How much does it cost to develop an on-demand website like Myteam11.com

 

Throw a stick in the air and it will hit Sports fans. They are everywhere, watching their favorite team’s match and supporting them through thick and thin. A few years ago, ew entrepreneurs thought about monetizing this love and making a profit. This is how the Sports Fantasy industry came into existence. Although if you want to then the history of Sports Fantasy goes back a long time till after the second world war. Most people might think that there are already companies with millions of followers in the industry and it is too late for them to join the race. Well not according to the CEO of Dream11.com. According to him, the Fantasy Sports market is a dynamic industry and fans are always looking to try their luck on new platforms. This makes opportunities for newcomers. So if you are also someone who has an idea about the Fantasy Sports platform and wondering about How much it costs to develop an on-demand website like Myteam11.com. Well, in that case, keep reading because today we are going to share with you key features, cost deciding factors, and a company that you can hire to get your website design and develop. Welcome to the Tech Pathway blog, today we are going to share with you How much it costs to develop an on-demandwebsite like Myteam11.com. 

Also read:- How much does it cost to develop an on-demand app like BalleBaazi

History and business model of Myteam11.com

My Team 11 is a Jaipur based startup that was founded in 2016 by Vinit Godara and Sanjit Sihag. Soon after their launch, Myteam11 reached around 15 million downloads across different platforms with 10 million users by the year 2019. In 2019 Virat Kolhi himself also shared a photo of the startup on his Instagram account after which the application saw a huge rise in total download numbers. Myteam11 has used bootstrapped techniques to grow their business among its competition. According to Myteam11, they have annual revenue of over 20 million with a scope of reaching $100 million soon in 4 to 5 years. 

The business model of Myteam11.com

Myteam11 business model is pretty simple and is like other Fantasy Sports platforms in the industry. 

• They charge users to enter a tournament. Each tournament entry fee is different as the winning chances and money. 
• Myteam11 takes at least 20% of the total entry fee as platform charges. 
• After taking their commission Myteam11.com distributed the rest of the amount among players who participated in the tournament. 

How to play Fantasy Sports 

• First, the user needs to download the Fantasy Sports application or open the Fantasy Sports website in their browser. 
• Second, once they have opened the platform they need to register and log in using their credentials. 
• Third, after that users will need to enter a tournament or they can also create their own. 
• Once they have entered the tournament they now need to create their own team using real-life players who are going to play into matches. 
• Now depending upon how your players performed in the matches you will be rewarded points. 
• After that, depending upon the total number of points you will be rewarded with price money. The better your players performed in the match the more chance of winning you would have. 

Also read:- A complete guide of an on-demand website and app like Dream11.com

Key features of an on-demand website like Myteam11

User Panel

• Registration: This feature will let your platform’s users register using their credentials including Full name, email ID, age, address, and user name. 
• Sign in: After the registration process is done, the user can sign in onto the platform using their ID and password using this feature. 
• Dashboard: Once users are signed in they will land on their dashboard, this will work as a homepage. The dashboard will show different pieces of information such as upcoming matches, current matches, live scores, current contests, etc. 
• 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.
• 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. 
• My profile: This feature will allow users to update their KYC documents to get verified for the winning withdrawals. 
• Upcoming matches: This feature will show any upcoming matches so users can take their time to research matches and players. 

Admin panel

• Login: Admin can log in onto the platform from here.
• Dashboard: Once admin is logged in onto the platform they will land here. This 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. 
• User management system: User management system will be used to add or remove users using this feature.
• Managing reward and Cashbacks points: Admin can manage the reward and cashback to users. 
• 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: Users can check the live score of 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.
• GPS location tracking: This will allow the application to know the location of the user. 

How much it costs to develop an on-demand website like Myteam11.com

 

• The development company: This is the key element that will highly affect the cost price, for example, A company from India will charge you $40 per hour whereas a company from the UK or the USA will charge you around $200 per hour.
• The total number of platform support: If you want your on-demand Fantasy Sports app and website to support Desktop, Android, iOS, and Windows mobile phones as well as have more than one panel then it will cost you more since developers will have to create applications for every platform and the panels separately. 
• The complexity of your app’s UI & UX and the total number of features: Depending upon the total number of features, your app’s complexity will increase. 

The final cost of your Myteam11.com like the app and website will be anywhere between $10,000 to $100,000 depending upon the factors I have mentioned above.

Also read:- How much does it cost to develop an on-demand sports fantasy website like My 11 circle.com

Looking for a company to hire

If you are looking for a software development company for your Fantasy Sports app 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. In addition to that,  we offer a very flexible and affordable price structure for both iOS app development as well as 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 app while you focus on more important tasks of your business. 

Our on-demand services

• 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