Last Updated on March 15, 2024 by Saira Farman
There are several reasons to develop a mobile application for your business. One of the most significant is the ability to better serve your customers. A mobile app can provide an intelligent help center for your customers, reducing the workload on your employees and improving customer satisfaction. A mobile app can also help you track questions and potential problems.
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Retaining Loyal Customers
The retention of current customers is important for business growth. Research shows that a business that improves its customer retention rate by 5% can increase its profits by 25 to 95%. In addition, a company can increase its sales by up to four-fold when a customer remains loyal to it for a longer period of time. Retention rates can be increased by putting in place the proper marketing and communication strategies.
Customer retention is crucial for a business’s brand. A successful retention strategy will help retain existing customers. Studies show that a company can increase profits by 25 to 95 percent just by making new customers more loyal. Moreover, customers who stay loyal to a brand are also a great source of word-of-mouth marketing. In fact, sixty-five percent of consumers will talk about a brand they already love. Word-of-mouth marketing increases exponentially when customers talk about a brand they trust.
Sales and Business Growth
Mobile apps can be a powerful tool for increasing sales. Consumers are using their spare time to browse the internet, and push notifications can remind them to return to your website or to purchase something they previously left in their cart. This is especially effective during peak hours, when consumers are most likely to be browsing the web. By sending simple messages to remind them that they left something in their cart, you can close the sale.
Helping Small Businesses in the Industry
There are many advantages to having a mobile application for your business. Not only will it help you stay connected with your customers, it will also increase your organic reach and sales conversion. According to statistics, more than half of smartphone users make purchases through their mobile device. As a result, having a mobile application for your business is crucial for its growth.
Small businesses should consider building a mobile application for their businesses. These applications will allow them to keep in touch with their consumers while providing an on-demand service. The rise of food delivery apps and logistics apps has made it possible for small businesses to compete with the big brands.
Competitive Advantage to Businesses
Businesses that develop mobile applications can reap several benefits. They help customers engage with their brand and products more effectively, and they provide multiple opportunities for marketing objectives. In addition, they can influence the customer journey and shape it to enhance business growth. This can help firms attain a competitive advantage. However, marketing literature on apps is sparse. This means that it is critical for businesses to understand how these technologies can influence business growth.
One of the most common benefits of mobile applications is productivity. Companies that can replace core desktop applications with mobile applications will benefit from increased productivity and competitive advantage. But before developing a mobile application, companies should consider which features will be most useful to their brand and then deploy them accordingly. For example, a mobile application should integrate with other business systems. Security is a critical feature for businesses as mobile devices are constantly on the move, containing proprietary and confidential information. Additionally, integration with other systems is valued by employees.
