Over time, technological advancements that are initially expensive and limited to those with large purses are usually made more affordable and accessible to the masses. This happened with websites and is happening now with mobile applications. Where only the big companies were once able to afford to create applications for their customers, now small businesses can do the same. What benefit does this bring to small businesses? Read on to find out.
Improved Customer Engagement
The relationship between most businesses and customers is usually one of that is terminated once the customer exits the doors of the business. However, when a customer downloads a business’ app on their mobile device, they invite the business into their world where there are multiple opportunities to engage them. Depending on the nature of your business, an app can offer your customers the chance to do something more with you, like take advantage of a promotion or style an avatar with outfits your store sells to see how they look and to decide if it will look good for their next event.
Scalability
In today’s business world, a lot of focus is being placed on ownership of assets that can be used to serve as many people as possible without incurring extra costs. Mobile app development provides businesses with that very opportunity. By building an app, you create an asset that you can use to serve your current base of customers, and can also be used to serve an almost unlimited number of customers who might choose to download and use that app. Your business will not have to spend any extra resources to take on those new customers, but their use of your app will yield benefits to your business.
Increased Sales Capacity
If your business is primarily located in one place, then the sales of the products it offers will be strictly limited to customers who are able to visit the store on any given day. Having an app means that regular and new customers can visit your app to make purchases and never even have to visit your store. Using apps, businesses are also able to offer discounts and other promotional offers to incentivize purchases via the app and can make payment more convenient, thereby ramping up their mobile app as an extra store front.
Gain a Competitive Edge
Although mobile app development has become accessible to more individuals and small businesses than ever before, not a lot of businesses are taking advantage of this newfound opportunity to further connect with their markets and customers. Hiring an app development company is becoming less expensive than it used to be due to the increased supply of app developers. By building an app for your business, you create an extra platform for success that your competition cannot hope to match and make your business even more valuable in the eyes of your customers. As markets become even more competitive through technology, having that app may be what keeps your business moving forward when others fall by the wayside.
Having a mobile app for your business was once an irrational luxury but is now an affordable tool that yields very high returns on investments. If you have decided to make that investment for your business, contact Page Lizard to help you design an app that will be valuable to you and your customers.
This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.
Contributed content
HedgeThink.com is the fund industry’s leading news, research and analysis source for individual and institutional accredited investors and professionals
