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Building an MVP for online marketplace: action plan

We're into online shopping, it's a fact. And the situation won't change: e-commerce experts expect the number of digital buyers to soar year by year.<br><br>It may be the right time to check the validity of your marketplace idea by turning it into an MVP and getting the real users' feedback.<br><br>Learn about<br>- Marketplace types & verticals<br>- What you should do before building your platform<br>- How does the process of MVP development looks like<br>- Top marketplace features<br>- Rough cost estimation of the marketplace MVP<br>- Getting customer feedback<br><br>https://jellyfish.tech/how-to-build-marketplace-mvp/

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Building an MVP for online marketplace: action plan

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  1. Building an MVP for online marketplace step by step *Marketplace is a digital platform that makes supply & demand meet and processes the payments. *MVP is the first version of your product with only basic functionality included that could solve the problems of your target audience better than any other application existing on the market.

  2. Define who are your customers and whether they need your platform 1. Do market research to identify your target audience ● Define their pain points ● Prepare the interview questions ● Interview your future customers to verify your assumptions ● Define your value proposition ●

  3. Decide which features to include into the first version of your platform (MVP) 2. Do customer development interviews ● Draw up the list of requirements ● Create feature list ● Turn the high-level requirement into specific tasks (user stories) ● Design a roadmap ●

  4. Decide on how your platform should look like 3. Conduct a UX research to find out how to ensure the best user experience ● Think of how your product will like ● Draw up the customer journey map ● Create a final prototype ●

  5. Get your MVP developed 4. Set up a dedicated team ● Develop features ● Test the features ● Iterate until MVP is ready ● Release ●

  6. Collect customers’ feedback, define the metrics to track 5. Observe your first users using your platform, get their feedback ● Learn about their challenges ● A/B the features ● Start tracking important metrics right away ● Iterate to improve your platform ●

  7. How to save time & budget developing a marketplace MVP As one of our expertise is MVP development, it’s crucial for us to optimize this process and provide a better service. Instead of building a product from scratch each time, we’ve set up an “assembly line” — a starter development kit (SDK) that actually covers the common product functionality from authorization to media upload. We optimized the “production”, enabling our customers to get the first product version in 4-8 weeks depending on the complexity and save money.

  8. Features list & rough cost estimate of marketplace MVP building Scope Hours, without SDK Hours, with SDK Scope Hours, without SDK Hours, with SDK Homepage 20 14 Authorization 30 12 User profiles 20 16 Admin panel 30 16 Payment integration 30 8 Search 8 6 Filters 18 10 Media upload 6 3 Recommenda tion system 30 14 Chatbot 30 20 Shopping cart 20 10 Messaging 60 30 Notifications 14 6 User roles 10 4

  9. Features list & rough cost estimate of marketplace MVP building Scope Hours, without SDK Hours, with SDK Plus: ● Product gallery 20 10 Code testing (unit, integration, etc), refactoring 160 / 40 h Quality assurance 40 / 20 h Project management 40 / 20 h Infrastructure planning 30% Reviews 16 10 ● ● ● Multi-language 30 16 Total 822 Total with SDK from Jellyfish.tech 352

  10. Have an idea? Discuss it during a free consultation with our MVP development dream team: Kseniia Goldovska CEO & Product Discovery Specialist Roman Latyshenko CTO, Software Engineer, Full-Stack Dev Nata Akulova Sales & Business Development manager@jellyfish.tech +38 099 718 9002 Follow us:

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