How much does it cost to build a job hiring marketplace?

In this post we dive into job hiring marketplace and what to expect when you are looking to build one, either on your own, or with a development agency like us. At Mayven Studios, we have built a lot of software and written clean code since 2015.

Table of Contents

I. Online Marketplaces Background

• Brief overview of online job hiring marketplaces and their impact on industries
• Explanation of the factors affecting the cost of building a job hiring marketplace

II. How we build job hiring marketplaces

• Brief overview of the company and its experience building online marketplaces
• Job hiring marketplace estimates

III. What Features Does an Online Job Marketplace Have?

• List of key features typically found in job hiring marketplaces

IV. The Real Cost to Build a Job Hiring Marketplace

• Explanation of the cost range for building a job hiring marketplace
• Discussion of the hourly rate of developers and how it affects the cost
• Importance of considering the feature set required for the job hiring marketplace
• Explanation of how to determine the cost by gathering quotes from developers

I. Background on marketplaces

Online marketplaces have shaken up many different industries, from retail to travel. The job market is the ideal place to look for opportunities to join the revolution, but how much does it cost to build a job hiring marketplace?

There are various factors that can affect marketplace development costs. Custom development can be costly, but understanding what influences prices is helpful.

The two main factors involved are:

• The developer’s hourly rate – how the developer charges and what they charge
• Feature set – the set of features required for your job marketplace

II. Mayven Studios’ Marketplace Experience

At Mayven Studios, we have extensive experience building online marketplaces. We have worked with businesses in different industries, including the creation of the podcast influencer marketplace Podcorn, Online job marketplace Hired.com, a marketplace for hiring influencers called Famebit (acquired by Youtube), among many others. Our team of software engineers and designers, along with QA and project management, has a total size of over 65 people, making us a trusted and capable partner for your job hiring marketplace project. If you’re interested in building a job hiring marketplace, don’t hesitate to get in touch for a quote.

III. What Features Does an Online Job Marketplace Have?

An online job marketplace typically has the following key features:

• User accounts
• Built-in payment system
• Messaging
• Real-time booking or purchasing
• Listings
• Reviews and feedback

IV. The Real Cost to Build a Job Hiring Marketplace

There is no set price for building a job hiring marketplace, and the cost will vary depending on the size of the project and the hourly rate of the developer.

The hourly rate of a developer can range greatly, with some charging as low as $30 per hour and others charging upwards of $200 per hour. It’s important to find a developer that fits within your budget while still delivering high-quality work. Typically with most things, you get what you pay for in terms of speed, reliability as it relates to cost.

The feature set required for your job hiring marketplace will also impact the cost. A simple job hiring marketplace can cost anywhere between $25,000 to $50,000, while more complex marketplaces with added features and functionality can cost upwards of $200,000.

To determine the cost of building a job hiring marketplace, it’s best to gather quotes from developers. This will give you a good idea of what you can expect to pay for your specific requirements.

Building a job hiring marketplace can be a significant investment, but understanding the factors that influence its cost can help you make informed decisions. At Mayven Studios, we have extensive experience building online marketplaces and can help you get your job hiring marketplace up and running at an affordable cost. Once your marketplace is built, the next step will be getting users onboarded to your marketplace — your “Go to market” strategy.

Boris Wertz at Version One Ventures writes extensively on Marketplaces and how to build them up. You can read about their thoughts on marketplaces at the Version One VC site as you research how to build an online job marketplace and the requirements for getting started.