Marketplace Development

Upsilon helps businesses build full-featured two-sided marketplaces that connect manufacturers, sellers, and buyers via centralized commercial hubs.

Leverage our expertise in marketplace development and unleash the power of network effects to trigger the exponential growth of your customer base, conversion rates, average transaction value, and, as a result, your business profitability.

Marketplace Development Introduction
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Build a Multi-Vendor Marketplace with Upsilon

Why is it worth it to create a two-sided marketplace platform? This business format is a mutually beneficial decision for all parties – customers, merchants, and the platform owner. Customers get access to a huge variety of products from multiple vendors. They can securely buy assets online and get them delivered at their doorstep. Manufacturers and sellers can achieve a large consumer outreach, raise their brand awareness, and boost sales via a streamlined mechanism of booking, ordering, and payment processing. Marketplace owners generate profit through implementing monetization whether it сan be a subscription-based, commission, or flat payment model.

When it comes to creating a multi-vendor marketplace, you have a variety of opportunities. You can foster the competencies in-house or team up with Upsilon – an experienced marketplace development company that will save your time and take care of cost-effective solution implementation.

Multi-Vendor Marketplace Illustration

Our Marketplace Development Services

Building a marketplace is a multi-step process which is not equal to launching a basic online store that can hardly be distinguished from an army of clones. At Upsilon, we provide a comprehensive array of marketplace development services to help you create a full-fledged solution that could become a potential game changer for your business.

Your business can be 100% sure that every component of your platform - from responsive UI design to complex functional modules and integrations with third-party services will be delivered in time with the highest possible quality.

Marketplace Website Development

If you are going to build a two-sided marketplace, a website will always be at its core.

Bank on our web development expertise and develop a site with outstanding UI and UX, increased scalability, custom integrations, and advanced functionality powered by Big Data, Artificial Intelligence, and Internet of Things.

Mobile Marketplace Development

With mobile devices everywhere, customers want to access online stores directly from the palm of their hands via mobile apps.

Through powerful marketplace mobile applications we provide users with seamless shopping experience regardless of their device, screen resolution, and operating system.

UI/UX Design

We design visually appealing interfaces that encourage user engagement, nurture brand affinity, and increase a marketplace’s competitive advantage.

Secure Payment Gateways

Integrate a payment gateway into your marketplace app to enable real-time transactions all over the globe. With such tools like Stripe, PayPal, Braintree you will automate payment processing and increase data security on your platform.

DevOps

Take advantage of our managed DevOps services to accelerate the integration of new features into your marketplace and ensure fast and continuous delivery of updates to end users.

Quality Assurance

By combining well-tuned QA processes and sophisticated performance tracking tools, we ensure the stability, security and error-free functioning of your marketplace application.

Discover our custom software development services

We are ready for challenges of any scale and complexity. Take a closer look at our service portfolio to find out how UpsilonIT can help you unlock the power of new tech and speed up your digital transformation.

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Our Featured Work in Marketplace App Development

We provide end-to-end marketplace development services that help our customers gain a competitive edge, streamline business workflows, and underpin a growing user base. Explore the highlight of our portfolio - a custom full-featured marketplace, harnessing the power of AI and providing instant art market data, price history, comparable works, and real-time estimates.

Image for AI-powered Art Marketplace

AI-powered Art Marketplace

A global fine art marketplace that offers real time, data-driven art market analysis, peer-to-peer selling, and industry news.

Features Your Marketplace Might Require

Turn to our marketplace app development services to create a custom solution with a unique blend of features covering all aspects of marketplace administration and multi-vendor management.

From user authorization and content management to in-depth performance analytics and customer care, a marketplace application delivered by Upsilon will help you attract buyers and vendors globally, and reach your aspiring business goals.

Marketplace administration

  • User and account management
  • Product category and listing management
  • Content management
  • Offers and discounts management

Multi-vendor management

  • Vendor onboarding
  • Personalized commissions and fees
  • Vendor administration
  • Automated billing management
Features for admins illustration
  • Sign up/Log in
  • Product creation, upload and deletion
  • Product parameters updating
  • Multi-language support
  • Price and discount management
  • Currency settings
  • Notifications
  • Messaging and chatting
  • Automated booking, ordering, payment processing, delivery and order fulfillment tracking
  • Payment management
  • Performance analytics: visualizations and reports
Features for vendors illustration
  • Sign up/Log in
  • Search and filtering engine
  • Favorites, wish lists, and collections
  • Ratings and reviews
  • Online shopping cart
  • Order management: booking, tracking, canceling, and history
  • Notifications
  • Messaging and chatting
  • Personal offerings and recommendations
  • Questions and answers database
Features for customers illustration

Have a marketplace application on your company roadmap?

Whether you want to build a marketplace from scratch, reshape the existing one, or need consultancy regarding your marketplace business idea, we are the right fit for you.

Let’s talk

Technologies We Use for Marketplace Development

Taking into consideration the purpose and complexity of your future platform, we choose the most suitable and cutting-edge programming languages, frameworks, and integrations to ensure that all functionality will be delivered according to requirements, in time, and without overruns.

Combined with our mature development process, these suite of tools help us create secure, scalable, and high-competitive marketplace applications.

Back-end

PythonDjangoFastAPINodejs

Front-end

ReactReact NativeNextJSGatsby

Infrastructure

AWSDigitalOceanGoogle Cloud Platform

Integrations

StripePayPalMollieHotJarGoogle AnalyticsMailChimpHubSpotUptimeRobotSentry

Why to create an online marketplace with Upsilon

By choosing Upsilon as a partner for a two-sided marketplace launch you pick a team of professionals who will help you:

  • Analyze the competition and shape a competitive advantage
  • Elaborate and set up a monetization model
  • Choose a tech stack best-suited for your business scope
  • Deliver the required functionality in time and within the budgetAll-embracing knowledge of the specifics of Slack API that allows providing best-in-class bot development services
  • Implement payment gateways and other third-party integrations
  • Monitor platform’s performance and ensure its stability and security
  • Roll out improvements and new features continuously
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Marketplace Development Process at Upsilon

From marketplace’s type definition and business model determination to engineering and continuous post-launch support, Upsilon will take care of you throughout the project lifecycle. Being an experienced marketplace development company, we elaborated a mature process that will help you stay within budget, prove product-market fit, gain competitive advantages, and, as a result, boost your business growth.

Discovery & Business Analysis

  • Marketplace’s type definition
  • Market and audience analysis
  • Business model determination
  • Requirements gathering
  • Identifying core features
  • Picking the tech stack

Product Design

  • Mapping out the user journey
  • Wireframes creation
  • Prototyping
  • UX and UI design

Product (or MVP) Development

  • Building an architecture and infrastructure configuring
  • Coding: feature development
  • Third-party API integration
  • Code review

Testing

  • Test cases creation
  • Manual testing
  • Automated testing
  • Issues detection and bug fixing
  • Performing regression testing
  • Tests results reporting

Deployment and Release

  • Marketplace’s release version creation
  • Publishing

Post-launch Activities

  • User behavior and feedback analysis
  • Performance monitoring
  • Product-market fit evaluation
  • Maintenance and support
  • Ongoing improvement and enhancement

Frequently Asked Questions

How do multi-vendor marketplaces work?

At its core, a multi-vendor marketplace is a platform where vendors can come together to sell their products or services to a curated customer base. Platform solutions of this type (they are often called “two-sided marketplaces”) can offer ample choices to the customer and high volume growth to vendors. The best part about marketplaces is the network effect. This means more buyers lead to more sellers, leading to more buyers, and so on. Once such a system sets in, it creates a great advantage for a company.

What is a marketplace example?

In fact, there are now hundreds of marketplaces you could potentially leverage to reach new customers. The most well-known examples are:

  • Amazon
  • Walmart
  • eBay
  • Wish
  • Etsy
  • Alibaba
  • Google Express

There are also niche online marketplaces like Bonanza and Fruugo, fashion-focused marketplaces such as Zalando and Fullbeauty, bargain-focused marketplaces such as Tophatter, and the list goes on.

How much does it cost to create a custom marketplace?

It should be understood that calculations at the initial stage can never be precise. Basically, the cost of custom marketplace development is defined by such factors as the project’s complexity and location of the marketplace development company. For example, if you decide to outsource your marketplace project to an IT company from Eastern Europe, the price for a fully-fledged solution will vary between $50K–$250K. At the same time, a marketplace solution created by developers from Western Europe will cost you approximately $100K–$500K. Finally, if you decide to turn to a US-based firm, be ready to spend no less than $250K–$900K.