Mobile app is one of the key pillars of any marketing strategy executed by any business. Mobile-first world is the new approach businesses are heading with mobile apps adding more value to their ventures. Personalized experience is one of the key drivers that encourage business to opt for mobile app development. However, it is crucial to identify the platforms on which you wish to build the app on.
However, there are specific KPIs (key performance indicators) which should be considered in the mobile app development process according to the objective of the business. Keeping track on KPIs makes it easy for the companies to analyze the performance.
Let’s take you through some of the common of KPIs in through which progress can be evaluated in apps.
KPIs To Consider In Native Mobile App Development
KPIs that must be taken into account when developing mobile applications;
• Average order value (AOV) – AOV is the average of each dollar earned. It is evaluated by splitting total revenue by the total number of customer orders.
• Average revenue per user (ARPU) – ARPU is the average revenue you can expect from each customer. It is calculated by dividing the total income by the number of users.
• Lifetime value (LTV) – LTV is the average income generated by a customer. It is calculated by dividing your average monthly income by the speed with which you lose customers.
Although websites have been around for years, small and medium-sized businesses (SMEs) must recognize the importance of a mobile app to stay relevant and survive the competition. To continually improve the KPIs listed above, you must focus on creating personalized or compelling experiences using mobile apps.
These experiences can only be unlocked through the development of native mobile apps. The theoretical part may give you hope of successfully starting your app, but a lot of attention should be paid to the success of your app after launch. In this blog post, I want to share some facts and tips about native mobile apps that will help you through the process.
Objectives Behind The Mobile App Development Must Be Clear
If you choose a custom mobile app, you should understand what you can attained by developing one. Also, to improve the KPIs listed earlier, you need to know where a mobile app fits in the overall scenario to expand your business.
Some researched examples explain how different companies can achieve different goals with a custom native mobile app development;
Product: a personalized mobile app can benefit your product, adding comfort and convenience. A mobile app for your product also improves the user experience.
E-commerce: With a mobile e-commerce app for buyers, you can focus on a new segment of customers who prefer to buy only on their smartphones.
Community: Many players understand the value of building a community. After studying some case studies, it can be said that mobile apps provide the perfect mechanism to build a dedicated community to support your overall business strategy.
Further moving ahead,
Create your mobile app with a content-oriented approach
From simple error messages to marketing sources, the content on your mobile app must have an impact on people. You must understand the context behind each option in your mobile app’s user interface (UI). When the design and development phase is complete, the content must be perfectly synchronized with the funnel without being overbearing. Other content must be considered well in advance before a mobile application is developed.
Some of the key aspects of content are;
• You must set the tone of your brand, and it must be reflected on different platforms.
• If the characters are already defined, the content can be created for different types of target groups, such as general, informed, and expert.
• The content of your mobile application must have a resolution.
So here is point;
App development shouldn’t be just limited to the thought of offering products to clients through an app. It should be result of an end-to-end planning and execution of business strategies which includes separate phases such as development, marketing, and operation, and others.
However, it is important to plan your native app development to make it work for your objectives. Do consider above tips before getting into native mobile app development that suits best for your business requirement.
Looking to build a native app, Panacea Infotech, a leading mobile app development company in US can assist you in your ventures through robust mobile app development and services.
Get acquainted to know more.