How much it costs to develop an on-demand dating app like Bumble
There is a saying
“finding your soulmate is like finding the perfect shoes” unless you feel
comfortable and at ease with your significant other, the search keeps on. Among
hundreds of dating applications, Bumble and Tinder have been successful by
creating a name for themselves by generating enough revenue. They together
generate over half a billion dollars in revenue. Although applications like
Bumble have already taken over the market, there is still plenty of room for
newcomers to try their luck with new ideas to connect people. Do you also have
an idea for an on-demand dating app? Are you searching the Internet for an
answer to how much it costs to develop an on-demand dating app like Bumble?
If yes then keep reading because today we are going to discuss the history,
business model, and key features of an on-demand dating app like Bumble. Welcome
to the Tech Pathway blog, today we are going to share with you How muchit costs to develop an on-demand dating app like Bumble.
Also read:- What is the cost to develop an on-demand dating app like Tinder for Android & iOS
History and business model of Bumble
History
Bumble is a
women-focused dating app launched in late 2014 by Andrey Andreev and Whitney
Wolfe Herd. Whitney Wolfe Herd was one of the co-founders of Tinder but later
left the company after filing a sexual harassment lawsuit against Tinder and
it’s parent company IAC. After it’s launched the women-focus dating app soon
became one of the most famous dating platforms among women. Its success can be
measured by the fact that it’s soon after its launch, the platform gained over
100 million users. According to a report by Bloomberg, Bumble is going to
announce its IPO offering between 6 billion to 8 billion.
Business model
The company makes its
money by selling premium features to its users. Bumble also asks every user to
complete an identification process for the purpose of gaining transparency and
trust. According to the CEO of Bumble, the platform is one of the most secure
and women-focused available in the industry. Last year, Blackstone Group bought
Andrey Andreev’s share from her and which made the company valued around $3
billion. Currently, everyone is talking about Bumble’s IPO in the next year.
Famous Indian actress Priyanka Chopra also has invested in the company.
After its success in
the dating world, Bumble also entered friendship and networking.
Currently, trend of online dating
- According
to a recent study, the dating market is on the rise at a
4.62% rate and will soon reach the $9 billion milestones from its current
$7 billion.
- According
to another study that by the year-end of 2030 about half of the married
couple would have met somewhere online.
- Even
currently, over 20% of the dating couple have found their life-partner on
one of the on-demand dating platforms.
- In
the USA alone over 1 out of 6 marriages have happened because of an
n-demand platform like Tinder.
- Despite
its reputation, not everyone is on the dating app for hookups rather
almost half are looking for something serious.
- According
to one of the most popular on-demand dating platforms eHarmony has helped
over 2 million couples to get in a relationship.
Also read:- How much does it cost to develop an on-demand app like Happn – Local Dating App
How do on-demand dating apps match people?
Dating application
uses various techniques to find the perfect partners for their users such as
- Preferences:
Dating applications use
machine learning to find out your perfect match. ML algorithms use the
user’s pre-entered preference such as their likes and dislikes, are they
indoor person or outdoor, as well as are they looking for something
serious or just hookups.
- Matches:
In order to connect with
someone and chat, both sides have to swipe up the other one’s
profile.
- Location:
Location is another factor
that dating apps use to match people.
- Your
personal niche: Some
of the apps use your personal interests, preferences, and gender to select
you for a social group and use that to find the match.
How you can earn from your Bumble like app
Google ads: Google ads are one of the most used
ways to monetize applications. They use a few lines of codes that developers
can put any of their desired screens in the app.
Paid alone features: These features are a one-time purchase.
This means users can use these features only once after they have paid for
them. For example, users can send real flowers to someone’s address they have
been talking to.
Sponsored profile: Sponsored are most famous in the dating
app industry. They ask users to pay in order to make their profiles more
visible on the platform. Even users are more than happy to pay for their chance
to find partners.
Subscription: After Google ads, allowing users to pay
in order to use premium functions of the application is another way to monetize
your app. All of the famous dating applications use this feature.
Key features of an on-demand dating app like Bumble
User Panel
- Registration
- Sign
in
- User
profile
- Profile
verification
- Set
preference
- Set
interest
- Set
location
- Check
profile ad view photos
- Swipe
left or right, or swipe upside or down to show interest
- In-app
chat feature
- In-app
call feature
- In-app
calling
- Delete
chat
- Push
notification
- Report
user
- Report
manage
- Chat
history
- Choose
subscription plan
- Settings
- Multiple
payment gateways
Admin Panel
- Sign
in
- Dashboard
- Routine
backup
- Maintenance
- Security
management system
- Discovery
settings
- Push
notification management system
- Customer
relationship management (CRM)
- Update
the application
- Analytic
reports
- Make
reports
- User
management system
- Content
management system
- Payment
management system
How much it costs to develop an on-demand dating app like Bumble
There are a few
factors that come into play when you are estimating the cost of your dating
app.
The first factor is
the type of app
There are 4 types of
application
- Web
app: Web apps cost between $10000 to $15000.
- Hybrid
app: These cost between $15000 to $20000.
- React
Native app: They cost about $20000 to $25000.
- Native
app: They cost more than $30,000+.
The location of the development company
The location of the
development company is another factor that matters when it comes to the
development cost of an app. Different countries based companies charge you
different per development hours. Generally, this depends upon whether the
country is developed or developing. For example:
- A
USA based company: Per
development hour rates are $200.
- A
Europe-based company: Per
development hour rates are $150.
- An
Australia-based company: Per
development hour rates are $100.
- An
India-based company: Per
development hour rates are $40 to $50.
The total number of platforms
Depending upon the
total number of platforms you want your dating app to support will also affect
the final development cost. You can use Hybrid apps to lower the cost. However,
hybrid apps have their own fair share of hurdles.
The quality of the UI & UX
Unless your dating
application has a simple but better-looking layout as well as easy to navigate,
users are not going to pay for it. Depending upon the quality of UI & UX
the final design cost of your app will be affected.
The total number of features and panels
The last factor is
the total number of features and panels you are going to use in your app. A
perfect dating app shall have all of the key features that I have
above-mentioned. In addition to that, you can also add features to send flowers
or gifts through the app directly.
You can also add
machine learning and artificial intelligence to improve the user
experience.
Depending upon the above-mentioned factor the estimated design and development cost of your on-demand dating app will be anywhere between $5,000 to $50,000.
Also read:- How much does it cost to develop an on-demand app like TrulyMadly – Dating For Singles in India
Looking for a development company
If you are looking for a budget-friendly development company then you are exactly in the right place. Tech Pathway is India’s one of the top leading IT consultancy companies. Our designers and developers have prior experience with developing on-demanddating apps as well as different areas of expertise with technologies. Tech Pathways’ biggest goal is a quality application and satisfied client. This is the reason they have a client satisfaction rate of 4.9 out of 5 stars.
Here’s what we offer
- Salesforce support
- Digital Marketing and Ad campaign
- AI chatbot
- Application
Maintenance and update
- Quality
customer service
- Record
time delivery
- Post-development
support
- Easy
to update and maintain code script
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