M-commerce known as Mobile Commerce is the process of carrying all types of transactions that is, buying, selling, and making payments through a handheld device.
As its name suggests it is easy to guess the equipment or the wireless device used for making the transactions. Being the extended version of e-commerce mobile users by enabling access to the internet can purchase and shop anything. It can be done using any of your wireless devices like cell phones and personal digital assistants (PDAs).
With the vast use of mobile phones emerging trend of Wireless Application Protocol (WAP), m-commerce got its biggest hit.
Use of Bluetooth and online accessing to the internet reduced the time taking the process of purchasing.
Doing all the work instantly helps you conduct purchase and sale of a wide range of products including online banking, bill payments and collecting and delivering goods.
The Convenience of Mobile Commerce
With the increased use of mobile devices, many new apps and features got introduced for m-commerce. Like, the use of wallet money or direct linking of bank accounts helped people make the payments without even swiping the cards.
Thus while saving your time from going to the stores it even helped you manage your transactions directly without using your cards physically.
Another great medium that helped customers reach various platforms of m-commerce is social media. Using other applications customers got to know about various other companies and brands. Advertisements that appear in-between applications like Facebook, Instagram, etc helped customers make convenient purchases.
Why M-commerce Is Important?
Mobile commerce delivers electronic commerce services anywhere in the world to the consumer’s hands using wireless technologies. Creating a good user-friendly mobile design interface with an easy and commanding user experience consumers are able to make purchases anywhere in the world. Helping you make easy and safe transactions at any time anywhere in the globe.
Benefits of M-commerce
- Can buy or purchase online tickets for Movies, Aircraft or any Event.
- Mobile Purchase
- Marketing and Advertising
- Mobile Auctions
- The Mobile Entertainment
- Mobile Financial Services
- Location and Search Service
- No need to use big large size computers
- Provides you more convenience, speed, and credibility
- 24 hour you can keep in contact with the world
M-commerce Advantages And Disadvantages
Advantages of M-commerce
Global Customer Base
If an individual has a mobile device and internet connection then they are the potential customer to any platform. Very conveniently as per their needs or requirements they can purchase any goods they want.
Being in one part of the world you can choose, select and purchase any product from any place you want. Not only that you can even pre-order any product or thing for an event in advance. Helping both the buyer and the seller it helps them connect with each other very well.
Easy Inventory Management
You can manage and maintain your inventory levels regardless of how small it is. Saving all the product database you can easily know what product is available or not.
Since today a large part of the individuals uses mobile commerce as a medium for purchase. Business companies too had started using more mobiles than computers to reach a large number of users spreading various offers and discounts.
Instead of physically going to the store’s users can easily select and purchase any product of any brand and place they want. Saving both the time and energy of the user.
Large Order Processing Platform
Rather than checking or buying only from a limited region of the place. Online m-commerce provides you a vast platform to buy and make transactions. Using m-commerce you will be updated with all the information related to your purchase. For example, when will it dispatch, what days it will take, tracking id, etc.
Easy To Use
It is the easiest purchase where without any disturbance you can search all the online sites and choose the best among the one.
More Access To User Data
Once a purchase is been done from a store user’s information gets stored. Which can be used in the future by sending about the deals and offers to the users. By introducing them with the latest collections and offers you can easily attract them with your collection and deals.
Related: M-Commerce Vs E-Commerce
Disadvantages of M-commerce
Along with providing many advantages to m-commerce it also carries some disadvantages with itself. Here’s a list of the few disadvantages of m-commerce.
No matter how useful it is without the use of smartphone user can never access and navigate the data properly.
In order to use m-commerce, a user requires either the connectivity of WiFi or mobile data connections. Without accessing the internet connections user will not be able to receive any data to purchase.
Need Faithful Shipment Company
In the process of buying and selling one thing that links both the buyer and seller is the shipping company. You should tie-up with a good shipping company for delivering your products on time to the users. If they lack to reach the users on time it’s your name who is going to spoil and not the shipment.
To complete your transactions many times you choose the online payment option. Entering all the details of your bank and security codes. Which sometimes can harm you, also syncing of data or connecting to unknown WiFi networks may appear risky by hacking or bypassing your information to others.
This were the M-commerce Advantages And Disadvantages.
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