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Tag: smartphone shopping

Mobile commerce back to school shopping happens at home

The results of a new survey have just been released and have shown that people don’t necessarily go out to buy.

PriceGrabber has just released the results of a mobile commerce survey that they conducted on the topic of back to school and which has provided some insight into consumer behaviors for making that type of purchase.

The research examined everything from where parents look for deals and what experience they enjoy most.

For example, the Pricegrabber survey indicated that mobile commerce is playing a very important role in back to school shopping this year. Sixty seven percent of the shoppers who took part in the survey indicated that they checked prices online before heading out to buy. Moreover, another 47 percent receive discount coupons over their smartphones via text message. Another 47 percent read emails containing discount offers while they are in-store.

Forty two percent of the survey participants use mobile commerce to make a purchase.

Mobile Commerce - Back to school shoppingAs fascinating and helpful as that mobile commerce data may be, there was one element of the survey that drew a larger amount of attention. There were 1,937 American shoppers who took part in this research by giving their opinions and sharing details regarding their shopping behaviors. What was interesting is that many of the smartphones and tablets were used from home either to make the purchase, or to research before heading out in the first place.

There is a large concern being expressed by owners of brick and mortar stores. This was that 46 percent of consumers with smartphones will use those shops as a “showroom”, so that they can see the product in real life, but then use mobile commerce to try to find a better price for the same product, somewhere else. This means that while they may window shop in store, they are actually buying while they’re online.

That said, the survey has indicated that those stores don’t need to worry about this threat from mobile commerce, as only 17 percent are actually using the devices while in store. This means that only a fraction of them are actually practicing showrooming and, among them, there is likely only to be an insignificant few who will find the product with a price and shipping total that will be low enough to make it worthwhile to wait to have it delivered instead of picking it up while they’re already there.

Mobile commerce accounts for 17.4 percent of online shopping revenues

The contribution of personalization has made a considerable difference in the channel’s popularity.

According to a whitepaper that was recently released by Medio, this year, mobile commerce is contributing 17.4 percent to the total online shopping revenues, and that is only expected to rise.

The report went on to predict that the channel will represent 25 percent of online revenues by 2017.

Medio pointed out that retailers are finding mobile commerce to be appealing in a number of ways, and these are helping to make it more effective so that they can generate more revenues by way of smartphone and tablet shoppers. It stated that the channel gives companies the chance to collect a considerable amount of useful data from consumers. Though the majority have yet to figure out how to use this information to its greatest potential, there remains a significant amount of value that can be pulled from big data.

The mobile commerce whitepaper showed that real-time tools and predictive analytics assist in personalization.

Mobile Commerce RevenueIt showed that the information gleaned through mobile commerce can, in turn, be applied to personalizing the experience offered by the retailer to encourage the consumer to shop for the first time, and to return once more when similar products are needed.

In terms of personalization and its importance, the whitepaper stated that “A search for a product might begin on a smartphone, while order fulfillment is finalized on a PC or tablet. Being able to identify the same user across devices is necessary to create a personalized relationship; the foundation of sophisticated and intelligent user segmentation starts with being able to deduce when two users are in fact the same person.”

Mobile commerce does not typically allow for the use of cookies. Therefore, to compensate for that, it is important for companies to use advanced customer segmentation, said the whitepaper. This requires the use of matching algorithms with greater sophistication. This practice uses a form of predictive analytics, which can assist in targeting users more effectively, at the times that they are most likely to be interested and receptive to product information, discount opportunities, and calls to action.