Smartphone apps are essential to our daily lives. They serve a variety of purposes, including helping us do our monthly grocery shopping, ordering weekend pizza, watching TV shows and movies, and even scheduling and making medical appointments. It's hard to imagine a reality without the benefits and conveniences apps provide.
Currently, there are 5.7 million apps operating worldwide; 3.5 million of which are operating on the Play Store (Google's platform), and 2.2 million developed for iOS, Apple's operating system. In the vast world of apps, the competition for success in increasing users and app revenue is fierce; it is in this scenario that App Growth becomes necessary.
"App growth can be defined as a multifaceted strategy whose main objective is to increase an app's active users over time and sustainably, and consequently, boost revenue," comments Rafaela Saad, Sales Manager at Appreach.
How to prepare a solid App Growth strategy?
With the vast number of apps, the App Growth area has become even more strategic. It's crucial to differentiate yourself and consistently capture user attention. It's essential to acquire new users and engage your existing base to keep them coming back to your app and maximize your revenue.
An app growth strategy can be defined as a growth and marketing plan for your app. It will establish ways to increase your app's visibility, downloads, engagement, and sales. To achieve this, you need a very clear objective and KPIs (Key Performance Indicators) that contribute to achieving this goal.
"There are several complementary App Growth strategies, which can be organic or paid. Among these strategies, we can mention campaigns with influencers or affiliates, new user acquisition campaigns, and retargeting campaigns for re-engagement. It's worth noting that these strategies complement each other because each type can target a different part of the sales funnel," he comments.
The Importance of Data Analysis in App Growth
We live in an era of increasingly accessible data for business decision-making. However, it's important to be mindful of how you use this information when executing an app growth strategy.
Analyzing internal data such as fraud rate, average ticket, ROAS, LTV, and performance per creative is extremely important for assessing the quality of app growth campaigns, while market and competitor benchmarking data (downloads, active users, paid campaigns, creatives, retention) helps understand market positioning and set realistic goals.
Creative ads make a difference
Ads are a crucial part of an App Growth strategy; they're the user's gateway to the brand and product. It's when they're exposed to the ad that the user decides whether or not to download the app.
"Developing a creative and well-developed brand line not only captures attention but also clearly and concisely communicates the app's benefits and unique features. This helps differentiate the product from the competition, ensures users quickly understand the value offered, and provides harmony to the brand's positioning," he says.
Cost-effectiveness should also be considered. Creative and well-executed ads improve conversion rates, resulting in a lower CAC. When users feel compelled by the ad, they're more likely to download and use the app, maximizing your return on investment.
Appreach Development in the App Growth Scenario
"Appreach has a multifaceted approach to app growth strategies. First, we understand that app growth depends on several factors, which can be directly or indirectly linked to growth strategies. Our work begins long before campaign activation. We first need to understand the client's business, their pain points, and objectives, and set realistic goals for both parties. We also understand each client's best workflow to deliver a smooth and seamless experience," he states.
The company's Data and BI team focuses on monitoring and analyzing the performance of advertising campaigns on a daily basis. The goal is to generate valuable insights and provide continuous feedback, enabling the identification of areas for optimization in marketing strategies. To support performance analysis and ensure transparency, reports and dashboards are made available as needed.
"In addition to the KPIs and channels directly related to campaigns, performance is influenced by several other factors. With this in mind, the Data and BI team also uses Market Intelligence and Benchmarking platforms to conduct comparative analyses with competitors. These analyses cover aspects such as creative performance, number of downloads, active users, retention rate, and investment in paid acquisition campaigns," he concludes.