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How Much Does it Cost to Build a Marketplace Website in 2021

The article was originally published on Codica Blog

Do you want to start a successful marketplace like eBay or Amazon? It is a perfect idea as eBay generated more than $10 bln of net revenue in 2020. Here comes the main question: how much does it cost to build a website marketplace in 2021?

For this reason, we have prepared a thorough guide that will help you get approximate pricing of marketplace development. It includes the list of features, technology stack, and software type your future platform will need.

Types of online marketplaces

What is a marketplace website? It is an e-commerce platform that works as an intermediary between buyers and sellers. It facilitates virtual shopping for consumers who can choose goods or services online from different suppliers.

Before building an online platform, you should define the type of your future marketplace. It is a business model that will help you implement the right monetization strategies.

Besides, marketplace websites can differ depending on the participants involved. They include the B2B, B2C, and C2C platforms. This classification is also important to understand the best revenue sources you can implement on your platform.

How to build a marketplace website?

So, you have two options: to build an e-commerce website from scratch or use a ready-made solution.

Off-the-shelf software

It is a good solution if you want to launch your online marketplace as soon as possible. It becomes available as you can skip wireframing, development, and testing.

However, this option also provides some drawbacks. For example, you can face customization issues. The matter is that the software includes certain limitations so you can’t go beyond them.

The most popular open-source products are Sharetribe and Magento.

So, how much does a ready-made solution cost? Sharetribe offers its customers the following prices:


Bespoke software

If you want to launch an e-commerce website with personalized business logic, consider custom software development. This approach will allow you to implement diverse functionality and build a complex system like Amazon or eBay.

There are different ways of starting the process of online marketplace development. These are as follows:

- In-house development team
- Freelance services
- Software development agency.

The core benefit of the last option is that such companies have solid experience in marketplace development. This way, you can be sure to get the solution that you need.

As for the prices for software developers’ services, everything depends on their rates and location. For example, Payscale states that the average hourly rate of a Web Developer in the USA can exceed $100 per hour.

In Eastern European countries, development costs are lower. For instance, if you decide to use the services of Ukrainian software development companies, they can charge you around $25-49 per hour.

To be more precise, here is a table of the average web developer hourly rates for the US, Western, and Eastern Europe regions according to Accelerance.

Tech stack for marketplace development

Before starting an online platform, consider the programming tools you will use to build a marketplace. Why is it crucial for entrepreneurs? The tech stack you implement will influence the application’s performance and maintainability. Shortly, you may get low page loading speed and face the scalability and update problems.

Let’s take a look at the main technologies you will need to implement the platform features.

Server-side
Take into consideration Ruby, Ruby on Rails, ElasticSearch, Redis, i18n gem, MySQL, Sidekiq.

Client-side
Considering front-end development, pay attention to the following tools: HTML5, CSS3, JS, React, Vue.js, Angular.

Tools and integrations
At Codica, we use AWS S3, GitLab, GitHub, Slack, and Digital Ocean.

Main functionality for a marketplace website

Here is the list of basic functionality for an online platform:
- Marketplace MVP features
- Registration / Authorization
- Profiles
- Item listing
- Advanced search
- The product page
- The shopping cart
- Payment methods
- The administrator panel.

How much does it cost to create a marketplace app?

If you need the exact figures, below is the detailed table. It shows the approximate costs of building must-have functionality for an online marketplace.


This way, it will take approximately 972 hours to build a marketplace app with advanced features. If we consider the average rate of $45, the price to build a website starts from $43,740.

In fact, there are two important factors that influence the final development costs:

- The unique requirements of each project;
- The hourly rates of the software company you choose.

Codica expertise in a marketplace development

At Codica, we have been building custom marketplace apps for 6 years. Our priority is to build fast-loading and engaging websites. They will help you generate traffic, boost conversion rates, and increase sales.

Since 2015, we have delivered successful applications for travel, finance, automotive, insurance, and other domains.

Multi-vendor vehicle marketplace
The Codica team built the platform for a successful startup that is the first vehicle marketplace in Africa. It enables buyers, private sellers, and dealers to interact. This way, they can buy, sell, exchange new and second-hand vehicles, motorbikes, and trucks.

What are the outcomes?
- 430% traffic growth for the past two years;
- 90+ independent online marketplaces operating separately;
- Lower page load time.

Summing up

We hope our article helped you realize how much does it cost to create a marketplace app. In case you want to hire a reliable software company, we will be glad to help you build a marketplace website. Check our ready works or contact us to discuss your project.

Originally published on Codica Blog.
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Quando se deve bloquear sites em sua empresa? Veja 8 fatores para considerar!
Se você possui uma empresa corporativa já deve ter ouvido falar sobre o bloqueio de sites em seus computadores para que os funcionários não se distraiam e só possam acessar os sites referentes ao trabalho. Esse é um assunto delicado, pois o bloqueio e a liberação de determinados sites em ambientes corporativos podem ou não levar em conta os interesses pessoais dos funcionários. Empresários e gestores de TI veem uma necessidade de restringir o acesso a determinados sites na hora do trabalho, mas nem sempre sabem como fazer isso. Por isso, a seguir nós mencionamos 8 fatores para considerar na hora de decidir se irá bloquear sites da sua empresa. Confira! 1 – Foco e produtividade dos funcionários As empresas que liberam todos os sites podem notar um problema muito comum em seus funcionários: a falta de foco que resulta em uma baixa da produtividade. A grande maioria de nós possui redes sociais e nos distraímos facilmente, principalmente se temos livre acesso a elas. Sem falar que muitas pessoas podem acabar mandando mensagem durante o dia e podemos nos distrair respondendo e resolvendo problemas pessoais. A produtividade é uma métrica muito importante dentro da empresa e ela deve ser levada em conta na hora de decidir se haverá o bloqueio de sites. O foco deve ser no desempenho da equipe, por isso se a produtividade está muito baixa, filtrar os sites que os colaboradores podem acessar pode ajudar a resolver. 2 – Consumo de banda larga O consumo de banda larga se torna excessivo quando a internet é totalmente liberada para os funcionários. A internet acaba sendo usada para fins pessoais como acesso a redes sociais, programas e jogos, além de alguns funcionários podem baixar programas para o computador da empresa. Algumas sessões da empresa precisam dos downloads, mas outras necessitam de uma rede mais estável que pode acabar sendo prejudicada se a internet estiver sendo usada para outros fins. O YouTube é um dos sites mais acessados pelos funcionários e um dos que mais consome banda larga, podendo deixar a internet mais lenta. Por isso, leve em conta como está o consumo da banda larga e se a internet anda lenta ou não, para definir se alguns sites serão bloqueados. 3 – Segurança da rede A segurança da rede também é um ponto muito importante e que deve ser considerado na decisão de bloquear sites. O livre acesso aos funcionários deixa a rede da empresa mais vulnerável a vírus e links maliciosos que são encontrados em downloads ou em sites não confiáveis. Nas redes sociais também é possível receber algum link malicioso e quando menos se espera, a rede da empresa pode ser prejudicada ou até mesmo hackeada. Muitas vezes, para evitar isso, algumas empresas permitem que os funcionários levem seus próprios computadores e dispositivos, mas recomendam que o antivírus esteja em dia. 4 – Maturidade Analise se a equipe de funcionários que você possui é madura. Se sim, será muito mais fácil de aceitar a sua decisão de bloquear os sites e não tentar burlar o sistema. A maturidade é algo muito importante para uma equipe e se a equipe se demonstrar comprometida com a produtividade, você não terá muitos problemas. 5 – Custos Os custos também devem ser considerados, afinal todos os demais tópicos refletem neles. As empresas que deixam o acesso liberado aos funcionários devem estar cientes que podem receber ataques ou serem hackeadas a qualquer momento e por isso devem estar preparadas para arcar com os custos de reparação. Além disso, acabam pagando mais com a banda larga. 6 – Satisfação dos funcionários Na hora de bloquear os sites, leve em conta que todos os funcionários precisam de alguns minutos ao longo do dia para descontrair e descansar, para que possam voltar ao trabalho com muito mais foco. Nem sempre o problema é liberar o acesso, mas sim impor limites. Se você preferir, estabeleça um horário no dia a dia em que o acesso ficará totalmente livre, como no horário do almoço, por exemplo. 7 – Particularidades de cada equipe Para definir os sites que cada grupo de funcionários poderá acessar, é preciso levar em conta o setor que atuam. A equipe de Marketing necessariamente precisará ter acesso às redes sociais para fazer as análises e implementar campanhas, por exemplo. Por isso, o ideal é descobrir as necessidades de cada equipe e estipular os sites liberados de acordo com isso. 8 – Analise É necessário analisar os dados da sua empresa diariamente. Analise quais foram os sites mais acessados pelos funcionários, confira se todas as restrições impostas estão sendo respeitadas. Compare os resultados com as análises de produtividade da equipe para ver se está dando resultados ou não. O contato próximo aos colaboradores te fará ter mais empatia e te ajudará a entender melhor como ajuda-los com o foco e a produtividade. https://www.ss3tecnologia.com.br/post/quando-se-deve-bloquear-sites
Tips to secure your IOT based development solutions and services
The COVID-19 pandemic and 2020 lockdown put all analyst predictions into confusion, but as the economy begins to recover, IT consumption is predicted to pick up again, including the rise of the Internet of Things(IoT). The Internet of Things is not a single category, but rather a set of sectors and use cases. According to Research healthcare, smart offices, location systems, remote asset management, and emerging networking technology would boost IoT market growth in 2021. The Internet of Things (IoT) has a lot of advantages and risks. Supporters of technology and manufacturers of IoT devices promote the IoT services as an effort to better and simplify our everyday life by connecting billions of “smart” IoT devices  (such as Smart TVs, Smart Refrigerators, Smart Air-Conditioners, Smart Cameras, Smart Doorbells, Smart Police Surveillance & Traffic Systems, Smart Health & Performance Tracking Wearable, etc.) to the Internet. However, because of consumer privacy and data security issues with IoT Devices, IT Security Professionals believe it is unsafe and too dangerous. Secure Connection People benefit from stable cloud technology in a variety of ways, from encryption to other solutions. Other options are: Improving the security of your Internet gateway Before a device boots up, it performs a stable boot, which is a software device check. Keeping the cloud-based provider’s solutions up to date on a regular basis. To protect your private browsing data from possible attacks, use a protected VPN link. Building a Secure Network Access Control should be activated on your network so that only approved devices can connect. You should take the following steps: Build a firewall. Secure your authentication keys. Install the most up-to-date antivirus software to keep your network safe and secure. Here are some IoT security solutions for the most common IoT security issues: Secure the IoT Network To protect and secure the network linking computers to back-end networks on the internet, use standard endpoint security features such as antivirus, intrusion prevention, and control mechanisms. Authenticate the IoT Devices Introduce various user management features for a single IoT device and introduce secure authentication protocols such as two-factor authentication, digital signatures, and biometrics to enable users to authenticate IoT devices. Use IoT Data Encryption Encrypt data at rest and in transit from IoT devices and back-end networks using standard cryptographic algorithms and fully encrypted key lifecycle management procedures to enhance overall protection of user data and privacy and avoid IoT data breaches. Use IoT Security Analytics  Use IoT Security Analytics Tools that can detect IoT-specific threats and intrusions that standard network security solutions such as firewalls can’t detect. Use IoT API security methods Use IoT API Security methods to not only protect the privacy of data flow between IoT devices, back-end systems, and applications using recorded REST-based APIs, but also to ensure that only approved devices, developers, and apps communicate with APIs, as well as to identify possible threats and attacks against specific APIs. Test and IoT Hardware To ensure the security of IoT hardware, set up a robust testing process. This involves detailed testing of the range, power, and latency of the IoT system. Chip manufacturers for IoT devices must also improve processors for improved protection and lower power usage without rendering them too costly for consumers or too impractical to use in existing IoT devices, provided that the majority of IoT devices on the market today are inexpensive and disposable with minimal battery power. Develop Secured IoT Apps Given the immaturity of current IoT technology, IoT application developers must place an emphasis on the security aspect of their applications by integrating any of the above IoT security technologies. Before creating any IoT applications, developers must do complete research into the security of their applications and try to achieve the best possible compromise between the user interface and the security of their IoT software. Be Aware of the Most Recent IoT Security Threats and Breach Conclusion To ensure the security of the IoT devices and applications, the device makers and app developers must beware of the latest IoT security risk and breaches.  Since the Internet of Things is also a new concept, security flaws are likely to happen. As a result, all IoT device manufacturers and IoT app developers must be prepared for security risks and have a proper exit strategy to secure maximum data in case of a security attack or data breach  Finally, all IoT device manufacturers and IoT app developers must take action to inform their staff and customers about the current IoT risks, breaches, and security solutions. Visit IoT Development Company page if you have any concerns or would like more details about it.
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.
MS-101-deutsch Prüfungsfragen, MS-101 Examübungen
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Importance of Pharmacovigilance
Pharmacovigilance is a wide term to portray drug security. It portrays the assortment, security, appraisal, assumption, and checking of the vindictive impacts of drugs and medications. It is an association driven and cognizant locale inside the prescription business. It is the success assessment of cutting edge prescriptions surveyed under accommodating or persistent states of clinical use in goliath associations. Pharmacovigilance expects to perceive dull security issues as ahead of schedule as could be viewed as ordinary. It likewise plans to perceive an expansion in the rehash of these insightful impacts, surveying perils, keeping patients away from being affected ridiculously. Pharmacovigilance has developed essentially as of late, and its significance genuinely and on a very basic level in the clinical thought industry has been seen. To upset or chop down steady dangers, Pharmacovigilance is principal. The high certainty of the opposing impacts of the drugs has expanded both mortality and grimness in emergency offices and neighborhood. These ADRs are known as one of the immense clarifications behind death any place on the world. To improve the medication and make it less hazardous to the client, Pharmacovigilance acknowledges a basic part. Clinical Research Course. The information and impression of the medication experts towards the flourishing profile of the remedies acknowledge a chief part in the patient's thriving. These experts should be a ton of aware of the opposing impacts of the medication and the rehash of event. They are moreover obligated for revealing new or dull outcomes of the medication. Clinical thought experts should correspondingly be a great deal of careful that no solution is absolutely alright for use. They should rehearse with a specific extent of shortcoming. Pharmacovigilance gives the proof that will move the overall people to treat their ailments. It besides gives confirmation about medication related issues like treatment frustration, drug interests, wrong use, and so on, making it clearly as far as possible inside a medicine affiliation. Making, creator, and supporter any medication/cure, the social event affiliation should hold fast to requesting rules and rules. These standards and rules commonly spin around the security of the client. It on the other hand rotates around the advantages acquired by an enduring customer. Here's the clarification Pharmacovigilance is so fundamental to a drug affiliation: 1. Consumer success and unsurprising alert: Pharmacovigilance guarantees the security of the patient and their generally flourishing all through the general improvement cycle, even after the medication is rapidly accessible looking out. Pharmacovigilance empowers the medications to be innovatively checked for new results and results or for any new information to be aggregated and offered a clarification to the particular experts dependably. Maybe than most divisions of a medicine affiliation, the pharmacovigilance area just spins around the security of the patient. 2. Power and authority: The senior individual from the medication thriving bundle has the circumstance to propose the fruition of the progress of a specific medication. This thought shuts the improvement illustration of the medication. These senior managers additionally can do precisely the opposite. They can prescribe the concerned specialists to take that specific cure off the market as well. This can be a delayed consequence of inestimable results or an enormous heap of missing data about the remedy. It can in like way be an immediate consequence of another piece of data that can incite this choice. 3. Moving forward: The remedy flourishing profile stays with the drug moving. This recommends that it will deal with a cross-supportive explanation. This division of the affiliation holds the greater part of the power and can without an entirely momentous stretch lead to new approaching systems comparatively as medication probabilities. Pharmacovigilance keeps up different kinds of general thriving projects that give solid data to the productive evaluation of the equilibrium of dangers and advantages. It enables the got, sensible, and more4 powerful utilization of different drugs. It further adds to the evaluation of advantages, capacity, hurt, results, and so on, as well. Pharmacovigilance pushes direction and clinical arranging by giving pharmacovigilance training, pharmacovigilance courses, clinical research training, clinical research courses, etc. Pharmacovigilance has been made cautious and made by the World Health Organization (WHO) with the essential suspicion for reacting to the surprising necessities to the subtleties of the flourishing profile of medications. With the current making headway and quick improvement of remedies, Pharmacovigilance has a lot of significance and need. What is the unavoidable fate of Pharmacovigilance? The predetermination of Pharmacovigilance considering its making significance in the space of fixing. With the improvement of Pharmacovigilance considering the creating generally speaking individuals, expansion in the measure of ADRs, and rising advancing sicknesses, the importance of Pharmacovigilance is at the pinnacle. Imaginative advances acknowledge an essential part later on for drug success. Cloud-based blueprints, mechanized robots, man-made reasoning, and so on, are being brought into the universe of medications. The raised headway makes Pharmacovigilance Training even more amazing in the vibe of precision and the flourishing profile. The blend of patient-conveyed datasets held by clinical thought trained professionals and the most recent AI models offer drug affiliations the opportunity to make new experiences at a speed and scale that to this point has not been conceivable. These experiences relax up not exclusively to the adequacy of the medication yet despite the individual satisfaction markers that can refresh the solution.