Moving further into the digital age means that we rely more and more on our phones to go about our daily lives. We rely on apps and services that have adapted to the mobile space to navigate the nuances of the modern world. Because of this, it comes as no surprise that more small business and start-up owners are looking for app development partners. Research shows that startups with mobile apps are valued at a staggering 825% higher than those without them, making the startup landscape even more competitive.
The Power of Mobile Apps
Globally,137,000 startups are launched per day, specifically as a result of venture capital funding in industries like health tech, transportation, food, media, and wellness. In all industries, not just leaders, mobile apps can be a key differentiator for small businesses looking to survive the crucial first five years. First, apps ensure a better user experience with the product or service, increasing accessibility and ease of use. There is also an evident increase in ROI and the opportunity for cost effective growth. In fact, research supports that nearly 75% of organizations see positive ROI from their mobile apps. Having a mobile component to a small business can also validate the new idea with potential investors. This channel will show potential partners that the idea is scalable, is a fit for the market, piques consumer interest, fosters long-term success and has projected profitability. Finally, especially in the growing wake of the rise of in app-purchases, mobile components can be an additional source of revenue for many small businesses.
Conclusion
Fortunately, there are several mobile development partners available that are making it easy for startups and scale-ups to develop a mobile component to their business. Startups that have already made this next step are seeing millions of downloads and active users, expanding to other platforms and even being acquired by much larger corporations. That success can become a reality for many budding small businesses who choose to take their ideas to new heights with mobile apps.
Source: Tapptitude
