How does the multi-vendor marketplace business model work?

The business model of multi-vendor marketplace differs according to the type of business, target market, and the geographical area. Following are a few business models,

• Commission model
• Subscription model
• Service charge model

Commission Model:

This model generates revenue through commissions. Different commission rates are fixed for various products, and the business growth is accelerated through the commission percentage. This model motivates in pushing sales higher, which directly increases the revenue generation.

Subscription Model:

The subscription model is the least complex and best business model. This model offers many discounts and waivers to create high engagement. Subscriptions are based on a yearly and half-yearly basis.

Service charge Model:

Independent online grocers adapt the service charge model. They charge a specific amount as a service charge for the online grocery service they provide to the customers. The primary source of revenue in this model is the service charge, and then comes the profit on the products.

Source On: https://www.softsuave.com/blog/upgrade-your-grocery-business-using-a-multi-vendor-application/

Advantages and Disadvantages of IT Outsourcing in Soft Suave

Outsource Accelerator states India as the leading country for outsourcing services. Considering the 14 super cities that provide 24/7 service with the help of the latest technology, India stands tall amidst the countries that provide outsourcing services. India also houses top talents in the world who are specialized in IT and software development. The following are the advantages and disadvantages of outsourcing services to India.

Lower cost: The wage difference between the western countries and Asia is the primary reason behind the more economical cost concept during outsourcing. Though the outsourcing service costs less, the quality of the service will never be compromised in countries like India as the resources are all the top talents in the world.

Access to a pool of highly talented resources: During the process of outsourcing, especially when it comes to India, you get access to the pool of highly skilled resources. The literacy rate and volume of people speaking English are high compared to most of the countries around the world.

Increased efficiency and results: The technology expertise and experience of the resources in India are very high, thus any outsourced work to India, especially when it is given to a company like Soft Suave – leading IT outsourcing company in India, is guaranteed to have great result with increased efficiency.

Furthermore, Advantages and Disadvantages of IT Outsourcing in Soft Suave

Why mobile apps are the future of the food business?

How many of you used a mobile application today to order food online? I am sure there would be many. The hectic schedule of the people is making them tiring and lazy to cook their food. Gradually this routine has turned into a habit, and now, almost everyone is relying on food delivery as it gives various options in cuisine selection at a discounted cost and the ordering process is also made easy with the help of the mobile application. The mobile app works hand-in-hand in the food delivery business.

According to Statista, revenue in the Online Food Delivery segment amounts to US$122,739m in 2020, and the revenue is expected to show an annual growth rate (CAGR 2020-2024) of 7.5%, resulting in a market volume of US$164,002m by 2024.

Know more about why mobile apps are the future of the food business?

Features and Development Cost of a Dating App:

Dating applications must be fun to use. Features integrated into the app must lift the mood of the customers. Consider and consolidate the features and development cost of a dating app before starting the development process, as it will increase the success chance of the application before and after deployment. The features mentioned below will facilitate you to build an app like a tinder and an MVP according to the cost affordability. Finally, in order to break even and reap rewards soon, make sure to develop a dating application that is freemium.

Source on: https://www.softsuave.com/blog/a-step-by-step-guide-for-successful-dating-app-development/

The idea to start a taxi business using an Uber-like app clone

There is no better way to start a taxi business than by using an Uber-like clone app. Uber-like clone applications have all the features that facilitate the smooth running of a taxi business. Before starting a taxi business, it is essential to understand the nature of your business. If you already have a fleet of taxis, then all you need is the driver application and rider application. If you just want to get into a taxi business, you need a complete package that has both rider & driver application, admin console, and panels that manage riders & drivers.

Uber-like clone applications need a considerable investment to start the development process. If you need an affordable Uber-like clone, you must follow this step-by-step guide for successful taxi booking app development suggested by Soft Suave. The experienced developers in Soft Suave will give you an MVP if you have a little cost to build an Uber-like clone. The features and customizations increase depending on the price you are ready to invest.

The most essential features in the Uber clone driver and rider application that helps you to kick-start your taxi business are, Geolocation integration, Fare Calculation, Push notification, and Payment gateway. Geolocation integration helps both the driver and rider to track each other and estimate the time to meet for the pick-up. Fare calculation is the most essential feature that facilitates users of the app to calculate the approximate fare for the ride to be taken from a specific location to the destination. Push notification reminds the users of the application about the trips to be taken, ETA, rewards, and discounts. A payment gateway must be integrated for the users to make their payments without any hassles. These basic Uber-like clone features will help any individual who has an idea to start a taxi business. 

Top reasons to choose AngularJS for development

AngularJS is creating a buzz since its launch in 2010. It has become one of the widely used frameworks by the developers. Choosing AngularJS for your development is made easy with the help of the following features. The MVC and MVVM Architecture save a lot of time for developers while developing web apps that correspond to mobile apps by splitting apps in MVC architecture. AngularJS used the two-way binding that facilitates the changes in the user interface to influence application objects immediately and vice versa. AngularJS allows creating multiple modules related to a single application to deliver better architecture, functionality, and flexibility. Above all the other features, code reusability gives the developers an extra advantage over the other frameworks.

AngularJS checks all the boxes of a developer who wants to develop feature-rich, robust web and mobile apps. To find out more reasons to choose AngularJS for your development, read further.

Source on: https://www.softsuave.com/blog/reasons-to-choose-angularjs-for-application-development/

Create your own Indian multi-vendor marketplace

eCommerce is the ever-growing sector. The multi-vendor marketplace is the best-suited marketplace model for the growing eCommerce trend. Matching with the eCommerce growth is only possible if you get into developing marketplace applications. A useful marketplace application must support multi-vendors to participate in the marketplace. As the multi-vendor marketplace application, it acts as a bridge to the customers and sellers, the buying and selling process is made simpler and more manageable. Features in a multi-vendor app must be customizable according to the need of the vendors and customers. Providing them with a secure application or webpage to shop products and a payment gateway for cash or card transactions are the significant features to be made available for the multi-vendor app users.

The trick of integrating smart notification alerts will be a win-win situation for the vendor and the buyer. Read further to know the additional features to be added to our marketplace application and create your own multi-vendor marketplace.

Source on: https://www.softsuave.com/blog/must-have-features-for-your-multi-vendor-marketplace-application/