When it comes to developing a new solution, creating it as a minimum viable product is a sound idea. It allows startups to spend less time and costs to launch the product to the market. In contrast to a minimum lovable product, MVP tests a product’s functionality and its appeal to users’ needs. This lean startup approach helps to find out whether it is worth putting effort into an idea.
So what exactly is the “minimum viable product”? And what benefits does it bring to startups? In this article, we will shed some light on the topic of the MVP and discuss the most famous examples of minimum viable products.
The concept of the minimum viable product can be illustrated the following way:
Basically, MVP is a version of your software product that comes with only the most basic functions. It is deployed with the goal of getting feedback from early users. Their reaction will show what should be changed/ deleted/ added to your software product.
Significance of MVP for a startup
According to the data provided by Statista Report, the absence of market needs serves as a reason why 35% of startups fail.
Given these figures, it becomes clear why building an MVP becomes the first and foremost task for any startup. Its core idea lies in getting feedback before you proceed to develop a fully-fledged project. You analyze the customers’ feedback and decide what to do next.
Basically, you have two available options. You can pivot your business idea. The term “pivot” supposes that you can iterate your strategy to create new hypotheses and test it. Alternatively, you can give up your business idea completely.
Either way, the launch of a minimum viable product helps your startup save costs and avoid failure.
Expected benefits MVP brings for startups
Let’s outline the key advantages of the MVP approach for startups briefly.
1. Quick launch
Since a minimum viable product requires only basic functionality, specialists offering MVP development services will build it much faster than a full product.
As a result, you get better chances to release your product before a similar solution enters the market.
In its turn, a fast launch will help you test marketing strategies earlier and scale your business properly.
2. Gaining investors
Investors need to see the market value of your product to provide you with financial aid. On that score, the launch of the MVP is a sure-fire way to show the demand for your product or service.
Provided that the feedback from pioneer users is positive, you can freely present your business idea to investors.
3. Cost efficiency
Since the functionality of your minimum viable product is limited to one-two basic functions, developers will complete your project within a shorter time frame. Consequently, development costs will be lower.
Besides, the immediate feedback from pioneer users will allow you to add new features and improve the existing ones gradually. With this approach, the product development process is getting less costly.
4. Narrow focus
The MVP concept will make it easier to come up with an outstanding and appealing value suggestion. You will not be distracted by adding sophisticated functionality that may turn out completely unnecessary. Instead, you stay focused on the distinctive advantages of the product you want to sell to your potential customers.
To achieve this goal, you will become especially selective as to the functionality you want to include in your minimum viable product.
5. Better insight into your potential customers’ needs
Comprehensive research of your target audience is crucial, no doubts about it. However, honest feedback from the first adopters works better than even the most advanced business analytics. It provides you with the most accurate data.
Your customers can tell you what features should be added in the new release and what functionality you can easily do without.
Examples of the most successful MVPs
There is hardly a person who does not know about Facebook. Today it is a complex platform offering different products and services, not to mention its status as the dominant social network.
However, few people know that, initially, Facebook had a simple concept. It was designed as a universal directory for Harvard students only.
By focusing on the crucial features, Zuckerberg and his team avoided difficulties common for many startups when they are launched. For example, they did not spend too much time and money on building unnecessary features.
After several months following the release, Facebook added three other prominent American universities that are Yale, Stanford, and Columbia.
On September 26, 2006, everyone aged 13 years and older got the chance to register on the platform. Thus, Facebook gradually became the biggest social network as we know it today.
Spotify is a classic example of an MVP with one dominant feature that came off with flying colors. Daniel Ek and Martin Lorentzon set themselves to create the best music streaming product. So, they stuck to one main feature, which was, as you may guess, music streaming.
Spotify’s MVP was a desktop version of the app presented to the closed beta. This way, the company tested the feasibility of their business idea in the most cost-effective way.
The product offered at a freemium price became popular among music fans, including influential music bloggers from Sweden. They saw the true value in this desktop application and started promoting it further.
In the short run, Spotify enhanced their product by building a mobile app.
This company also decided to develop a minimum viable product with a single prominent feature. The application should allow users to check-in in different places and receive badges as a reward.
As soon as the application became popular, Dennis Crowley and Naveen Selvadurai started iterating their product. They added recommendations, city guides, and other functions.
MVP is a great concept that will help you validate your business ideas in the early days of your startup. With its help, you collect initial feedback from pioneer users and investors without significant expenses. As a result, you can grow a client base and enhance the product.
Tesla is arguably the world’s biggest robotics company because our cars are like semi-sentient robots on wheels.Elon Musk
Robots are already shaping our lives. They assemble our cars in factories and create microchips that power our homes.
But that’s not all. Soon, we will be interacting with robots daily. In fact, this future is already here. From robots that vacuum our apartments, make our coffee, and even cook our meals.
The technology will only keep expanding. And with it, new opportunities will appear. Moreover, when ideas escape science fiction and become a reality, we know that big things are happening.
Robotics is fun, makes our lives easier, and opens new jobs for people of many professions. It’s no wonder many young people want to get into robotics.
This article will share awesome facts about robotics that will make you fall in love with it. It will help you determine whether robotics is a good career choice for you.
It Never Gets Boring
In rapidly developing technologies, there’s always something new to discover. Right now, that goes for robotics.
Robotics might be a good choice for those constantly seeking new challenges and new problems to solve. The field won’t get boring any time soon.
Those who enjoy dynamic work can rest assured that every workday will be different. Each day will present new challenges and new problems to solve.
On the other hand, civilization is blessed with new inventions almost every day. Whether it is a cooking bot that can challenge chefs in the kitchen or a flying drone robot that deters porch stealers, it simply never gets boring.
Therefore, if you like to think outside of the box and appreciate creativity, you will love robotics.
Robotics is a result of overlapping professions, making it one of the most versatile fields of research. There is room for specialists in engineering and computer science. Moreover, even cognitive psychologists can contribute.
Artificial intelligence, nanotechnology, bioengineering, mechatronics are all part of it! Like in all fields, the interaction between different disciplines gets this going.
If you want to work with people from many different backgrounds, robotics is for you!
It’s a New Field
We have seen huge developments in technology recently. As a society, we have indeed come a long way. That’s why many people have a false impression that there’s nothing new to discover.
But that cannot be further from the truth! There are a lot of problems we still haven’t solved, and many of them are in robotics. For example, self-driving continues to puzzle engineers. Perhaps you will work on a team that cracks that problem.
There are many opportunities in the space, and many are not even tried yet. If you want to solve some of them, why not join one of the 1700 robotics competitions held every year on a global level?
That number should show you that there is a huge demand for solving robotics problems out there. This leads us to the final point.
It’s a Great Career Choice
Whether you look at it in terms of pay, career advancement, or relevance in the future, it’s hard to beat robotics.
Education and experience in robotics are almost guaranteed to stay relevant in the coming decades, and maybe even more.
Moreover, they will likely offer great pay and benefits. For instance, the average salary for a robotics engineer in the US is around $99,040 per year.
Whether it’s a toy, business, medical or military niche, the number of options makes room for everyone willing to learn.
A career in robotics is also great for meeting other bright people. That’s an excellent asset for anyone that wants to move up or start its own business.
And that could be you. You could be a few skills away from a genuinely life-changing career choice.
Risks and Security
Unfortunately, if you choose to go that route, you will probably discover how vulnerable these systems can be to hacks. Hacking is an issue in any computer network. With robotics, it could be catastrophic.
For instance, in 2016 hackers took control over the computers running San Francisco’s public transport. They remotely opened the gates, which meant that the passengers did not have to pay for their rides.
Now imagine what could happen if robots were in charge of driving the buses. That’s why security will have to be a top priority for any robotics project.Hacks like these can also endanger your data. That’s why installing a trusted and the best VPN service is always a good idea. A VPN will protect your privacy by encrypting your browsing history. This way, hackers won’t be able to manipulate your data.
If you ever thought about building a shopping mobile app? Then you should definitely consider a Poshmark marketplace as a role model for your future app. Why?
Across the internet, the resale market is blowing up. Platforms like The RealReal and StockX are making it easier than ever to buy and sell luxury goods, while ThredUP has become the world’s largest online thrift store.
In the middle of the market, there’s Poshmark. Today, the nine-year-old company announces it has paid out $2 billion to its community of seven million sellers. And what’s even more surprising is that a year ago, the company hit its $1 billion milestones, meaning it has doubled revenues generated for sellers in a single year. It’s just another sign that the resale market is gaining speed.
Poshmark is pricing its IPO at $42 per share, raising $277M, up from its $35-$39 price initially noted in an earlier filing — Online marketplace is raising $277 million in share sale — Poshmark IPO follows trading debut by consumer lender Affirmbloomberg
Poshmark is one of the largest social commerce marketplaces for buying and selling used clothes and it had a community of 60 million users at the end of 2019. It stands out clearly against the competitors thanks to its “social selling” model. The platform seems like a social media site, where users create profiles and chat about products before purchasing. As a result, the average Poshmark user spends between 23 and 27 minutes a day on the platform, sharing 30 million listings daily.
Social shopping and resale have fueled the closet phenomenon. Shopping and selling have become more fluid, accelerating the opportunity of a circular economy — and everyone’s getting on board. Shoppers are turning to platforms like Poshmark to extend the life cycle of clothing, creating a more prosperous future.
What is Poshmark?
We already mentioned that Poshmark is a social marketplace where everyone in the United States and Canada has the opportunity to buy and sell clothing. The customers of the platform can browse the marketplace and search according to specific criteria. Users can find everything from common items to exclusive luxury things.
Furthermore, users can sell their unwanted or unworn clothing and accessories at this platform. Purchases can be paid through PayPal, credit cards, and Apple Pay. Inspired by the success of Poshmark? Then let’s discuss how to create a website like Poshmark. It’s better to start from a minimum viable product (MVP). This approach enables you to confirm your idea at an early stage so you can get feedback from real users and improve your product as soon as possible.
What main features should have an app like Poshmark?
Poshmark stands out from its competitors by providing 100 % assurance to the buyers about the quality and hygiene of the goods. There are particular selling options by Poshmark which no other marketplace doesn’t provide.
Is there was a situation when you wanted to buy a product and while you filled in a form someone took the product first? But in Poshmark, the ‘reserve’ feature helps the buyer to flag the item for 10 minutes so that they can enter their details and even though they suffer from a slow network issue, there still be a chance to get the product.
In case, if the buyer abandons the cart, still the product stays as flagged for 10 minutes and then is open for other buyers.
58% are comfortable purchasing items through a social media platform instead of directly from a company’s website. Poshmark is among the most popular platforms to purchase from, alongside Instagram and Facebook Marketplace.POSHMARK REPORT
When the user wants to purchase several items from one particular seller, the normal procedure that they go through is by going on adding to cart one by one item which makes no difference even if the items were by different sellers.
But by using the bundling feature, the buyers can ask the sellers to create a bundle out of the products and the entire package can be sent to the buyers together. This provides the users with the ease to shop for their closet along with all the accessories.
Inspired with Poshmark success? Want to develop such an incredible app?
A TikTok-like Stories Feature
Poshmark is about to look a lot more like TikTok. The new feature will appear at the top of users’ feed, showing closets they follow in a vertical slideshow, which disappears after 48 hours. By clicking on a tagged item, you’re directly taken to that seller’s closet to purchase or make them an offer. Stories are intended to improve organic engagement among users.
We should forget standard features that have to be on a website similar to Poshmark:
Start using the platform shoppers and buyers should provide their names and email addresses. It is required by marketplace like Poshmark because users usually don’t like to fill registration forms and this has become a regular practice to use their existing social login credentials from Google or Facebook to sign up for the platform.
This page contains information about sellers (recent comments received and given, brands they follow, average shipping time, activities, registration date on the marketplace) based on this information buyers can decide whether to trust or not.
Listings of seller’s goods
It would be great if buyers will be able to see all products from a particular seller but also to sort them using filters like size, color, and price.
This function must be mandatory for shoppers to pick up items with convenient search functionality, intuitive product filtering, and simple product cards.
This page gives buyers a detailed description and several images to allow them to see the product from different angles with all details.
All transactions between buyers and sellers go through a payment gateway. This option allows buyers to pay using credit/debit cards or PayPal and enables sellers to get their money easily.
Apps like Poshmark use escrow payments, which means a third party regulates the payments between the two parties involved in the transaction. The escrow payments secure transactions since the escrow provider keeps the payment until all conditions are met. In terms of Poshmark similar marketplaces, until the buyers acknowledge receipt the payment will be withheld.
Trends: Poshmark vs Mercari vs Depop vs ThredUP
How do websites like Poshmark make money?
As we mentioned earlier Poshmark is a peer-to-peer marketplace where people sell new or used products to interested buyers.
If an item passes the threshold of 500$ (and thus classifies as a luxury good), Poshmark handles the authentication process. Other duties include the conducting of the payment and logistics.
Poshmark made many ways to monetize its user base.
To list products on a marketplace, sellers have to pay fees. For example, Etsy charges sellers $0.20 to list one product on the website for four months.
Poshmark does have any inventory but acts as a facilitator of the transaction. To provide this service, it takes a percentage from each transaction. Therefore, the Poshmark business model is called commission-based.
The platform focuses on making the process transparent as possible for its sellers, unlike its competitors. For every sale below $15, the company charges a flat fee of $2.95. Any sale above the $15 mark, a 20 percent commission is charged.
Boutique sellers on Poshmark are sellers that operate more professionally, similar to a mortar store. To be a boutique on Poshmark means that the products sold are authentic, in new condition, and of good quality.
There is a couple of rules for boutique sellers, they should provide clear photos and product descriptions as proof of where the goods were bought. If you want to become a boutique seller, you need to get certified.
In late 2015, Poshmark introduced a new service called Poshmark Wholesale. The portal allows sellers to buy bigger quantities of inventory to sell in their stores.
As such, sellers can take advantage of price discounts and make greater profits on their listings. To access the wholesale portal, sellers need to have at 10 or more sales, a rating of 4.5 or above, and the Boutique Certification.
Within the portal, sellers buy from established wholesale retailers such as April Spirit or Function & Fringe. Similar to the peer-to-peer transactions, Poshmark takes a percentage cut from each wholesale transaction.
There can be fees for items that a seller wants to be shown above others to get more visibility and attract potential buyers.
Is it possible to build a successful website like Poshmark?
It is better to have a detailed plan if you want to build a successful marketplace alternative to Poshmark. Here are several useful tips to consider while you building your application.
Positive customer experience
Providing a positive customer experience is very important for business nowadays. It means not only happy customers as a result of your performance but it can also bring you additional income.
Poshmark provides quick shipping with PoshPost (in cooperation with USPS). PoshPost doesn’t require stamps and troubles. When people buy items, Poshmark offers a pre-paid, pre-addressed label ready to be stuck on the box. After the purchase has been packaged, the seller can drop it off at a USPS mailbox or even have it picked up for free from their home!
Build a community
The key feature of Poshmark is its wide community. It isn’t only about fashion eCommerce but also a community where people can connect with each other and share their choices and preferences in fashion.
Posh Parties are organized by the platform and these shopping events allow people to meet up in the Poshmark app for shopping, sharing, and selling outfits and accessories. Posh Parties are a great opportunity to find listings and to get new followers.
Besides, Poshmark organizes PoshFests where people can meet their so-called Posh friends, listen to industry experts, learn how to grow a business, and get insights.
Creating a community and events are great engagement tools with your customers. Let’s overview what benefits get Poshmark from its social activity.
Prevent scams and inauthentic items
Fake goods as fashion items from exclusive designers are one of the main problems of online marketplaces. Poshmark fights with this issue via not releasing payment until the buyer confirms they’ve received the order that matches the description. Buyers have three days to return a product to the seller in case an item is misrepresented. If there is no claim is made within three days after delivery, payment is automatically sent to the seller. After that buyers won’t be able to get a refund.
Is secondhand marketplace a promising area for development?
Yes, it is a definitely promising avenue. There is a forecast that brand clothing (that was used before) market will reach $25 billion by the end of 2025, and its growth, although slowing, will still be well above the average growth of the trade market of clothing. We should admit that the secondhand market is really big and fast-growing. Only in the United States is the branded second-hand clothing market was $18 billion in 2019, or about 4% of the American clothing retail market according to the ThredUP report.
Is it expensive to build an app like Poshmark?
The price depends on many factors, including the number and complexity of features, development company rates, and whether the project is going to be developed from scratch or not. We recommend you to start development from an MVP that helps to understand how the users perceive a product, the barriers to its performances, and the improvements that can be made for improving the usefulness of the product in terms of UX, UI, and the technical aspects. After all these aspects get analyzed, then you can invest confidently in the future development of a product, think about premium features and services, and expect to get a good return on the investment. According to our estimation, the custom development from scratch will cost approximately $100 000.
Where should I start to design an app like Poshmark?
Building your unique solution can be a risky business so before start, you should better plan everything properly. It starts with an idea but if you do not know how to shape that idea and what audience will use your solution, then you will not uncover the full potential of your future project. So how to avoid this and create a solution that your potential audience needs? The answer is – concern the discovery phase before you initiate the software development. According to our experience whatever you represent (a startup or a successful company that needs digitalization), you need to dive into the discovery phase even if you think that you know everything about your business, future app, and potential users. On top of that, holistic research and gathering of information can help you to identify and eliminate all possible risks.
How much does it cost to build a website like Poshmark?
This is a matter of common interest, we can calculate the approximate cost of developing a social commerce application like Poshmark. The cost consists of many factors, including the number and complexity of features, development company rates, and whether the project is going to be developed from scratch.
The development from scratch of an MVP will take 3-5 months. The development of a social commerce marketplace like Poshmark in the US and Europe will cost you around $160 000. To build such a project in Ukraine, it will cost approximately $100 000. That’s the cost of custom development from scratch.
South Korean portal Naver is buying social marketplace Poshmark for $1.2 billion. Poshmark shares have recently fallen to a quarter of the IPO price, which made the purchase quite cheap.
Well, of course, Naver states that the company’s technology will allow for a qualitatively different development of the marketplace. Naver, let me remind you, is one of the few companies successfully competing in the local search market with Google – in fact, there are only three of them left now, Yandex, Naver and Baidu. https://www.theinformation.com/briefings/south-koreas-naver-to-buy-poshmark-for-1-2-billion
Do you know what takes up a lot, if not most, of the time and resources of a startup company? Getting the business off the ground and then managing to keep it afloat. Unfortunately, most startup companies are scarce in resources, making this an extenuating task. Proof? Well, approximately only 1% of new businesses are successful in raising money from investors.
So, you have a great product idea that requires perfect execution. How can you make the most of your few resources and still reach your short-term and long-term goals? Software development outsourcing is a tangible way to get more business opportunities and value for your money. This is especially good for new businesses since budgets are tighter, and making every dollar count is essential.
With most startups looking for ways to stay nimble and lower costs, outsourcing software development services have become the answer. Luckily, it’s easier to access quality custom software development services nowadays. No wonder many believe the software developer role will be the first genuinely global role—and we agree.
These are the ups and downs of software development outsourcing, so buckle up!
- Cost efficiencies. Every business wants to save money. If you outsource development, you ensure a dedicated team looks after your project, helping you release products on time and focus on the whole business instead of putting all your time, effort, and resources into developing software.
- Aligned vision. Startup businesses depend a lot on how well their first few months go. By hiring the right software outsourcing company, you will work with a strong development team that will commit to and aligns with your vision, taking it upon themselves to improve the brand and product/service offering.
- Rapid development. If a dedicated provider takes care of all your software development needs, you can focus on your business’s main tasks instead of getting bogged down in technical details. A trustworthy partner will offer software development services that cover the whole process, from designing and programming to launching and providing support.
- Scalability and flexibility. Most software outsourcing companies offer startups ways to work with them that are very flexible and scalable. This helps you get a good idea of costs before the process starts, and you can change the different factors that affect costs to control them. Need more developers? No problem. Need to scale down on developers and add testers? All good! You choose what’s right for you.
- Gaps in Communication and Collaboration. As a startup owner, the software product development company you outsource to is likely in a different country or time zone. Ineffective communication and teamwork make it harder to cross physical distances. Work schedule differences can slow development, and the risk only increases if you don’t choose an open-and-understanding companion. Don’t forget to put a lot of effort into selecting the right provider and setting up the right ways to communicate and work together.
- Spiraling out of Control. Owners are attached to their products, so delegating and handing up control can be tricky. This is a genuine concern when strategy alignment is missing between the client and the software outsourcing provider. We recommend doing your homework while choosing the right vendor you’ll trust.
Weighing the ups and downs, the decision lies in your hands. There are plenty of good things that come from outsourcing software development services, but you must choose your partner carefully to minimize the risks. Who you choose to help you accomplish your goals will be fundamental to the success of your endeavor, so don’t be afraid to shop around and find the vendor that offers you the right outsourcing and engagement model for you.
For instance, if you are searching for a partner with impressive history of successful projects, Svitla Systems has nearly two decades of expertise offering top-tier developers and other IT pros for your software projects, and flexible and comprehensive engagement models for software outsourcing, allowing us to meet the varying needs of businesses in a wide variety of industries.
The foundation of these engagement models is a detailed account of the work performed to fulfill the requirements of the customer and bring their vision to fruition.
THRIVE’s categories reflect high-level themes in agriculture technology, spanning the field across the supply chain to the consumer. The categories and companies are as follows:
Biotechnology – Advanced Animal Diagnostics, Agbiome, Agrimetis, Ancera, Apeel Sciences, Benson Hill Biosystems, Caribou Biosciences, Clear Labs, Gingko Bioworks, Indigo Biosciences, Inocucor, New Leaf Symbiotics, Nuritas, Provivi, Safe Traces, and Terramera.
Predictive data analytics – Agrible, Ceres Imaging, Descartes Labs, Farmers Business Network, Farmers Edge, Mavrx, Orbital Insight, Precision Hawk, Resson, Taranis, and Terravion.
Cloud services/SaaS – Agworld, Conservis, Farmlogs, Farmobile, Phytech, Prospera, and Strider.
Connected devices – Arable, CropX, Hortau, Semios, Swiim, and The Yield.
Robotics & Automation – Abundant Robotics, EcoRobotix, Harvest Automation, MagGrow, Naio Technologies, and Soft Robotics.
NextGen Farms – AeroFarms, Bowery Farms, BrightFarms, and Plenty.
⚡You need to create a value of visiting an office, not requirements
⚡Remote management is maintaining personal relationship, personal connection. CEOs visit their subordinates personally to check up how they feel
⚡You have more accessibility of CEO as he/she speaks on Zoom to everyone
🚀How do you manage productivity working remotely:
⚡Coaching, teaching, mentoring teams
⚡Trust is key. If you don’t trust your people, then something is wrong with the system
⚡Empowering your employees
⚡Organizational trust is critical
⚡If there is office dependency, then there is something wrong with workflows
⚡If you want to hire the world’s talents, you have to work remote
⚡Tools: PWC rolled out Teams in 2 months throughout the whole organization
Slack – communication with developers
Notion – documentation of every product and processes
⚡Values question of management team whether you write questions in chats after hours
We have to respect after-hours of work
⚡As an employer you have social responsibility to create the right working conditions for your employees, also remotely
⚡PWC asked all their employees, how they want to work
⚡We have to embrace people
⚡It is important to give remote workers the same experience
⚡You can only differentiate on culture, when there are no physical advantages of your office
🚀Studying the brain
Everyone will get digital copy of the brain
There will be possibility to work with mental health
🚀Microsoft. The world’s climate crisis
The path from pledges to progress
An energy change
Big carbon problem
⚡We need carbon accounting and then we need to move from carbon accounting to efficient measurement
Committing to transparency
⚡We can’t measure anything at scale until we automate it
⚡We need a new ecosystem for carbon measurement build on data
⚡We need new carbon technologies
Microsoft established 1b$ Innovation fund
⚡We need to build new industries
⚡We need to build new foundation: Carbon math, carbon accounting, carbon measurement
Talk Robot section
⚡Will speak your language and will be easy to use for non-tech people
⚡Social robots are used for:
Scanning of unidentified diseases
⚡Robot is more engaging emotionally than a voice assistant
⚡Autonomy is missing link of why drones are not widely used
⚡Skydio produces autonomous drones, which you don’t need to tune
⚡Drones can fly where nobody can
⚡Predictive path planning 3 seconds before you
⚡3D scanning inspection – smart drones scan your assets and create digital twin model
🚀 Innovation takes place as part of everyday work
Business travel will be back in 3-4 years
🚀 We need to build collective immune system. Vaccination is too slow
Airlines are taking the safety of the passengers very serious
🚀 Modern world should have
Enabling faster supply chain management with agile transformation
🚀 Creating a culture of innovation (DHL, IDEO, CI&T)
⚡Innovation is design thinking
⚡Inclusion is what drives innovation.
Inclusive culture. Including anybody makes Innovation efficient. Frontline people create a lot of innovative ideas
⚡Design thinking workshops create Innovation
⚡The more different people are in one team, the more there are opportunities to find the right solution, than listening to all the same people
⚡Give more freedom to local teams to drive innovations
⚡Innovation agenda should be the main agenda every day for every company
🚀AI is answering a call of sustainability (Shell, Databricks, Kongsberg)
⚡Energy transition is possible with AI
⚡Data glues everything together
⚡It is becoming more accessible and cheaper to have technology
⚡Accessibility makes it getting from data to decisions faster
⚡There should be created an open source ecosystem where all countries could come to and develop a common solution to deal with climate change
You might have a million-dollar idea for your next revolutionary app. Nevertheless, without proper funding for your app concept, this idea will probably never see the light of day. Just like opening a coffee shop or a gym, you need tools and money to launch the app. Creating an application is not a cakewalk and it requires resources to develop an app, from hiring a credible development company that provides custom app development services to marketing promotions and further operations.
A recent study by US Bank states that 82% of startups fail due to cash flow issues. In order to bring your app idea to market, you will have to secure funding to develop it. Luckily, many people are willing to invest in new developments and there is a huge ecosystem dedicated to finding and developing start-which which means there are many ways to raise funds for the app. This article will guide you through the entire process of finding app investors.
How to raise money for an app idea?
More app development companies are entering the market than ever before, so it is getting more challenging to find investors for an app idea. But do not let that discourage you. Here are the most common models used to get grants for app development.
Crowdfunding is based on getting small investments from a few people instead of receiving larger funding from a relatively small number of people or investment funds. Simply put, crowdfunding is the implementation of the “every penny counts” principle. Some of the most famous crowdfunding platforms are Kickstarter, IndieGoGo, Fundly, WeFunder, SeedInvest, Appsfunder, AppSplit, Patreon, Appbackr, etc. This market is predicted to grow to a staggering $300 billion by 2030. The process is really simple, all you need to do is register on the platform, create the profile, set a funding goal, campaign duration & project category, describe your app idea and submit your project for funding.
External funding for any project is formed by inviting donors with the possibility of receiving dividends from their donations, or on a completely free basis. As a rule, these are people who believe in your business app idea enough to donate a few dollars. There are no restrictions on how much money you can attract with crowdfunding. Although, most crowdfunding platforms set a time limit within which the goal must be reached. Hence, it is crucial to be reasonable with your app funding goals.
This approach involves financing your business on your own, without attracting external app funding companies. This model has been used by the founders of some of the biggest technology companies of the 21st century, such as Apple, Microsoft, Oracle, and others. Bootstrapping will allow you to have full control over your business. If the app becomes successful, you may not even need funding in the future.
If you don’t have enough savings, you can turn to your family and friends. Moreover, you can consider taking a business loan for app development. However, bear in mind that banks are not so willing to fund startups, as this is a risky endeavor with a high probability of non-return on investment. Banks also don’t care if your idea soars or drowns, they expect you to return the money by a certain date and with a specified percentage, no matter what.
This is why a bank loan is not the best option for a startup. It’s safer to take credit when you’re expanding, not when you’re just starting. In addition, this approach also comes with the risk that you are investing in development and not validating the idea with anyone outside. It’s highly likely that you will invest in an idea that will not be in demand among customers, and will only find out about its unprofitability after the launch.
The most common approach to get funding for your application is through angel investment funds. Angel investors are mostly individuals and sometimes companies willing to invest their money in early-stage startups.
You do not have to pay back the money the business angels lent you if your idea fails. In return, they will ask for a fairly big amount of share capital. Business angels invest in many projects at the same time, since most of them fail, and only one of the few will be able to make a profit that compensates for the losses. It makes sense to start with angel investors, as they face a large number of startups and understand the needs of the market. You can not only get money for your app idea but also confirm its profitability.
Venture capital investors
Venture capitalists (VCs) are investors who put money into a new business venture. Instead, they will ask for an equity stake and may also want to influence your business decisions. Venture capital firms are similar to angel investors, as they also offer large sums in exchange for a stake in the business.
Although there are differences. Angel investors tend to fund businesses that are just kick-starting their new apps. At the same time, venture capital companies provide money to startups in the later stages of growth as they are only interested in those startups that have an MVP, want to expand their business, and have the potential for rapid growth. Some of the popular platforms for finding venture capital investors are Backstopsolutions and Mycapital.
App funding contests
A great number of various organizations (business incubators, technology companies, industry leaders, and others) run application funding contests where participants can win grants for app development. This type of financing has become popular with the introduction of business incubators and start-up accelerators around the world. Business incubators are places where startups can develop their idea, receive mentorship and support, and eventually enter the competition where they can win money for app development.
There is a great variety of resources on the Internet where you can search for the list of ongoing competitions and apply for participation. We recommend checking out Biz Plan Competitions to choose from hundreds of competitions globally. Sure, app contests are very competitive, but they allow start-ups to demonstrate their idea to leaders in the industry. Often, runners-up or those who weren’t even close to winning get offers after the end of the contest. This way, even if you don’t win, you will still have the opportunity to build your network for future project cooperation.
How to get investors for an app?
Since private investors take on serious risks in funding business ideas, it is challenging to convince them to give money to your startup. Competition for investor attention is fierce. However, when you prepare for the battle, your odds of winning increase significantly. How can you persuade investors to fund your app? Here are some recommendations:
Build a solid business case
It’s not enough just to have an idea. In order to raise money for your business, you will need to create a solid business case: vet your app concept, study the market, identify your unique selling proposition, test its revenue potential, and prove that your idea is in demand in the market you are targeting.
At this point, you need to go deep and do some thorough market research to gain a better grasp of your app. If you do not have a good understanding of the market you are entering, you will not be treated seriously, and you will not be able to raise any funds. Analyze your app’s niche and find out who your competitors are and what their exact service model is.
Brand your app
Branding gives your business a face and character, so your product will be easier to remember and at the same time lay the foundation for further promotion. In addition, it will show that you are ready to make an effort and approach your business seriously. It is very easy to kick off the branding process. You can start by creating a logo, buying a domain name, coming up with a unique app name, choosing a color and font palette, and more. Brand identity is also a kind of “personality”: how you will interact with your audience, your brand voice, philosophy, positioning, and values.
Build an MVP or at least a graphic prototype
While branding defines the face and nature of your future business, MVP will enable investors to grasp the idea of the future app and how it will work. MVP development refers to building a basic version of an application where you develop only the core features to deliver value to customers, effectively solve a specific problem, and bring the product to market very quickly. This will allow investors not only to interact with the application and experience it for themselves but also to test the real value of your product concept and determine its profitability.
With MVP development, you can get immediate feedback that can be applied to understand the needs of your target audience and steer your application in the right direction. You can create an MVP by developing it yourself, hiring freelancers, or partnering with an outsourced development company that provides software development services for startups. Even if you do not have an MVP, you need at least to create a graphic prototype that you can show to your potential investors to tell what is the first thing you are going to do when you receive funding.
Prepare a killer elevator pitch
Investors are busy people, and there are way too many entrepreneurs fighting for their attention and funding. What you need is a mind-blowing elevator pitch—a pitch you can deliver in a short amount of time you could get by meeting investors on an elevator ride. Thus, your pitch should grab their attention but also describe the app’s business case (features, problems it will solve, and potential profitability).
The elevator pitch should be concise, clear, informative, and should keep your investors interested in your idea. If you cannot succinctly describe your app in 30 seconds, you probably need to go back and reconsider it. Once the app investors are hooked, you will have more time to go into detail about your app.
Create a pitch deck
Once you have attracted the attention of investors and are on your way to meet them, it’s time to come up with a pitch deck for your meeting. A pitch deck is a presentation that involves details such as product features, the problem your product solves, business model, marketing strategy, market size, major competitors, budget, revenue forecast, and more. It should clearly communicate the value of your product, and define your unique selling proposition & target market.
Demonstrate your app’s stats, charts, diagrams, branding, and other aspects to show its value as an investment. The length of the pitch deck should be no more than 20 minutes and contain around 10 slides. You can check out some successful pitch deck examples available online for inspiration.
How to get an investor for an app: Bottom line
The recommendations mentioned in the article will help you get closer to your goal of raising funds and turning your idea into a successful startup. Grants and angel investments are one of the best ways to get start-up capital as you do not need to return money if your idea fails. Getting funds from investors can be very competitive, so you need to ensure a solid business model and consider applying for different startup funding app sources, not just going for one option.
Bigo Live is legit. It is a popular live streaming app that lets users to live stream ad show off their talents. With this app, people can live their daily life, watch others’ live streaming, chat with others and make new friends. Many stars also engage with fans on Bigo Live using a new social language.
BIGO is a fast-growing Singapore technology company established in 2014. Dedicated to creating a better-connected world for everyone, BIGO provides a portfolio of video broadcast and VoIP related products and services powered by advanced Artificial Intelligence (AI) technology. The major products include BIGO LIVE, Likee (Formerly LIKE video), and Limo, and the company group now has over 400 million monthly active users in over 150 countries worldwide.
BIGO Technology was acquired by JOYY for $1.5B on Mar 4, 2019.
Who invested in BIGO Technology?
BIGO Technology has 4 investors including JOYY and Xueling Li.
Googelecom – Google’s web-based store is a cool place to buy products. By using the “find a store near me” feature, you can search according to state, zip code, or city. Google also analyses in-store inventory for you and will show the map and hours of operation on the web page. One of the best things about Google is its map-based search. Using this, you can find stores near to where you are by simply using the search engine. If you have a smartphone, there are also apps that allow you to access its whole catalog. You can save time and effort with these in many different ways! The site is very favorable for those people who want to search for items and services at a smaller amount.
Introduction: What is Googelecom and What are its Uses?
Googelecom is a search engine created by Google. It is the most popular search engine in the world. It was created in 1997, and it is one of the earliest internet search engines.
The goal of Googelecom is to provide users with quick and easy access to information on the internet.
Googelecom has many uses, but they are all related to searching for information on the internet.
YouTube videos about Googelecom
Everybody can make DeepFakes to support ukrainians without writing a single line of code.
In this story, we see how image animation technology is now ridiculously easy to use, and how you can animate almost anything you can think of.
Top Methods To Create A DeepFake Video
Deepfakes are videos that are created using an AI software which makes the person in the video look like they’re saying something that they didn’t say. They often involve celebrities and politicians.
In 2018, deepfakes became a popular topic on social media when it was revealed that one of the best deepfake creators, a Reddit user who goes by “deepfakes,” had used their skills to create a fake video of former president Barack Obama.
This video was made using an AI software called FakeApp which is free to use for non-commercial purposes.
Deep Fakes Are Here and Nobody Knows How to Deal with Them Yet!
Deep fakes are a new kind of media that is being used to manipulate videos and images. They are created by combining different pieces of media and recreating them with deep learning algorithms. Deep fakes have the potential to cause a lot of harm but they can also be used for good.
This article will explore the ways in which deep fakes can be used for both good and bad.
Methodology and Approach
Before creating our own sequences, let us explore this approach a bit further. First, the training data set is a large collection of videos. During training, the authors extract frame pairs from the same video and feed them to the model. The model tries to reconstruct the video by somehow learning what are the key points in the pairs and how to represent the motion between them.
To this end, the framework consists of two models: the motion estimator and the video generator. Initially, the motion estimator tries to learn a latent representation of the motion in the video. This is encoded as motion-specific key point displacements (where key points can be the position of eyes or mouth) and local affine transformations. This combination can model a larger family of transformations instead of only using the key point displacements. The output of the model is two-fold: a dense motion field and an occlusion mask. This mask defines which parts of the driving video can be reconstructed by warping the source image, and which parts should be inferred by the context because they are not present in the source image (e.g. the back of the head). For instance, consider the fashion GIF below. The back of each model is not present in the source picture, thus, it should be inferred by the model.
Next, the video generator takes as input the output of the motion detector and the source image and animates it according to the driving video; it warps that source image in ways that resemble the driving video and inpatient the parts that are occluded. Figure 1 depicts the framework architecture.
The source code of this paper is on GitHub. What I did is create a simple shell script, a thin wrapper, that utilizes the source code and can be used easily by everyone for quick experimentation.
To use it, first, you need to install the module. Run
pip install deep-animator to install the library in your environment. Then, we need four items:
- The model weights; of course, we do not want to train the model from scratch. Thus, we need the weights to load a pre-trained model.
- A YAML configuration file for our model.
- A source image; this could be for example a portrait.
- A driving video; best to download a video with a clearly visible face for start.
To get some results quickly and test the performance of the algorithm you can use this source image and this driving video. The model weights can be found here. A simple YAML configuration file is given below. Open a text editor, copy and paste the following lines and save it as
Now, we are ready to have a statue mimic Leonardo DiCaprio! To get your results just run the following command.
deep_animate <path_to_the_source_image> <path_to_the_driving_video> <path_to_yaml_conf> <path_to_model_weights>
For example, if you have downloaded everything in the same folder,
cd to that folder and run:
deep_animate 00.png 00.mp4 conf.yml deep_animator_model.pth.tar
On my CPU, it takes around five minutes to get the generated video. This will be saved into the same folder unless specified otherwise by the
--dest option. Also, you can use GPU acceleration with the
--device cuda option. Finally, we are ready to see the result. Pretty awesome!
I this story, we presented the work done by A. Siarohin et al. and how to use it to obtain great results with no effort. Finally, we used
deep-animator, a thin wrapper, to animate a statue.
It’s no secret that technology has reshaped many industries, from restaurants to finance to commerce and so on. The betting industry is no exception. Gone are the days when you could only wager in a physical bookmaker or a land-based casino. Now, you can place bets, high or low stake, via your phone or personal computer and at the comfort of your living room.
New Technologies in the Gambling Industry
The betting industry has changed significantly over time, especially in recent years. Let’s explore the latest technological advancements in this industry.
Mobile Sports Betting
The gambling industry has undergone an immense shift from physical to online, more so, to mobile sports betting. Punters no longer have to go to a physical bookmaker across their street. They can wager on any sport from all over the globe with just a few phone taps. The online sports betting sector is valued at $67 billion as of 2020. This number is expected to rise to $93 billion by 2023.
Online sports betting is attractive to most punters due to its convenience and the enormous variety of options. Perhaps one notable thing about it is it grants you access to any betting market, whether horse racing, cricket, or football. Online sports betting allows you to diversify your wagers since you can effortlessly move from one bookmaker to another.
Another captivating technology that has made its way into the betting industry is blockchain technology. Blockchain allows the use of cryptocurrencies to make deposits and withdrawals from online betting companies.
Cryptocurrencies are considered a more secure payment method since they offer anonymity. On top of that, each transaction is encrypted and nearly impossible to hack. Punters don’t have to give their banking information when paying using cryptocurrencies. Most online betting companies now allow you to use cryptocurrencies to deposit and withdraw money.
Virtual Reality Gaming
Virtual reality is another emerging game-changer in the gambling industry. This technology allows you to wager at the comfort of your home while giving you the feel of an actual casino. Once you wear the VR headset, you can walk into a land casino then sit and play poker or blackjack with other players. You’ll get to see everything in 3D. You can also interact with punters and dealers in the casino.
According to a 2021 report by Brandessence Market Research, the global VR gaming sector will be worth approximately $52.7 billion by 2025. This number is an eight-fold increase from data recorded in 2018. Virtual reality offers you a more immersive gaming experience. Punters now don’t have to go to a land-based casino – the casino comes to them.
Live casinos are gradually reshaping how we play table games. Thanks to this technological advancement, you can now play table games like poker online with other real-life players. All you need to do is log in to the table game interface through your screen. You’ll get to see and socialize with the other players as well as with the human dealer.
Live casinos make the betting experience more fun and interactive. It reduces the loneliness that may come from gaming at home by allowing you to socialize with others. If you need assistance with anything, there is a live chat option that you can use to converse with the dealer.
Live casino, however, doesn’t offer a wide variety of games. The games you may find offered in this technology are baccarat, roulette, and blackjack.
Technology is having an enormous impact on the betting industry. The four technological advancements that are making gambling better and more convenient include live casinos, VR gaming, blockchain technology, and mobile sports betting. These four are offering punters an immersive and more personalized gaming experience.
It may be important to you and your family to track where and how long your car has been. Technological advancements make this attainable with use of GPS or other tracking systems. GPS trackers for cars are helpful to determine the location of where your car was. They also tell how far it has travelled, which can help if you lost something near your car. You can figure out the location of where it was right before. Tracking Fox has created a device that can track cars and other items. This would be one of the best gadgets for people to use when driving/selling their car because it can help with so many issues. Let’s see what this Tracking Fox D.
What is Tracking Fox?
As the name indicates, Tracking Fox is an OBDII GPS tracking device that tracks the location of the car. It packs many great features that are very helpful for the user. A good GPS tracker is one that not only tracks the car, but also alerts you when, for example, the car has been moved from where it is usually parked or if the car leaves a designated area after being parked. This is what Tracking Fox GPS tracker does, it has so many features packed; that are important and useful for the user to keep tabs on their car or on the cars of their loved ones like; parents, kids, or spouses to keep them safe and to look after. It can also recognize driving pattern of the driver or the individual who has installed the Tracking Fox GPS Tracker. It is more than just a Tracker for the feature it comes with. It also helps with cutting fuel costs that the car and saves more fuel. That is because it is able to recognize the driver’s driving pattern and since it is an OBD11 GPS Tracker it is connected to the Electrical circuit unit of the car; that actually controls the car’s performance.
It can help you with both your personal and professional needs. The Tracking Fox OBII Tracker is compatible with the Tracking Fox app, which is available on Apple Store & Play Store. It is also compatible with both Windows and Android devices. This device is only compatible with cars that have been manufactured after 1996. It comes installed with a SIM card to help find your car through a cellular network, which is used more often these days.
What makes Tracking Fox GPS Tracker unique?
Most car trackers available in the market focus on a single functionality and offer low versatility. Their features though, allow you to track your car live anywhere. Its not so subtle enough to blend into the car’s appurtenance, unlike Tracking Fox OBDII GPS Tracker that is connected to OBDII Port and subtly fading into other accessories, which makes it a safe option to use as a tracker. This Tracker has easy installation. It just needs to be plugged into OBDII port and it is ready to use. Other trackers need to be connected on a magnet-friendly surface to ensure contact or the tracker might fall and in many cases it does, but Tracking Fox is installed inside the car so it is fixed and can’t fall. This tracker sends alerts if there is an unauthorized use of the car or if there’s a break in. Other GPS trackers cannot do this. Fox Tracker helps reduce gas costs by giving you detailed reports on how much your car is using. It is like an amalgamation of a OBDII Tuner and GPS Tracker with advanced features.
How does the Tracking Fox GPS Tracker work?
Tracking Fox GPS Tracker works in a simple manner. Since it has multi-purpose usage, we will talk about its first feature and how it works and that is, tracking.
- Tracking: For tracking, Tracker Fox uses multiple sources to locate or track movement. The tracking app of the tracker is synced with cloud server on the trackers the cloud server receives the data from a cellular tower (which is compatible with the sim that comes with tracker) when the car is in a range of a cellular tower. On the other hand, tracker is sending its own signal that interferes with GPS Satellites as well as the cellular tower and the activity is tracked on the app.
- Fuel Saving: The Tracker also has a fuel saving option that is because the tracker also has a micro-controller CPU that memorizes driving patters and then it commands or signals the Electronic Control unit of the car to consume fuel accordingly, thus alters the usage of fuel as per driving of the user and saves bills on fuel usage on the car.
Benefits of Tracking Fox
- It helps with tracking by two sources; cellular signals and GPS Signals so it has multiple sources just in case one is unavailable, other is.
- It helps in sending alerts if the car gets stolen
- For car rent businesses it is helpful in tracking car usage and locations it has been to
- It has cost-cutting ability as it reduces fuel consumption.
- It helps keep tracks of last 90 days of car location, route and navigation map.
- Sends alerts when there’s over-speeding of the car, acceleration, or hard hitting of brakes.
- Sends anti-theft alerts just in-case there’s suspicious entering of someone in a car.
- It can be switched from one car to another
- Easy plug-and-play feature.
- Compactness of the device.
- Dual features or tracking and fuel saving.
Now there’s a price of the device itself and there’s a monthly subscription and other price bundles and offers.
- The price of 1 Tracking Fox OBDII Device is $58.14 after a 50% discount.
- Monthly subscription to tracking plan: $7.58 a month.
- 6 Month Subscription to tracking Plan: $6.40, which is saving user 15% less than monthly subscription.
- 12 Month Subscription to Tracking Plan: $5.23, which is saving user 30% less than monthly subscription.
The purchase can only be made through official website and only payment methods are PayPal and Visa Master Card.
This tracker comes with a 30-day money back guarantee and free customer service. If it doesn’t meet your expectations or does not work as we promised, then you can claim a full refund.
The Tracking Fox Tracker is a multi-purpose apparatus with many features that make it stand out from its competitors, such as alerting you to theft, speeding or over-speeding. All of this without charging you any extra fees. The Tracker helps find your belongings wherever they are thanks to its innovative GPS, network, and cellular technology. This nifty purchase for someone who’s looking to track something. It can also be used to maintain logs of all locations visited.
What is Yesbackpage Escort Site?
Yesbackpage.com is an online platform for escorts in the USA. It is one of the most popular escort sites in the world.
The website was founded by Ty Smith in 2008 and today it has more than 500,000 active posts, listing about 25,000 escorts from all over the United States. This site is completely free to use and by signing up you are able to contact any escort on their list of providers.
Yesbackpage does not have any advertising banners or pop-up ads on their site which makes browsing through this website a very pleasant experience.
It is divided into different categories like “Newest Escorts”, “Escort Wanted” or “Escort Reviews”. The navigation of the website is very simple and straightforward with options like “Search”.
How to build own Escort website like Yesbackpage?
Society has changed, but the escort industry remains unchanged. The internet has made it easier for escorts to find clients and vice versa. Companies have created websites that allow them free service to advertise their offers.
YesBackpage is one of these sites that escort can use to advertise their services. It is easy for escorts to create an account and start advertising their services online. They can also accept payments online which is convenient because it doesn’t require them to carry cash or checks around with them all the time. This site also makes it easy for clients to find escorts in their city without having to search through many different websites trying to find the right one for them.
If you are thinking about making your own escort website like Yesbackpage, then this article will help you get started.
What is BagBnb?
BagBnb is a home and apartment-sharing marketplace – where travelers can book unique accommodations around the world and locals can earn extra money by being a host.
- Open 24/7
- No queue
- More than 2000 luggage storage places Worldwide.
- Daily flat fee. All over the city.
- Helpdesk chat 24/7.
- Oversize bags accepted.
- 3 min fast check-in.
- Destinations: New York City, Rome, Paris, Barcelona, London, Sydney.
2000+ Locations Worldwide. Destinations: New York City, Rome, Paris, Barcelona, London, Sydney.
Haircutting service is in demand all year round (link). It is a stable business and its market grows along with the cities’ population. Still, life is speeding up. People are constantly moving from one city to another and don’t have much time to find a suitable barber to make a haircut. The times when a man visited one barbershop for 30 years are gone.
Do you own a barber parlor? Has it been tough to grow your business recently? There’s one last frontier to conquer and it is expanding the reach of your services and meeting clients where they spend most of their time – in their phones, checking their apps.
Even if you run a small-scale operation, you will see the results in one and a half years. Consider it a business management tool to get orders, gather and store client data, communicate with your clients, receive payments, receive feedback, schedule appointments, or plan a home visit to deliver barber services on-demand.
Making an Uber for hair cutting is a great idea if you’re a modern entrepreneur that keeps an eye on trends and feels the pulse of life. Connect barbers and clients in the easiest and straightforward way – through the mobile app. Uber for barbers is a simple mobile application idea and a good example of an on-demand mobile app. Surely, it won’t become a billion-dollar venture but can become a stable revenue stream.
We offer a ready-made solution with the possibility to customize your platform with the original design for roughly $ 38 000. But the final price depends on the nature of your unique inquiry.
You can create a portfolio, making photos of your clients before and after a visit to your barbershop or even if you make a home visit. A hairdressing app with such functionality can effectively serve any barber operation.
Why do barbers need an app?
Many business industries need the implement software solution to optimize and automate work processes. Barbershops are not an exception. It can be really tiring and boring to wait to make the hair cut in the long queue. Also, manual lists of clients have exhausted their necessity and accuracy. This process can much easier and more pleasant for clients as well as for barbers. We covered the key advantages of integrating your barbershop business with an on-demand app:
- excellent client experience
- up to date company
- constant connection with clients
- ability to choose a suitable time and specialist
- data analysis
- access any time from anywhere
- pictures and reviews of barbershops for clients
- a quick search for a free barber in the local area
- management of clients` appointments
- ability to discuss a future haircut and cost for it in advance
- flexible for online payments via gateway payment system
Booking App Features
- Barber Portfolio – Lets users select the best barbers by checking their portfolios. This feature can also be used for monetization of the app. Barbers can promote their portfolio through the app and find clients with similar tastes in style.
- Appointment Scheduling – This is a core feature that will save customers’ time and let them book a haircut in advance or in an hour.
- Payment Gateway – Integrate PayPal, Stripe, or any other payment method you prefer.
Want to know what features should be included in your Uber app for barbers?
What Other Options Are There?
If your app is going to be more than just an additional business tool, it can turn around how you make money. Consider the fact that Uber or Airbnb are intermediaries that do not deliver services but provide a platform where homeowners meet tenants and passengers meet drivers. Their business model is Software as a Service (SaaS) or Platform as a Service (PaaS).
As a software provider, Uber and Airbnb make a profit from every deal made on the platform. Their ecosystems count millions of daily users and thousands of transactions. At this point, you use Airbnb to find a hotel, even though Airbnb is not a hotel business or hostel provider, it is a broker like Uber is.
To be a barber services provider can be the start of your business but the secret of successful delivery of services is booking optimization. That’s exactly what Booking.com does, gathering millions of travel dorms to its platform and advertising them to future guests, making it possible for the two to meet each other. As an intermediary, Booking.com gets its cut-off every transaction made on the platform.
We have been developing Uber-Like applications for a long time. Thanks to this we accumulated a huge base of knowledge, expertise, and even ready-made MVP. Using such modules, we reduce app costs down to the most affordable on the market.
How to make own Uber for Barbers App?
Functions for user app
There is already a high level of competition on the market of Uber apps for barbers. So it is crucial to implement common and also advanced functions in your solution. It has to cover all clients’ needs and respond to their expectations from this on-demand service. Here is the core function that should be available in the application from the professional side:
- Registration – the step can be performed via email or social media accounts
- Personal profile – filling the main info about every client like gender, name, age, phone number, address, skills, and experience
- View users profiles – all barbers can look through the profiles of their clients but each view will be displayed for clients
- Bookings check – all barbers can track their schedules
- Acceptance or rejection of an appointment – usually the app shows all available hours to particular barbers, however, specialists have the ability to confirm or reject the booking. In any case, the clients will get notifications about the barber decision
- Notifications – barbers get notifications as well from the administrator about any updates
- Revenue – specialists can check the balance for the current month to know their revenue
- Ratings – all clients have the ability to leave a rate and review about barber`s skills
- Private chat or call – after checking the booking, barbers can write or call a client to specify the details
- Schedule – every barber creates its own schedule and chooses workdays for clients to know if a particular specialist is available
- Dashboard – the barbershop administrator can track all workers in the application and manage them as well as clients
- Payments – admin also manages all transactions, discounts, and special offers, add multiple payment methods and fix commission for barbers
Uber for barbers app not just automates the workflow for barbershops and helps to earn even more money. When people search for a highly qualified barbershop, initially they will surf the web and read reviews about the local ones. The availability of mobile app attracts more clients as it simplifies the process of making appointments, choosing the barber, and finding the location. We covered the most common ways of monetization of your uber app for barbers:
There should be a fixed number of percent commission that will be taken for your services.
You can also promote your app on the marketplaces, social media targeted at local people. Therefore, you will attract more client to your barbershop as not of the local one have a convenient mobile app.
A month or annual subscription provides access to special offers, discounts, special prizes, and giveaways for clients who buy it.
To be sure that the client will not reject the appointment at the last minute, you can take a guarantee commission – it can behalf of the general sum or even 100% to avoid rescheduling.
Want to define what type of monetization would suit your Uber-like solution?
How much does it cost?
To make an app for Barbershop you need designers, developers, business analysts, project managers, and hard work by many professionals. Usually, the price for barber on-demand apps starts from $30k per one platform (iOS or Android) and it can increase, depending on the company you will choose. However, as we have ready-made developed modules as well as extensive experience in making such applications, our prices are lower. We may deliver your own service app with a unique design developed specifically for your barber business for about $38000 depending on the specification of your business. Our specialists made an MVP estimation for on-demand up, so check it out:
The average time of MVP development is 2-4 months. You can be sure to have a working prototype available for real users in about 3 months. During that time the design, functionality, integrated services, and final submission to AppStore and Google Play will all be done.
On-Demand Barbershop Cost
The rough cost of it is near $10k – $15k. Be sure, that the app will be fully custom and unique.
And pieces of code will be used to save your budget.
How to start Development process?
To start development with an outsourcing team, you must give yourself the answer to such questions:
1) Would you like to have the same functionality as Shortcut App has at the moment? Or you are comfortable to start with less for 1st release?
2) Do you have any access to the admin panel of Shortcut?
3) How would you like to monetize the app?
4) Do you have any limited budget or deadlines for this project?
Before the beginning of the development Uber app for barbers, you need to research the modern market of the same apps in your area, what functions and features they have, what services they offer to compare them, and define the crucial. Also, it is important to realize if your app will be useful and necessary, solve your clients’ complexities and meet their needs and if it will be beneficial for your business. Building a business strategy is key to success, however, you need to create it with the help of a professional Business Analyst who has already experience in this industry.
With every passing day, there are new apps in the market, and the number keeps on growing as per the current scenario. Every time an app comes in the market with the hope of delivering new and more features than other application of their domain.
As people, these days want new facilities in their control, and such desires are getting fulfilled by the modern era technologies.
Let’s discuss one similar app – local business directory app is one of those apps which become a sensation and known by the name “Yelp.” The app is very much helpful for a person in different aspects; also it gains a lot of popularity within a short period of time.
The Yelp app is available for both Android and iOS platforms; this makes the app available for both Android and iOS users. Moreover, if you want to develop the app similar to Yelp then, it necessary is for you first to understand every feature of this app.
With proper understanding, it is also necessary to have knowledge regarding the development of Android and iOS app. Even, you can hire any reputed software developing company for your Android or iOS App Development which has become the trend in this technological world driving the soul of modern businesses.
Further, let’s understand what this application is offering!! Let’s take a look:
What exactly is the Yelp app?
U.S.A based company Yelp Inc develop the app. It doesn’t matter what enterprises or establishment you are finding you can browse the application and you can know about your desired location.
Whether you are searching for a restaurant or a hotel, this app can help you to find the desired location. You can see the reviews to choose the best among the available options.
First of all, the app detects your location and after that provides you the list of all the available options. Options included are cafes, saloons, shops, market and many more. You can also apply the filters to make your search limited as per the requirement.
Once you have selected the option, you can get detailed information about that particular category which includes working hours, address and contact details. There will be a map to guide you the right destination.
You can check the reviews of people who have visited the place and even share your experience as reviews or comment.
As per the estimation, every month more than 32 million people use the app it helped them in improving the service selection quality. The increased rating of the Yelp App expected to increase the sales by 5 to 9%.
Every year about $8,000 sans add and $23,000 paid adds are on the app which indicates that businesses in the list of Yelp app can get good review and higher revenue.
Features supported by Yelp-like Local Search Platform:
The features are categories in three parts
- Consumer: Website or application user
- Admin: Web panel
- Owner of the business: Web panel
Features of Consumer app
- Embed review: With this feature, the customer can embed the reviews to their platform, and for this, the customer uses review’s code. The system creates the code when customer taps on ‘embed’ option.
- Integration of google map: Using this feature, the user can locate the different businesses on google map for providing customer navigation.
- Integration of Cloud Storage: Amazon and google storage is used for storing the information in a safe and secure manner.
- Content Management System: CMS allows to effectively manage the app content in images and the text format.
- Payment Gateway Integration: Integration of payment gateway allow users to securely make the payments. Payment modes like Paypal, debit and credit transactions, stripe, Braintree and many more can be integrated.
- SMS API integration: It allows to send the notifications to the users via SMS.
- Reporting and Analytics: It’s feature allows admin to get the updates about users visiting the app, details about bookings, etc.
Admin Section (for Business and User):
User profiles need to be considered first whether it’s for the business or user. Both have interaction in an entire advertising campaign through answering and giving the reviews, posting a photo, comment form, etc.
At some point, user and business may need to revisit the photo or comment they have posted and for they require the leisure. App keeps track of all the information in the right way.
Development of such local business directory app:
- Advertisement: Advertisements let you earn more. As per the survey with the advertisement of local businesses, Yelp earned about 73 percent of the total evaluation of the company and got a hike up to $35 billion.
- Apparel Store: Feature is beneficial for the customers who want to purchase online.
Sponsored search: “It is like the Google Search.” Yelp is paid by the dealers of local businesses to increase their ranking in the SERP.
- Deals and offers: YELP has Inbuilt offer system for their customers.
- Business Advertising: One can have page customization using the pictures, videos and spotlight reviews.
- SeatMe: In this, app reservation option is very beneficial for the restaurants and hotels. The option costs $99/month.
What cost require for Yelp-like App development?
The cost of development depends upon the various factors like :
Platform: The platform you choose (Android or IOS). Timescale relies on the complexity of the app which is equal for both. Also, the ultimate cost of the app may vary according to the features supported the more features mean more cost.
Design: The good interface is very important, but the complexity has a direct impact upon the cost. If the standard price is about $50 per hour, then the basic cost for app designing include the following for both platforms.
- User experience: The app must be easy to use so that clients can easily navigate from one page to other. User-friendly app design requires 40 to 150 hours and cost is up to $8,000.
- User-Interface Design: According to the market price, User interface takes 70 to 200 hours, and the cost is from $4,000 to $ 10,000.
App development company’s location
Nowadays, app development cost also depends on the location of the company. The charges for app development will higher in countries like America, Western Europe and might lesser in countries like India.
- Developers based in India: $20 to $80/hour
- Developers based in the U.S.A: $50 to $250/hour
- Developers based in Eastern Europe: $30 to $150/hour
You will avail the complete app with a single platform, and basic features cost you around $8,000 – $15,000. And if you want to develop both platforms for your application and include advanced features in it, then it cost you about $25,000.
As Election Day approaches, a dizzying number of tech startups are working to modernize, digitize, and mobile-ize nearly every aspect of the voting process.
From polling and get-out-the-vote platforms to audits and e-voting, tech companies are offering new tools to help cross the democratic (lowercase d) digital divide.
The well-documented shortcomings of traditional polling in 2016 sprung a cottage industry of new data analytics and opinion research companies like Change Research, started in 2017 by serial founder and angel investor Mike Greenfield. It’s one of 36 companies funded so far by progressive-leaning incubator Higher Ground Labs.
Another HGL alumnus, Avalanche Strategy, uses AI to interpret subtleties in speech to help candidates uncover voters’ true meaning.
Startups also are developing new tools to help campaigns get out the vote.
Mobilize America, which raised $3.75M earlier this year, developed a platform that 19 Democratic Party primary candidates used to organize volunteer efforts.
Companies are also helping election managers navigate the complex world of mail-in and in-person voting during a global pandemic. Clear Ballot won approval to audit New York City’s elections, and its system is used in four other states.
Ballotready provides “a mobile-first vote by mail tool” local election officials can use to ease the process for voters. The company also created a tool that allows voters to look up local election issues based on their zip code.
The proverbial (and non-party-affiliated) elephant in the room, of course: When will Americans be able to vote online, while eating Doritos on the couch in their pajamas (as they can for pretty much anything else these days)?
Companies like Democracy Live are working to make that happen. Seattle voters will get a glimpse of that future this year after that city adopted the system… for a local, obscure election to fill an open seat on the county’s Conservation Board.
While that’s not the warp-speed progress Silicon Valley is used to, bright minds at MIT and elsewhere — as well as e-voting experiments in Switzerland and France — make a good argument for a crawl-before-you-run approach.
Below is an overview of five applications to increase your personal productivity, which will allow you not only to have time to do more of everything, but also to live better and more consciously.
While entrepreneurs are storming the developers of mobile applications like EGO Creative and looking for options on how to make their business even more successful, their own productivity goes into the background.
Below is an overview of five applications to increase your personal productivity, which will allow you not only to have time to do more of everything, but also to live better and more consciously.
The application that occupies an honorable second place in the list, many call it an article manager. Indeed, Pocket is indispensable when you need to save an important article on a topic that interests you.
Any online information can be bookmarked (“pockets”) by categories and tags.
In order for all ideas to receive an “address” and so that later you do not have to painfully remember, “Well, where did I see this?”, Download this application and join 10 million users. It will surely help you out in those moments when there is more information than time.
Most importantly, what is saved in “pockets”, including video content, can then be viewed even offline.
The versatile productivity tool Notion can do anything, including keeping a to-do list. The main advantage of the service is incredible customization: literally everything can be customized for yourself. Powerful filters and sorting options allow you to set the display options for items flexibly, switching between list, board, calendar and table. Using comments and notifications, it is convenient to work on projects with colleagues. It’s easy to integrate tasks with kanban boards, notes, and other processes for which you use Notion.
Trello is a tool for managing a large number of projects conveniently. The application literally eliminates the headache associated with an endless stream of information. Now all the important points are always at hand and organized on the virtual task board in the form of neat stickers. It is enough to leave yourself a reminder in the form of a sticker and you will definitely not forget to buy bread for dinner.
You just need to drag and drop a task from one day to another to adjust the deadline. Trello is loved by students who track their learning progress. The app has also found fans among freelancers who are worried about submitting a project on time. All relevant information is always nearby, you just need to open the application.
1Password is one of the best password managers out there.
You can create strong and secure passwords for all online accounts you use, fill in usernames and passwords, access your data from all of your mobile devices and computers, and share passwords (great for teamwork).
You can log in with one click, the account creator is recognized by a fingerprint.
Seven is an online trainer with which you get a balanced load on all muscles just in 7 minutes.
You ask, what does productivity have to do with it? Given that the alternation of physical and intellectual activity greatly stimulates this very intellectual activity again. It also reduces stress, relieves fatigue, and this, in turn, cannot but have a positive effect on productivity.
This program is ideal for lovers of a healthy lifestyle or for those who decide to join them. The program supports multiple languages.
You can complete levels from beginner to athlete with an instructor sergeant, cheerleader or other characters as your coach. It’s easy to stay in shape with personalized plans. Define your goal, determine your fitness level, and the app will take care of the rest.
With such assistants, you will no longer be worried about the question, where the 1440 minutes allotted to you in a day went. If it seems to you that you could live this time more efficiently, do much more in a day, rather download the above applications to your smartphone and change the quality of your life.
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* WeWork released its much-anticipated S-1 filing to go public earlier this week.KEY POINTS
* The filing lays the groundwork for what is widely expected to be one of the largest IPOs of the year, but also details the myriad risks WeWork is likely to face once it goes public.
* Accelerating losses, expensive lease agreements and CEO Adam Neumann’s complex relationship at the company are among the risks it faces.
WeWork’s long-rumored IPO was announced this week by way of one of the most talked-about S-1s in recent history. The We Company, the parent of WeWork, released an S-1 loaded both with new information about the company’s financials and with some made-for-Twitter language. (“We dedicate this to the power of We — greater than any one of us, but inside each of us” is in the document’s opening.)
Among the more relevant financial revelations:
- WeWork is growing fast. Between 2017 and 2018, revenue doubled to an astounding $1.7 billion.
- But its base profit is thin. Of that $1.7 billion made in 2018, WeWork spent $1.5 billion just on operating its locations.
- And it’s hemorrhaging money. In the first 6 months of 2019 alone, WeWork lost nearly $690 million.
Whatever the financial implications of The We Company’s S-1, the company reports a rapidly growing worldwide customer base of 537,000 members. WeWork might have some questionable economics and dramatic language, but co-working, as a trend, clearly isn’t some flash in the pan.
And while WeWork may be a giant in the co-working space, it is far from the only player. While there are other co-working franchises competing directly with WeWork, such as IWG (a flexible workspace provider founded in 1989 as Regus), there are also many other niches within the broader co-working market:
- Community-specific co-working spaces. The Wing, which WeWork is an investor in, is a network of co-working and community spaces designed for women.
- Co-living companies. Companies like Quarters, Roam, Outsite, and The We Company’s WeLive combine the concept of co-working spaces with shared living spaces
- Co-working apps. Deskpass and LiquidSpace give co-workers access to a variety of spaces, while Yardi Kube and Cobot make it easy for business owners to manage a co-working space.
And with more and more companies hiring for remote work, flexible working spaces are only going to become more necessary, making co-working spaces both a vital service and an exciting market. WeWork’s future might be a topic of debate, but co-working is very much here to stay.
UpDate: The We Company, better known as WeWork, disclosed that it is unwinding a much-criticized deal that awarded CEO Adam Neumann $5.9 million for use of “we” trademarks. The company also said it intends to appoint Frances Frei, a Harvard Business School professor and consultant, to its currently all-male board.