Fantasy cricket apps like Dream11 are achieving a level of popularity that has been unimaginable in the past few years.
Dream11 has achieved a user base of more than 11 crores as reported by Similar Web. With the passing of each day, the overall revenue of the app is also increasing with every passing day. There is data available on Similar Web that suggests Dream11 generates revenue in the range of $200.0M to $500.0M per year.
The revenue generated by Dream11 and the increase in its user base is causing a lot of entrepreneurs to wish to invest in cricket exchange clone app development like Dream11.
In case you have been thinking of investing in fantasy sports app development then this blog might be of assistance to you in order to assist you in achieving such an endeavour.
So, let’s get started.
How to Develop a Fantasy Cricket App Like Dream11?
A successful fantasy cricket application is to be aspired by many people. However, because of the complexity involved in the development process, people often hesitate to get involved in it. Therefore, below we will share a step-by-step guide on how to develop a fantasy cricket app like Dream11:
Defining the Development Journey's Road Map
Great things happen because of great planning and great execution of the plan. Your idea of live Cricket scoring app development also requires great planning. You should plan the development journey ahead and prepare a document containing similar information. When you have a detailed development journey document to guide you along, you'll make sure you stay on the right path and decrease the chances of making mistakes in the development process. When you have created a plan, you will be able to move forward to the research part of the process.
Market Research Is Crucial
In each region, there is a variation in the demand of the users. Therefore, you can't expect the Dream11 development strategy to be applied to your goal. Having a complete understanding of the landscape is crucial to the success of your business. To eliminate any possibility of errors, you need to dive into your domain and research every aspect that will allow you to comprehend all your business requirements.
Apart from knowing your user base and understanding what your business is all about, you can also do a depth analysis of your competition in order to enhance your success.
Partner With Fantasy Sports App Development Company
When it comes to executing a great plan, you need to have a team of great people at your disposal. Therefore choose a fantasy sports app development company that has rich expertise in developing the Dream11 clone app.
Taking a look at the company's portfolio may be a good method to find out what certain projects they have worked on in the past will be similar to this one. Examine each of them and see how they have performed in the market and how successful they have been.
Rather than choosing a general app development, set your first preference to work with a company that has specialisation in cricket betting app development. Taking these steps will enable you to have the best results and you can expect a positive outcome from them.
Having selected a team of fantasy app developers, you would need to choose the technology stack of your project.
Development Process Deserves the Most Attention
Having chosen to develop your fantasy sports app or Dream11 clone application using a technology stack, the next step will be to finalise the protocols from your side and get started with the development of your app.
As part of the development process, you need to keep tabs on things so that you can make sure all of your goals are translated into feasible solutions in a timely manner.
Testing
Testing is one of the final steps in any app development project, and it is one of the most important steps. Having a mobile app that is bug-free and works on all the devices available in the market is vital, which is why you should test it on every conceivable module of Android and iOS in order to be sure that it will work.
Deployment of Your Fantasy Sports Application
Once you have completed the testing process, your fantasy cricket app like Dream11 is ready to be deployed. The next step after deployment is to work on the marking campaigns to find out which is the most efficient way to reach out to your audience in the best way possible.
How Does a Fantasy Cricket App Like Dream11 Make Money?
In most cases, earning revenues is one of the sole motivations behind the creation of fantasy sports platforms. Here we have mentioned a few of the most popular monetisation models that Dream11-like mobile apps can opt to make revenue:
Advertisements
Fantasy sports apps are very profitable due to their advertising revenue. You display commercials inside your app, and the ad networks pay you for the privilege of displaying the ads whenever a user clicks on your ad.
Participation Fee
Depending on how the user participates in the program, you can charge them a participation fee. Many of the most popular fantasy sports apps organize contests that charge a fee for participating. This kind of cash-prize contest is one of the major sources of revenue for the company.
Freemium
The app can be downloaded for free, but advanced features cannot be unlocked by the users until they purchase it, so they need to purchase the app to unlock them. This is one way you can profit from this approach by offering additional features to paid users, such as ad-free gaming, etc.
Technologies to Keep Your Dream11 Clone App Ahead of the Competition
The competition today is growing at an accelerated rate, therefore businesses need to adapt new technologies to stand out in the competition. Below we have given you the recommendation of a few technologies that you can adopt:
Artificial Intelligence is the Key to Offer Personalized Content to Users
Sport could be taken to a whole new level through the application of artificial intelligence. Since then, AI applications in sports have become commonplace. Users can suggest content they might like using artificial intelligence.
Your users may be able to receive personalized notifications or be offered contests based on the data you have available. The behavior of users can be used to predict intentions using deep learning algorithms.
The use of artificial intelligence can be applied to develop deep CRM analytics that will be able to help us better understand the expectations and behaviors of users in the future. Partnering with a fantasy sports app development company lets you offer personalized services utilizing AI.
Using AR/VR to Create an Environment that Mimics a Real-Life Setting
A life-like immersive environment is becoming possible through Augmented Reality and Virtual Reality. Users are being entertained and engaged with smart glasses and 3D projections by sports companies.
Augmented reality lets you create custom sports environments featuring computer-generated players and opponents. By using this technique, users will have the opportunity to experience a realistic gaming experience. Consequently, technologies are the most effective means of providing entertainment on the market today.
Blockchain Technology Offers Secure Payments
Regardless of whether it is a participation fee or a win amount, the users need to feel secure that their transactions are safe.
Blockchain technology is the basis of a decentralized network of technologies. Consequently, the likelihood of a fake transaction, document, or disclosure of any other information in this situation is significantly reduced.
Using blockchain technology with the help of a fantasy sports app development company provides security and speeds up data processing and transfer. Furthermore, the application of this technology is changing the way rewards and points are awarded in fantasy sports apps. A winning amount can be paid or withdrawn in cryptocurrency with blockchain integration.
Final Take
Now I hope you have enough information on live cricket scoring app development. The best practice you can follow to bring your vision into reality is finding the right fantasy sports app development company.
The selection of a company with extensive experience in Dream11 like app development is one of the most important steps you can take in order to achieve the success you have always desired.
Mentobile is one of the leading fantasy sports app development companies in India that offers highly personalized services to clients. With our expertise, we can assure you the best bug-free, market-captivating fantasy sports application infusing the latest technology advances. We learn that a good marketing campaign is enough to ensure the success of your business after we have deployed our solution.