Jul 05, 2024 By Merat Joybari 6 min
TL;DR: From developing your app idea to marketing it effectively, there are many steps to get right in order for your app to 'succeed.' If your app is losing revenue, you might be stuck in one of several traps silently eating into your profits. Thankfully, these issues can often be fixed. Here, we outline seven hidden pitfalls that might be sabotaging your app’s growth, and provide actionable solutions to get your revenue trending upward.
Is your e-commerce app suddenly losing momentum and money, and putting a strain on your business? It makes sense: Seeing your hard-earned revenue wane can be concerning, especially when you've invested so much valuable time, development, cost, and effort into bringing your app to life — and to the Apple and Google Play stores.
Thankfully, the issues behind your app are likely solvable. Below, we’ll outline 7 potential and common problems behind struggling apps, and practical tips to help you pinpoint and fix them — in an effort to ensure your app's profitability and long-term success.
To save some scrolling time, here’s a snapshot of what we cover:
Is your e-commerce app hampered by some or all of these issues? Read on to learn how to stop the financial bleed and get your app revenue back on track.
Creating a profitable app starts with a solid business idea. Many e-commerce entrepreneurs jump into development without fully developing their concept first.
If you don't think through key aspects of your app business like who your target audience is, what makes your app unique, or how you'll stand out from competitors, you risk wasting time and money on something that might not attract customers.
To avoid this, take the time to research your market, competitive landscape, and target audience thoroughly. Understand your potential customers' preferences and pain points, and study your competition. This groundwork will help ensure your app has a strong foundation and meets your audience's needs.
If you think you haven’t put enough thought into your idea, it’s not too late. The following strategies can still help solidify your app concept:
Well-built webview and hybrid (webview+native) mobile apps often look and feel almost identical to fully native apps from a user's perspective. However, the speed of websites powering these apps directly impacts the user experience and, with that, business metrics such as conversion rates and revenue.
Complex website features like animations, high-resolution images, or real-time data processing can cause delays loading important content and may make the app feel sluggish and unresponsive. Another related of concern: App crashes. This creates a poor app experience which affects user engagement, e-commerce conversion rate, and revenue.
So, whether you’re building a native or a webview app, focus on optimizing speed and performance by employing the latest and stable coding techniques, reducing or optimizing resource-heavy features and images, and prioritizing functionality over aesthetics.
You can use these tips to overcome technical challenges that are hurting your app users’ experience:
Median understands the value of optimizing site speed before converting your website into a full-feature app. That’s why Median.co partners with SpeedSense, a global leader in web performance, boosting sales and delivering the fastest experience in your industry.
(Tap into SpeedSense’s expert advice by requesting a free site speed assessment of your site to see if you are ready to build your webview app.)
It's easy to focus only on the initial costs of developing an app without considering ongoing expenses. But maintenance costs, such as updates, security patches, and server upkeep, can add up over time and eat into your profits.
If you don't plan for these costs from the start, you could end up with unexpected expenses that strain your budget.
To prevent this, analyze historical cost data to estimate your expenses accurately and set aside a contingency budget for unforeseen costs. This approach helps ensure your app remains high-quality and profitable in the long run.
You can use these tips to anticipate and manage ongoing costs more effectively:
Get hands-on with Median’s comprehensive documentation, and build your app with ease.
To succeed, your app must focus on what your customers want and need. Sometimes businesses design apps based on their own ideas without considering the user's perspective.
This can lead to an app that's packed with features users don't care about while missing the ones they value. If your app isn't resonating with users, it could be because you're not really prioritizing their needs.
Work closely with potential users from the beginning to understand what they want. Validate your ideas with real users to make sure each feature adds real value. Keeping in touch with users throughout the development process ensures your app stays aligned with their expectations and your business goals.
Here are a few things you can do to go beyond guesswork and identify your target market's needs:
Making your mobile app accessible isn't just about checking a compliance box; it's about ensuring everyone, including people with disabilities, can use it. The Web Content Accessibility Guidelines (WCAG) provide clear criteria to make mobile apps accessible by focusing on making digital content perceivable, usable, understandable, and stable.
To design an accessible app, consider features for users with visual, auditory, motor, and cognitive challenges. Pay attention to fonts, colors, interactive elements, and navigation. For example, use readable text, high color contrast, and appropriately sized controls.
Here’s a six-step checklist to ensure your app caters to all users – including users with disabilities:
Read our practical guide to mobile app accessibility standards to learn more about making your app design more accessible and inclusive.
Efficient project management is crucial for developing a successful app. If you fail to set realistic goals or prioritize features correctly, your team may become overwhelmed, leading to missed deadlines and poorly developed codework. This inevitably affects your app's quality, the users’ experience, and, in turn, your revenue.
Avoid spending too much time on overly complex features that add little value. For example, a sophisticated recommendation engine might enhance user experience in an ideal scenario. However, in reality, it could be too costly and complex to implement in your project.
Set clear, achievable goals and prioritize features based on their value to users and their complexity to ensure your app development project stays on track and within budget.
The following tips can help you manage your app project more efficiently:
Check out our quintessential guide to app development costs for best practices and checklists that help plan your project’s timelines, resources, and expenses.
Launch a full-feature native app without native development!
Without a clear marketing and monetization strategy, your app may struggle to attract or retain users and generate revenue. If you’re optimized in other departments, your marketing and monetization model might be why your revenue is dwindling.
To address this, create a well-defined plan that highlights your app's unique value and differentiates it from competitors.
Also, if you’ve been focused on a single revenue channel, try diversifying your monetization model with options that better fit your target audience’s preferences. Research your market and use data to understand your users' preferences to select the right approach. You might find that, for example, too many ads or high subscription fees are turning your users away.
Consider offering value-added services, tiered pricing models, or in-app purchases to maximize revenue. Regularly review and adjust your strategies based on user feedback and market trends to keep your users engaged and your app profitable.
Here are a few ways to enhance your marketing and monetization strategies:
As you can see, developing a successful e-commerce app takes careful thought, planning, budgeting, and optimization.
It requires careful consideration of various factors at each stage, from developing your app concept to effective marketing and monetization strategies.
If you’re seeking cost-efficient ways to launch your e-commerce app, Median + SpeedSense can help you build and launch your hybrid app within days, and optimize its web-based performance to drive revenue growth.
Check out our partners at SpeedSense for website optimization solutions that make building powerful e-commerce apps a breeze.
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