Jan 13, 2022
In Business Forum
Long gone are the days when shopping meant driving to a brick-and-mortar store and standing in long checkout lines. Now, you’re just a tap away from purchasing whatever you want and getting it delivered right to your doorstep. More and more people are making the shift from desktop to mobile shopping. Online shopping via mobile devices has almost doubled from 8% to 15%, while the same for desktops has dropped by 23%. 56% of all smartphone users are making purchases from mobile apps. Mobile commerce is the future of online shopping. Over 2 billion mobile users will make some sort of m-commerce transaction by the end of 2017. With this shift from brick-and-mortar and desktop purchases comes a shift in purchasing mentality/behavior. Averagr Purchase Graph The average mobile purchase decision happens within few minutes and not days or weeks. But how does mobile technology shape consumers buying habits? 7 Channels to Grow your Online Retail Business 7 Channels to Grow your Online Retail Business Learn about the various marketing channels that popular retail brands are increasingly using in their growth strategies. Download EBook Now The In’s and Out’s of M-Commerce Mobile devices now account for 19% of all US retail business, and is estimated to grow to 27% by the end of 2018. A point-of-sale solutions survey of US business owners conducted by Square and Mercury Analytics found that: 56% of them have a physical store 43% sell through Amazon (more should, considering almost half of purchases begin here) 34% sell through their own website 25% sell through Facebook Store (40% on social media as a whole) 22% sell through other marketplaces (Etsy, eBay, etc.) Launching an online store has become much easier compared to scaling an online business, even for the most seasoned ecommerce giants. M-commerce sales are scaling exponentially Colombia Phone Numbers List compared to e-commerce, while many retailers are still struggling to capitalize on their online sales channels. Content delivery across wireless devices is becoming faster, more secure, and scalable. So, there is broad speculation that m-commerce will surpass e-commerce as the method of choice for digital commerce transactions. How M-Commerce is Changing the Shopping Experience E-Commerce Expenditure The graph above shows the growth of mobile commerce over the last few years. Several factors have driven this growth: Rise in popularity of mobile apps Mobile phones with larger screens and better technology Higher bandwidth, from 3G to 4G (and 5G in 2020 and beyond). E-Commerce Sales This graph shows figures for the US market. Mobile traffic to websites crossed the 40% mark in 2016. Savvy marketers should understand how people are shopping on mobile — and then develop marketing strategies that target these customers accordingly. Strategies to Improve User Engagement User acquisition is a scalable investment for mobile marketing teams, and this makes user retention all the more important. Online businesses implement a successful user engagement strategy to reap the benefits of long-term customer value. With the holiday season approaching, it is essential that all mobile apps optimize their conversion rates. Engaging new users the right way during this holiday season could win you loyal customers. There are a few ways that an online business can increase their mobile app marketing ROI through push notifications, which have been shown to increase user engagement. 7 Channels to Grow your Online Retail Business 7 Channels to Grow your Online Retail Business Learn about the various marketing channels that popular retail brands are increasingly using in their growth strategies. Download EBook Now Here are some tips to guide m-commerce businesses to improve user engagement and retention. 1. Avoiding Push Notifications for One-Time Users Almost 80% of users do not use newly downloaded apps after the first day. A dormant user doesn’t necessarily mean a user is unhappy with your app. You can engage these dormant users outside the app using personalized emails, SMS, and geo-targeted ads to bring them back to your app. Schedule a push notification for users who opted in during installation that will be triggered after several days of dormancy.