Prioritize metrics important to your business goals, e.g. increase payer conversion rate, increase retention, increase participation in event, etc. Identify actions that signal if users have higher propensity to hit these metrics, e.g. if a free trial user completes three workouts in the first 10 days, there is a 60% chance user will convert to a paid user. To help you get started, we recommend testing campaigns across the following three segments:
Select a cost per action (CPA) that is less than the lifetime value (LTV) of the customer segment, e.g. if a lapsed payer is worth $200 then set a CPA at $50.
Customers convert better when a complete reward versus a discount is given, e.g. customers prefer receiving a free $20 shirt versus $20 off a shirt that is valued $40.
Offer complete rewards
We have found that users convert better when a complete reward versus a discount is given. For example, users would prefer receiving a free $25 Fire TV stick versus $25 off an Echo Dot that is valued $50. To accommodate this higher priced CPA and reward, we recommend setting an action that is more difficult to complete.
Evergreen campaigns are “set it and forget it” marketing strategies to help scale your business. Identify pinch points in your app that drive the most revenue and enhance the experience with a Moment and reward. If you have a gaming app and Level 30 is a difficult level, you can reward your user a $5 physical or digital item for purchasing a $10 IAP that will help your user pass the level. If you have a subscription entertainment app and your subscribers tend to churn after month 4, you can reward your user at the end of month 4 to extend their subscription. Another strategy is to identify app events indicative of a lifelong user.
Event campaigns are used to enhance your recurring in-app promotional events. If you have a gaming app and host monthly tournaments, you can use Moments to enhance the prize offerings and increase player progression in the tournament. Entertainment apps can promote season premieres by rewarding users for re-watching the previous season. Fitness apps can boost user engagement with seasonal events like New Year’s resolutions and pre-summer workouts. Extend your A/B testing to event campaigns – successful campaigns can be upgraded to evergreen campaigns and continuously drive desired metrics.