Trends

 

08 04 2014

08 04 2014

Mobile Websites Beat Apps in Ecommerce Transactions

Apps may lend themselves to browsing, games and company exploration, but mobile websites still outstrip apps in regard to ecommerce transactions, a recent report has found. Analysis conducted by eMarketer found approximately 19 percent of US retail transactions will take place on a mobile device in 2014. The “Mobile Commerce Deep Dive: The Products, Channels and Tactics Fueling Growth” report also noted that by 2016, this figure is expected to rise to 25 percent.

Apps are certainly the most popular platforms for smartphone Internet use – 86 percent of US smartphone users spent their time on the Internet exploring through apps. Furthermore, a 2013 report conducted by Nielsen found that adult iPhone and Android users spent 65 percent more time on apps than they did in 2011.

App use has not, however, undermined the popularity of mobile website shopping. Approximately 32 percent of US mobile users said in a PricewaterhouseCoopers survey that they made weekly purchases via mobile websites.

Furthermore, 55 percent of those polled in a 2013 Baynote survey said they made holiday purchases through mobile websites rather than apps, up from 43 percent who reported they did the same over the 2012 winter holidays. Conversely, just 34 percent of those surveyed said they used mobile apps on phones or tablets to make purchases during this same time period.

It can be concluded, therefore, that although an asset to companies of all sizes, apps should not be the focal point for businesses when trying to increase ecommerce traffic. Rather, companies should emphasize the importance of creating mobile friendly websites that are conducive to shopping, as creating a rich website both for desktop and mobile use can draw in and retain customers. In short, the easier it is to make a purchase, the better. Those interested in launching mobile websites can approach lenders like National Funding to finance their technological endeavors through small business loans and other financial options.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

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To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan.  What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number.  We will also ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.

 

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