A well said quote by Jean Paul Ago CEO L’Oreal- “Ecommerce isn’t the cherry on the cake, it’s the new cake.”
The new cake in the universe is so much delicious that it’s widely liked, accepted, and continuously growing in size, sales, and ROI (Projected to grow to $6.54 trillion by 2022).
It’s a sign, in the Ecommerce drive, the entrepreneurs can enjoy immense success because it’s loved by the customers.
What the users want- that can be anything, they just have it at the fingertips. They can buy clothes, groceries, reserve hotels, and book tickets just by moving around in the small real estate of the phone- an e-commerce application. It’s a great deal! Isn’t it?
Well, Ecommerce shopping has become a common phenomenon for customers. However, still, there is a lot of room to grow because there are many areas that are yet not explored.
It means- it’s a lucrative opportunity for the budding players who want to get build an Ecommerce store to address the challenges that they are facing with offline retail stores but the overcrowded Ecommerce market is deterring them to go ahead.
Want to overcome the obstacles with the offline store and join the gold rush? Still, not sure? Here, we have explained how building an e-commerce app turns out beneficial for your business:
Improving awareness to every nook and corner of the world
With a physical store, the retailer can have increased reach to the limited number of buyers that live within a geographical area. Ecommerce website development leads to unlimited visibility where the playground turns into a whole world. It helps the retailers to open the stores virtually in every nation, which is an expensive and tedious task if done conventionally. Customers from all over the globe can access, view, and buy the product from your store, which means higher sales thus high returns.
Higher acquisition with search engine visibility
The brick-and-mortar store serves as a brand for the customers living under a particular region and the store will have long-term relationships with them only. Driving new customers to the store is quite a task. On the other side, with Ecommerce development, the store automatically gains visibility on search engines- that’s where customers are already searching for them. The search engine visibility brings such customers to the website who have even never heard about the store.
Always stay at top of the customers’ mind
The physical store owners often find it difficult to keep in touch with existing customers to increase sales, repeat purchases, and improve loyalty. With e-commerce mobile app development, there is a powerful weapon- notification that helps in sending some sort of messages to the customers that are less often goes unnoticed.
It helps in targeted communication where in-app notifications about discounts, promotions, new arrivals, and loyalty programs not just keep the customers informed but encourage them to visit the app and perform the intended action.
Ensure a consistent stream of revenue
Guaranteeing consistent sales and revenue is a hard nut to crack in for every store owner. It’s not the case with an Ecommerce store owner. The organic traffic ensures that traffic keeps coming to the store if the store manage to rank high in the search engine results. Additionally, PPC ads, social marketing, and affiliate marketing bring a good amount of traffic to the store.
When the Ecommerce store gains enough userbase, they can allow the businesses to post the ads for CPI, CPM, and CPR, which helps in bringing the specific amount of ROI to the business regularly.
Reach out to your on-the-go customers with an on-the-go application
Most people are shopaholics, but they love to shop in the leisure or spare time like- while driving to the office, listening to music, walking in the garden, and others. That’s where ecommerce solutions come in handy. This is the biggest benefit of building an e-commerce app for your business. With an active internet connection, you can make the store accessible and the customers can reach and shop from your store anytime and anywhere.
Remain open 24/7
The physical stores have their limitations in terms of keeping the store open- round the clock all year round. The Ecommerce app development turns the table upside down by enabling the store to remain open 24/7/365. The customers can browse the items and make orders at a convenient time without needing to rush to the shop when it’s about to close in the night. The ‘Always open’ concept of the store helps owners to receive a greater number of orders.
Improved bottom line
Running a physical store is not an inexpensive affair. Instead, the owners have to pay for store rent, labor wages, stock maintenance, necessary repairs, and investment in services. The charges cut down the profits regularly, which is not the case with online stores.
Although the online store has associated marketing cost, advertising cost, maintenance cost, and software cost but they are not as high as physical stores’ charges. The low financial cost leads to higher profits in the end.
Upgrade the store in sync with users’ expectations
The users’ feedback is the only way to know the points that delight customers or irritate them. For the physical store owners, it’s difficult to collect the user’s reviews for the products and services received. On the flip side, the Ecommerce store can easily gather the user’s reviews and ratings by asking them after the shopping or sending an email, which helps in improving the Ecommerce store accordingly. When the store considers the users’ feedback, it makes the customers feel better as their feedback is considered and builds a sense of trust.
Manage the inventory seamlessly
The physical stores struggle with inventory management because sometimes the products are overstocked or understocked which leads to losses. Analyzing the products’ demand is no easy task. The analytics feature in Ecommerce development show the detailed reports and send important notifications to the owner about inventory that includes- items that are low on inventory, items to keep in stock for the upcoming season, or short shelf-life items about to expire or rotten. Thereafter, the owner can place an order for the items to the wholesalers or manufacturers.
The Ecommerce app development is such a wonderful thing in the retail space that has gained huge momentum with a range of benefits for the customers and the retail businesses. If you are pretty convinced with the ways Ecommerce store addressing your problems and creating golden opportunities to make bundles, then it’s high time to jump on the Ecommerce bandwagon. All the best!