E-commerce is the most preferred way to trade goods and services. More and more people today prefer to buy articles through the internet and assistive technologies. The key elements driving this e-commerce revolution are social media, advances in e-commerce application development, the growing emphasis on mobile commerce and other digital modes. The role of e-commerce applications is very important here.
Most common e-commerce applications
In the previous section, we briefly touched on two perceptions of e-commerce applications. Now, let us examine them in more detail.
1. Retail and wholesale
E-retailing or online retailing refers to the transaction of goods and services from businesses to consumers through online stores. This is achieved through means such as virtual shopping carts and e-catalogs. There are a lot of e-commerce applications in this field.
2. Finance
Finance and e-commerce are more connected today than ever before. Banks and stock markets make significant use of e-commerce in their operations. Online banking offers terms like balance check, bill payment, money transfer. Allows people to trade electronically by providing information about stocks such as performance reports, analysis, charts, etc. through online stock trading websites.
3. Preparation
In manufacturing, e-commerce is formed as a medium for companies to implement the electronic conversion. US buying and selling, market share sharing, inventory inspection information, etc. It allows groups of companies to conduct their operations fluidly.
4. Auction
Applying e-commerce to auctions will take people to a more significant level of participation without further geographical boundaries. This will lead to more participation, more negotiations and help make the auction a success.
5. Marketing
Marketing activities such as building price, product features, and customer relationships are strengthened using e-commerce to provide customers with a better and more customized shopping experience. Digital marketing strategies have become an important way to promote businesses.
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6. Online shopping
Public shopping preferences have undergone huge changes over the past few years. “Go Online” has become a mantra for all businesses to succeed. Online shopping is convenient, convenient, and often costly. Proof of this is the prosperity of online shopping apps like Flipkart and Amazon.
7. Mobile and web applications
Also known as mobile e-commerce or M-Commerce apps, it is a subset of retail e-commerce. Mobile or web application development has become a staple for brands to showcase their business capabilities. Customers make purchases through optimized mobile or web applications for retailers. These apps also ensure payment security through secure e-payment methods.
8. Online booking
Travel and tourism is a growing industry today, and online booking is an eCommerce application that is growing as a result. Online booking helps people to book essential travel services like train/air tickets, hotel rooms, travel packages, transportation services. This makes it very convenient and easy for people to travel while being able to fit everything from the fingertips.
9. Online Publishing
Digital magazines and e-books are slowly replacing traditional printed books. It has many advantages such as portability, lightweights, and availability everywhere. These help to reduce paper and protect trees. For these reasons, the popularity of online publishing or e-publishing is growing.
10. e-Banking
E-Banking or Internet Banking is an e-commerce application that has simplified the time-consuming and complex banking processes for the public. This allows bank customers to easily transact online without having to wait in long queues at banks. Every major bank today has its online application to provide virtual banking services to its customers.
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How can e-commerce apps help your business grow?
# 1. Let it impress
# 2. Reduce your spending
# 3. Customer satisfaction
# 4. People are mobile
Well, if you still do not believe. We have many reasons to impress you about the need to take steps towards a robust e-commerce mobile app.
1. Consciousness
2. One-to-one marketing
3. Fast payment
4. Fits the need
How much does it cost to create a mobile e-commerce app?
The development cost of an e-commerce project consists of several components. To estimate the approximate cost of your future solution, you should consider all of them.
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- Development costs
- Salary for developers, project managers, designers, QA engineers
- Infrastructure
- Web services
- Social Media Integration
- Additional costs
- Support
- Marketing
- Advertising
- Updates
The cost also depends on the development platform:
iOS app development can be built faster, so they are cheaper compared to Android app development.
Android apps are expensive and take longer to build
The complexity of the project should also be taken into consideration. Roughly speaking, development costs can range from $ 1,0000 for a regular iOS app to $ 150,000 for complex apps.
Fugenx Technologies were fully committed to delivering high-functioning mobile applications and one of the leading Mobile app development company in India. Fugenx Plan, Design & Develop Mobile Apps implementing platform functionalities to build high-quality custom apps and also accepts unique challenges to provide solutions to AI Application, ML, Chatbot, Web Applications and Game Applications.
