Benefits of Having a Business Application
There are plenty of benefits to having a business mobile app. With people spending more time on mobile phones than ever before, it's undoubtedly the perfect target for increasing sales and customer loyalty.
While you might initially put a lot of time, money and effort into your website, there is a growing trend towards mobile apps and the greater benefits they can bring to your customers and business.
According to our experts, the main benefits of mobile apps for business include:
Increased customer engagement
Strengthened customer loyalty
Higher sales and revenue
Let's take a deeper look at these benefits for your business in the long run.
1. Increased Customer Engagement
One of the main reasons you should look into developing a mobile app for your business is to increase customer engagement. Having an app allows customers to connect to your brand at any time of the day and anywhere across the globe.
And according to statistics gathered by OptinMonster, mobile shopping is booming. They found that 67 percent of users admitted to window shopping on their smartphones for fun and almost 50 percent of people use their phones for shopping. This means that customers are using their mobile devices to browse and engage with brands around the clock.
Tristan Harris, senior marketing manager at Thrive Agency, says, "In addition to connecting, your customers want to remain connected for as long as possible. Furthermore, they want to be entertained wherever they are." This makes a mobile app the perfect way to hold your customers' attention and increase their engagement with your brand at any moment.
"As of now, SMS technology and customer phone calls are no longer sufficient," explains Harris. Mobile apps are more readily available for people, and they can be more interactive depending on the user's desires.
In fact, Kavin Patel, founder and CEO of Convrrt, says, "When compared to roadside banners or billboards, social network ads and email marketing, in-app purchases, ads and promotions have a stronger influence on the customer."
2. Strengthened Customer Loyalty
Another related benefit of having a mobile app for business is to strengthen customer loyalty. While apps can increase immediate engagement, they also help you retain customers and have them coming back again and again.
Tim Clarke, director of sales at SEO Blog, says, "Mobile apps can assist you in making your customers feel extraordinary and treated privately." Depending on what features you include on your app, you can make it a very personal experience and something that keeps them engaged for the long term.
For example, according to Clarke, "They can remember settings, keep wish lists, show tips, have commitment or loyalty programs, tailor services or content based on their curiosity, etc." This all enhances the customer experience and ensures they'll return.
Another app feature that can help increase customer loyalty is push notifications. Eric Netsch, CEO of Tapcart, states that "push notifications drive 92 percent of engagement." This can help remind your customers of sales, pre-sales on their favorite items or new arrivals. All these mobile app features help to turn your customers into loyal followers more than other marketing tools.
3. Higher Sales and Revenue
You might be wondering, does all that added customer engagement and loyalty actually increase sales and revenue though? Well, the experts and research says that it does.
According to SERPWatch, consumer spending on apps grew by 32 percent in the third quarter of 2020 alone, with mobile apps projected to generate more than $935 billion in revenue by 2023.
This massive growth in what is being termed m-commerce is what you can tap into with your own mobile app for business. Even more so, new studies show how apps convert more customers than web browsers.