Just when we thought everyone was bored to death discussing Myntra's app-only strategy the online fashion retailer closed its doors on web users, making its wares available only through its
Myntra app only for hookups app since May 15a new round of debate kicked off recently.
The trigger was a piece written by Alok Kejriwal in The Economic Timeswhich suggested that one of the real reasons Myntra shut down its website was to reduce sales in order limit its losses.
That one decision around one sales channel of one e-commerce firm should give rise to so much discussion - often by people who have never even bought anything from - says something about the broadening reach of online retail.
And thus most discussions around how it will impact users. Will users be better served with just an app, or an app and a website? The answer seems blindingly obvious. Having a choice is always better. So, why did Myntra do what it did? The first six slides look at some of the popular arguments Myntra app only for hookups their weaknesses, and the Myntra app only for hookups ones present a few more reasons to consider.
Let us know why, or why not. Customers are moving to the mobile phone. Smartphone Myntra app only for hookups are zooming. Myntra says 90 percent of its traffic and 70 percent of sales already happen via the mobile.
Customers buying through a mobile also tend to stay longer, come back more often and are better engaged. By all counts, the mobile
Myntra app only for hookups to be increasingly the preferred way to buy things online.
Yet, that doesn't explain why it had to close its web channel. People still use computers. What we are headed to is probably not a Myntra app only for hookups world, but a multi-screen world. Shortly before Myntra announced its app-only move, Flipkart signed up for Airtel Zero. The tie-up would have let its customers use its app, without having to pay Airtel for the data. Flipkart, after days of vigorously defending its move, opted out when it saw the public mood turn against the so-called violations of net neutrality.
Yet, the episode led to the theory that Flipkart was trying to use a combination of the app and Airtel Zero and perhaps similar tie-ups with other telcos eventually to score a point over its competitors: The theory has some validity given that users tend to worry about data charges.
Yet, it couldn't have been the main reason, since Flipkart anyway opted out of Airtel Zero. Besides, it still doesn't explain why the website and app shouldn't co-exist. It's easy to compare prices on the web. On the app, customers tend not to.
It's not that they can't, but it is less convenient to compare prices. Behavioural economics suggests that small triggers significantly change customer decisions. It's reasonable to assume that a significant number of customers, while using the app, will likely not compare prices, and buy at a cost Myntra dictates. This will take some pricing pressure away.
It's to work in the long term. The app makes comparing prices less convenient, but doesn't hide the price information forever. Taking liberty with prices could Myntra app only for hookups. Amazon once tried charging higher for Mac users on the assumption that they Myntra app only for hookups pay more, and it turned out to be a PR disaster.
Since a mobile device follows users everywhere, it's good to encourage using the app to capture the impulse buys. For example, you see someone wearing a great dress at a party, and place an order then and there. That explains why it's to have an app, but it doesn't explain why there should be only app. Impulse purchases happen on the web too.
Why force a customer to switch screen and waste an opportunity? This is the official line by Myntra--that it can use the app to provide a superior, personalized experience to its customers. Myntra aims to do that. While it's true that the web cannot match the mobile experience, it's not as if users expect both to be exactly the same.
Google Maps on the mobile phone has more features than its web app, and yet, both have a place. Again, this doesn't explain why app alone is superior to web and app. Since fashion retailers and presumably Myntra app only for hookups too lose on each sale, restricting the access to just mobile phones will reduce sales and, therefore, losses.
This was one of the three points made by Alok Kejriwal in his ET piece. This line of argument appeals straightaway to those who are pessimistic about e-commerce, and believe that it's a Myntra app only for hookups sustained only by VC funding. This argument assumes a sharp fall in users, not just immediately but also in the future. Which might not be true. Besides, the goal is to
Myntra app only for hookups the number of users and loss, there is an easier way to do it.
The last argument might not be entirely right, but it shifts the focus from users' perspective to business needs. From users' perspective, the choice is essentially between these two:
Myntra app only for hookups, from Flipkart's perspective the question changes significantly.
What is the net benefit for Flipkart and not just Myntra of having Myntra app only for hookups
Myntra app only for hookups app, versus having an app and Myntra app only for hookups website over the long term? The key to Myntra app only for hookups this question is to first stop seeing the mobile phone and web as merely two different channels, but as two different businesses.
Today, it might be tempting to think of mobile phones as just another channel. Some years ago, Borders or Barnes and Noble probably thought about retail stores and the web just the same way.
However, e-commerce turned out to be a whole new segment altogether.
Myntra app only for hookups if mobile is not just another channel to make your sale, but something that will completely disrupt the market?
If that is the case, you wouldn't burden the people who are working on the mobile phone app with managing the website too. You will not let anything take their focus away from the mobile phone. Flipkart did just that. Its biggest cost Myntra app only for hookups not losing a few customers, but missing out an entire line of business.
To get a sense of disruptions possible in e-commerce, consider three examples. They are not from the future. We know Uber as an embattled cab hailing service. In the US, it's disrupting food
Myntra app only for hookups. Yes, you read it right.
About Myntra app only for hookups time a restaurant takes to serve food at the table. How does Uber manage?
The way it managed to send cabs by connecting the Uber app in your mobile phone to the app in the nearest Uber cab. In this case, Uber drivers go around with prepared food in temperature-controlled packages,
Myntra app only for hookups the same way they go around looking for customers. When a hungry user orders the item, the nearest UberEats driver gets alerted and reaches your place in minutes.
It's a whole new way of looking Myntra app only for hookups food delivery. And the holy grail of e-commerce is, of course, delivery. It works like this. One of the promises of drones is that they will deliver not just to your home, but any place you happen to be, or any place your mobile device happens to be. In all likelihood, the first virtual reality VR experience for most of us will be through our phone, and a folded cardboard.
Simple to make and easy to use, it turns your android phone into a VR device. This year, it improved its Cardboard to include more Myntra app only for hookups sizes and iPhones too, and also made it easier for people to take VR videos and post it
Myntra app only for hookups Google. Last year, IBM bought Fluid, an e-commerce technology company that integrated Watson, the tech giant's artificially intelligent computer system that famously won in the quiz show Jeopardy, answering questions posed in natural language.
Using Watson, Fluid created a virtual shopping assistant for e-commerce firms. Unlike the present breed of recommendations, based on browsing or shopping history, this virtual assistant will understand user needs provide advice, much like an expert salesperson would.
What's even more interesting about virtual shopping assistants is an IBM research prediction that in five years, local stores will beat online by offering an immersive, mixed real and virtual experience
Myntra app only for hookups far superior to buying online. And a key for this to Myntra app only for hookups is a mobile phone and an intelligent personal assistant in it. The mobile phone is not just a channel, it can be your advisor, irrespective of where you shop, and even when you shop offline.
For Flipkart, the biggest cost of making Myntra go mobile-only is losing users who want more choice. This problem can
Myntra app only for hookups fixed to some extent by moving some of these users to Flipkart's own website.
Or, in the worst case if there is an exodus that threatens the very existence of Myntra, it can restart the website fast. Even today, it's not as if there is a consensus even within Myntra about its mobile-only strategy. Myntra went ahead in part because it knew starting a
Myntra app only for hookups channel, even from ground up, is no big deal these days.
As an organization, Flipkart faces a bigger threat--not from Amazon or Snapdeal--but from a small, nifty startup, using a new technology, first nibbling some of its business away and eventually having it for dinner. That technology could well be on the mobile phone, given how important it is becoming to most users. Myntra wants to beat them--the new kids on the block hatching a mobile plan in university dorms.
The biggest cost of doing both web and mobile would be to get distracted, lose focus on mobile, and be less obsessed about exploring mobile's limitless possibilities. The biggest cost is opportunity cost. And like all high-growth and insecure companies, it's really worried about the opportunity costs.
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