With the IPL season going around and for the first time a Fantasy Sports website Dream11.com is sponsoring the IPL, the hype around Sports Fantasy is at the peak. This dynamic industry is filled with various websites and applications offering their users the fastest live score and a chance to win unlimited cash rewards. If you want to know a bit more about the history of Sports Fantasy then it goes back to the end of WW2. Bill Winkenbach who was a part-owner of a football team Oakland Raiders football team, gathered some of his friends and selected a few players and created the very first football fantasy league. In fantasy, sports participants have to make a team using real-life players. Based on those players’ performance during the match as well as during the tournament points are distributed. Today Sports Fantasy is a billion dollars industry around the globe and continues to rise. Although like every other industry it also has its ups and downs as well as rare clashes with local betting & gambling laws but in overall, the industry continues to rise. Since you are searching the Internet for How much it costs to develop an on-demand website like Fancode.com we are going to walk you through the whole development process. In addition to that, we will also share how the cost should be estimated as well as it’s key features. Welcome to the Tech pathway blog, today we are going to share with you How much it costs to develop an on-demand website like Fancode.com.
History and business model of Fancode.com
History of the Fancode.com
The website Fancode.com is another sports aggregator platform offered by India’s famous Chennai based startup Dream11. The website offers its users an as free platform for commerce, content, and community connection. The website is led by industry experts Prasana Krishnan as chief strategy officer and Yannik Colaco as a chief business officer. According to the Chief business officer Yannik Colaco, the next big wave in sports consumption is the Fantasy Sports industry. Fancode.com targets it by offering live scores, in-depth match analysis, fantasy sports research, and other much-needed features. The website also offers users to watch live matches of Cricket, basketball, and Baseball. The application has already over 10m downloads in the Play Store.
The business model of Fancode.com
The business model of Fancode.com somehow resembles Fantasy Sports websites as well as e-commerce websites. They have Sports Fantasy tournaments for users who want to earn a cash reward by entering into tournaments as well as Fancode.com also sells official merchandise on their store.
They earn by charging users to enter tournaments and keeping about 20% of the total amount as platform commission. Once the matches are over the whole amount is distributed among top participants. This has been a great way to monetise the platform and earn profits for all the Sports Fantasy applications and websites.
Another way that Fancode has monetised their platform is by selling passes to online live streaming on their website. The average cost of a match’s pass is 15 rupees and can be viewed on mobile, tablet, computer, and website.
Key features of Fancode.com
User Panel
Registration: Registration feature allows the user to register on the platform using their gmail, or facebook account.
Sign in: The user can use sign in feature to login into the platform once the registration is complete.
Home: Home is like a dashboard where the user can navigate through the application. Homepage has all of the feature buttons for users to choose.
Schedule: This feature shows all of the schedule matches for the day. Users can use this to know which teams will be playing on the current day.
Search Contest: Users can search for the type of tournament that they want to join based on their preferences.
Contest: Depending upon the type of tournament that the user wants to join, they can join using this feature.
Shop: Fancode.com also has an e-commerce segment on their website. Users can shop for official merchandise from here.
Select Sports: Select sports allow users to choose among various available sports on the platform including Football, Cricket, Basketball, NFL, Handball, and Baseball.
Live match score: Users can use the live match score feature to check the live score of any ongoing match.
My contest details: Once the user has submitted the fee they can create their team from here as well as check their score points of the current contest.
Different payment methods: Once users have chosen the contest they will use payment gateways to pay their entry fee.
Schedule & upcoming matches: This option can be used by the user for checking any upcoming & schedule matches in their favourite sports.
Admin panel
Login: The admin can log in onto the platform from here.
Dashboard: Once admin is logged in onto the platform they will land here. This Homepage/Dashboard will be used to navigate throughout the whole platform.
Match management system: Match management system will be used to add or remove different contests.
Games category management: Games category will allow the admin to efficiently manage all the categories of the matches that users are allowed to take part in.
Managing reward and Cashbacks points: The admin can manage the reward and cashback to users.
User management system: User management system will be used to add or remove users using this feature.
Managing payment requests: This feature will allow users to manage all the payment withdrawal requests made by users.
Additional features
Integration of APIs: Different APIs are needed to make a running fantasy sports app.
Live match score: The User can check the live score of the on-going matches as well as the performance of players from here.
Real-time analytics: Real-time analytics helps in constantly storing, recording, and updating data in real-time.
GPS location tracking: This will allow the application to know the location of the user.
Real-time analytics: This feature helps in constantly storing, recording, and updating data in real-time.
There are several factors that come into play while deciding over the estimated cost of developing an on-demand Sports Fantasy website like Fancode.com.
The first factor will be:
The per-hour development rate: In cases of big projects such as games, complex websites, and applications where your requirements might change as the project proceeds, the development company asks you to go with a per-hour development rate.
The fixed price for the app development: The first factor will be, that companies will ask you about your expectations with the app beforehand and decide on the final development cost.
The second factor will be the type of app that you required
Web application: The average development cost for a web app is anywhere around $10,000 to $15,000.
React Native app: React native app cost around $20,000 to $25,000 in development cost.
Hybrid application: In the case of hybrid apps the average development cost will be $15,000 to $20,000.
Native app: The average development cost of a native app is the highest meaning of $30,000+.
The third factor will be development cost based on their country
Different software development companies charge you differently based on the economics of their own country. This means a developed country’s company from Europe will charge you higher than a company based in a developing country like India.
A USA based company will charge you around $200 to $250 per hour.
An Eastern European country will charge you around $150 to $200 per development hour.
An Indian company will charge you anywhere around $30 to $50 per hour.
The fourth factor will be based on features of the app
The complexity of the UI & UX of the app: Depending upon the type complexity of the UI & UX of your website and sports fantasy application, the average cost will be decided.
The total number of features and panel: The total number of features and panels that you want in your application and Sports Fantasy website will also affect the final cost of your Fancode.com like website.
The total number of supported platforms: The support for various platforms is necessary if you want to capture the most of the database. For example, Android only makes upto 80% of the total market and 19% is owned by iOS. This means you have to invest in multi platform support for your website to get the most out.
Looking for a company to hire
If you are looking for a software development company for your Fantasy Sports app and website like Fancode.com’s development then Tech Pathway is India’s one of the top leading IT consultancy companies. Hiring mobile application developers from the Tech Pathway will not only help you with sports fantasy application development but as well as fantasy website development. Here we offer a very flexible and affordable price structure for both iOS app development and Android app development to all of our clients. Apart from that our dedicated team of developers and designers are ready with all the experience as well as the latest tools & technology to help you turn your dream app into reality. Get in touch with us and let us develop your website while you focus on more important tasks of your business.
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