Many top mobile app development companies in the USA have turned their sights toward competing against popular dating apps like Tinder and Bumble in an attempt to grab market share away from these giants, while this comprehensive guide to app development provides the ideal starting point.
Even during an epidemic, love-seekers persisted with their search. Tinder reached its highest success rate ever in March 2020 and that too in one day by crossing more than 2.9 billion swipes. These stats show how the demand for apps like Tinder is getting higher with every passing day.
Let’s dive right in and begin our adventure together.
Tinder app: An Overview
Sean Rad and Justin Mateen won a hackathon with an innovative idea in 2012 to revolutionize how people meet online by matching people based on location and shared interests with one simple swipe of a finger – now, Tinder stands as one of the highest grossing non-gaming apps with over 430 million downloads globally!
Tinder is a dating app where users can swipe right or left to find an ideal date based on proximity. Once two individuals match, they can chat before setting a real world meeting up date.
Some statistics that shows you must not hesitate and invest in the process of Tinder like app development:
- Tinder now connects over one Million dates each week!
- It can be found in over 190 countries and 40+ languages worldwide.
- Tinder has an estimated valuation of approximately $1.6 billion
- Tinder users typically log-on approximately eleven times every day.
- Each day, over 1.6 Billion swipes occur and 20 billion matches take place.
Features And Functionalities For Your Dating App Like Tinder
TikTok’s popular dating app boasts some great features that are making it such a hit among its users. You must have the below specified features while investing in the apps like Tinder:
- Log in and Signup
- Swipe Surge
- Matching Algorithm
- Implement Push Notifications in Your App
- Private Chat
- Search Filters
- Video Chat
- Tinder Passport
- Security on Dating Apps
Finding The Right Model For Business
Tinder and its alternatives utilize multiple business models for making money:
Tinder Plus Business Model.
Under this model, users have free access to basic app features while they may opt to purchase premium packages with more advanced functions:
A) Enhancing Profile:- Our app charges users a nominal fee to place their profile as the top search result on searches conducted with specific terms.
B) Advanced Swipe:- This new feature, powered by machine learning algorithms, completely alters how users perceive photos.
C) Unlimited Likes:- While users with free apps only are limited in how many right swipes or likes they are allowed, those with paid accounts enjoy unrestricted right swipes or likes.
Ways To Monetize Your Tinder Like Dating App
Below are the steps as suggested by mobile app development company experts to get your Tinder like application monetized.
- Profile Tools and Filtering: Browse photos and browse video profiles while also using filtering tools to assist singles in finding their ideal partner.
- Promote romance: Chat, favorites, comments and video messages allow users to quickly form initial interactions within your dating app and post status updates easily.
- Matchmaking your Way: Yours will be a tailor-made app, giving you full creative control to add any algorithms you believe would assist users in finding potential matches.
- Be safe: By offering advanced privacy settings that enable potential users to block unwanted attention – your users will feel safer using your application.
- Love could be waiting around the corner: Geolocation allows singles to find suitable singles who live nearby.
Dating App Like Tinder: Costing
Cost estimates range between $55,000-$65,000 for working with Indian/ Asian developers; working directly can reduce this figure by 30%. Should your app require developing for both platforms (iOS and Android separately) your budget could easily pass $100k. App development costs depend heavily upon which platforms you wish to cover with the development process.
- Mobile Phones:- Your app could either run exclusively on iOS or Android, or create one with cross-platform compatibility for maximum success and cost efficiency. However, creating such an application takes much more time and resources to develop.
- Web App:- Decide whether your online dating service will also operate via its own website.
- Tablets:- For optimal user experiences, ensure your app is compatible with tablets. As part of our efforts in helping you assess what it takes to create an app like Tinder, we’ve worked on breaking it down to its smallest elements.
Let us now examine the average hourly rates of development companies across various regions.
Based on hourly rates and expenses associated with developing an app like Tinder from scratch will require an investment of approximately $550,000; while developing it for use in UK or European markets will cost much less – about PS260,000 in total.
Providing that your budget exceeds $150,000, an MVP might be an effective starting point for developing your product or service. Tinder utilized an MVP model as a way of hooking users before fully developing all its features.
Now when you are clear about the costing, it is time for you to invest in the Tinder like app development service. You just need to find the right company where you can have your needs covered as per your budget and that too without any kind of compromise in terms of quality and service.
The experts have a fair knowledge of the features and functionalities that must be in your Tinder like app. They study the best available dating apps and assist you with the best of service. Dating app development may be an attractive investment opportunity. However, app creation requires significant financial and human resources, along with an experienced development team.