why m-commerce is the solution to your small business needs?
TRANSCRIPT
Why M-commerce Is The Solution
To Your Small Business Needs?
M-commerce is a term that describes
online sales transactions that use wireless
electronic devices such as hand-held
computers,mobile phones or laptops.
The purchase pattern has evolved, with the
internet boom. On-store purchase is on a
decline, with people opting for the
convenience of online stores. Easy delivery
and discounts have strengthened the cause
to a heightened level. Also, availability of
goods plays an important role, with goods
from all across the world easily available
with a click.
Naturally, M-commerce is on a rise, with a
larger slice of total sales recorded. It is
easy for any organization-big or small to
cash in to this trend. Especially for
emerging businesses, where they need to
opt for intelligent business solutions
without the inconvenience of budget
fluctuations.
Here are a few reasons why opting for
m-commerce benefits small businesses-
1. Boost Sales - Coupons
One of the most basic ways to inculcate
M-commerce is to understand the
potentiality coupons. The lure of coupons
is immense in customer psychology. If
played right, it can bring immense profit to
your revenue, apart from a great buzz
being generated. You can even set it up so
that the customer gets a coupon, the
moment they walk into your store. Be
careful of spamming, though. No one
wants to get a barrage of mails, promoting
unnecessary deals. Keep the message short
and engaging. Push notifications are
generally seen as less intrusive because the
customer has chosen to download your
app, making it a wonderful tool to boost
services.
2. Reward Customers - Loyalty schemes
Reward your customers through loyalty
programmes. Here, for a certain amount of
purchase, you can opt the said customer
for loyalty programme. In this particular
programme, you can provide special
discounts, freebies and added benefits to
make them feel special. This is a very good
ploy to earn trust and referrals. Also, you
can enlist "most loyal customers" to be the
spokesperson/ambassador. This ensures
great word-by-mouth publicity, which is
crucial to earn recognition in the current
business scenario.
3. Open a New Avenue for Sales - Mobile
Storefront
You can build up a simple mobile website,
or you can opt a native app. Keep it basic,
keep graphics light, and make it very easy
for clients to navigate. This works great for
any sort of purchase- goods and services.
An interactive website helps, as it keeps
the customer engaged. A good
user-friendly website ensures larger scale
of pay-per-click, leading to a rise in ROI. It
is also said that an increase in number of
purchase happens in those websites that
are pro-customer and have high customer
engagement policies.
4. Learn About Your Customers
Apps are essentially flexible. One of their
main use is to collect data about your
customers. Every customer has a purchase
pattern, which can be easily figured out
through collation of data. An app can
utilize these connections and voluntarily
collect valuable information. Also, provide
them an option to set up a profile. On the
basis of profile parameters, you can
customize the messages and services. This
would enhance customer interaction and
conversion of mere interest to purchase
becomes comprehensive.
5. Engage Customers - Apps
There's a wealth of opportunity to get in
touch with your customers, boost sales,
and make things easier for everyone
involved, though mobile apps. Apps can
help you transform your smartphone into a
powerful device. These tiny applications
can fulfil almost all sorts of requirements.
They enhance end-user involvement,
making the device more productive to
perform a plethora of general purpose
computing operations.
Through M-commerce, can improve the
productivity of their work even without
spending too much money. The
opportunities are endless, so get into the
bandwagon before it's too late.