If you haven’t noticed, the Internet is starting to creep its way into every single aspect of our lives. That’s the basic idea behind the Internet of Things. In the future, everything will be connected to the Internet from your home to your car to the shirt on your back. This also means that there will be lots of money to be made from e-commerce. It just so happens that e-commerce is the best way for app developers to make money. Here’s why you should be taking advantage of the Internet of Things to start making money with your app now!
E-commerce from mobile devices is set to hit $8 billion by the year 2018. That’s a big pie and you definitely want a slice. By 2020 the Internet of Things (IoT) is projected to rake in $1.7 trillion due to the fact that there will be roughly 5 Internet-connected things for every one smartphone. Currently, mobile developers using an e-commerce revenue model are averaging $1,000 to $2,000 per month as opposed to the meager $200 to $350 median monthly revenue across all other revenue models. Yet only 9 percent of mobile developers have chosen an e-commerce revenue model. Expect more developers to start hopping aboard this model as scaling up becomes easier and more manageable with emerging technologies.
How exactly is the IoT changing e-commerce now? The biggest indicator of the changes are buyable buttons and instant-replenishments. For example, Amazon Dash is a system that allows a person to purchase and have a product shipped directly to them by simply touching a button associated with the company. Need a new bottle of laundry detergent? Simply press the Tide laundry button and it will instantly be shipped by Amazon to your door. Did your printer run out of ink? The printer will send out an alert and have more ink delivered right away. These are the types of straightforward connected services that the IoT will specialize in. Your app can take advantage of this by becoming the button a user touches to instantly receive a product or service. That’s where the real value is.
The Internet of Things is changing e-commerce, but the two are evolving together. Learn how to tap into this futuristic e-commerce model if you want to start cashing in right away!
Read the full article here: The Internet Of Things Is About To Reshape E-Commerce