Insights on how to build a successful app
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The document discusses the rapid growth of the mobile commerce market and the importance of building a successful mobile app. It emphasizes a lean development approach, focusing on problem/solution fit, product/market fit, and scaling, while highlighting the need for a skilled team and cloud services. Key metrics like user acquisition, retention, and continuous improvement through experimentation are also outlined as essential for app success.
Insights on how to build a successful app
- 1. Sydney Mobile Commerce Tech Insights on building a successful App
- 2. Hello! I’m Alex Boudreau Let’s talk about Mobile Commerce and Tech! @alexboudreau #sydmct
- 4. 1.4 million 1,000 Number of apps in App Store As of Jan. 2015 Daily number of new apps added to the App Store
- 7. $10 billion 2014 developer revenue
- 9. Mobile Commerce Market ▧ Mobile Commerce is growing like a weed ▧ 34% of global eCommerce ▧ will be 40%of all e-commerce by end of year
- 10. Mobile Commerce Market ▧ $300 Billion global value in 2014 ▧ Projected to reach $850 Billion in 2018
- 11. App Usage ▧ App usage much greater than web ▧ 89% time spent on mobile is in App ▧ 11% on mobile web
- 12. Reasons Users prefer Apps ▧ Quicker to load ▧ Simpler to navigate ▧ Provides more functionality ▧ Provides better user experience!
- 13. 2. Where do I start?
- 14. Lean development/startup ▧ You have an idea? ▧ Don’t start developing your app just yet ▧ Tak a lean product development approach
- 15. Lean development Three key phases: 1. Problem/Solution Fit 2. Product/Market Fit 3. Growth
- 16. 1. Problem / Solution Fit Problem Space Solution Space Hypothesise on problem Interview users to better understand problem Observe and synthesise Define potential solution Interview users to validate solution and learn more Refine and iterate
- 17. 1. Problem / Solution Fit ▧ Outcome = Minimum Viable Business ▧ You’ve defined a viable solution ▧ Better confidence that your idea will work ▧ Proceed to MVP (minimum viable product)
- 18. 2. Product / Market Fit ▧ Develop MVP ▧ MVP only includes features that are ABSOLUTELY necessary ▧ Purpose is to focus on core problem/solution ▧ Roll-out MVP to early adopters (not prime time yet)
- 19. 3. Scale your product ▧ A successful MVP = product/market fit ▧ Now it’s time to scale product ▧ Start focusing on user acquisition ▧ But always continue improving product
- 20. 2. How do I build it?
- 21. Tech Stack Mobile App Cloud Service
- 23. Mobile Platform ▧ Start with one platform ▧ Choose wisely ○ based on customer demographics ▧ Keep in mind ○ growth of mCommerce faster on iPhone ○ android market highly fragmented ○ over 18,000 unique android devices
- 24. App Dev ▧ Go 100% native app development ▧ Android = Java development ▧ iOS = Swift development ▧ Remember: users love apps because they’re responsive, simple to navigate
- 25. App Dev ▧ Quality of developers is critical ▧ Bad code = customer churn ○ slow app ○ high crash rate ▧ Hire or contract carefully ▧ Note: More difficult to find than web developers
- 26. Cloud Service ▧ Most apps consume and generate data ▧ Eg. Instagram ○ Image filters done in App ○ Account info, social networking, image storage > in the Cloud
- 27. Cloud Service ▧ Cloud service powers your app ▧ Datastores / Databases ○ Store customer data ○ Data required for app/service ▧ API ○ Service Layer used to read or store data ○ Adds “intelligence” to your app ○ Eg. Business logic or algorithms
- 28. Cloud Service ▧ Good Apps also require good APIs ▧ In mobile world, cloud services and APIs must be super quick ▧ Build high throughput services
- 29. Cloud Service ▧ Good news: no longer need to invest in hardware and infrastructure ▧ Great platforms available! ▧ Lots of companies offering all kinds of APIs
- 30. Cloud Service
- 31. 3. Increase your chance of success
- 32. Team Structure ▧ A great app requires a great team, not just an app developer ▧ Create a cross-functional Product team ○ Product Owner ○ UI / UX Designer ○ Mobile Marketer ○ App developer ○ API / BE developer ○ Tester
- 33. Continuous Improvement ▧ Your app is live, you have some users, now what? ▧ Measure ▧ Hypothesize ▧ Experiment ▧ Improve
- 34. Measure ▧ Use app analytics tools like Google Analytics ▧ Look at user lifecycle ▧ AARRR Metrics!
- 35. ▧ Acquisition ○ How many users are downloading your app? ▧ Activation ○ Of those, how many have opened/signed up to your app? ▧ Retention ○ Are users coming back, how many, how often? ▧ Revenue ○ How much revenue is each user generating? ▧ Referral ○ Are users spreading the word? Measure: AARRR
- 36. Hypothesise ▧ If users are not coming, why? ▧ Have you done marketing, SEO, SEM, Social…
- 37. Hypothesise ▧ Users download and open the app, but don’ t come back, why? ▧ Is the app not serving the need ▧ Too complicated, app is slow… ?
- 38. Experiment ▧ Once you’ve Hypothesised on problem, next step is to experiment ○ Increase marketing spend to attract users? ○ Or simplify login process? ○ Improve app performance (speed) ▧ Measure your experiment and see if it improves… keep going
- 39. Summary ▧ Follow lean development practice ▧ Make sure you build a stellar cross functional product team ▧ AARRR metrics ▧ Apps are all about great user experience
- 40. Thanks! Now, let’s have a chat!