We cannot deny the fact that the e-commerce marketplace is trending in different sectors. So, if you are planning to start your business, this is the best time to invest in classified marketplace app development to gain maximum profits.

It is not easy to gain customers from the conventional business models that most businesses used to follow. It does not just apply to business owners, but also to individuals who want to sell their products online. Well, it is now easy to sell your products online just by uploading the images of your products. You can get several customers who are searching for similar products as yours online. It is possible only through buy and sell marketplace apps like Letgo.

This article will help you learn about the essential features, benefits, functions of this platform along with steps to follow to create an online classified marketplace like Letgo. So, let us get started.

What Is LetGo?
It is a free app that helps you sell a range of things just by following super easy steps. All you need to do is to upload clear images of the goods you wish to sell with relevant details about the product :

LetGo – How It Works?
The app is based on 3 main user types and they are
Admin
Sellers
Buyers

The process followed by the 3 user types for the smooth running of the app is :
The product images are uploaded by the buyers on the app
The listing is verified by the admin
Once the listings are approved they are made visible to the buyers
The product is searched by the buyers and they can get in touch with the seller
The seller sells different products on this platform

Why Do Users Rely On Letgo? Why Are Businesses Inspired To Build An App Like Letgo?

Some of the common factors that attract both users and businesses to choose Letgo are :

1. Lucrative Selling
A few rules set by online classified marketplace Letgo make sure that every single thing listed by the user on the app is sold without any hassles. For instance, Letgo believes in product images that contain texts, Hence, it recommends sellers focus on images and upload attractive, clear, and informative images.
2. In-app Communication
The communication between the buyer and the seller on this platform is fast which makes the deal successful. Letgo offers in-built chat on the app that is easy to mention the necessary details for both sellers and buyers. Also, users can schedule a meeting within the app itself.
3. Incredible search functionality
Letgo offers amazing search functionality that helps buyers to explore through multiple categories, names, or regions where the products are available. Similarly, sellers can also list their products with names and categories for buyers to search their products.

4. Use of Geo-tagging feature differently
The buyers and sellers on the Letgo marketplace app utilize Geotagging feature wherein sellers can change the nearest radius in the listing which displays products available in the nearest locations of the customer. Google Maps service is used by Letgo to get convenient and detailed maps for multiple regions.

5. Helpful personalization
Using personalization components implemented by Letgo is something you need to consider while creating a mobile app. These elements are
Localizations- In case you decide to grow your business to different locations, you need to offer multilingual support just like Letgo does
Push-notifications- It is an easy way to update your users about the new content on your app.

How Does Letgo Make Money?
Letgo relies on different business models to make money like :

Letgo Pro
Auto dealers can make the most of the LetGo platform. They can get more leads. One can buy a free trial for 30 days with LetGo Pro at $99 to gain customers.

Bump- Up Premium Feature
The feature helps advertise the sale of a specific item by listing it on top search results. To list it on top, the sellers have to pay $2 for 24 hours.

Google Ads
This includes contextual promotion of services and products.

The Process To Follow For Online Classified App Development Like Letgo
Come up with an app idea
Choose the right business and monetization model
Integrate basic & advanced features
Create impressive UX/UI
Integrate secure payment gateways
Test your app
Launch the app

Vital Features To Be Integrated Into Your Online Classified Business App
The vital features to be considered during classified business app development are :

User Panel
Account Verification
Signup (Google, Facebook, Phone, Email)-
Home Page
Login (Email ID & Phone)
Explore
Favourites List
Chat
Product Information
My Account to manage their account & billings
Coupon Code
Browse Seller Profile
Geolocation
Product rating/review

Admin Panel
Signup or Login
Seller or Customer profiles verification
Dashboard
Manage rewards
Manage sellers or customers
Manage invites
Push notifications
Payment
Pre-notification (Facebook, SMS, Email, WhatsApp)

Seller Panel
Login via Unique ID
Maintain Profile
Post Ads
Promote
Contact
In-App Chat
Stats

Estimated Costs To Build A Marketplace App Like Letgo
If you have planned to create a buy and sell marketplace apps like Letgo, then make sure you do not overlook the concept of AI and image recognition systems. To plan your budget, the marketplace app development cost relies on several factors like :

Features integrated into your classified app
The complexity of the app
Time to complete the app development project
Location of the tech-team
App development company you hire

So, to get an estimated cost for classified app development, the above factors should be considered to build an app like Letgo.
You need to hire a dependable mobile app development company to help you build a scalable app like Letgo. If you have not shortlisted any of such companies yet, The Q Dev can help you get a profitable classified app with the necessary features and functionalities. We have an experienced tech team to help you integrate basic to advanced features like Letgo that help the sellers and buyers connect under one platform.
Wrap Up

Apart from the features and functionalities listed above, you need to perform market research to identify your target audience. Certainly, to get the required features and functionalities into your app just like Letgo you need to hire an expert mobile app development firm to get started with a flawless app development process and get a classified app that meets your expectations.