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How to Build, Launch & Grow a Profitable Classified Website Like OLX - From Start to Profitby@rammis
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1,346 reads

How to Build, Launch & Grow a Profitable Classified Website Like OLX - From Start to Profit

by RammisApril 26th, 2022
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The online marketplace platform offers a great opportunity for buyers and sellers to get in contact and sell and buy products through the platform. Classified marketplace platforms are much more comfortable as the user can be both a seller and a buyer.

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The online marketplace platform offers a great opportunity for buyers and sellers to get in contact and sell and buy products through the platform. Classified marketplace platforms are much more comfortable as the user can be both a seller and a buyer.

Every aspiring entrepreneur shows interest in building a website like OLX, which is one of the leading classified platforms. Building a buy sell classified ad listing platform is not as easy as we think. There are several hurdles and challenges to be confronted to survive in the market.

Let us Find out Simple Ways How to Make a Website Like OLX.

Step 1. Start with a perfect domain name

Every online buy sell marketplace platform should have a catchy domain name that will help in getting more traffic. Visitors should be able to remember your domain name so that they can easily type and enter without any difficulty.

So, you need to make sure your domain name is short and simple and it should hold your business or brand name that will make it easy for you to get better brand recognition.

Step 2: Choose the Perfect Classified Platform

Once you finalize the domain name, the next process will be choosing the perfect platform to build your marketplace. The platform should be user-friendly and also mobile responsive.

You need to check all modules that will support your business operations and will help you to reach your sales target.

Make sure that the platform is SSL certified and that it protects the entire user data from all malware attacks.

Step 3: Install themes and plugins

To simplify your business operations, you need to add more plugins that are available online. Each platform you choose for your marketplace will support certain plugins and most of them will be free of cost.

You can download them and integrate them with your marketplace. Along with plugins, you will also find themes for download. You can use them to customize the look and feel of your platform and make it more appealing to your audience.

Step 4: Focus on your content

Now you have framed your platform well. The next process is to fill the appropriate content that will explain your business, your products, and your services.

You need to have a perfect content management system that will grab the attention of your target audience and will get you better traffic to your website. A clear product description will help the buyer to understand more about the product and will make him decide on buying it. This is possible only through effective content.

Step 5: Make sure that all features are present

Features play a crucial role in determining the success of your eCommerce website. When you think about how to build a website like OLX, the first thing that should come to your mind is its features.

OLX has gained more users mainly because of its unbeatable features. The customer-centric features have helped the platform gain credibility among its audience. Let us check out the must-have features that are to be integrated while building a website like OLX.

  • Simple user registration that will let all user groups easily register themselves.
  • Advanced search and filtering option to find the product in a few clicks.
  • Add favorite products to the cart that will help buyers to buy them later when needed.
  • Multiple payment options let buyers choose the one that is comfortable for them to pay.
  • Simplified order management that will support on-time delivery.
  • The review and rating system will support customers to share their feedback.
  • Social media sharing is very essential for customers to post them on their social pages.
  • Search engine optimized platform to get better search engine page ranking.
  • Attractive UI and UX to get better traffic.
  • Best loading speed to reduce the bounce rate of the platform.
  • In-built marketing tools for branding and promotion.
  • Advanced analytics and reporting features to know the performance of the marketplace.

Step 6: Move your website live

After setting all features, modules, plugins, and add-ons, it’s high time to launch your platform online and start your business effectively. For this, you need to rely on a perfect hosting service provider. Choose the best service that can give you a better loading speed and can help you in backing up all your customer data periodically. Check for their customer support because you need to be sure that your website will be live without any interruption.

Step 7: Monetize your website

You need to understand that you will not get orders or start earning immediately after launching your platform online. You need to increase your revenue channels that will assure your of better returns. Apart from the commission, you will get on each order, you need to have many more revenue sources that will increase your income.

  • Featured Ads
  • Listing fee
  • Third-party advertisements
  • Pay to post
  • Affiliate modules
  • Premium fee

You need to have all the above in your ecommerce software so that you can earn well like OLX.

How Much Does it Cost to Make a Website Like OLX

When you work on how to make a website like OLX, the first question that arises in your mind will be the cost of the development. You can be a startup or an SME or even a corporate, without knowing the cost you cannot decide anything. We need to know the costing and should arrange funds accordingly.

Many crucial factors are involved in estimating the cost of the development of a website like OLX.

  • The UI and UX you prefer
  • Number of users who will be involved in using the platform
  • Skilled developers
  • Hosting cost
  • Maintenance cost
  • Branding and promotion cost

All the above-mentioned aspects should be pre-planned if you want to know about the cost. Users can also go for a readymade solution that will have all power-packed features and it will be ready-to-launch. This will be more cost-effective when compared to the one that is built from scratch.

Conclusion

Before focusing on how to make a website like OLX, you need to do all the preliminary works that are essential to run your classified marketplace successfully. Without proper market understanding, no one can stand in the market. To make it a grand success, you need to analyze more and should have a clear understanding of your competitors’ strategies. This will help you beat them and retain your customers and increase your customer base.