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M-commerce or mobile commerce is a subset of e-commerce that lets you make purchases using your smartphone or tablet. With its growing popularity among consumers worldwide. Making an online transaction through mobile devices has never been quicker or easier with intuitive mobile apps that provide faster access combined with enhanced security measures such as two factor authentication for added peace of mind when shopping on the go. Factors like increased usage of smartphones and tablets plus advanced mobile data/public wifi coverage contribute towards the success story that is m- commerce today.
Forecasts show that sales from mobile retail ecommerce are predicted to increase significantly with an anticipated rise of up to $519 billion in revenue in 2023 and estimate surpassing beyond it with approximately over $710 billion till the year 2025. These predictions reveal how imperative it has become for businesses today to embrace mobile commerce as the new norm, not just an option but as an essential means of gaining an edge over competitors while efficiently catering modern-day consumer requirements.
But what are the advantages of mobile commerce for a business like yours? And why would you need an e-commerce app to take benefit of them? We'll address these concerns and show you how an e-commerce app may help you increase sales, attract new consumers, and boost customer loyalty in this write-up.
Benefits of Mobile Commerce for Your Business
- Convenience
This is the most significant one. Customers benefit from mobile commerce since they can shop whenever and wherever they want with only a few clicks on their smartphones. They are not needed to stand in queue, deal with traffic or carry big bags. They can readily compare costs, read reviews, and obtain coupons on their smartphones.
Convenience implies more sales chances, greater conversion rates, and fewer cart abandonment rates for your company. Push alerts, geo-targeting, and personalised suggestions may also be used to attract consumers to buy more from you.
- Accessibility
You may reach out to new customers who may not have access to a desktop computer or a physical store by using mobile commerce. Customers can also be targeted depending on their location, preferences, behaviour, and device kind. This allows you to offer them items and services that are most relevant to their needs and desires.
Being accessible means increased exposure, traffic, and brand awareness. Investing in an e-commerce avenue for your business can also increase your market share by entering new markets and locations that your competitors may not serve.
- Engagement
Harnessing the power of mobile commerce is an effective way for businesses to foster meaningful relationships with their clientele via immersive shopping experiences featured directly on mobile platforms. Incorporating e-commerce applications allows for even greater opportunities in interactively engaging one's target audience by providing not just information but also robust entertainment offerings. Further customization options such as curated benefit packages lead to strengthened consumer confidence in the brand due in part to prior positive experiences enjoyed exclusively within that particular retail environment.
Why You Need an E-commerce App for Mobile Commerce
Even if you have a mobile-friendly website, it may not be enough to fully realize the potential of e-commerce. A mobile-friendly website is designed to adapt to multiple screen sizes and browsers, but it will not provide the same degree of functionality, speed, and user experience as a native app.
These are some of the most important reasons why you need a native e-commerce app for mobile commerce:
- An e-commerce app may help you acquire more data about your customer's behaviour and preferences, allowing you to improve your product and marketing strategies.
- Push notifications from an e-commerce app can increase purchases and customer engagement
- An e-commerce app can integrate with other applications on your customers' devices, such as social media or payment apps, for greater convenience and trust.
- An e-commerce app will load quicker than a website, increasing conversions and lowering bounce rates
Final Thoughts
In order to thrive amidst rising competition in the modern-day e-commerce environment it’s crucial that businesses embrace mobile commerce trends sooner than later. Utilizing benefits such as user-friendliness, flexibility and higher levels of interactivity can produce significant positive outcomes over time. And most importantly you must choose a trustworthy and experienced e-commerce development company to assist you in designing an app that meets your goals and expectations.
Meet all your e-commerce needs seamlessly with Qaptive - one of the leading e-commerce development companies in the industry today. We're passionate about delivering solutions that exceed your expectations when it comes to selling products or services online. We specialise in offering a unique e-commerce experience that goes beyond simply purchasing and selling products or services over the internet with specialized features designed to give you an edge among competitors.
Qaptive extends its support beyond m-commerce by offering various auxiliary amenities including web development, digital marketing, branding and brand consulting. We understand that each facet is crucial in building and enhancing your online visibility, thus aiming to cover every requirement from planning to implementation.
If you are interested in working with Qaptive, contact us today and get a free quote for your project. Our team stands by, eager and prepared to help you achieve your mobile commerce aspirations and optimize business expansion.