4 Strategies to Unlock Value From Your Mobile Customer Data
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The document outlines four strategies for leveraging first-party data to enhance mobile marketing, emphasizing its unique value compared to third-party data. It advocates for targeting efforts based on existing customer behaviors, segmenting users by engagement stages, and optimizing campaigns to drive conversions. By focusing on first-party insights and specific user segments, marketers can improve sales outcomes and cultivate loyal customers.
4 Strategies to Unlock Value From Your Mobile Customer Data
- 1. Thanks to for publishing this content first. Four Strategies To Unlock Value From Your Mobile User And Customer Data By Jim Nichols VP-Marketing, Apsalar
- 2. Focus on first-party data first. First-party data is information collected by you about your site visitors and app users. These user signals reveal insights about specific brand relationships. Third-party data is information you buy. It’s rarely about your brand specifically; rather it tends to be more general. First-party data is harder to collect than just writing a check. But it’s free, and if you employ good data security practices, only you get to unlock those insights. Free, unique and highly-relevant data is a hard combination to beat. It’s easy to see why first-party is best. Imagine you are the marketing lead for a French champagne that costs $125. You could buy access to a third-party, data-based audience of “champagne buyers.” This could be rich people or people who entertain a lot. Or, you could analyze your buyers and learn what makes them passionate about your brand. Which approach do you think would yield better sales results? 1 2 Model your prospecting efforts on your best customers. Any business has a mix of site/app users and customers. At one end of the spectrum are those who visit your site or down- load your app, have a look around and leave. At the other end are your best customers, the people who buy again and again. Which user type would you want to persuade? I worked with a travel brand that changed its audience targeting specs from a broad target modeled on a general audience – all the people who visited their site – to one that focused on people who purchased five or more hotel stays per year. The brand de- livered a set of “heavy buyer” device advertising IDs to its media partners and asked them to find and target people who behaved like its heaviest buyers. While this tighter targeting spec meant higher media costs, revenue grew significantly because the campaign connected with more qualified customers. 2Copyright © 2017 All rights reserved worldwide. | www.apsalar.com Introduction Many mobile-minded marketers are now looking to their customer data as a tool to drive extraordinary business growth. I started out on the PC side of digital, where marketers have long used their customer data to sharpen marketing targets and deliver custom marketing efforts that highlight what consumers will want next. Across many industries, I’ve leveraged granular user insights and have seen firsthand how data-driven marketing can accelerate brand growth. When I transitioned to mobile and cross-device, I was shocked by how few mobile marketers leveraged user-level data. Historically, data is harder to collect on mobile screens. Tracking cookies, the workhorses of the PC web, are very problematic on mobile, especially with Apple devices and apps. But the data problems have diminished. If you are looking for ways to unlock value from your mobile data, consider starting with these four tips:
- 3. Proactively drive users to take the next step in the buying process Focus your attention on converting more of your new installers and visitors into first-time purchasers. Most brands have a massive drop off between the number of people who visit their sites or download their apps, and those who visit and buy. Segment your users into different stages of the buying funnel, and devise specific marketing efforts for each group. Then, define an audience of people who have only launched the app once and give them reasons to come back. Target them specifically with an announcement that you are now showing a new fall collection, for example, or give them 20% off if they buy today. In my experience, I’ve seen new user programs more than double the percentage of new users who make a purchase. Other groups also warrant outreach: Use retargeting ads to get cart abandoners to return and buy. Retargeting ads show you the last item you considered, and often provide extra incentives. They can double, triple and even quadruple purchase rates. These are just two examples. Analyze where you lose groups of people in your conversion funnel and develop targeted campaigns to inspire them. 3Copyright © 2017 All rights reserved worldwide. | www.apsalar.com Love your golden geese. Driving incremental purchases from regular buyers costs a tiny fraction of what it takes to persuade first-time buyers. Segment your best buyers and invest in emails, push messages and ads that reflect their interests. 3 4 For example I often buy clothing from an app that completely gets my fashion preferences. It uses my past purchases and buying patterns to anticipate what will interest me, and times messages to my “moments of weakness.” It knows when I need – and don’t need – discounts. Every season, it barrages me with microtargeted ads. I click and grow its business, all while enriching my data file.
- 4. Conclusion PC web marketers have done all of this for years. Mobile marketers can now replicate these approaches using their first-party data. As more brands look to mobile for growth, marketing with first-party insights can mean the difference between making your number and missing by a mile. About Apsalar Apsalar Mobile Marketing Cloud helps app marketers solve their biggest challenge: attracting and developing profitable, loyal users. Rely on Apsalar to optimize installs, analyze the business, build high-performing audiences, and distribute audiences to partners for customized marketing efforts like engaging new users, winning back uninstallers, and closing cart abandoners. FOR MORE INFORMATION, VISIT https://apsalar.com or email info@Apsalar.com. In the US you can also call 877-590-1854 Copyright 2017, Apsalar, Inc. All rights reserved. Apsalar and the Apsalar logo are trademarks of Apsalar, Inc. All other brand names and logos referenced herein are property of their respective owners.