‘Let’s get it online’ , ‘Let’s order it online’ ,** Let’s Amazon it. ** We hear and utter these words on day to day basis. These words need no further introduction of the context. These have become the slangs for ordering products online from an eCommerce app. We specifically would like to focus on the third word i.e. ‘Let’s Amazon it’ in this blog.
Amazon holds nearly 38 percent of the market share of the entire eCommerce market in the US as of 2024. The next big is Walmart at a mere 6 percent, and eBay at 3.5 percent making Amazon the Goliath that no David can reach. Amazon is credited to change the eCommerce landscape not only in the terms of selling the products but various aspects such as customer support, seller protection, buyer protection, logistics and supply, and many more.
Amazon App specifically stands as the right choice to get an inspiration from when you are looking to setup your own eCommerce business and thinking of developing an eCommerce App.
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E-Commerce Platform
Percentage of Market Share
Amazon**
**37.8 %**
Walmart
6.3 %
eBay
3.5 %
Others
52.4 %
Source:
https://www.demandsage.com/amazon-statistics/
Developing an eCommerce app like Amazon can cost somewhere between 15,000 USD to 50,000 USD depending on various factors which we would explore in this blog.
Table Of Contents
- [How Amazon has disrupted the eCommerce space?](#Healthcareapps)
- [Features of an eCommerce App like Amazon](#TelehealthApps)
- [Technology Stack for developing an App like Amazon](#TelehealthZocdoc)
- [What is the cost of developing an eCommerce App like Amazon?](#telehealthfeatures)
- [Conclusion](#Conclusion)
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How Amazon has disrupted the eCommerce space?
Before Amazon, eBay became a household name of buying and selling things online. The reason why eBay became popular during the mid 90s was, it provided a marketplace where anything could be bought and sold by anyone while Amazon only started with selling books. Soon, Amazon realised the potential of this market and by the early 2000s, it swept through the eCommerce industry disrupting the entire landscape by increasing it’s reach throughout the products and regions. Few of the reasons why Amazon became what it is today as per Nimblechapps are as follows:
Customer-Centric Approach
Amazon prioritized customer satisfaction. Their focus on providing a seamless and convenient shopping experience, along with excellent customer service, set new standards for the industry. Customer reviews, easy returns, and fast shipping became integral to their strategy.
Marketplace Model
Amazon's marketplace allows third-party sellers to offer their products on the platform, significantly expanding the range of products available to customers. This model has empowered small businesses and individual sellers, fostering a diverse and competitive eCommerce ecosystem.
Data-Driven Personalization
Amazon leverages data analytics and machine learning to personalize recommendations for users, creating a tailored shopping experience. The use of algorithms to suggest products based on user behavior has become a standard practice in the eCommerce industry.
Prime Membership and Two-Day Shipping
Amazon Prime, introduced in 2005, revolutionized online shopping by offering subscribers fast and free two-day shipping on eligible items. This created a sense of urgency and convenience, encouraging more people to shop online and stay loyal to Amazon.
Voice Commerce
With the introduction of Amazon Echo and Alexa, Amazon pioneered voice-activated shopping. This has opened up new avenues for eCommerce, allowing users to make purchases using voice commands, further simplifying the shopping process.
Innovative Technologies
Amazon has invested heavily in cutting-edge technologies such as artificial intelligence (AI) and robotics. This has influenced the supply chain, warehouse management, and even the development of devices like Echo and Alexa, expanding the scope of eCommerce beyond traditional online retail.
Looking to develop an eCommerce app like Amazon? **Contact us **
Features of an eCommerce App like Amazon
Amazon App and platform is a multi-vendor space meaning there is no one seller on the platform. Amazon hosts multiple sellers to create their own shop and sell their products online using Amazon marketplace. Amazon though handles their sale, logistics, customer support, returns & cancellations and so on for which it chargers a fee to the sellers. The features of a platform and app like amazon hence can be divided into two segments.
Seller
Buyer
Seller Dashboard****
A centralized dashboard providing an overview of key metrics, including sales, orders, and customer feedback. Real-time analytics and reporting tools to track performance. User Registration and Account Management**** Easy and secure user registration. Personalized user accounts for order history, preferences, and saved information.
Product Management****
Easy product listing with options for adding images, descriptions, prices, and inventory details. Bulk listing and editing capabilities for efficiency. Intuitive Product Search and Browsing**** Powerful search functionality with filters for quick and accurate product discovery. Intuitive navigation through categories and subcategories.
Order Processing****
Order notifications and a streamlined process for managing and fulfilling orders. Tools to process cancellations, initiate refunds, and handle returns. Comprehensive Product Listings**** Detailed product pages with high-quality images, descriptions, prices, and specifications. Customer reviews and ratings for informed decision-making.
Fulfillment Options****
Integration with fulfillment services, including options for in-house fulfillment or third-party logistics. Seamless integration with fulfillment networks for efficient order processing. Wishlist and Save for Later**** Ability to create wishlists for future purchases. Save for later functionality for items that are not immediately purchased.
Inventory Management****
Inventory tracking with real-time updates on stock levels. Automated alerts for low inventory and restocking needs. Shopping Cart and Checkout**** User-friendly shopping cart with easy item management. Streamlined checkout process with multiple payment options, address auto-fill, and order summary.
Shipping Management**** Customizable shipping settings, allowing sellers to set shipping rates, delivery times, and shipping methods. Integration with shipping carriers for label generation and tracking. Order Tracking and Notifications**** Real-time order tracking with status updates. Push notifications for order confirmations, shipping updates, and delivery notifications..
Advertising and Promotions**** Tools for creating and managing sponsored product listings and advertisements. Insights and analytics for monitoring the performance of advertising campaigns. Secure Payment Options**** Secure and diverse payment options, including credit/debit cards, digital wallets, and other payment gateways. In-app integration with payment services for quick and secure transactions.
Customer Feedback and Reviews**** Access to customer reviews and ratings for products. Tools for responding to customer feedback and addressing concerns. Customer Support and Help Center**** In-app customer support through chat, email, or phone. Access to a comprehensive help center with FAQs and guides.
Performance Analytics**** Comprehensive performance metrics, including order defect rate, late shipment rate, and customer satisfaction. Data visualization tools for trend analysis. Returns and Refunds**** Easy and transparent return and refund processes. In-app initiation and tracking of returns.
Returns and Refunds Management**** Tools for processing returns and managing the refund process. Clear policies and guidelines for handling returns. Deals, Discounts, and Promotions**** Easy access to special deals, discounts, and promotions. Coupon code redemption and visibility of ongoing sales events.
The features that can be included doesn’t just end here. A plethora of such features can be implemented. To explore more in detail, you can connect with any app development company who can guide you through the process of not only developing the app/platform but, implenting a business process similar to Amazon.com.
Technology Stack for developing an App like Amazon
The selection of a technology stack is contingent upon several factors, including the platform and target audience, project specifications, data storage needs, third-party integrations, development timeline, and budget. As a leading custom app development agency, Nimblechapps takes on the responsibility of recommending the optimal tech stack for your project.
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Web Front End: ** ReactJS, Angular, NextJS, VueJS
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** Mobile Front End: ** React Native, Flutter Kotlin, Swift
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** Backend: ** Python, NodeJS
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** Database: ** MongoDB, MySQL, PostgreSQL, Neo4j GraphDB
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** Payment Platforms: ** RazorPay, MangoPay, Stripe, Braintree, PayPal
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** Push Notifications: ** Firebase, PubNub, Apple Push Notification
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** Cloud Environment: ** Google Cloud, Amazon Web Service [ AWS ], Microsoft Azure
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What is the cost of developing an eCommerce App like Amazon?
As mentioned above, usually the cost of developing an App like Amazon can range somewhere between 15,000 USD to 50,000 USD. ** However, being the bespoke development industry calculates the exact cost based on various factors as mentioned below:
Business Process/Business Model
The cost depends heavily on the model of your business. Amazon is a multivendor marketplace as compared to a single vendor eCommerce App. Multivendor platform works in a similar way to that of a SaaS based product where sellers are different. In order to develop a multivendor platform, it require more efforts as compared to that of developing a single vendor eCommerce App.
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Features of the App
The cost of app depends on the features you want to include in the App. The features mentioned for sellers and buyers in the above table are the usual ones which cost a lower as compared to the features such as voice commerce, AI and predictive search, and other.
Technology Stack
The expense is also influenced by the technology stack selected for development. Choosing cross-platform technologies such as MEAN, MERN, or others tends to be more cost-effective compared to native technologies like Kotlin, Objective C, Swift, and similar options.
Location of the Development agency
The cost can significantly differ based on the geographical location of the company. Hourly wages vary across different regions. Choosing a top custom app development agency in India may result in approximately 1/4th of the cost ** compared to what you might incur with a company in the USA, the UK, or any other global region.
Conclusion
Ecommerce industry is being dominated by Amazon around the globe. However, there is definitely space for new players which was proved correct by FlipKart, an India eCommerce platform established in 2007 and still has surpassed Amazon to become the market leader in India with 48% of the market share. Amazon has the best customer support, logistics network, returns policy, and other after sales compliances which makes it stand out and worth taking inspiration from. You are on the right track of developing an App like Amazon to enter the eCommerce space. Try connecting with an agency that provides consultative approach to the idea to explore in detail.