Playing lotteries has always been a trend, whether offline or online. The conventional ways were quite daunting; people had to wait long to purchase tickets. Moreover, they had to wait longer for the announcement of the results. This stressful and time-wasting phase is successfully replaced with online applications/platforms.
Raffle involves buying tickets for playing lottery games. It also acts as a great fundraising platform to raise money. With digital adoption, the craze among people is amplified to the ultimate level, leading to enhanced popularity. Businesses across the globe want to invest in such platforms to drive massive growth.
If you are looking to build an online raffle platform but don't know about the cost details, then contact our team of experts and get an exact price quote.
The online raffle platform development cost ranges from $30k-$80k. The cost will tend to differ depending on the project specifics and customization. Hyperlocal Cloud is a on-demand app development company that has helped entrepreneurs develop smart platforms at affordable prices. Connect with our specialists and get an in-depth cost breakdown. Take a glimpse at some salient factors influencing the project-making cost.
Factors Affecting Online Raffle Platform Development Cost
The price of developing an online raffle platform is affected by the following variables:
- Development process
- Company’s size
- Integrated features
- Tech stacks
- Project complexity
Let’s dive deep into the details;
Development Process
Developing an intuitive and performance-driven platform is a strenuous task. The right expertise and skilled developers result in the ideal platform development. Considerable time and effort go behind the whole software development process. Here, we have mentioned everything comprehensively:
Consultation
Our consultants help businesses reach their desired goals by talking about pain points, giving strong analytical advice, and solving problems.
Research And Planning
Our qualified researchers are capable of identifying market trends, performing competitive analysis and creating a well-thought-out business plan.
Designing & Development
Our dedicated team of designers and developers has a knack for top programming languages and advanced frameworks that lead to superior and responsive platform development.
Quality Assurance
Our software testers perform phenomenal testing techniques to remove bugs and errors from the developed platforms.
Launch, Maintenance, And Marketing
We will help you launch the platform on the dedicated server and offer post-maintenance services in case of technical glitches. Even our marketing services are matchless where we promote your platform on various social media platforms.
| Development Process | Cost Estimation |
| Consultation | $3000-$4000 |
| Research And Planning | $4500-$5500 |
| Designing | $5000-$6000 |
| Development | $7000-$8000 |
| Testing | $5500-$6500 |
| Launch And Maintenance | $5000-$6500 |
| Marketing | >$5500 |
Company’s Size
The cost of developing an online raffle platform is significantly influenced by the size of the company undertaking the project. This is because the number of employees impacts the overall project expenses. Companies with a larger workforce incur higher costs due to the need to pay more salaries.
| Company’s Size | Employees | Development Cost |
| Startups | 20 to 50 | $8000-$10,000 |
| Medium scale | 50-250 | $10000-$15000 |
| Large scale | >250 | >$ 25000 |
Integrated Features
The features integrated within the platform steadily influence the online raffle platform development cost. It is completely dependent upon the client as to which features they need to add.
Ticket Purchasing
Helps in the swift buying of tickets online through credit/debit cards. The tickets are sold/distributed and winners are notified automatically.
Marketing Tools
Our online raffle platform comprises top marketing tools that help creators promote their raffles on different social media platforms and fetch more followers/customers.
Intuitive Dashboard
With a user-friendly dashboard, the creators are able to see all details like time duration, available/sold-out ticket prices, and sales/revenue growth through graphical charts.
Community Management
Such attributes allow platform owners to deeply engage within their community, through comment sections, chat forums, etc.
Device Responsive Design
With the fabulous set of tools, the design of the devices becomes extremely responsive, compelling users to purchase tickets.
Push Notifications
Our online Raffle platform comes with a push notifications option telling participants of forthcoming raffle results and key updates.
Technological Stacks
Tech stacks are the main elements of any platform/app development. These comprise programming languages, APIs, databases, cloud, front-end/back-end tools, frameworks, etc. It instills responsiveness. It provides an engaging browsing experience to the user with the scope for scalability at cost-effective prices.
Take a look at the table below:
| Tech-Stacks | Cost Estimation |
| Programming Languages | $7000-$12000 |
| APIs | $5000-$8000 |
| Frameworks | $6000-$9000 |
| Artificial Intelligence | $8000- $15000 |
| Operating system | $10000-$14000 |
| Cloud storage | $12000-$15000 |
| Database | $7000-$12000 |
Personalization
Our online raffle platform development cost is open to personalization. Tailoring the platform according to the client's requirements is an add-on job. In this case, the overall look and the features can be modified to some extent. The main reason behind customization is to elevate the customer experience and make the platform look visually appealing. So, this process is going to affect the cost. Here, we have enlisted a few of them:
- Security
- Geolocation Access
- Real-Time Tracking
- Tickets & donations
- Real-time analytics
- Transaction Management
- Card management
Level Of Complexity
There are categorically three types of platforms i.e. basic, medium, and advanced. Depending on the complexity, the time and effort put in by the designers based on which the cost depends.
| Design Type | Platform Development Cost |
| Basic | $8000-$10000 |
| Medium | $10000-$15000 |
| Advanced | $15000-$25000 |
White Label App Or App From Scratch
It’s quite obvious that more intricacies involved in the project result in greater development cost. Predominantly, there are two scenarios; one is to build the platform from scratch, which may encounter certain complications leading to huge costs. On the contrary, a white-label solution is ready to deploy and does not require any major changes, thereby saving time.
Advantages Of Developing An Online Raffle Platform
Community Building
This platform aids in maximum community building that empowers users' greater sense of loyalty.
Key Engagement Metrics
With the option of tracking the no. of sold tickets and how many are left is calculated. These help gain much deeper insights based on which strategies are built to gain maximum profit.
High Revenue
The top engagement level by the users adds up to boosted sales. There is a perfect chance of raising money from the tickets sold, resulting in higher ROI.
Time-Saving
With the automated fundraising feature, a massive time is saved as the platform offers digital payment methods with online receipts.
Community Feedback
The online raffle platform opens a wide section of opportunities that serve as fantastic opportunities for gathering feedback from community members. It helps creators to measure the participant’s input for future releases.
Why Choose Hyperlocal Cloud For Raffle Platform Development
Hyperlocal Cloud is a reliable firm serving businesses with their quality services and world-class expertise Here, we have mentioned some of the facts that make us the favorite choice of businesses universally:
Adept In Advanced Technologies
Our experts are well-versed in futuristic technologies that help build intuitive, innovative and user-friendly platforms.
24*7 Technical Assistance
Our customer support executives are available all the time and are ready to resolve project-related issues and complexities.
Agile Methodologies
We follow a robust management approach where the project is divided into different phases to achieve better results while maintaining customer satisfaction.
Cost-Effective Prices
We develop the platforms at affordable prices without hampering the quality of the project at any level.
Top Security Measures
We adopt advanced security protocols and measures to safeguard client’s information and confidential data.
Tech -Expertise
Our specialists have expertise in the latest languages like React, Flutter, NodeJS, Python, Java, etc.
So, Why hold back? Contact our business analysts and get a precise online raffle platform development cost.
