Bank Smarter, Not Harder: The Best Mobile Banking App Features
Customer satisfaction is key to any app’s success. And the best mobile banking app features elevate the customer experience.
Let’s say you want to buy a fan. What’s the first thing that comes to your mind when you think about buying a new one? Is it going around the store, looking at different kinds of fans, and then deciding that you want to buy the orange-black one from the first store you see? Or do you prefer to take out your phone or laptop, log into your favorite e-commerce platform, look at the range of products available, compare the prices, and read the reviews?
eCommerce apps have become the go-to shopping experience. For users, online stores are convenient and reduce any possible friction while shopping. For businesses and developers, they are a must-have to increase their online presence while boosting revenue.
If you are a developer looking to build a side hustle, or a new business only dabbling in the world of eCommerce apps, or even just simply interested in how to build an eCommerce app, this article is for you. But first, we need to get through the basics.
Google Cloud defines an eCommerce app (sometimes referred to as a mobile eCommerce app) as a software program that allows users to purchase and sell goods or services online. Different types of features are required for eCommerce apps depending on the type of consumer. Some features of an eCommerce app include browsing product catalogs, adding items to a cart, creating a wish list, payment processing, tracking shipment, and other order management functions.
There are three primary types of eCommerce apps:
The e Commerce app market seems narrow - but is it entirely true? Will there be any space left for further growth in this market? We need to take a close look at the statistics before jumping to any sort of conclusion.
It is clear that eCommerce platforms have the potential to be a profitable businesses. If implemented correctly, it is possible to make a name for oneself in this rapidly expanding sector.
Other than financial reasons, there are a number of facts worth considering, whether you are new to the eCommerce industry or if you already are an established commerce business.
Developing an eCommerce app from scratch ensures that customers receive a consistent and distinctive shopping experience, allowing your business to differentiate itself and maintain customer loyalty.
Building an eCommerce app from the very beginning instead of depending on one that’s already available on the market gives you the power to customize the app as needed. In addition to the app’s key features, you can scale and add unique features that align with your business goal and vision.
In addition, you can build an app from the ground up and integrate it with your existing business system. This means you can centralize all your important data and information related to revenue, stock, delivery, etc., and reduce the risk of costly mistakes from switching between different applications.
Setting up an online store gives your customers easy access. We live in a world where almost everything is done on a smartphone - be it entertainment, work, or shopping. There are, after all, more mobile phones than people in the world - 8.58 billion cellular subscriptions were in use in 2022 globally. This number alone should be a solid reason for you to kickstart your eCommerce mobile app development journey and even start putting your product in app stores.
Developing an eCommerce application has been demonstrated to increase revenue for major players in the industry, such as Walmart or Amazon. Suppose your customers wish to purchase a product from your company online, but you do not have an online store; it is highly probable that they will choose your competitor’s service. In summary, the purpose of an eCommerce application is to offer your customers a consistent, one-of-a-kind experience while also competing with your competitors.
No matter what eCommerce app idea you have in mind, there are nine must-have features you must consider during the development process.
Whether you are looking to build an Android app or an app for Apple’s app store, there are basic steps to go through in the development process.
What is your vision for this eCommerce application? What do you have to offer that your opponents don’t? After answering these questions, define your target audience. What are their preferences and behaviors? Conduct your surveys as needed, then draw up a detailed plan for your app.
Once a goal and vision have been established, it is important to select the features and functions for your applications. These should be in line with your objectives and target audience. While it is important to include the essential features outlined above, it is also important to consider the features that will differentiate your app from other similar applications. Additionally, the number of features chosen should be taken into consideration, as the more complex and numerous they are, the longer it will take to launch the app.
Depending on your goals, budget, and expertise, there are numerous tech stacks to choose from. The right tech stack makes all the difference. Having a professional team like the Orient Software Team on board creates a solid foundation for the coming steps.
How much is your business willing to invest in the project? How long is the project estimated to be? How much flexibility do you want when it comes to changing the designs or adding new features?
Depending on what you want, you can choose a SaaS Solution or build a bespoke app. SAAS-based eCommerce apps are simple to set up and only take a few weeks to launch. That’s because a clever plugin can make your webstore a PWA or a native app. But with SAAS solutions, you only get to choose from the available features.
As for bespoke apps, you are building brand-new apps from the ground up. With custom software development services, you get to be very specific about what you want in your own app and add complex integrations.
After launching the app, marketing the product is just as important as developing it. A great eCommerce app is one that continuously gathers feedback and improves itself. Your users will keep asking for updates and enhancements, and your developers should be able to keep rolling out updates that meet their needs, giving them more reasons to keep using your app.
Product catalog management is the process of adding, editing, and removing products from a catalog over a period of time. It also involves managing product information, such as pricing and availability, as well as product descriptions.
Customers have high expectations in their online shopping experience. This is especially pronounced during large sales in the year, like Cyber Monday sales or Single’s Day sales. eCommerce apps should be able to handle large traffic or volumes without lagging. Make sure this box is checked during the eCommerce app development process.
Your eCommerce app will store sensitive information from your users, including their personal information and payment details. Make sure security is one of the top priorities when you are working on building the app. Shield the user’s data with secure payment gateways, two-factor authentication, and encryption.
User interface/user experience (UI/UX) design is one of the crucial factors in providing your users with an enhanced customer experience. The experience should be seamless and even go beyond the in-person shopping experience. The UX/ UI design, color scheme, and imagery are all part of your business’ identity and voice.
It is clear that a lot goes into developing a successful eCommerce app. You need to conduct thorough market research and understand the type of app you would like to build, figure out the key features, choose the right tech stack and processes, and keep working on the project even after launching.
If you need any help on your eCommerce app project, contact us, and we are more than happy to help!
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