How Developing a Mobile App Can Drive Revenue for Your Business
For entrepreneurs, turning their vision into a business is a big dream and it does not come easily. There are varied challenges that come from different corners and with the the development of technology the chances of success have also increased. Mobile marketing is the new trend and various mobile apps can now help businesses engage their customers in a better way and also keep their employees well connected and boost the bottom line. In simple words, taking advantage of new innovations and mobile technology ensures that your company remains ahead of the market competition.
From implementing specific features like GPS down to the fact that people are carrying computers in their pockets, today smartphones also open up a world of opportunities for businesses both large and small.
Here is how a mobile app can help you
Geo targeted push notifications:
It was earlier suggested that mobile devices would present users with information all over the world in an automatic way. Today, geo targeted push notifications can be used in various ways in businesses:
• Notify fans about events, concerts and updates about the availability of tickets
• A national chain can send city or region based notifications about specific discounts or offers based on the user's interest.
• Retailers can boost their loyalty by sending special offers to their customers who have been purchasing for the past few years.
• Businesses owners can also announce sales or discounts on their products during specific seasons.
Mobile apps offer additional sales opportunities:
Another biggest opportunity for businesses using mobile apps is to open up a whole new world of customers and engagement opportunities. Interactions with the customers has become geo-agnostic and mobile apps maximize the opportunity to reach the users within no time. There are push notifications that might remind the users of a nearly abandoned shopping cart and also bring them back and offer a more seamless experience for storing login information, which means an easier path to purchase and make transactions.
Another powerful advantage of mobile apps for online business is that they can easily trace the behavior of the customer and what they actually want. Important things that can keep the users engaged or even at times turn them off can be analyzed. Tracking signals from mobile devices are opening the world of data gathering and analytics for the marketers. It is by using this data that advertisers can understand the behavior of the visitors and also use the information collected to make essential changes in the marketing strategy.
Dynamic sale offers:
Once you get tied up with technology and start using push notifications, you will observe that many magical things will start to happen. Businesses can now gather essential customer data and track the ad campaigns to deliver best sales offers at the right time. Various mobile apps enable businesses to do varied things and implement dynamic sales strategies to boost revenues. For example, there are certain seasons when people do a lot of online shopping. Giving them discounts during festive seasons often increases the sales and ultimate revenues.
Wearable devices are drawing attention:
As per the International Data Corporation, the market for wearables is assumed to experience a composite annual growth of about 20.3%. From body sensors, wearable cameras to healthcare tracking devices, wearables are gaining popularity and are going beyond the healthcare industry and is going to be one of the most promising mobile app development trends of 2017.
Pushing through the funnel:
There are many customers who browse through the store, check various products and then walk out to another store without making a purchase. This is called bounce and online users bounce for various reasons and the reasons are even greater when it is on mobile. Some reasons are that the users might not have a credit card handy, or typing the information may be too tedious or there may be some other distractions and they may simply put their phone back in their pocket. One way to restrict this transaction abandonment is through automated address filling. Using the GPS of a phone, the transactional app can easily detect the user's location and automatically fill the address data. Such mobile applications make the transactions easier and reduces the bounce rates.
Many showroom owners complain that shoppers visit the physical store to inspect the goods in person and then after finalizing on the product, they purchase it online where the prices are usually cheaper. Price comparison tools help the retailers drive additional website traffic and sales and mobile apps are helping businesses to increase ROI by increasing their efficiency. With the apps, users can be narrowly targeted and customers can be lured back to make a purchase. All these efficiencies result in generating more revenue and enhance the overall customer's experience.