Most technology savvy investors have an increased interest in the Emerging-growth technologies (ETFs), which is simply an amalgamation of various portfolios based on apps.
Besides following the trending apps, the startup and existing smart businesses have the discretion of choosing from a wide variety of options and settling for an app idea that they’re most comfortable with.
Mobile applications, for any kind of business, have become the sole conduit in making a fascinating shift in increased returns for better profits.
Here is an elaborate sneak peek into some of the reasons for making that much sought after, mobile app investment move for your business.
1. Improving online customer service
Since a majority of people use smartphones on their day-to-day activities in calling, texting and accessing mobile-friendly sites on the internet, you should take advantage of that scope. You can directly engage with your customers on a daily basis and let them know more about your services, brand specialties, new deals and offers in an improved customer experience manner.
2. Builds Loyalty
Giving your potential and existing customers loyalty points and greater convenience is one sure-fire-way of increasing prospects. Through the apps you will be able to indulge your customers to joining your exclusive clubs in order to receive various previews concerning your new services and notifications about deals or discounts in order to make them feel privileged to be part of your company.
Customers and existing clients are bound to reciprocate on such loyalty by making more purchases or subscriptions. It’s all about connecting your customers to your brand than elevating the economic value of your brand. If they get an emotional connection with the brand then you can easily translate it into profits.
3. Mobile Apps create an enhanced geographic reach
Research has proven that most smartphone users prefer using their devices on apps as compared to visiting conventional websites. It’s easier for a prospect to click on your business’s app and proliferate your geographic reach than to search and visit your website.
4. Elevate brand Visibility
Push notifications have a great impact on attracting your customers’ attention. In order to steal the customers’ attention and keep them in your funnel of brand memory, you ought to be tactical with your push notifications technology. Your brand will virtually be part of your customers’ day-to-day lives.
5. Maximized ROI
Mobile apps have an unprecedented growth in terms of improved customer relations which directly translates to better Returns On Investment (ROI). The apps are simpler and cheaper ways of garnering a huge customer base because they are used at the same drive by all people from different walks of life and age group across the world.
There are thousands of mobile app developers and several apps in the virtual market vying for a place among the competition. So, no one is 100% sure about the particular apps that will get viral and the type of mobile apps resulting in the successful downloads. Although gaming apps seem to be dominating the market, the space is still limitless for new entrants from all sectors.
Furthermore, the fact that the number of apps to be stored in an individual’s smartphone is directly dependent of the phone memory is an indicator that some apps might be put to oblivion as others get developed.
The Mobile App market space is controlled by the Venture Capitalists (VCs). Most app users are either searching for information or verifying some information. For instance if a tech savvy client is looking for a suitable tail log windows tool he or she can easily get access to the available tools by clicking on the relevant application on the smartphone. It’s always prudent to deal with a company that has already made an impact in the mobile app development industry.