STEP-1 Define your project scope and requirements

• Define the goals and objectives of the project.
• Define the scope of the project in terms of what will be included and excluded.
• Define the requirements of the project in terms of functionality, features, and content.
• Define the timeline for the project and identify milestones.
• Define the budget for the project and identify the sources of funding.

STEP-2 Research and identify potential development partners

• Research the needs of your target market and develop a unique selling proposition (USP) for your fractional NFT marketplace.
• Identify potential development partners who can help you build and launch your fractional NFT marketplace.
• Develop a business plan for your fractional NFT marketplace and track your progress against milestones.
• Secure funding for your fractional NFT marketplace development from investors or other sources.
• Launch your fractional NFT marketplace and begin marketing it to your target audience.

STEP-3 Request proposals and quotes from prospective developers

• When requesting proposals and quotes from prospective developers, be sure to specify your project requirements in detail. This will help ensure that you receive bids that are accurate and realistic.
• Be sure to ask for a breakdown of the proposed development costs, so that you can better understand where your money will be going.
• Make sure to ask about the developers' previous experience with developing similar applications or platforms. This will give you a better idea of their capabilities.
• Ask for a timeline of the proposed development process, so that you can plan accordingly.
• Finally, don't forget to negotiate! Developers are usually willing to work with you on price, so don't be afraid to haggle a bit.

STEP-4 Evaluate proposals and select the best developer for your project

• Review the developer's proposal thoroughly and evaluate their ability to meet your project's requirements.
• Check the developer's portfolio and reviews to get a sense of their work quality and customer satisfaction.
• Make sure the developer is available to work on your project during your desired time frame.
• Discuss your project in detail with the developer to ensure they understand your vision.
• Compare proposals from multiple developers to select the one that best meets your needs.

STEP-5 Negotiate terms and conditions of the development agreement

• The development agreement should clearly outline the roles and responsibilities of each party involved in the project.
• The agreement should also specify the timeframe for the project and the milestones that need to be met.
• The budget for the project should be clearly stated in the agreement.
• The agreement should also address the issue of ownership of the developed project.
• Finally, the agreement should specify the terms and conditions under which the project can be terminated.

STEP-6 Manage and monitor the progress of the project during development

• Define project milestones and track progress against them.
• Keep stakeholders informed of project progress and identify any potential risks or issues.
• Manage and monitor project budget and resources.
• Manage changes to the project scope and requirements.
• Ensure quality standards are met throughout the project.