2.Rating: Ratings and reviews should be displayed on the guests’ host profile or property listing.

3.Profile Creation: Another essential feature will be the log-in/Signup feature for the property’s host. They can update their information, such as phone number, email address, profile picture, etc.

4. Payment: A payment panel will be helpful for the host to view transaction history, receive payments, update their bank details, etc.

5. Booking Panel: A panel to manage booking requests is also essential for the host. They can accept or decline a booking request or view the guest information to make a better arrangement for them.

Guest Panel Features

1. Account Creation: Airbnb provides its user with a profile creation feature for its guests. Users can log in/sign up to their account using their social media handles or email Ids. The feature lets users update their profile picture, phone number, address, etc.

2. Filters: This feature is useful for finding the best-suited property for the user. Filters like location, accommodation type, number of rooms, washrooms, etc., are some basic filters.

3.Messaging: This feature allows the guest and host to communicate with each other. This can be used to get some more information about the property or solve any query.

4. Notifications: This is another essential feature that helps guests to be updated about their bookings, news, and instant alerts from the hosts/property.

5. Rating: This allows guests to rate their experience at the property or with the host.

Admin Panel Features

1. Dashboard: The dashboard is the primary feature of an Airbnb app admin panel. It allows them to manage their bookings, update the information, check analytics and reports, and facilitate amenities for guests.

2. Promotions: This allows the admin to promote their property or run coupons for their users to boost their sales. Promoted properties receive more visibility than an ordinary listing.

3. Reporting & Analytics: This feature allows the admin to track their listing and take the necessary actions. It includes the number of views, clicks, ad spent amount, number of bookings made, etc.

Advance Features for Superior User Experience

Voice Search: This feature will allow the user to search with a voice assistant. It is a hand-free help to the user for searching for a place to stay.

Weather Forecast: You can also have the weather forecast feature in apps like Airbnb. This will help both the guest and the host, the host can make the necessary arrangements, and the guest can plan their accommodation accordingly.

Currency Converter: This feature will help the users who are booking a stay out of their countries.

In-app calls: This feature shall facilitate smooth communication between the host and the guest. The guest can resolve their queries with the host or mention any special requirement, and the host can also confirm the guest’s booking.

Apart from these 4 points, there can be several other advance features one can include in an app like Airbnb, such as:

• Language Assistance
• Location Navigator
• Loyalty Programs
• CMS Integrations
• Advanced Analytics
• In-app Documents Management
• Third-Party Integration Services

Steps to Make an App like Airbnb

1. Identify the Market: The first step before you go for developing the platform is identifying and understanding your target audience. It is also important to document the idea & brainstorm to understand the market. You need to analyze the demographics, your USP, audience interest, and more.

2. List Down Features: The second step is to jot down the core and additional app features. You might need to come up with some unique features that will offer you an advantage over others.

3. Choose A Platform: The next step is to choose the appropriate development platform that best lines up with your objective. You need to decide whether you need a mobile app, web app, or while you need it for iOS or android, or both. Make sure to choose the best tech stack for website and hire the best mobile app developers for your application.

4. Choose a Solution Type: You need to select whether you want to get a custom development platform or a ready-made solution can work for you. Both of them have their pros and cons; while a custom development solution is user oriented and can offer more features, a readymade solution is cost effective and less time consuming.

5. Front End Development: Once you have chosen a solution type, the next step is to get your front end application design done from professional developers. The app’s interface should be user friendly, easy to navigate, and attractive. Airbnb’s front end is built on React and to have a robust UI/UX, you also need to look for some react native app development companies.

6. Backend Development: Once the app’s design is ready, it is time to get the features and application backend done by a good mobile app backend development company. Developers use different frameworks and choose the best tech stack for website that integrates better features & benefits on the platform.

7. Testing: Once the backend & frontend of the platform is done, it is time to test the app. It is essential to find & fix programming bugs and ensure smooth working before launching it.

8. Launching the App: Once the mobile app backend development is done, the platform is now ready to be launched for the public on several application platforms like Playstore & App store. Make a launching strategy and plan it accordingly to ensure the app success.

9. Updates & Monitoring: Your work is not finished after launching the app. The platform needs regular updates, bug fixes, and monitoring to ensure smooth running. Customer feedback helps in getting the usability tested.

What Tech Stack is Required to Develop an App like Airbnb?

This was the Airbnb tech stack, and if anybody wants a website similar to Airbnb, one can choose the best tech stack for website as per his requirement. You can consider some good Ruby on Rails development companies to build an app like Airbnb.

How Much Does It Cost to Develop an App Like Airbnb?

The Airbnb app development cost depends upon several factors, including the features & functionality you need, the technology stack chosen, the price of the Development Company, etc. Below are some of the most important factors to help you understand Airbnb mobile app development cost breakdown:

1. Team Size
2. Backend Complexity
3. UI/UX Design
4. Location of the Development Company
5. Technology Stack Chosen

The Airbnb startup cost difference between in-house vs. outsourced developers is significant, and the rational way is to look for some good Android app development companies. Considering all the factors, the cost to develop another app like Airbnb shall be $20,000 – $30,000 if you go for a single platform with basic features. Furthermore, to build an app like Airbnb for iOS & Android, both with advanced features, can go up to $50,000 – $70,000.

Final Words

Airbnb has proved to be a successful business model and many startups have followed the platform’s path. Developing an App like Airbnb is a challenging and time-consuming task, but at the same time, it can prove to be fruitful. One also needs to make sure to offer features & functionalities above Airbnb to make a position in the market. A better way is to consider some good Ruby on Rails development companies offering affordable solutions. Here is a list of top mobile app development companies in India that have been in the industry for years, have a good team, and offer robust services.

The post How to Develop Apps like Airbnb: A Complete Guide appeared first on Top ITFirms - Result of In-depth Research & Analysis.

“Want to develop a payday loan app like Dave? Here is a complete guide on how to develop an app like Dave.”

An instant cash app like Dave makes it possible for you to take out a small loan from your next paycheck before you receive it. It has proved particularly useful when you have an urgent need for cash, preventing expensive overdraft fees.

A Motley Fool report says that there are over 11 million users of the Dave app. The growing user base of the Dave app perfectly demonstrates the demand for peer-to-peer money lending apps.

The success of an app like Dave is an inspiration for aspiring entrepreneurs and many of them want to replicate it by developing an app similar to Dave.

If you are also inspired by the success of Dave, then this blog is meant for you. Here in this blog, you will have all the information you need to turn your Dave app development vision into reality.

Let’s start with the basics first.

What is a Dave App?

By far the most common use of the Dave app is to provide users advance cash from their paycheck before they receive it in order to cover unexpected expenses such as car repairs, gas bills, medical expenses, etc.

The most common benefit of the Dave app is that it doesn’t ask for interest against the amount borrowed. Rather than interest, the app makes money from its monthly subscription fee.
The repayment policies of the Dave app also keep users first. The users can set the repayment according to the date of the paycheck. If the salary gets delayed, no worries, Dave will make sure that you have enough funds in your bank account before making any deductions to your bank to prevent you from being charged an overdraft fee.

Also, Dave won’t charge any late fee but put all your next request advance cash on hold until you clear the previous debt.

How does the Payday Loan App Like Dave Work?

Dave makes the process of browning the loan from the application a lot simpler. Users need to install the application on their smartphones. Sign in on the application by providing the bank account details. After the successful verification of the details submitted, the user will be able to borrow the amount decided by the application up to $100 per pay period. While withdrawing the loan amount, the users need to pay the subscription fee which is $1 per month.

After the successful disbursement, the user needs to set the repayment date. The users have the option to choose auto-debit or they can set up for manual payback. The users can also decide how much they would like to tip money to Dave app developers.

Why Should You Consider Developing an Instant Cash App Like Dave?

In the wake of the feature of apps like Dave, it might seem profitable to develop an app similar to Dave. In spite of this, it is worth it to gain practical knowledge about your thoughts since it requires a large amount of investment, time, and resources.

Growing Popularity of the Payday Loan App Like Dave Among Millennials and Gen Z

The youth population is more inclined towards the loan day apps. According to an estimation around ⅓ of the young population has student loans. This is the reason why they see the payday loan app as an easy way to get an instant loan to pay their EMI which falls before their paycheck.

According to a report published by Citizen’s Advice 4 out of 10 young people have ever used payday loan applications.

Progressive Market for Payday loan Applications

According to Allied Market Research, the global market for payday loan apps like Dave was valued at $32.48 billion in 2020. During the financial year 2021-2030, the market is expected to grow at a CAGR of 4.2% resulting in a value of $48.68 billion.

Features to Include in Cash Advance App like Dave

1. Registration and Profile Verification

If someone wants to request and receive a payday loan, that is going to be a very effort-taking and time-consuming process. However, your first move should be to jump to sign-up on the application. It connects the user’s account to the app account in order to process the loan. If anyone needs money through the money lending app, then the user has to verify his account on the application during registration.

2. On-Demand Funding

On-Demand means needing the service immediately. When someone needs money to lend but cannot acquire it due to the long procedures by the time; it is a very bad turn-off time for them. Here comes the cash lending apps; where the applications will fund the users immediately in the shortest duration possible. Within just a few simple taps, the users can request money lending and get that instantly.

3. Options for Repayment

People can follow repayment alternatives. It means that whenever the user’s account is credited with any paycheck; the loan amount will be automatically deducted from the deposited amount in the user’s account. It becomes easier for the user also to repay their loan amount, and track their repayments as well.

Also, the users have an option in cash lending apps; is to repay the loan amount sooner than required. If you want to close the lent amount sooner; the users can do that. On the other hand, if the user wants some extra time to pay the amount; then he can raise the invoice to the cash lending app to resolve the problem.

4. Quick Notification

Is your application capable of predicting loan amounts? Is it necessary to warn your users of an impending debt payment? Do you want to warn someone about upcoming expenses? Do you want to learn more about money lending applications?

Have you added a new service to your business? Consumers can acquire all of the necessary information by using the mobile app’s fast alerts. You can also send your consumers real-time notifications if they spend more money than they should.

5. Cards (frozen or unfrozen)

What if one of your customers lost their debit card? Or did you lose it? Or maybe you changed it? In such instances, your company should be able to let customers freeze their old cards and apply for new ones.

This shows that you care about your customers, which increases client happiness. Similarly, if a customer wants to unfreeze one of their frozen cards, the money-lending mobile app should be able to reuse it; otherwise, you risk losing the customer.

6. Loan Calculator

Another distinguishing element of money lending software that you should not neglect is a loan calculator. When the money lending application gives consumers a rough estimate of the amount owed after interest, this function becomes valid.

This encourages people to make more informed decisions. When your company is fully reliant on a long-term loan, this feature appears to be a blessing. It saves you and your team the time and effort required to calculate the loan amount.

7. Grant Tipping (Optional)

There is a voluntary tipping function in your application, in which the application offers a free money loan or very low charges like a $1 monthly membership fee.

8. Credit Score Improvement

Are customers spending more than they can afford to repay? Such situations can be handled using credit score-increasing software. It allows the program to track users’ real-time rent payments and report them to credit bureaus.

Furthermore, they will increase their credit ratings, providing them an advantage in credit-building. Your organization will know how much money it can give in this method.

Keep in mind that the availability of these services differs amongst cash advance apps. Users should undertake considerable research and comparisons before deciding on the app that best meets their specific financial needs and preferences. Furthermore, it is crucial to understand the terms, fees, and privacy policies before utilizing any cash advance app.

How does an App Like Dave make money?

At the end of the day, the ultimate goal of the development of a money app like Dave is to generate revenue. Dave app makes revenue from multiple sources. The following is a quick overview of the business model of apps like Dave:

1. Membership Fee

The major source of revenue for the Dave app is its membership fee. The app charges a $1 membership fee per month from each of its users.

2. Tips from Users

Tips from users are another major source of revenue for the Dave app. Whenever a user borrows money from the app, the app promotes them to pay a tip. The Dave app never forces its users to pay a tip.

3. Interchange Fee

In addition to being an advanced cash app, Dave also offers its users debit cards issued by Mastercard. Whenever the card is used on any platform, Dave receives an interchange fee.

4. Interest on Cash

The amount left unused in the user’s account landed to the institutions on a certain percentage of interest. This is also a good source of revenue for Dave.

Business Model

By all means, the final outcome has to be making money. There is, however, a distinction between earning money by vacating the opposite pocket and earning money by becoming nice with the same pocket. Dave is a very cost-effective program that assists you financially in times of need without penalizing you with interest or costly fees. Without a question, Dave is profitable, which is why it has been in the market for more than a half-decade. However, Dave’s business model is more focused on helping the users and making them feel valued for the money they spend on the service.

1. Membership Fees

Dave makes money by charging $1 on a monthly basis through membership fees. This is a subscription-like fee, which allows Dave to cover its operational and invested fees for the product. This membership charge will be deducted automatically from your bank account. Compared to other fintech start-ups, charging membership and subscription fees is fair among others.

2. Donations

There is another way by which Dave makes money, which is ‘Donations.’ Users can willingly pay the tip to the company whenever they borrow it. Dave plays behavioral psychology, which entices the users to pay a tip. The application plants a partnership with “Trees for the Future.” This way it encourages the users to pay tips.

3. Interchange Fees

There is one Mastercard Debit offered by Dave, which allows to bring good interchange fees to the platform. This fee is basically the percentage of purchase amount, which is paid by the merchant when they receive payment.

4. Internet on Cash

The software lends money from the user’s account to other institutions like banks and professional organizations. Dave charges these institutions 3.35% interest on money lent, which is a valuable source to generate higher revenue for cash advance apps like Dave.

5. Referral Fees

This feature also called “Side Hustle”, which was introduced by Dave became a significant source to generate revenue for the company. It is a type of online marketplace, where the users attract to work in gigs for jobs. The Dave partners offer gig jobs, because of which they have to pay commission or referral fees to Dave whenever the app gets a new worker to work through the application.

Tech Stacks

How Can You Make Your Dream of Developing a Money App Like Dave a Reality?

The following steps will help you to make your dream of developing a money lending app like Dave a reality:

Set the Primary Goals for the Development of Advance Money Lending App

Start with the basics. Having the mobile app idea is one thing but making it a reality requires a lot of things to be taken care of. The very first thing you have to do is set the primary goal for your money lending. Having a clear picture of your idea will help you decide on the feature that you can build with your app. The best practice is to offer something unique with your mobile app idea instead of creating another copy of Dave money lending app.

Register Your Business

It is mandatory in almost all countries for financial mobile applications to register themselves to the government. There are some guidelines suggested by financial bodies, your app must need to comply with them to ensure its legitimacy.

Choose the Reliable App Development Company

Putting great plans into action requires a great team. The same thing goes with the Dave app development. You need to hire a reliable app development company with previous experience in developing finance-related mobile applications. Also, put the client reviews on the top priority while choosing among all the options of app development companies available to you.

Design and Develop the App

This is the step that requires utmost attention. Make sure all your design and development goals are successfully interpreted by the development company. Keep yourself in the loop with the development process to make sure all your development goals are successfully interpreted into reality.

Testing and Launch

This is the last step in your journey of advanced money lending app development like Dave. Upon the development, test your app on multiple parameters to confirm that it strongly adheres to the needs of users and delivers a flawless experience to them. Once the quality of the mobile app is confirmed, the next step is to launch it.

What will be the Cost of Developing an App like Dave?

Estimating the cost for any kind of mobile app development is not feasible. In the case of the Dave-like app development cost, it depends on the complexity, features, tech stack, team structure, and so on. The essential factor that determines the cost is the location of the app development company you opt to work with.

The effective way to get an estimation of the payday loan app like Dave development is consulting with an app development company. Share your development goals with them and they will provide you with the estimated cost of development that you need to bear.

Final Take

The success of the instant cash app like Dave is not a hidden secret after reading this blog. The demand for payday loan applications is constantly raising and creating a new revenue stream for fintech startups.

If you also want to set your footsteps in the fintech sector, then an app like Dave is the best option for you. All you have to do is walk through the ITfirms list of top application development companies and pick the one that aligns with your development goals.

Frequently Asked Questions

What are the alternatives to the Dave app?

• Brigit
• Earnin
• MoneyLion
• Branch
• Even
• Empower

Where Can I Find a Reliable Mobile App Development Company?

The selection of the mobile app development company is going to put a direct impact on the success of your application. You can consider checking out ITfirm’s list of the top app development companies to choose the best one for your project.

The post How to Develop an App Like Dave? Features, Business Model, Cost, and so on appeared first on Top ITFirms - Result of In-depth Research & Analysis.

“Solopreneurs will rise because freelancers will become commodities to utilize.” ― Richie Norton

The quote by bestselling author and serial entrepreneur, Richie Norton, perfectly describes the reason for massive popularity of freelancing marketplaces nowadays.

People prefer to choose to freelance over conventional working models due to the flexibility and work-life balance it offers.

Notably, employers are also leveraging the model and hiring freelancers when required to get the work done. For reference, one of the tech giants, Google’s, workforce constitutes 54% freelancers over only 46% full-time employees.

Therefore, developing a similar marketplace can be a profitable solution to match the existing demand. Now the next question…! How to build a freelancer marketplace? Read the complete article thoroughly to know.

What is a Freelancing Marketplace?

A freelancing marketplace is a platform to connect employers and individual specialists for long-term & short-term projects without any commitment to employment. The platform acts as an intermediary between the parties and ensures work quality, payment, and convenience for the tasks assigned. Some popular freelancing sites are Upwork, Fiverr, Toptal, Freelancer.com, and 99designs.com.

Freelancer Marketplace Stats – Important Numbers

• More than 1.57 billion people out of the global workforce do freelancing
• Approximately 70% of freelancers are less than 35 years old.
• The average freelancer earns $21/hour
• The freelancing market is valued at more than $3.39 billion now.
• Upwork’s revenue has also increased by 4 times from 2016 to 2022, crossing the $600M per annum mark.
• Google has more freelancers hired than full-time employees.

Image Source: explodingtopics.com

How do Freelancer Marketplaces like Upwork Work?

Freelancing marketplaces are intermediaries between a client and an individual looking for work. Generally, it starts with a client posting a requirement or a project to be done with the required details and waits for the candidates to apply. Once posted, candidates apply for the job, with a quote and the time required for getting the project done, along with his/her profile.

For freelancers, their task is to find relevant jobs, apply to them, and, once assigned, complete them within the set time. To grow or rank higher in the marketplace, freelancers need to get good reviews, improve their skills, experience, and do well on projects.

Revenue of Freelancer Marketplace Upwork – Year-by-Year

Top 5 Features of a Freelancer Marketplace

1. Registration: A freelancing platform must have a user-friendly profile creation or registration button for all the parties involved, i.e., freelancers, clients, and agencies. A good option is to give social media log-in button for fast & easy execution. One can collect crucial information like past experience, skills, portfolio, and photos on this step only or can also simultaneously give a skip button. To avoid scams and fake profile creation, verify the identity of the freelancer & recruiters through a valid ID.

2. Job Listing: It is one of the core features of a freelancer marketplace and allows recruiters to post assignments and jobs for freelancers. You can mention the length of the project, the skills required in a freelancer, the gist of the task, and describe the company/project in this section.

3. Review & Rating: Another core feature of an app like Upwork is its review & rating system. Recruiters and freelancers both have the option to rate each other and share their experiences on the platform. This helps in getting future projects & building trust and authority over others. Notably, it is wise to keep the features open for parties involved in the project only to avoid spam or reviews from unknown sources.

4. Secure Payment System: A smooth and secure payment system is essential for any freelancing marketplace to run. A good freelancer marketplace has multiple payment options like debit/credit cards, Net Banking, IMPS, PayPal, etc.

5. Advance Search Options: A freelancer marketplace app like Upwork provides advanced search & filter options to freelancers and clients. Freelancers have the option to filter their results as per budget, location, keyword, and specific skills; and can also sort the results by time, project size, project cost, or recommended as per past data.

Advance Features of a Freelancer Platform

1. Time Tracking Tool: You can add a time tracking or project management tool and create transparency among clients & freelancers on tasks assigned. A time-logging feature is the perfect solution to keep track of hourly tasks.

2. Communication Tools: Existing freelancing platforms do have communication tools for freelancers and recruiters, but they come with limited features and are difficult to use. Adding a user-friendly tool that lets both parties share files, share screens, text each other, and do video/voice calls for better understanding.

3. Translation: Another good feature to add to your freelancer marketplace is the live translation on the chat feature. This will allow non-English speakers to access the platform also and will be easy to use for a mass population.

4. Dispute Resolution Button: Freelancing is an agreement between two parties, and conflict in the agreement is common. Many freelancers complain of not being paid, while many recruiters also have complaints about receiving the quality of work they were expecting. A dispute resolution button on the chat/project management dashboard will help resolve issues faster for both parties.

5. AI/ML Match: Existing freelancing platforms work on already set algorithms to match freelancers and recruiters. However, these algorithms are complex and match unqualified candidates also. One can offer a better version using AI/ML technology by understanding clients’ requirements; analyze their search queries, past behavior, and past preferences. AI can also take into consideration the freelancers’ hourly rate, time zone, reviews, and portfolios to match them with the right recruiters.

Fact: One of the leading freelancing platforms, Upwork, has over 10 million active freelancers and 1 million active clients.

Image Source: code-care.com

Types of Freelancing Marketplaces

1. Global Marketplace: Global freelancing marketplaces work over and above a particular area, and freelancers from around the world can join the platform. Some top examples of global marketplaces are Fiverr, Upwork, and Behance.

2. Local Marketplace: Many freelancing sites only work for a particular city or country and don’t serve people outside that area. One prime example is Salita, which works for translators in Norway only.

3. Niche Marketplace: Many sites focus solely on a particular niche and help people find specialists in a particular field. This type of marketplace helps build a community of experts from the same industry who can learn from each other’s projects, take inspiration, or learn trends. Some prime examples of this type are 99designs for designers and Toptal for IT professionals.

4. General Marketplace: If you want to build a freelancer marketplace open for people from different professions & skills, then consider a general marketplace. For example, freelancer.com and Fiverr are general marketplaces and are open to everyone.

5. Long-Term Projects Platforms: Apps like Upwork are the freelancing platforms that focus more on long-term, large assignments with a good budget size. These are the most versatile sites, i.e., they carry a variety of job types and different payment types.

6. Short-Term Projects Platforms: Apps like Fiverr are short-term project platforms focusing on specific small tasks such as content writing, copywriting, designing, or video editing. These sites are designed for low-budget clients focusing more on employers through affordable price freelancers.

Fun Fact: The top 30% freelancers make more than $75000/year.

Business Model of Freelancer marketplaces like Upwork

1. Flat Fee: One can charge a flat fee or a fixed percentage on each transaction, as freelancing platforms like Upwork does. Fees can be charged from both parties, i.e., the buyer and the seller, on completing the task/project. Notably, this is one of the most popular revenue-earning models for these platforms.

2. Sponsored Listings: Another popular monetization strategy is charging freelancers or recruiters to appear their listings on top. Everyone wants their post to be on the top and is ready to pay for it.

3. Initial Deposit: You can mandate an initial deposit for recruiters or freelancers, fully or partially refundable. Websites like Toptal use this model and charge a $500 deposit from all the recruiters to get started, but it is fully refundable at the time of account closing.

4. Freemium: This model is also quite popular among platforms and allows the user to navigate through the app’s core features for free. However, the platform charges for the additional/premium features, which facilitate some advantages over free users. Freelancing platforms Upwork & Freelancer.com have a free as well as a premium model for users.

5. Subscription Model: This strategy charges a fixed subscription fee in exchange for the service. For example, Upwork also has a subscription model for corporate and agency accounts, which starts from $49.99/month and goes up to $999 per month.

6. Combination Model: You can also use a combination of monetization strategies for your platform, as most freelancing sites do. For example, you can charge subscriptions from corporate/recruiters and can offer a Freemium model to freelancers to boost your revenue.

Fact: More than 70 million Americans are freelancing currently, and the number is expected to grow to 90 million by 2028 for the USA alone.

How to Build a Freelancer Marketplace? – Step-by-Step Guide

1. Research: First thing before you start to build a freelancer marketplace is to do your research correctly. Study competitors & understand the audience, market, and business model properly. There is already a lot of competition in the freelancing market, and to make your website stand out, find & correct your competitors’ omissions. Make sure to have your target audience set in mind and give them strong reasons to join a new platform. For example, websites like Toptal only target IT professionals and have their audience set.

2. Select a Business Model: the next step is to prepare revenue earning strategy for the platform. You have several options to choose from, like Freemium, subscription, flat fee, or a combination strategy. Selecting a business model in advance is significant because it influences your audience, customer journey, and the platform’s interface.

3. List the Functionalities: The next step is to determine the required functionalities of your freelancer marketplace. Identify all the core & additional features you will be offering to your users over your competitors to stand out. You might not need to prepare a detailed description of the features, but listing them down is crucial. Notably, it is important to have some additional features over competitors to attract customers.

4. Hire a Team: once you’re done with all the research and identified all the functionalities, it is time to get your platform developed. If you don’t have a team of developers already, you need to get it done either using a ready-made template (available on WordPress or other CMSs) or hiring web developers. Both options have their pros, such as using a template is cost-efficient, while hiring top web development companies will get you a platform with additional features.

5. Website Design: Once you have hired a team for your project, it is time to get your front end developed. It is the design of the platform and has a great influence on user conversion and retention. The UI/UX of the site is developed generally using React.js and includes stages like analysis, wireframing, design, etc.

6. Backend Development: The next step for developers is to start coding and prepare the backend of the site. This also includes developing all the functionalities for your site. The site can be developed using many programming languages, but the recommended ones are Grape & Rails API for developing storefronts for the market, PostgreSQL for database management, AWS for cloud, and Redis serves as a message, database, and cache broker.

7. Testing & Deployment: Once the design and the backend coding are done, it is time to get the website tested. Testing is essential to ensure smooth site navigation and find bugs to fix. The next step will be to buy the domain & hosting and deploy the site for launch.

8. Launch & Maintenance: The last step is to launch the site for the general public to use. It is essential to take feedback from the users frequently to keep the site updated for them.

Top Web Development Companies to Build a Freelancer Marketplace

Konstant Infosolutions

Konstant Infosolutions is a top web & mobile app development company offering its services to global clients for 20+ years now. The company has a massive team of 200+ experience developers and is a top-rated firm on many research sites, such as Clutch, GoodFirms, Business of Apps, ITfirms, and many more.

Magneto IT Solutions

Started in 2009, Magneto IT Solutions is another top software development company that offers services like website design, development, eCommerce, and support & maintenance. The company employs over 80+ professionals and has offices in India, the USA, and Bahrain.

Django Stars

Established in 2002, Armada Labs has been delivering global technological and development services to clients. The company has expertise in Fintech startups and has over 220+ FTE fintech experts on the team. The company has two offices, one in Poland and another in the USA, with top clients like Koalafi, QuickFee, Till Payments, etc.

How much does it Cost to Build a Freelancer Marketplace like Upwork?

The cost to build a freelancer marketplace depends upon several factors, including the platform complexity, business model, Development Company you choose, and many more. Out of all the factors, features and the development company play a significant role and will cover a major part of the cost. Just for reference, developers in US/UK charge $100-$200/hour, while top mobile app development companies in India charge $20-50/hour for the same work. Considering all the factors, the cost to build a freelancer marketplace will cost you approximately $70,000-$90,000.

Interesting Note: Graphic designing, computer programming, and web designing are the most paying freelance jobs.

Conclusion

So, this was the comprehensive guide to build a freelancer marketplace like Upwork. Note that the development of a freelancing marketplace requires some serious work and additional unique features over existing players to make a place in the market. It requires market research, industry knowledge, UI/UX designing, coding, and choosing a suitable business model. If you are not an expert in it, then consider some top web development companies to seek professional help from them.

Frequently Asked Questions – Build A Freelancer Marketplace

How Does Upwork Work?

Upwork is a freelancing platform that facilitates employers or clients to outsource their work to individual experts. A client posts a project and receives a number of applications from freelancers, giving him the choice of hiring a good candidate at an affordable cost.

What Percentage Upwork does Take?

Upwork charges a flat 10% fee from freelancers on each project and 5% from clients if the project is worth less than $500.

What are some top features of Upwork Alternatives?

Some top features for a freelancer marketplace like Upwork are registration, a bidding system, an advanced search & filter option, communication tools, and project management tools.

How Much Time Will Take To Create a Freelancer Marketplace from Scratch?

It is a complex task to build a freelancer marketplace and requires a lot of time. The exact time can’t be determined without knowing the complexity and features required, but it takes approximately 1600-3000 hours (depending upon the app) to develop an app like Upwork.

The post How to Build a Freelancer Marketplace? – A Comprehensive Guide appeared first on Top ITFirms - Result of In-depth Research & Analysis.

Did you know? – More than 70% of users that take the cash advance apps service at least once a month.

What does this prove – The regular need and demand for short term financial aid among people. Surprised? Be ready for another blow…!

In 2021, there were 7.5 million cash advance apps in the USA and the number has reached approximately 12 million in 2023.

These numbers prove the massive popularity of Cash Advance apps among people, especially in the USA. These apps help people avail money before payday and save themselves from financial troubles.
Today, in this article, we are helping readers understand everything about such apps, including topics related to developing cash advance app, the tech stack required, cost, how to find an app development company, etc.

What is Cash Advance App?

Cash advance apps allow their users with the money they have already earned, i.e., an early payment before the actual payday. For instance, your salary is about to be credited after two days but you need some short term cash today, then you can get some assistance from cash advance apps here.

These apps charge a real nominal or no fee at all from its users. Further, users have to link their bank accounts with the app and the app evaluates their income and expenses.

How Do Cash Advance Apps Work?

Cash advance app offers earned wages before the actual payday, helping users with short-term financial assistance. The app works as:

Registration

The user needs to register on the app and fill the application with all the required information. These apps might require your name, phone number, bank account details, employment details, address, and a valid ID proof to prove your authenticity.

Apply for the Loan

Once a user fills out the application, it needs to apply for the required amount of loan on the app. The app should have an inbuilt calculator to get you an estimate of interest and fees. The backend team then evaluates your application and considers your credit score along with additional factors.

Receive Funds

Once the app backend team approves the fund request, the user shall receive it in their bank accounts. The fund transfer is not time taking and will take place under a day.

Repayment

This is the final and automatic process. The app debits the necessary amount from the bank account (linked to the registration process) along with the fees (if any) automatically on the due date.

List of Top Cash Advance Apps

There are a variety of Cash Advance Apps on the Play Store. Every cash advance app has different features and subscription fees creating a conflict as to which one should be chosen. Here’s a list of top cash advance apps that often pay the best deals. The details of all these apps are given so that you can choose the best one according to your requirements.

Dave

Dave is a great cash advance app which is mostly suitable for small loan amounts. It can save you from overdraft fees and charges no extra fee. The best part about Dave is that you get the option to borrow $500 instantly without any interest or credit check. So for those who don’t have a great credit score, Dave can come in handy. Further, subscription fee for Dave is $1 per month.
The expected time by which you can avail the payment is 3 days. If it’s an emergency and you require the money on an immediate basis, an app like Dave provides you with ‘Express Payment Option.’ You will be charged a minimal fee of $0.99 – $6.99 and the money will be transferred into your account the same day.

Brigit

Brigit is another great cash advance app if you want to protect yourself from overdraft fees. You can avail advance payment up to $250 in one pay period. Good part about using Brigit is that it gives an interest free paycheck advance without checking on your credit score.

One can avail services of Brigit in two ways: free plan and Plus membership. Plus membership is available at $9.99 per month and you will get access to quick cash, theft insurance, credit building, payment on the same day, etc. On the other hand, free membership will be free but these services would be missing and it might take around 2 days for payment of money.

The only setback of this app is that most of the features are open to paid customers and the financial tools are limited.

MoneyLion

If you want to improve your credit score, MoneyLion is your go-to option for cash advance. The app reports all the loan payments that you make, to the credit bureau, thus reflecting a good credit score. The app also offers you cash advance up to $250.

Moneylion provides you with the option to transfer the funds from savings accounts to an ETF portfolio, chance to win debit card rewards, a refund policy if you find something cheaper within 90 days and more such features. Furthermore, the payment system is quick and you can expect money on the same day also. The services of this app can be availed after paying a monthly administrative fee of $1.

Earnin

Earnin is one of the best free cash advance apps. It provides you with a cash advance up to $500 without any fee or interest. The limit can further be extended up to $750. If you like the services, you can pay a voluntary tip. The average time taken for payment is usually one or two days and if you want quicker cash out, you can use the Lightning speed feature. It also comes with an automatic overdraft protection.

The only con of using Earnin is that there is a daily limit of $100 a day. Also, consistent pay is one of the eligibility criteria to use this app. So the benefits are not available to freelancers and remote workers.

Empower

Empower as the name suggests empowers you to get cash advances without fearing about late fee and credit checking. You can avail cash advance of up to $250 and no interest will be charged from you if the amount is returned by the next paycheck date. The best features of Empower include instant transfer, a debit card account with overdraft fee protection, up to 10% cashback, assistance in improving credit score, etc.

The only downfall is that you have to pay a monthly subscription fee of $8 to avail all the features.

Branch

Branch is the most suitable cash advance app for budget-minded peeps. But it is only available for people employed in instant pay organizations and it can be used only if it is sponsored by the employer. Amount transfer to an external account is usually free but in case of instant transfer without Branch debit card, the fee charged is between $2.99 – $4.99. An average transfer takes up to three days.

Various features available on Branch include overdraft warnings, a budgeting tool, an earning tracker, schedule management etc. You can also use Branch wallet for interest-free advances and free ATM access.

Kora

Kora is a cash advance app designed for college students and recent grads. College students with a limited credit history often face financial crunch and require cash advance. Therefore Kora helps them in seeking financial help and availing car loans, personalized money tools, reward visa cards, etc.

One can get up to $3000 line of credit without any requirement of annual fee. The repayment terms can also be personalized. Once the amount is requested and the preferred timeline is mentioned, the app will provide adjustable repayment terms. The only negative side is that the app is only available in 21 states.

How to Develop Cash Advance Apps?

Define an Idea: The initial step is to brainstorm the idea and define its features. There are already a lot of cash advance apps in the market and thus, coming up with an app with a USP and unique functionality is required. This shall help in establishing a place in the market.

Choose Software Development Company: Having a reliable and experienced development company as your technology partner is essential. Developing Cash Advance app requires some serious skills and a company with a similar experience and the required tools & resources can do your work best. An effective mobile app development team includes developers, QAs, testers, and a project manager.

Frontend: Design is the most important part of the app development process. A user interacts with the website frontend and it greatly determines the bounce rate of the site. UI/UX designers work on building a website’s frontend and continuous client feedback is required at this stage so that the final product matches with the expectations as well.

Backend: Backend is executing the frontend design and interface into reality using varied programming frameworks and technologies. In other words, backend developers program the app functions using several technologies. Your team must have experience in building a similar app before to avoid bugs, errors, and other issues, that eventually save time. This is a major difference in inhouse vs outsourced team. While an in-house team might not include experts of all domains, an outsourced agency has an extended dedicated team of experts.

Testing & Deployment: Testing is the analysis of the app and finding out bugs & errors. This phase is important to ensure the smooth running of the app after the launch. The testing is done by testers and quality analysts of the company and all the bugs are fixed to improve the platform.

Features to be Included in a Cash Advance App

Sign-up: A sign up and login feature is necessary to acquire the essential information from the user. Users can update their name, phone number, bank details, employment history, etc. It is important to make the process smooth, easy, and less time-consuming for users. You can enable features like signup with Google or social media to save time.
For an extra layer of security, you can verify the user profile with ID verification.

Cash on Demand Service: A cash advance app is designed to help individuals who need urgent money. Therefore, it becomes necessary for such apps to offer cash with ease and usually on a single touch. The money should be sent to the user’s requested source.
Note that the underlying work of cash advance apps is to lend money easily to customers.

Repayment Facility: Another crucial feature is integrating repayment methods that can debit as soon as the salary credits in the user account. The user would also be at ease with the feature and can avoid unnecessary charges if he skips to repay.

Calculator: Money lending calculator is common among cash advance apps these days and helps users with an approximate calculation of the loan along with the interest. The feature is helpful for users to make an informed decision using the information they need.

Support Center: For users who need assistance you can add a help & support button. The feature shall help users to contact the support team anytime through email or calls. Queries like difficulty in understanding the app and technical glitches are common among these types of apps.

Tech stack required to build cash advance apps

Cash Advances App Development Cost – Perfect Analysis

Building a cash advance app is a complex task for developers and requires knowledge of several latest technologies. There are a number of factors that decide the final cost of such apps like team size, skills required, location of the team, and the app functionality chosen.

For instance, top mobile app development companies in Europe charge between $50 & $200 while an expert with the same skills in Asia will charge between $20 & $70. However, heading with the cheapest development company is usually not the best solution as an effective mobile app development team will work effectively and efficiently, thus saving time, and therefore, the final cost. In conclusion, cash advance apps generally range between $25000 and $75,000.

How long does it take to create Cash Advance App?

Cash advance app development is usually a time taking process and requires good technical skills & resources. The time required to develop such apps depends upon varied factors such as developer’s location, app design, functionality, number of platforms, and many more. Considering a usual & average time, it takes approximately 5-6 months to build a cash advance app and includes all the steps from ideation to deployment. Note that top app developers might take much less time than beginners, ultimately saving the costs and time both.

Closing Words

Cash advance apps are becoming popular nowadays. These apps help people avail money before payday and save themselves from financial troubles. Thus, venturing into the lending business through this model can prove to be helpful. We’ve given you the list of top cash advance apps along with the details required for developing cash advance app. App development cost plays an important part when choosing your technology partner but this is not the only factor to consider. Top app developers will not charge the lowest but will deliver a highly responsive and interactive platform. Thus, cash advance apps might seem like a great deal but cost-benefit analysis is a must along with research and choosing app Development Company.

Data Sources: softermii.com, billpin.com

The post Everything about Cash Advance Apps – Top 7 Cash Advance Apps appeared first on Top ITFirms - Result of In-depth Research & Analysis.

Blockchain money transfer app enables users to send and receive money directly without third parties. To facilitate peer-to-peer money transfers, let’s explore how you can build an application that runs on blockchain technology.

Online payment is becoming more and more popular. Why do people like it so much? Besides being easy, it’s also fast.

Even though mobile payments are more convenient and faster, not everyone is taking advantage of them.

According to an eMarketer survey, only 43.2% of all smartphone users in the United States use mobile payment apps to transact online. According to this, there remains a vast number of people who are still reluctant to adopt the convenience of online payment apps.

What are the reasons why online payment apps aren’t used more frequently? The reasons for this can be attributed to a variety of factors, one of the foremost reasons being a lack of security and the number of parties involved in the payment transfer process.

Blockchain money transfer apps are born out of the current problems with traditional money transfer apps.

It is claimed that blockchain provides fast and secure transactions, but can it really deliver on that promise?

Here, you’ll learn what blockchain technology is and how it can be used to help the world of online payment apps overcome current challenges.

So, let’s get started.

What is Blockchain Technology?

Blockchain is referred to as a distributed database or ledger, which is a collection of data that is stored on a computer network and shared among the nodes.

As a decentralized and secure transaction record system, blockchains are crucial to cryptocurrencies like Bitcoin.

As a blockchain database is stored in blocks linked with one another (in a chain), data can be searched and retrieved.

As a secure digital ledger, a blockchain is immutable, which means that the information stored on it can never be altered, lost, or destroyed.

A blockchain ledger is immutable, making it a perfect solution for tracking orders, payments, accounts, and other activities requiring the highest security level.

Blockchain technology promotes consistency in the shared view of transactions by preventing unauthorized entries and creating built-in mechanisms to prevent these entries.

What are the Drawbacks of Traditional Money Transfer Applications?

When we think of the most popular mobile payment applications, Paypal, Venmo, Zelle, Apple Pay, and Google Pay are a few of the names that come to mind.

According to Statista, Paypal is one of the leading mobile payment applications. A deeper look at the user satisfaction score reveals that only 38% are satisfied with the service, while 10% aren’t. Among the people surveyed, 29% don’t want to use PayPal.

Image credit: Statista

There are multiple drawbacks associated with mobile payment applications, resulting in less adaptation of these applications. Here we have outlined a few of the most common drawbacks:

Trust

Trust is one of the biggest hindrances in the adoption of mobile payment apps.

Approximately 15,000 mobile users from 15 countries reported that they have a low level of trust in online merchants and payment systems. Also, they feel a lack of confidence while sharing too much of their personal information on the applications.

According to a news report by Trend Micro, learning mobile payment services provider Cash app was hacked by one of its former employees resulting in the compromise of the personal information of more than 8.2 million of its current and former customers.

As a result of such data breaches, a huge number of people set themselves apart from using online payment apps.

Third-Party Involvement

Another issue with online money transfer apps is the involvement of third-party apps. Usually, when you make a payment online, it will be processed instantly once you feed all the required information.

However, when you dig deeper into how payments are processed, you find the involvement of third parties such as payment gateways.

When the sender selects the payment method, all the information is transmitted in an encrypted format via the payment gateway to the payment processor. The payment processor communicates with the card issuer or bank account of the sender to get authorization for the sale, and then the payment is sent to the intended recipient.

The involvement of third parties also resulted in increased transaction fees which proved to be a negative factor in the acceptance of online payment services.

This is how online payment processing works.

Paying Cross-Border is a Lengthy Process

Nowadays, with the easy access that technology has made to everyday life, the world is more connected than ever before. It is common to make transactions between countries.

International payments are difficult to facilitate through today’s payment apps, and they often take two to seven days to complete. The cost of transfer is high due to the involvement of multiple parties.

Online Payment Processing Fee

This is yet another disadvantage of the conventional mode of payment applications. Every online transaction is subject to a processing fee that varies depending on the type of transaction.

Why is Blockchain Money Transfer App a Promising Alternative to Traditional Apps?

Blockchain technology is based on high ethical standards of security and is continuously on the verge of being adopted by the financial institution.

Blockchain technology can benefit online money transfer applications in a variety of ways. Here are a few of them:

Getting Rid of Intermediaries

One of the biggest advantages of blockchain technology is that it facilitates peer-to-peer money transfer eliminating the role of third-party intermediaries like payment gateway, exchange mode, issuer, and so on.

As the settlement of the funds takes place directly between the sender and receiver in real time, the process is easy and fast. Even though there are no intermediaries, blockchain technology still ensures the authenticity of the transaction. Moreover, the transactional information is recorded in a secure blockchain ledger which ensures the safety of the information.

Fast and Secure Cross-Border Payments

Blockchain technology has the potential to transform cross-border payments into a matter of seconds rather than days, as well as reduce transaction processing costs while ensuring end-to-end security and traceability.

Transparency and Security

A key strength of blockchain technology is its ability to provide a high level of transparency and security.

On the blockchain, all the transactions that occur are immutable and can be viewed by anyone with access to the blockchain. Furthermore, the payments can also be traced quite easily resulting in improved transparency.

Automation with Smart Contracts

The automation of processes with the use of smart contracts is a great advantage, especially for businesses and companies.

In a smart contract, blockchain developers have the ability to outline certain conditions that are specific to the organization concerned, depending on their requirements.

For example, an organization may hire a person on an ongoing basis to fulfill some monthly requirements as part of its ongoing operations. The person will automatically get paid when those monthly requirements are met.

This puts the organizations at great ease to complete the monthly recurring transactions in a timely efficient manner.

How to Build a Blockchain Money Transfer App?

Now as you have learned that blockchain money transfer apps can deliver a huge number of benefits. Below we have outlined a few of the steps involved in the development journey:

Choose Blockchain Money Transfer App Type

The first step is to identify the type of money transfer application you intend to develop. You can either opt to build an application for money transfer only or you can intend to develop an application that offers the entire banking services.

If you are planning to embark on a development journey, make sure you are thoroughly familiar with the requirements before proceeding.

Settle on the Mobile App Development Platform

As far as operating systems are concerned, Android and iOS are the two most popular options. Depending on the preference of your targeted audience, you can make the selection of the development platform.

Define the Features For Your Application

Having an understanding of your users and preferred platform, the next step is to choose the mobile app development platforms. You need to gain an understanding of the challenges they face and how you can solve them by creating features that address those challenges.

Emphasize the User-Friendly Design

User design is one of the most important factors to lure peer-to-peer money transfer applications. For a blockchain-based money transfer application to be successful, it has to be built in a user-friendly way so users can easily take advantage of the great features that the application has to offer.

Take Security and Compliance Into Account

There is also a concern about security that users have when they use an application. A user who encounters any issues related to the safety of your app might decide to switch to one of your competitors if they encounter any such issues.

It is therefore imperative that your blockchain payment application adheres to security regulations to ensure the safety of your users.

It is not just important to comply with security standards, but also to incorporate all the security features in order to ensure that your audience does not compromise your security in any way.

Testing and Launch

Critical phases in the development of a P2P payment app that is the testing and quality assurance phases. Testing makes sure that your application is free from all sorts of errors and bugs to ensure the smooth functioning of the application.

You will then need to publish your app in the relevant app stores after the testing has been completed.

Final Take

Blockchain-based money transfer apps are establishing themselves as an efficient alternative to traditional day-to-day payment systems in the near future. You can create a similar application with the help of blockchain development companies.

These trustworthy companies with a highly experienced team of blockchain app developers that can take your project from a concept to a sure reality within no time.

Related Article: Best Programming Languages For Blockchain App Development

Frequently Asked Questions

How much do blockchain money transfer apps cost?

The cost of a blockchain money transfer app depends on the multiple factors mentioned below:

• App development platform
• The complexity of the money transfer app
• The complexity involved in the creation of the smart contracts
• The choice of the blockchain platform
• UI/UX design requirements
• Development scope

Based on these factors the cost of the money transfer app is determined.

How to choose the best blockchain development company?

The following attributes can help you make the selection of the right blockchain development company:

• Experience
• Portfolio
• Client testimonial
• Knowledge of different blockchain platforms

What are the top companies that are using blockchain for payment?

• Coinbase
• PayPal
• Circle
• Ripple
• BitPay
• Zcash
• Veem

What are the top companies that are using blockchain for payment?

• Ethereum
• IBM Blockchain
• ConsenSys Quorum
• Hydrogen Molecule
• Hyperledger Fabric
• Ripple
• Stellar.

The post An Overview of How to Build a Blockchain Money Transfer Application appeared first on Top ITFirms - Result of In-depth Research & Analysis.

“Looking for hiring front end developers? Ascertain how to hire frontend developers from the professional to get masterful results that will exceed your expectations.”

As we enter a new era in which the internet has become a very important component for the success of any business, having a functional, attractive, and clean online presence is essential.

As outlined in a study from Foresters, improving the user experience of a website or mobile app can increase the conversion rate by up to 200%.

As far as developing functional, attractive, and clean user interfaces is concerned, it can’t be done without hiring front end developers.

Front-end developers are well versed in creating user interfaces that stay in the user’s mind and allow them to interact as easily as possible with them.

Zippia, one of the leading career experts in the USA, estimates that there are over 80,827 people who work in the field of front-end development presently alone in the United States.

The number of front end experts has been growing steadily all around the globe, so how would you choose one that is going to fit your project requirements perfectly?

Here in this blog, we will provide you with a brief insight into the benefits of hiring front-end developers as well as the skills and hiring costs associated with them.

So, let’s get started.

Why Should You Consider Hiring Front End Developers?

Here you will get to know about the benefits that you can avail yourself by considering front end developers for hire:

First Impressions are Vital

The key to overall customer satisfaction is a positive customer experience. According to a study conducted by Paradigm, 75% of website or app credibility comes from the user interface.

39% of visitors will abandon a website if they find it difficult to navigate or if loading takes too long. Thus, it is crucial that you instill a captivating user experience at the beginning of your project if you wish to be successful.

With their vast industry experience, front-end professionals can create an experience that transmits trust and integrity to the user.

Adaptive Design for Visitors’ Screen Size

Responsive design is defined as the process of arranging content and elements on a website so that they can adjust automatically based on the size of the screen the visitor is viewing.

As reported by GoodFirms in their recent survey, 73.1% of web designers believe that a non-responsive website design is the main reason why conversion rates are low.

The developers who handle the front end of your website can also design a responsive design, which will result in the website becoming quicker, easier to use, and more accessible on different screens.

The Amalgamation of Animations to Make Web Pages More Interactive

Animated graphics are an excellent way to catch visitors’ attention, increase engagement, and improve communication.

Front-end developers possess expertise in animations and programming tools for developing web pages to make them more interactive by using animations and programming codes.

The front-end developer can use code to implement a variety of interactions, from clicking a button to scrolling down a web page, that front-end developers can implement in an interactive way.

Accelerating and Scaling Websites and Applications

It is estimated that more than 53% of the user base of the website has been lost as a result of the slow loading time.

Developers responsible for front-end aspects of websites and applications are responsible for speeding up loading times and ensuring the user experience is smooth.

As well as ensuring that the front end works well, experts check that the app is secure, compliant with a variety of devices, and has a good user interface.

Front End Developers Skills to Produce Masterful Results

When it comes to front end developers skills, HTML, CSS, and JavaScript are often the most commonly taught. Having these skills is an essential requirement for a front-end developer. However, in addition to these, there are several other skills that developers should possess to produce mindful results for businesses:

Understanding of Frontend Frameworks and Libraries

The introduction of frameworks is widely used as a way of simplifying the fronted development process and making it a smooth journey for creating captivating user experiences.

A few of the most popular front end frameworks available in the market are mentioned below:

• Vue.JS
• Angular
• Svelte
• React

Visual Skills

A front-end developer with a strong visual sense, a passion for design, and the ability to see aesthetics in a design should be one of your top priorities.

Having a professional who understands your creative vision for your business and works with designers to make sure that it is brought to life on the web is critical for success.

AJAX

AJAX stands for Asynchronous JavaScript and XML. As a bridge between the client and the server, the programming language serves as the conduit between those two.

For example, when a web browser, e.g. a user, requests the server, then AJAX can deliver a response to the user without forcing the page to be reloaded. Because AJAX works asynchronously, the site does not freeze until the server has responded.

Understanding the principles of Ajax will give the developers an edge in creating instant responses for the users, resulting in a better end-user experience.

Browser Developer Tools

Today’s modern browsers, be it Google Chrome or Mozilla Firefox, provide developers with the means to build rich web apps with ease. Developer tools include the ability to inspect HTML, CSS, and JavaScript to determine which assets have been requested by a page and how long it took to load them.

By having the skill set and expertise across a variety of browser dev tools, you can produce interactive and rich user interfaces.

Testing and Debugging

Among the most important skills that a front-end developer ought to possess is the ability to perform testing. By testing the user interface, developers ensure that it is free from all kinds of bugs and glitches that could negatively affect the user experience.

Responsive Design

In the present day, there is a vast number of devices available in the market like desktops, tablets, and smartphones. You should have a well-versed developer who knows the ins and outs of responsive design to ensure that your web application doesn’t lose its charm on different screen sizes.

What Do You Need to Know About Hiring Front End Developers?

There are multiple ways through which you can hire front-end developers. Here we’re going to walk through the different frontend developers hiring models:

Freelance Front End Developers

Hiring a freelance front end developer is one of the most affordable options. Freelance developers work individually.

Freelancers offer low-cost development services, which is one of the most appealing benefits of hiring a freelancer.

There is another advantage to hiring freelance developers, which is that you can hire them only whenever you need them.

Freelance developers are proven to be the best choice when you’re working on a small project and require resources for a short amount of time. In contrast, if you have a complex project that needs to be handled by someone who will be liable for adhering to deadlines, freelance developers often find it difficult to take on the challenge.

In-House Frontend Developers

The term “in-house front end developers” refers to hiring a team of developers to handle the business side of the company.

It turned out that hiring front-end developers in-house has been the best decision for businesses with long-term business goals to achieve.

Their sole objective is to run your business efficiently and effectively and they are at your disposal at any time to deal with any urgent requirements.

In-house developers seem to be the most beneficial option to choose. Nevertheless, they often cause organizations concern due to their high costs. Hiring can be a long and difficult process, especially if your organization is located in a small town where it is very difficult to find skilled candidates.

Outsourcing Developers

In terms of hiring, this hiring model has proved to be the best option for companies looking to gain the benefits of in-house developers without spending too much time and money on infrastructure setup, lengthy development processes, etc.

Under this hiring model, you can hire front end developers from any of the offshore development companies from any country. Your project will be built by remote developers who are under your supervision and working from a remote location.

Aside from the above-mentioned advantages, working with offshore developers will give you access to a global talent pool, which will increase your chances of success in the long run as well. Additionally, you will be able to scale up or down your team of developers depending on the scale of the project you are working on.

In terms of price, hiring offshore front end web app developers is more expensive than using freelancing developers, but the benefits they provide are justified. Since outsourced developers are located in different locations, time-zone issues may occur.

As far as hiring offshore developers is concerned, the benefits are surely enticing. For you to be able to reap these rewards, follow the easy guide to hiring the best offshore development team and start translating your vision.

How Much Does it Cost to Hire Front End Developers?

Several factors should be taken into consideration when estimating the cost of hiring front-end developers. The effects of each of these factors on the cost can be seen in a variety of ways;

• The complexity of the project
• Experience level of frontend developers
• Location of outsourced frontend developers or freelancers
• Selection of technology stack

Every project has its own set of factors that contribute to its success. Due to this, it is impossible to provide you with an accurate estimate of the cost of hiring frontend developers.

As a general estimation, if you hire front-end developers from India, then they will cost you somewhere between $20-$50/hour.

Final Take: How to Get the Best Results by Working with Your New Hire?

When hiring a front end specialist, your primary goal is to develop a website that will be able to adapt to any device and will appear great on all of them. The next struggle for you once you have found the right developers to work with is finding the ways for you to get the best results from them.

As a best practice, we recommend that you create a document that summarizes all the requirements you have for your new hires, and have a detailed discussion with them regarding the goals that you wish to attain with their employment.

During the frontend development process keep yourself engaged with the developers and stay informed about the progress of developers. By doing so, you will be able to make sure that your development journey is heading in the right way.

Frequently Asked Questions

What are the different steps in the process of hiring front end developers?

Here is how you choose the right front end developers for hire:

• Analyze your requirements in detail
• Know where you can look for developers
• Analyze front end developers skills
• Schedule an interview with the developer
• Carry out skill test
• Onboard the developer

Why hire remote front end developers?

• Access to global talent
• Pivotal in augmenting your in-house team
• Cost-saving
• Access to all the crucial skills and technical expertise required
• Free from infrastructure cost
• Easy scalability

What are the different types of front end developers available to hire?

On the basis of experience, mainly there are three types of frontend developers as mentioned below:

• Junior front end developers: 0 to 1 year of experience
• Middle front end developers: 1 to 3 years of experience
• Senior front end developers: More than 5 years of experience

The post Ascertain How to Hire Front End Developers without a Flinch From the Professionals appeared first on Top ITFirms - Result of In-depth Research & Analysis.

“Want to build a music streaming app like Spotify? This comprehensive guide will walk you all through a step-by-step guide on how to make a music app.”

The popularity of music streaming apps like Spotify, YouTube Music, Apple Music, and plenty of others have changed the way people listen to music. It is no longer necessary for users to visit websites to download the song, store it on local storage, and then play it. It is as simple as opening the music app and searching for the song they want to listen to.

The market for music streaming apps is showing positive trends. According to Statista, the revenue of music streaming apps is valued at US$30.33bn in 2022. It is expected that the market will reach US$43.63bn by 2027 with a CAGR of 7.54% .

Being inspired by the success of the music streaming apps received so far, many startups are considering grabbing this opportunity.

This blog post will provide you with all essential knowledge regarding music app development including, features, and revenue in addition to a step-by-step guide on how to make a music app.

So, let’s get started.

Market Overview of Streaming Music Apps?

As said, music listening apps are getting popular and creating impressive revenue opportunities for startups.

Let’s develop a better understanding of the market of music streaming apps:

• By the end of the year 2022, the revenue of the music streaming apps is expected to hit US$30.33bn.
• During the forecast period of 2022-2027, the market is expected to grow with a steady CAGR of 7.54% resulting in generating a revenue of US$43.63bn.

Image credit: Statista

• The average revenue per user also showed a positive trend. In 2021, the average revenue per user was estimated at US$36.0. By the year 2027, the average revenue per user is expected to grow to US$40.28.

Image credit: Statista

• The user base of the music listening apps is also growing. There were around 775.6 million users. By the year 2027, this user base is expected to hit 1,083.1.

Image credit: Statista

• The United States is by far the leading country in terms of revenue generation. The USA in the year 2022 generated revenue of more than US$11,040.00 million revenue. China with US$3,527 million in revenue is the second most promising market for music streaming apps.
• According to MIDia Research, Spotify is the market leader in music streaming apps with 523.9 million paying subscribers.

Must-Have Features for Music Streaming Apps

After learning about the market growth of the music streaming apps, now, it’s time to make you familiar with a few of the must-have features that you should integrate with your music app:

Signing Up and Registration

This is one of the basic features you need to integrate with your music streaming app. It allows the users to register themselves on your application. It is beneficial to add multiple sign-in options such as email, phone, and social media to allow users to choose the most preferred one for them.

Catalog

You can add a catalog that displays the list of all the music your app has to offer. By making use of emerging technologies such as machine learning and AI, you can even build a catalog that speaks the personalized recommendation to app users.

Search

This feature comes in handy when a user is looking for a particular music track. You can either let users type in track information or you can add a voice assistant to make them search for songs by voice.

Playlist

Not every song featured on your app excites the users. They always want to create a library of the songs they wish to hear in a loop. So allow your music app users to create their own playlist which consists of their favorite songs.

Well-Designed Music Player

We can’t imagine a music app without a music player. You also need to create a music player which allows users to listen to the music in the background without interrupting their other operations on the phone.

Play Offline

You can also allow the users to download the music they like, so they can experience uninterrupted music even at a time when there is no internet connection.

Push Notification

Push notifications are meant to keep the users up to date with the news related to the music app. This will improve the engagement rate.

Social Media

A lot of people love sharing what they are listening to on social media. Therefore it is a worthy decision to include a social media share button to enable users to share their favorite music with their friends.

Offer Recommendations

The best way to keep the users glued to your mobile application is by offering them recommendations of songs that match their tastes.

In-App Payments

The ultimate goal of music app development is to make revenue. Therefore it is a must for you to integrate a payment gateway with your mobile application to allow users to make payments of subscription fees seamlessly.

How do Music Streaming Apps like Spotify Make Money?

Music streaming apps like Spotify follow the different types of monetization models. Here is a rundown of the most common type of monetization model you can adopt to generate revenue from your music app:

In-App Advertisements

This is one of the most effective models when you want to offer all your app services to your users at no cost. You can place paid ads on your application. Every time these paid ads are seen by the users, you will receive some rewards.

Subscription-Based Model

You can suggest a monthly or yearly subscription fee to your users. Before they move to the paid subscription you can offer them a free trial for a few days. After the free trial ends, you can start charging the subscription fee on a monthly or yearly basis chosen by the user.

Paid Content

You can offer most of the tracks free of cost, but you can set some prices on a few specific tracks. The user needs to pay the amount to unlock the paid track.

How to Make a Music App?

With the help of a reliable music app development company, the process of music app development becomes much simpler. Here is a rundown of the different steps involved in making a music app:

Finetune Your Music App Development Idea

The development of great things starts with great research. Before working on the development of the music app idea, it would be in your interest to do some market research to stand out your app from the crowd.

Finding the Music App Development Company

When you have the vision of what to build and how you are going to target your audience. The next step for you is finding a reliable music app development that can help you realize the reality of your dream.

Round up a selection of the best mobile app development companies and go through their past project to evaluate their skills. If possible, pay attention to the project that is relatable to your requirement.

Schedule an interview with the app developers and ask them the questions you have related to your vision to make sure they are the right choice for you.

Design the Music App

When you have hired the right team of mobile app developers, the next step for you is to start working on the design part of the music app. Make a list of the features you are going to include in your app and let’s start interpreting your mobile app idea into reality.

Designing a website should be primarily focused on making it visually appealing, while at the same time making sure that it has a smooth navigation system. Every feature of the mobile application should be straightforward, so the user can access it without facing any difficulty.

Develop the Music App

This is the stage where a team of mobile app developers will start working on writing codes to fuel life in your music app development idea. Make sure while writing the code for your application, that your chosen developers are following the best security practices.

Keep yourself in the loop with the progress of the development to make sure all your development goals are achieved successfully.

Test and Launch Your App

After the successful development, test your mobile application thoroughly to make sure it is free from bugs. Once testing is accomplished, the next step is to launch your app on Google Play Store or App Store.

How Much Does it Cost to Make a Music Streaming App?

If these reasons that we have listed here do not seem enticing, you’ll still find the presence of multi-tenant cloud app architecture backed by Software as a Service (SaaS) cloud-based applications like Dropbox, Slack, Salesforce, and Google, leading the market. top cloud computing companies and cloud computing consultancies like Acropolium are inclined to strengthen the process.

The cost of music app development is determined on the basis of the following factors:

• Mobile app development platform
• Features you have selected for your app
• App development company you have chosen
• Getting a license for your app

Since all of these factors vary from one project to another, it is hard to determine the cost of music streaming app development. Schedule a meeting with your app development and discuss your project requirement with the company. By considering your scope of work, the company will provide you with the estimated cost of music app development.

Final Take

This is how you can set your foot in the rapidly growing music industry. If you are facing any difficulty while choosing the app development company, you can consider checking out ITfirms list of the top mobile app development companies.

Frequently Asked Questions

How to choose the right music app development company?

• Pay attention to the portfolio of the previous project
• Client reviews are the best way to judge the skills of the company
• Learn about the post-development support plans
• Experience

What are the most popular music streaming apps in 2022?

• Spotify
• Apple Music
• YouTube Music
• Amazon Prime Music
• Pandora

The post How to Build a Music App: A Complete Guide to Creating Your Own Streaming Service appeared first on Top ITFirms - Result of In-depth Research & Analysis.

Looking for the best iOS app development company? Here we have references to a few of the most experienced iPhone app development companies to ease your search.

Despite having a great iOS app development idea, you won’t be able to bring it to life without a talented team of iOS app developers.

According to EvansData, there are 2.8 million iOS developers worldwide. So how will you select the best team of developers that aligns with your business goals? That seems like a difficult task, doesn’t it?

If you fall prey to the wrong iOS app development project, you might fail to unlock the true potential of your app idea.

So, what are the best strategies you can opt for to choose the best iPhone app development company? This blog has an answer to your question.

Here ITFirms is going to present you with simple tips that will help you pick the best company. Before that, let’s learn why you should hire an iPhone app development company.

Why Should You Hire an iOS App Development Company?

Here are a few reasons why you should hire an iPhone app development company?

1. Access to Dedicated and Focused Developers

When you hire a company over a freelancer, trust, dedication, and focus are assured. Freelancers are often found working on multiple projects at the same time which results in poor development results. However, in the case of companies, the assigned team will be dedicated to your project only which means you expect the results you admire.

2. Project Manager to Keep You in the Loop of Your Project

Whenever your contract starts with an app development company, they assign you a project manager who will serve as a bridge between you and the team working on your project. Project managers are also responsible to keep the client in the loop with the progress of the project which seems hard with freelancers.

3. Strong Adherence to Deadlines

Meeting deadlines is one of the biggest issues with freelancers. When you are working with the company, you will be assured that all your project deadlines will be met professionally, setting you free from development-related worries.

4. Support System

iPhone app development companies have dedicated teams to resolve the queries of their clients. So whenever your project needs assistance you can get it.

How to Choose the Best iOS App Development Company?

Here are a few things you should consider while hiring an iPhone app development company:

1. Make a List of Specialized iOS App Development Companies

The very first thing to do is make a list of the app development firms that have specialization in iOS app development.

ITFirms can recommend you the best iOS app development companies. Go through these companies and make a list of those you believe would be a great fit for your project.

2. Pay Attention to the Companies Website

The website speaks to the expertise of the company, therefore, you should carefully analyze the website of the company.

Pay attention to the user interface and user experience of the website to see how well versed they are in delivering an optimal user experience for you are looking for your iOS app idea.

If a website gives you a terrible experience while browsing, then it would be in your best interest to remove that company from your list.

3. Portfolio Speaks Louder than the Words

As said, choose the company that has specialization in iOS development. For this purpose, checking the portfolio is the best thing you can do.

Go through the projects completed by the company earlier and see how well these projects are doing. You should also check out whether the chosen company has developed an app that relates to your project requirement. If so, then you are good to go with the company.

4. What is the Structure of their Proposal and How does it Take Into Account Your Project Details?

Once you have connected with a suitable mobile app development firm, you should ask them to provide you with the proposal document which contains the company strategies to help you achieve your business goals.

At this stage, you should also prepare a list of questions that hit your mind when you think of developing an app. Ask these questions to the company and see if they can provide you with satisfactory answers.

If the submitted proposal doesn’t seem satisfactory, feel free to move to another company and follow the same path with them. By doing so you will be able to land up with a company that can help you achieve all your goals more efficiently.

5. Security of Your iOS App Idea

Your mobile app idea is unique and intellectual property, it should be protected from being leaked. There are many instances when the replicas of the app are published on the app store before the original app is developed. Such instances are the biggest threat to the credibility of your app. Therefore the chosen iPhone application development company should measure the necessary steps to protect your intellectual property.

If possible choose a mobile app development agency that has a strong reputation in the market and is ready to sign an NDA with you.

NDA or non-disclosure agreement makes sure that your app idea is completed safely with the company you have chosen.

6. Check Client Testimonial

This should be placed in the second or third spot in our tips. The reason why I have explained this at this step is that checking client reviews earlier might lead you to a biased decision. Following the above-mentioned steps will ensure you make a decision based on the credibility of the company.

As the final step of your selection, read the previous client reviews about the company and see how satisfied they seem with the services of the company. Instead of reading reviews on the company, you should pay attention to reviews shared on third-party platforms.

7. Be Precise With Your Budget

When signing a contract with the app development company asks them to provide you with a complete project cost breakdown document. It would be best if you can get the price according to every stage of development and mention all the things included under this cost.

By doing so, you can avoid going over budget and miscommunication with your development partner.

Final Take

The success of your project greatly depends on the choice of an iOS app development company. Therefore you should pay your utmost attention to choosing the best one.

I hope after reading this blog, you are confident enough to choose the best company for your project. We have shared the reference of a few top iPhone app development companies in the blog, if none of them failed to impress you, then you can find a few more references on ITFirms.

If you are running an IT company and want to get listed your company on ITFirms, reach out to us.

Please share your suggestions at info@itfirms.co

The post Looking for the Best iOS App Development Company? Here’s How to Find One appeared first on Top ITFirms - Result of In-depth Research & Analysis.

Let’s find out how to make your app engagements fruitful?

Businesses wish to build an app that fetches them decent revenue. Open up the play store or app store, and you will be overwhelmed with the available choice. The gamut of millions of applications clutters the online space, making it impossible to select what to download and what to install.

There are plenty in the market already, all almost similar. Although, every app appears with a specific purpose and offers similar functionality! It can therefore be perplexing to select one that suits your business. And if you are inclined to create one of your own – do you have a unique idea that could trigger the entire space or the niche audience you wish to target?

Before selling the same thing in a different packet, businesses should ensure that their mobile apps cut through all that noise. Getting noticed and reaching millions of downloads with positive reviews is equally important. Do you dream of earning with your mobile app? If yes, there are plenty of ways by which you can monetize your work. From selling advertising space to implementing micro-transactions – businesses need to follow a sequence of steps to ensure that their mobile app is sturdy and stands out in the crowd.

• First Thing – Ensure that there is a market that caters to your idea. Before you plunge right in, collect the opinion of locals, potentials and tailor your needs accordingly. Market research is the heart of the matter. It helps surface the wildest ideas that can propel success. Small tips that you gather on the way like – (1) identifying demographics for your application, (2) conducting market research, (3) working with growth investors – business specialists – UI/UX experts – go a long way in streamlining the functionality of the mobile application. Brands can get a better notion of whether their data can accomplish the distance in terms of profitability.
• Second Thing – Create a fanbase or following around your feasible idea. Create customer lists that you can expand as you market your app. Start with your family – friends – fans and as the lists grow, segment those lists. Target your marketing efforts to each group – it goes like – keeping a separate app or sending a different message to family and friends and a different one to new users or industry contacts. There should be a different app to share personal moments and a different one to share business tips. No one wants their bosses to read about your day off or baby spamming your single friends. There should be no adverts or promoted posts, and the space where you share formal emails – messages should be an uncluttered interface.You must leave it to your users to select an application for their business dealings. And also for sharing the moments of their choice. The app should allow new users to test drive the app before offering them additional features along with paid plans. If you’re targeting a social media platform, try offering some parts or some days free or for the first 1 million users before monetizing it.
• Third Thing – Listen to what your audience has to say. Before even launching your app, can you overhear what your potential customers have in their minds? Will they take your app in good stead? Can you imagine your users having their app functionality in their back-mind? Can you expect them to portray their expectations of you?
• Fourth Thing – Build your followers. It can be a great way to segment and target the ones who need your message.
• Fifth Thing – Use simple technologies or simplify them to make your users understand. The user interface and experience go hand in hand and are essential for a new user to stick around until the end. Ensure that your app adds value – takes less time – blends up with the culture and market demand, and brings some reward options. If you’re clear with what you wish to achieve, off you go!
• Sixth Thing – Keep an eye on the data that you’re acquiring – it must be agreeable to all parties, must be unique and accurate.

In Conclusion

App usage fluctuates with time and market conditions. A lot of effort goes into making a mobile app, and all of it can be futile if the user compares and find a better option. It is therefore pertinent to engage and retain users. Keep surprising them with better and regular version upgrades.

Please share your suggestions at info@itfirms.co

The post Can You Earn Money With Your Mobile App? appeared first on Top ITFirms - Result of In-depth Research & Analysis.

We are quoting some handy take-aways’ about hiring best Node.js developers here. Read and get benefitted by outsourcing Node.js Development teams right away!

Node.js is an open-source, lightweight, server-side runtime environment used to build a fast and scalable web server in just a few minutes.

The Goal Behind Development of Node.js

There was a need to build a system to create websites with push capability in real-time. The event-driven paradigm was the epicentre of the Node. This helped developers to create 2-way connection websites (client and server) with free data exchange.

Facts to Know About Node.JS

• Asynchronous: Node.js is an asynchronous event-driven JavaScript runtime built on Chrome’s V8 JavaScript Engine.

What does this imply: Many connections get handled concurrently. The callback is fired upon every connection. Node.js goes to sleep in an idle state.

• Scalability: Node.js is designed to build scalable network applications.

What does this imply: Node.js works on a single-threaded event loop model, in contrast to today’s more common concurrency model. Thread-based networking is very difficult to use and relatively inefficient. Node.js are free from worries of dead-locking the process since there are no locks. Almost no function in Node.js directly performs I/O, so the process never blocks. Because of nothing blocks, It is very reasonable to construct scalable systems in Node.js.

• Event loop: js does not agree with the start-the-event-loop-call.

What does this imply: It rather presents an event loop as a runtime construct instead of as a library. So it’s behaviour is irrespective of the numerous callbacks, either at the beginning of a script or at the end of a server.

• Suitability as a Web Development Framework: Node as a web server using HTTP

What does this imply: HTTP Modules are an integral part of the Node.JS Framework to be used in developing web servers. The resultant application can be made to listen on a particular port and send a response to the client whenever a request is made to the application. This ‘request’ module can be used to fetch information from the web sites.

Following Up With Node.JS Architecture

Node.js architecture is based on Single-Threaded with Event Loop Model with JavaScript Callback Mechanism which makes Node.js easy to handle and amazing to code with:

• It is relatively easy to handle multiple, concurrent client requests with Node.js.
• The presence of an event loop reduces the need to create threads.
• The presence of less thread utilizes less memory.

Growing A Proper Node.JS Development Team

• Keeping a tab on Node.js development market
• Looking for fresh and experienced Node.js developers or those currently into PHP, Java, .Net and are ready to transition into Node.js
• The required Skillset for Best Node.js Developer:
• Adept with JavaScript/Typescript
• Knowledge of Functional Programming
• Knowledge of High-level programming architecture patterns like MVC, MVVP, MVVM etc.
• Must be experienced in working on any backend solution and frameworks like Express.js, Nest.js, Koa, Hapi etc.
• Must have a working knowledge of common development tools like GIT, ESLInt, Prettier
• Must have practical knowledge of SQL(MySQL and PostgreSQL) or NoSQL (MongoDB) databases.
• Must know Docker and Docker Compose, CI/CD

How to find a Node.js programmer

Now as we are aware of the required skillsets of the prospects – it can be divided into four sections:

• Inbound: looking for the candidates within internal departments, those that can be migrated to work on other technologies.
• Outbound: looking for the candidates in an external environment via a direct search.
• Tools: what tools, apps and websites can help speed up the recruitment process.
• Outsourcing: reaching out to a software company that has the kind of Node.js developers that we need.

Finding a Node.js programmer – Inbound

Some of the most popular and efficient inbound methods of finding Node.js developers include The career page of the organization’s website, the social media, posting the job requirement on job portals, providing internships to eligible candidates, organizing free webinars to position your business, looking at the referrals and outdoor advertising in print media or university/organization’s anniversary events etc.

Finding a Node.js programmer – Outbound

Supplement your inbound search with some strategy and speed by implementing outbound methods of searching a Node.js developer. Out of the various search methods: Direct search, third-party conferences and events and self-organized events where there is the freedom to interact with participants.

Finding a Node.js programmer – Tools

To support inbound and outbound marketing and recruitment efforts, tools come handy: Recruitment management tools like applicant tracking systems (ATSes), Recruitee, Traffit, SmartRecruiters and many other jobs portals can be used by the recruiters to float their applications. Besides, many sourcing tools like LinkedIn Recruiter Lite, AmazingHiring, Intelligent Search and screening platforms like Codility, Devskiller, Interview Mocha. Moreover, B2B review services like Goodfirms, Clutch, G2, ITfirms, Appfutura allow businesses to review software companies.

Finding a Node.js programmer – Outsourcing

Outsourcing becomes the best option when a business needs to customize their product, need to adapt to changing market conditions, need to secure new financing, need a faster time to market.

Definitive

Consequent to the huge demand and effectiveness of JavaScript in keeping up with client-side code there was a need to have a server-side programming capability among developers for some time. Node.js filled this gap by being event-driven and callback driven. Top node.js development companies can adopt software development outsourcing as Node.js is comparable to PHP, Python, Ruby on Rails, Golang – Node.js is being used by Fortune 500 Companies and rates highest on scales of Performance, security, coding efficiency and open-source framework. Big banners like NASA, IBM, Microsoft, PayPal, Walmart, Uber, LinkedIn, Netflix, Trello are trusted customers of Node.js. Hire nodejs developers to build apps for social media platforms, streaming players, online payment systems, real-time project collaboration and management tools, e-commerce platform, single-page applications with complex functionality, real-time applications, IoT applications, applications using micro-services architectures and likewise. Considering snarling COVID-19 Pandemic, stay safe, keep coding. Reach out to us for more!

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