Perspectives on used items differ based on individuals – some may find it annoying while others may find it valuable! Well, a human being’s lifetime and time again instill one thing – nothing is new in this world except for a certain time. Adding perspective to the point, online marketplaces like Letgo, OLX, and Joysale has been reinstating the importance of used items these days. Of which, for reference, we have taken Letgo – an American buy and sell marketplace platform. In this blog, we highlight the potential of the Letgo clone app for your classified business, and so on.
What is the Letgo app?
It is an online classified platform that allows users to buy and sell the used items with others locally. A seller will post an item on the platform, and wait for a buyer to contact him/her. Upon receiving a contact, both of them can fix a meeting place to exchange the item, most preferably for cash!
So, it takes the thrift shops completely out of the equation and let the users sell or buy from the comfort of their homes.
Why Letgo clone app for your online classified business?
The business model is quite clear – connecting sellers with buyers through dedicated mobile apps. Most importantly the business model helped entrepreneurs overcome challenges like lack of product information, lack of authenticity, and so on.
So, if you’re destined to launch an online classified business, choose Letgo clone script – the affordable script in the market.
Here’s why you should choose the script;
- Pre-built script – Since it is a readymade clone script, the development process wouldn’t last more than 4-6 weeks.
- Cost-effective – Leveraging a clone app is a far better and affordable option than developing an app from scratch.
- Scalability – Start regionally and witness the Letgo clone script takes it from there globally.
- Versatility – More products, more revenue! The app clone script lets the business owners add as many product listing options to generate revenue in every possible way.
The online classified is almost like a remodeled eCommerce business, the only difference might be the customers’ preferences!
How can you generate revenue?
For any app-based business, the revenue stream is important! Likewise, for the online classified forum, generating revenue is vital. However, this platform couldn’t follow the footsteps of other businesses, where a strategy like a paid app version is implemented. Since the Letgo clone app is an online marketplace forum, its revenue depends on how many buyers and sellers interact through it!
So, you might ask, “how can I make money?” Here’s how;
- Featured listings – Well, some sellers would want to sell off their products quickly while some won’t! Capitalize on the urgency of the seller and enhance the visibility of the product listing by letting the seller pay for it.
- In-app ads – Partner with brands and let them run ads on your app/website. In this way, you can make money!
- Transactional revenue – Almost 15% of a business’ total revenue relies on this option. It is money earned whenever there is an exchange of cash for goods through your platform.
Well, these are some common ways to make money. However, you must come up with your way of generating revenue!
Notable features – Letgo clone app script
Deploy this section on the home page of your app, and let the buyers find nearby available products – let it be a used Smartphone or tablet or laptop!
Before buying a product, the buyers would love to check the credibility of the sellers’ profiles. So, let the buyers examine the sellers’ profile – name, location, ratings & reviews, images, etc.
Ensure the Letgo clone script you choose, comes with the built-in camera accessing feature that allows sellers to take snaps of their products.
Establish direct communication with sellers and buyers through a chat feature that also should be end-to-end encrypted.
Ratings & Reviews:
Make sure you let the buyers leave a review on buying a product. The review can be on sellers’ responsiveness, product quality, and so on.
The Final Thoughts
An online classified platform facilitates trade between buyers and sellers. So, it is vital to develop a Letgo clone app that is intuitive and easy-to-use.
Well, in general, before starting any business, competitor analysis is mandatory. We hope that you do it too!
Feel free to contact us for any queries related to online classified business.
For more read visit our Goappx site