Those were quite tricky as people had no idea about how the products looked. For every transaction that takes place in your OLX clone, you will receive your commission charges as a transaction fee from both the buyers and sellers.
After the advent of mobile apps like OLX, it has become easy for people to sell or buy used products wisely through the app. You can also compete in the classified market with a robust OLX clone app.
What are the best ways to generate revenue with an OLX clone app?
With an app like OLX, you can generate revenue in several aspects. They are,
Transaction fee
For every transaction that takes place in your OLX clone, you will receive your commission charges as a transaction fee from both the buyers and sellers.
Premium ad fee
The sellers who want to have additional features and to list their products at the top of the app can opt for it by paying a premium fee. This premium fee can be collected from sellers either monthly or yearly.
Advertisement fee
Third-parties who want to promote or advertise their products will approach you with an advertisement fee. You can charge different fees for features at different parts of the app.
Google ads,
This is a great way for generating revenue where you can invite Google ads to run in your app. It not only generates revenue but also increases app traffic.
Summing up,
The online classified marketplace holds great potential for entrepreneurs like you to exhibit their skills. To develop a robust OLX clone app to launch your online marketplace business.
