3 Things You Should Know About Small Business: January 10
NEW YORK (TheStreet) -- What's happening in small business today?
1. Do consumers actually shop with their smartphones? Um, yes -- $25 billion was spent via phones and tablets last year, up 81% from the year before, according to a survey cited in the New York Times' Bits blog.
True, that's just 11% of total e-commerce sales, but it's a growing percentage. Mobile commerce is expected to reach 15% of total e-commerce sales this year, and eMarketer, the company that conducted the survey, "predicts that by 2016, mobile will be $87 billion, or a quarter of all e-commerce," the article says.
Mobile shoppers are also spending a surprising amount, eMarketer says -- purchases average $329 per order on tablets and $250 when on phones.
This is significant given the process' many challenges, including small screens that complicate viewing and typing.
"Many mobile storefronts have problems that make buying difficult," says Clark Fredricksen, vice president of communications at eMarketer. "Even though sessions often start on smartphones, in the end consumers end up turning to computers or retail stores or even a tablet to seal the deal."
2. A Texas start-up is taking on big players in the lighting industry. iLumi Solutions has created an energy-efficient light bulb that provides not only white light, but hues of multiple colors -- all controlled wirelessly through a smartphone. The Plano, Texas, start-up is taking on the competitive lighting market dominated by such large players as General Electric (GE) , Philips (PHG) and Samsung, according to The Dallas Morning News.
"Our focus is on making a simple, easy-to-use and engaging product that is going to give people an amazing experience with their lighting," iLumi chief executive and co-founder Corey Egan tells the paper.
Even more interesting, the company is selling its iLumi light bulbs via a crowdfunding Web portal, Indiegogo, hoping to raise $1 million in seed money