When you look at your mobile device — phone, tablet or any other digital sidekick of choice — what do you see? One answer should hopefully be “a gateway to online shopping. According to Internet Retailer Magazine, mobile commerce accounted for 30 percent of all e-commerce sales in 2015. That’s a 38.7 percent increase over 2014, putting revenues to just over $104 billion.
How did we get to a time where mobile purchases accounted for nearly a third of all digital commerce sales in the United States?
With M-commerce on the rise, it’s not enough to realize how much M-commerce is growing. To be truly effective at marketing and selling through this channel, retailers should be aware of the reasons why it’s growing in order to better engage customers through this shopping platform.
According to Pew Research, 68 percent of Americans owned smartphones in 2015 — a figure up from 35 percent in 2011. With smartphone ownership on the rise, it’s no wonder M-commerce numbers are rising with it. Using smartphones to shop is only natural, especially since they’ve become computers on-the-go. Now, the entire web is at consumers’ fingertips no matter where they might be and forward-thinking retailers and app developers have come to realize that consumers want to shop using their smartphones, the same as they would using a computer.
There used to be a day when a consumer could look at a website for their favorite retailer on their phone, and be frustrated that it wasn’t mobile-friendly. That’s where tech-savvy retailers, who began thinking mobile-first, began to transform their existing websites into either responsive mobile designs, which adapt their website appearance to the type and size of a visitor’s device, or specialty mobile designs, which are built specifically for mobile users with less overall functionality but improved design for purchasing behaviors.
Similar Web issued a report in 2015 stating that more than 55 percent of traffic to today’s leading websites is from mobile devices, an increase of 14 percent over 2014. Google also released an algorithm update in April 2016 that penalized websites in mobile search results that were not mobile-friendly (though there is no current impact to those same websites in desktop searches). This means sites are being rewarded if they offer a mobile-friendly website, and is a great motivation to move into mobile-friendly territory.
Which industries are attracting the greatest volume of M-commerce traffic? Similar Web’s 2015 report lists the following industries as the leaders and most-visited by mobile users:
-> Garden and Home
-> Animals and Pets
-> Society and People
-> Hobbies and Recreation
-> Entertainment and Arts
-> Industry and Business
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