How Much Does It Cost to Build a Freelance app like Fiverr?

The freelancing culture took over the world like Tsunami over the past few years. Many companies have shifted their hiring interests towards freelancers to access numerous benefits for their businesses. In contrast, freelancers enjoy worldwide demand and generate sustainable income from massive projects. Overall, freelancing has taken center stage, and it’s expected to intensify in the future.

Due to a demand for freelancers, many freelancing service applications have emerged over the years. Since these platforms have become extremely popular, developing websites like Fiverr can create a high return on investment for investors and developers.

Let’s review a few statistics to make you more interested in freelancing service platform development.

• More than 7 million freelancers have signed up to use Fiverr.
• Freelancers make up 53% of Generation Z employees.
• The size of the global freelance platform market is anticipated to increase between 2021 and 2026 at a CAGR of 15.3%.
• 58% of people who do not already freelance are considering it in the future.

These numbers might have increased your excitement regarding Fiverr-like app development. So, are you willing to develop a freelancing service app? Like others, the first query you might have is regarding the cost required to build a Fiverr-like app.

Don’t worry anymore! Auxano Global Services is here to give you a review of the budget you’ll need to set aside to develop a freelancing service app from scratch. Let’s get started, shall we?

Overview of Freelancing Service Apps like Fiverr

Shay Wininger and Micha Kaufman launched Fiverr in 2010. They observed the difficulties that could arise when connecting businesses and contractors through freelancing. Fortunately, they used a market-based strategy to resolve those problems.

Fiverr is a two-way freelancing platform, similar to other online marketplaces, allowing contractors and business owners to communicate with one another.

Customers pay for so-called “gigs,” which are freelancers’ digital services. A wide range of areas is covered by the gigs, including blog entries, voiceover, programming, video advertisements, logo design, etc. On Fiverr, every service has a $5 starting price per gig and can cost much more with extras.

Reasons to Invest in Freelancing Service Apps like Fiverr

These apps are excellent venues for connecting employers and independent contractors. Here, independent contractors showcase their skills and land jobs from employers based on those skills. So, many investors have already become interested in accessing bespoke app development services to develop Fiverr-like platforms and benefit from them.

Therefore, your business will succeed if you take the time to develop a mobile app for a freelance service. Here are four fundamental explanations that will make sense to you.

Freelancers Are Increasing

We all know that more millennials and Gen Z people are inclined towards freelancing. Many people have made freelancing their mainstream income source. Consequently, these professionals are looking for clients and gigs to exhibit their skills and make more money.

So, it’s the best time for investors and developers to build classic Fiverr-like solutions. As freelancers are increasing, custom mobile app development solutions will witness a popularity hike in the future.

Companies Have Become Interested in Hiring Freelancers

Hiring freelancers has numerous benefits for organizations. For example, companies can appoint freelancers on demand without long-term contracts.

These benefits have compelled enterprises to find high-quality freelancers through several channels like Fiverr. Thus, investing in developing a freelancer service app is the best plan nowadays.

More User Engagement

Developing a user-friendly and interactive freelance service app has numerous advantages. You can create an engaging UI/UX Design to attract more audiences. They will love to quickly find gigs and get easy payouts if you provide a hassle-free experience through your platform. Consequently, more engagement will lead to higher profits for the investors.

More Opportunities To Earn Profits

You can find numerous ways to monetize your freelance service apps. And the best part is all these methods work and become successful in generating a high ROI. So, it’s the most effective strategy to invest in cost to develop freelance service apps like Fiverr to churn substantial revenue.

Must-Have Features in a Freelance Service App

It’s best to plan to walk through these features to better understand the budget required to develop a freelance service app from scratch.

Registration & Verification – Freelancers and business owners must register for an account on this mobile app in order to access this platform. The email verification process is required to finish the registration process.

Freelancer Profile – The app requires freelancers to create a profile where they may provide details about their education, background, skills, location, and examples of their work.

Employer dashboard – For the Employer or entrepreneur to manage their account, payment, market information, and project specifics, this function is crucial.

Search and Filters – A search option is crucial when looking for both a job and a talented freelancer. With the filter option, ample time is saved.

Automatic gig & package calculator – It is used to project the cost of the app and the fee for the customer or freelancer.

Project management tools – For the freelancer to manage job status and determine the budget for the clients’ work, this software requires a work-time tracker and a few additional resources.

Payment gateway – The secure payment processing function is the most important element of the App, where the transaction takes place between the two parties.

Job listing and bidding – Employers can post various jobs or gigs on the freelance service app using this feature. Besides, freelancers can compete with each other by placing bids on a specific job through the website.

Ratings & Reviews – For the freelancer, feedback, and ratings from clients are important components since they assist them to land additional jobs.

A global online marketplace called Fiverr offers jobs and services, occasionally building a customer base with different features and functionalities. The price of digital marketplace apps like Fiverr, therefore, depends on the features and functions you want to include in your application.

Providing an accurate estimation for Fiver-like app development is complex. The cost required depends on several variables, including application platforms, developers, complexity, desired additional functionality, number of development hours, and more. However, the budget required to develop a Fiverr-like app typically ranges from $10,000 to $15,000 and can change based on customer needs.

How Can Auxano Global Services Help You?

Auxano Global Services is the leading mobile application development company in the UK. We have years of expertise in developing various Fiverr-like apps and helping our clients get a massive ROI effortlessly.

Do you want to develop a freelancing service app like Fiverr? Do you wish to hire the best app developers for your project? If yes, here’s how we can help you!

• We have a team of skilled app developers having years of experience building Fiverr-like apps.
• Our team knows the industry and can help you overcome the challenges like a breeze.
• You can hire our best mobile app developers for various engagement models.
• We are the most cost-efficient app development team, ensuring lower investments and higher ROIs.

Conclusion:

As you already know, developing a freelance service app is the best plan for developers and investors these days. It’s the ripest time to build a Fiverr-like app from scratch and start yielding high revenues at the earliest. Are you ready to execute your freelance service app development idea? Contact us today!