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How to Build a website like Upwork
The gig economy gradually takes over the world. After the outbreak of Covid19, it is getting clear that freelancers hardly want to return to their 9-to-5 office routine. Businesses, in their turn, seem satisfied with the status quo. As we can see, the gig economy with its flexibility and lower commitment proved beneficial for both parties. This latest trend resulted in the emergence of so-called freelance marketplaces. These are platforms where freelancers and businesses can collaborate. You have probably heard about Upwork, which is the biggest and most popular freelance marketplace. This article is dedicated to the process of building a website like Upwork. We will discuss such terms as a value proposition and revenue model. Also, you will find out what features your platform should have and what tech stack you need to build them. The definition of the freelance marketplace Let’s start with the definition of the term “freelance marketplace”. This way, it will become clearer for you what kind of platform you are going to launch. A freelance marketplace is an online platform where employers can hire specialists for any kinds of remote projects. The key benefits of freelance marketplaces like Upwork are: - Fast access to gifted professionals. - Cost-effectiveness. - The opportunity to hire talents on demand. Popular freelance marketplaces are Upwork are Fiverr, Toptal, Freelancer.com, and PeoplePerHour. The key challenges of freelance marketplaces Let’s take a look at the challenges associated with freelance online marketplaces. Late payments - after the outbreak of Covid-19, freelancers often face payment delays. Necessary currency exchange - contractors have to convert US dollars into their national currency. In addition, the payment gateways popular in their countries may not be available on the freelance platform. Quantity vs. Quality - fewer acceptance criteria mean a large talent pool. However, the quality of services provided by freelancers can be unsatisfactory. At the same time, the rigorous selection process can create a deficiency of contractors. The success story of Upwork Upwork started as two separate freelance marketplaces. They were called eLance and oDesk. In 2013 these websites merged into a single platform Elance-oDesk. After the rebranding, the website was renamed into Upwork. Today there are more than 10 million freelancers and over a million employers on Upwork. Upwork functioning Upwork belongs to the generic bidding marketplaces. Let’s find out what his term means by analyzing each of its components. Generic - Employers can find professionals for any kind of remote projects. Bidding - Candidates set the price and employers the most suitable price option. Marketplace -There are two sides on the platform interacting with each other. These are sellers (in our case, freelancers) and buyers (in other words, employers). So how can you find a specialist for your project? Let’s discuss two available options: 1. Finding a predefined project Browse a project catalogue with predefined projects on Upwork. Enter your keywords in the search box and filter results based on specific parameters. They include category, talent options, budget, and delivery time. If you found a suitable solution, proceed to this project and check available service tiers. Contact the contractor if you want to specify the project details or get additional information. Below you can see the example of a predefined PWA project on Upwork. 2. Hiring a specialist for a custom project Create a job post with a detailed project description and required skills. If a specialist finds it interesting, they will send you a proposal with basic info and the bid (hourly rates or fixed price for a completed task). Below you can see the example of a job post on Upwork: Revenue model Upwork uses two revenue models that are service fee and subscription. Let’s take a closer look at each of the monetization strategies. Service fees It should be noted that service fees are different for freelancers and employers. Thus, contractors have to pay 5%, 10%, or 20% of each transaction. The percentage is defined by the sum freelancer billed an employer. Employers, in their turn, are charged with a 2.75% payment processing and administration fees. Client membership The platform offers two plans. The Basic plan is free. To use Upwork Plus, employers will have to pay $49.99 per month. How to build a website like Upwork: Step-by-step guide Select your niche Define which freelance marketplace you are going to build. Will it be a general one like Upwork? Will you choose a narrow niche and create a marketplace for designers or content writers? For example, 99designs.com is a platform for hiring web designers. You can see its homepage below: Create a value proposition There are two reasons why you should have a clear value proposition: 1) To highlight the advantages of your product and differentiate yourself from market rivals. 2) To get the upper hand by covering drawbacks in your niche. If you do not know where to start, begin with the following values your platform can bring to employers and freelancers: - Accessibility; - Price; - Time. Choose the type of your freelance marketplace Your next step is to select the right freelance marketplace type. You can use of of the following options: - Local freelance portals. - Freelance online platforms focused on short-term jobs; - Freelance marketplaces for long-term projects; - Industry specialized freelance marketplaces; - Part-time jobs websites; - Enterprise based freelance portals; - Contest platforms. Take a look at the example of live design competitions on Arcbazar. Define the revenue model Below you can see the most common monetization strategies for freelance platforms. We hope that you will be able to choose the most suitable option. - Gigs and packages model; - Subscription; - Freemium model; - Deposit model; - Advertisement; - Custom price; - Mixed model. Choose the must-have features Consider the functionality you want to implement on your freelance marketplace platform thoroughly. It will help you stand out from the competitors and attract more users. The list of required features for a website like Upwork looks the following way: - Registration and user profiles; - Search and filters; - Job listing; - Bidding mechanism; - Messenger; - Review and ratings; - Project management tools; - Payment gateways. Select the right technology stack Let’s overview briefly what programming languages, frameworks, and tools you can use to build a website like Upwork. Back-end - Upwork opted for PHP and Java programming languages. However, you can use other technologies for example Ruby and Ruby on Rails. They are a good choice for online marketplace development projects. Front-end - Upwork chose Angular.js and Bootstrap. At Codica, our preferred tech-stack for front-end includes React, Vue.js, JavaScript, HTML5, and Gatsby. Third-party tools and integrations. Upwork uses different tools and apps to achieve its business goals. We should mention Jira, Slack, Google Workspace, Marketo, and Zendesk are the most popular among them. Final words We hope that our thorough guide on building a website like Upwork proved helpful for you. If you have an idea of creating a freelance marketplace, do not hesitate and contact us. For more information, read the full article: How to Build a Website Like Upwork and How Much Does it Cost?
How to Save Costs on Custom Software Development for Startups
The article was originally published on Codica blog Building a software product from scratch may seem costly for a startup on a small budget. In reality, expenses vary significantly depending on the solution, experience, and your partner's team. In this article, we will discuss our key findings to bring down the cost of software development. 1. Create a detailed business plan Be clear about the main objectives you ultimately want to achieve. Bear in mind the wide range of business goals based on your particular product. To begin with, define who your target audience is and set a pricing strategy. Who are your competitors? What advantages do you have over them? To achieve success, you have to dive deep into the details. As you write down each of the elements, you will be able to reach the finish line more quickly and easily. This approach will also highlight areas where cost reduction is possible. An example below by Instamojo depicts essential elements that a business plan should include. As all elements have been set, the question of progress tracking arises. Use the right key performance indicators (KPIs) and metrics that reflect startup dynamics. You have to stick to the indicators that are meaningful for your startup. If you’re not sure about the best starting point, you could begin with the following KPIs: * Customer Acquisition Cost; * Customer Churn Rate; * Customer Lifetime Value; * Monthly Recurring Revenue; * Daily Active Users. Read also: How to Build a SaaS Startup in 10 Smart Steps 2. Build an MVP first By the time you have summed up all plan details, you can take a look at the minimum viable product. It may cost too much for some startups to build a fully-featured product at once. For this reason, you need to know what level of “minimum” is ok for your MVP. Since an MVP has only basic functions, developers will need less time to deliver measurable results. Consequently, the development part becomes less expensive. Importantly, in this case the users will adopt your solution much earlier. Apart from the cost reduction, a huge benefit of building an MVP is shorter time-to-market. Proof of Concept vs Prototyping There are two more things we would like to mention in this section, namely the proof of concept and a prototype. Let’s take a look at the differences between those terms. Both of them describe a version of your future product, albeit in different ways. Proof of Concept (POC) describes whether you can realize the idea or not — it’s a test of certain functions. This is where you need to step aside from such frills as performance and usability. A prototype, in contrast, offers you a graphical presentation of the final product. It gives you a basic idea of crucial design elements, including layout and navigation. In our examples below, you can see the prototypes built-up by Codica. The first one is an e-commerce prototype selling online courses for children. The second prototype is for a trailer marketplace. Read also: Minimum Viable Product vs Prototype: What’s Best to Validate Your Business Idea 3. Start testing as early as possible You can reduce app development costs by avoiding the need for redevelopment. It is recommended that software is tested at early development stages. Otherwise, you can risk accumulating bugs, which will need a considerable budget to get fixed. Performing regular tests, in contrast, will allow you to fix all emerging errors. Another thing is that continuously reworking the project will delay the release date. Thus, ignoring the test results at the early stages can turn out wrong. For example, you risk skipping the right timing to attract customers. Speaking of testing, we have to underline the importance of early adopters. The sooner you reveal your MVP to the audience, the faster you will get valuable feedback, and use it to develop a full-featured product. You may also like: How to Calculate the Cost to Build a SaaS App in 2020 4. Use the Agile approach The strongest side of the Agile methodology is that it leaves room for a rapid turnaround. Thus, it's possible to add new features to an ongoing project with no delays or extra expenses. In our experience, the Agile approach is the best one for startups because it is: * Flexible * Cost-effective * It helps mitigate risks The Agile approach ensures that your partner works only on the required functionality. A product manager, for its part, bridges the gap between the development team and a client. Overall, Agile deepens the collaboration between the software developer and a client. As a result, you increase your chances to complete the project on time, on budget, and with high-quality results. 5. Hire a proven software company Now It's time to think about a dev team that will provide you with a software solution for a startup. You may go for sourcing freelancers. It's getting easier every day due to a large number of freelance marketplace websites. But keep in mind that it has certain risks. For example, the low hourly rates can lead to the poor quality of services. Alternatively, you can build an in-house development team. In this case, you will get high engagement. Still, this option can be fairly pricey. When creating an in-house team, be ready for the following expenses: * Salaries and compensations * Software licensing * Taxes * Holidays and sick leaves * Hardware Finally, partnering with a company experienced in software development for startups helps you reduce many expenses. You don’t have to recruit, train, and retrain software engineers. Similarly, there's no need to deal with downtime costs or finding an optimal replacement. If a development agency provides full-cycle development services, their team will include developers, UI/UI designers, project managers, and QA engineers. Therefore, they will be able to cover all your needs on custom product development. What is more important, specialized MVP development agencies have accumulated expertise of building multiple Minimum Viable products. Which means that you will get not only the product itself but recommendations based on best industry practices. As a result, this team will help create your MVP within a short timeframe and reasonable budget. How can Codica help Case study: Babel Cover App Since 2015, Codica has been offering a wide range of services to help startups to thrive. Our expertise in transforming ideas into final products includes full-cycle application development. Take a look at one of our many projects, an insurance progressive web application. Codica built an app for Babel Cover, an early-stage startup specializing in digital insurance. The solution we delivered allows users to quickly and easily purchase the insurance right from their smartphones, as well as report an incident. As already mentioned, the application created is a PWA. It is cross-platform, which helps the customer save time and budget instead of building two separate Android and iOS apps. Conclusion Custom software building can be challenging. It is, however, not a stop sign if you find a development partner that suits your project well. Hopefully, the tips we have uncovered will be impactful to your future startup. Here at Codica, we enjoy meeting complex challenges specific to the startup context. Do not hesitate to ask our specialists about your projects and get a free quote.
Key Steps For An Effective Fleet Maintenance Program
Fleet business comes with its dynamics and it requires continuous technology upgrades for its improvisation. As technology is advancing and providing some of the best solutions to better your fleet management services, allowing you to work upon some of the key implementations that help you build a successful fleet maintenance program. To develop a successful fleet maintenance program your priorities should be to work on some of the leading strategies that are currently missing in your business, and their incorporation could bring in the much-needed betterment in the overall performance and upscale of your fleet business. We have listed down some of the key steps that will help you evolve your fleet maintenance program: 1.Identification of the Requirements The initial step is to identify and find the requirements for your fleet business to be upgraded. Identify the assets you can look upon the preventative and corrective maintenance in developing the crucial strategy. Proper maintenance of your fleet is equally important, with corrective maintenance you can include the scheduled corrective maintenance and breakdown maintenance. This helps out in the optimal maintenance of your fleet assets. A clear strategy needs to be followed, when it comes to maintenance of your fleet assets there shall be no lapses between the operations and handling of the procedures. A fleet maintenance software becomes useful for the management of your fleet assets and other important details. 2. Planning To get your fleet management program successfully delivers upon the fleet business requirements. You require proper planning and execution. The important thing to keep in mind during your planning stage is to know what you are working on and solving the right problem. For instance, to solve the fuel maintenance problem, you can not just ask the vehicle drivers to work out the problem as the driver alone can’t get you the solution. You will have to plan out well with the team to figure out what all lapses are occurring and get the solution. With quintessential planning, you can upscale the quality of work that empowers your fleet business with increased productivity and reduced downtime. 3. Scheduling of The Work Timeline With the scheduling of the tasks, a fleet business can perform well and also keep a tab upon the statistics. Scheduling majorly brings its usability in letting us know when the work needs to be done. Accordingly, we manage our assets for the best outcome. Here a glimpse of how scheduling helps: It provides the operations manager with the maximum permissible downtime for the asset and the best time for it to commence. For assets gather the work requirements that can be completed in the given time frame with no lapses. With every new task being generated upon you should strategize well ahead in scheduling the task. It allows you to manage your fleet with an accuracy of well-planned and scheduled efforts. It gives the required details for tracking the performance of your assets for the overall fleet business progress. 4.Executing the Plan An optimal fleet maintenance process allows a fleet business to get the task right the first time. To Ensure that each fleet personnel is properly trained and equipped to undertake the assigned tasks, or if you’re outsourcing the workforce, then verify your suppliers’ quality of work The work instructions should be well briefed, clear and define what sort of work ethics need to be followed to get timeline-based performance. There should be detailed supervision on the automated as well as the manually assigned tasks to the fleet members 5: Completion of the Task Under a well-structured fleet management program, the tasks operated by following the methods get you the desired outcomes in completing a task. With fleet maintenance software, you can record all the relevant information on the fleet assets allows managing well on your assets with key details like maintenance time, cost, and other valuable details. With details leading to better quality work, you can be well prepared for future issues coming into your fleet management and maintenance. 6: Analyze The Assets A major benefit of the fleet management system is the gathering of data on the services and operations. You can manage it well to find upon your lacking and work with an up-hand on the newer tasks. Some of the management solutions you can find through good analysis are: Scheduled Maintenance Records Task duration & reports Vehicle and fleet records Fleet personnel data records While developing a highly efficient fleet maintenance system, you need to follow the steps discussed in detail. It allows you to grasp the essential knowledge related to the fleet management system, which allows you to develop a highly successful and efficient fleet management system. To know more about a leading Fleet Maintenance System visit Hashstudioz