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Convert, Retain, and Grow Your
Mobile Users
Almitra Karnik
Head of Marketing, CleverTap
FACT: IT’S ALL ABOUT RETENTION
User Retention refers to the ability of a company or product to retain its users over some specified period. High retention means customers of the business tend to
return to, continue to buy or in some other way not defect to another product or business, or to non-use entirely
THE LEAKY BUCKET
PROBLEM IS REAL
Average User Retention
for Mobile Apps
%UsersStillActive
Days Since App Install
Source: Quettra, Andrew Chen
of users are lost
in the first 3 months
90%
THE REWARDS ARE WORTH IT
DIFFERENCE BETWEEN
WINNING & LOSING
67%
more revenue is what you
can expect from a repeat
customer compared to a
new customer
- INC
25x
more expensive to acquire
a new customer instead of
retaining your existing
base
- Harvard Business Review
75%
increase in profits you
can expect by increasing
your customer retention
rate by just 5%
- Bain & Company
Media &
Entertainment
Finance
Messaging &
Communication
Education
Media &
Entertainment
Food & Drink
Travel &
Hospitality
eCommerce
Health &
Fitness
EVERY INDUSTRY IS SHIFTING
91%
Retention Rate
90 million customers
watch 120 million hours
of content everyday
80%
Retention Rate
Available in 65 countries.
Also 89% retention rate
for its driver app
30%
M6 Retention Rate
Retention rate to purchases.
Also 17% YoY growth.
THE BEST CONSUMER COMPANIES
IN THE WORLD ARE FOCUSED
ON USER RETENTION
WHAT DOES IT TAKE?
o Analytics platform
independent from
Marketing Automation
o Different Marketing
Automation tools per
channel
o Independent AB Testing
ELIMINATE
USER DATA
SILOS
1
LEVERAGE
AI-BASED
MARTECH
2
o Use insights based on
reality not just logic
o Run in true real-time to
engage based on context
o Understand WHY, not just
WHAT
o Engage at scale
3
ADOPT AN
EXPERIMENTATION
MINDSET
If you double the number of
experiments you do per year
you are going to double your
effectivity
– Jeff Bezos
CHOOSING YOUR MARTECH PLATFORM
Use behavioral,
psychographic, and RFM
insights to segment and
engage using right message
based on intent, not just logic
AI-Based Analytics,
Segmentation, Engagement
Bring all data together in a
single view to measure and
understand engagement
360o Customer
Data Platform
Connect with your users in
the preferred messaging
channel to maximize
engagement
Omni-Channel
Engagement
USER SEGMENTATION STRATEGIES
RFM Based
o Recency & Frequency of
use
o 10 distinct segments
o Champions/ Loyal users
vs. At Risk or Hibernating
users
o Awareness
o Interest
o Converted
AIC Framework
o Most Likely
o Moderately Likely
o Least Likely
Intent Based
IT’S A NEW WAY OF THINKING
A Unified Solution for User Retention
MOBILE & WEB
ANALYTICS
CRM / CDP
PLATFORM
MARKETING
AUTOMATION
OMNICHANNEL
MARKETING AUTOMATION
REALTIME ANALYTICS
& INSIGHTS
NATIVE UI
EXPERIENCES
AUTOMATED
USER SEGMENTATION
AB TESTING
OLD VS.
PROVEN ACROSS INDUSTRIES
Helping Consumer Brands Retain their Users for Life
FINANCE
FOOD & DRINK
MEDIA & ENTERTAINMENT
TRAVEL & HOSPITALITY
1.5 Billion
Unique Devices Reached
150 Billion
User Data Points per Month
8000
Customers Globally
80 Billion
Messages Sent per Month
TELECOM ECOMMERCE
Improving User Retention
for a Record Breaking
10.3M Concurrent Users
CTRs using data
based insights
from Pivots
3X
Higher Average
Watch Time per
session
12%
• RFM Based Segmentation
• User Retention Cohorts
• Flows
SOLUTIONS
5x More Cross-Sells with
Personalized Omnichannel
Marketing Campaigns
Higher Cross-Sells
5X
Increase in
Monetization
10%
• Journeys
• RFM Segmentation
• Cohort Analysis
SOLUTIONS
Retaining 5x More Customers
with Advanced User Insights
More users retained
with an improved
onboarding flow for
new users
5X
Inactive and churned
users re-engaged with
personalized
campaigns
70%
• User Activation & Retention
• Brand Recall
• Marketing Automation
SOLUTIONS
Rapid Growth & CLTV
Driven by RFM Based
Automated Segmentation
Higher Revenue and
LTV with RFM based
segmentation and
engagement campaigns
7%
Higher Engagement
with Onboarding
Campaigns on
CleverTap journeys
5%
• RFM Based Segmentation
• Personalized at Scale
• Journeys
SOLUTIONS
Maximizing Conversion Rates
with micro Segmentation and
detailed User Insights
Higher conversion rates
with Campaign A/B
testing and system
control testing
4X
Higher Engagement
with Onboarding
Campaigns on
CleverTap journeys
43%
• Real-Time User Insights
• RFM Based Segmentation
• A/B Testing & Control Testing
SOLUTIONS
NEXT STEPS
#startYourStory

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CleverTap at The Marketing and Sales Show Dubai 2019, hosted by Terrapin.

  • 1. Convert, Retain, and Grow Your Mobile Users Almitra Karnik Head of Marketing, CleverTap
  • 2. FACT: IT’S ALL ABOUT RETENTION User Retention refers to the ability of a company or product to retain its users over some specified period. High retention means customers of the business tend to return to, continue to buy or in some other way not defect to another product or business, or to non-use entirely
  • 3. THE LEAKY BUCKET PROBLEM IS REAL Average User Retention for Mobile Apps %UsersStillActive Days Since App Install Source: Quettra, Andrew Chen of users are lost in the first 3 months 90%
  • 4. THE REWARDS ARE WORTH IT
  • 5. DIFFERENCE BETWEEN WINNING & LOSING 67% more revenue is what you can expect from a repeat customer compared to a new customer - INC 25x more expensive to acquire a new customer instead of retaining your existing base - Harvard Business Review 75% increase in profits you can expect by increasing your customer retention rate by just 5% - Bain & Company
  • 6. Media & Entertainment Finance Messaging & Communication Education Media & Entertainment Food & Drink Travel & Hospitality eCommerce Health & Fitness EVERY INDUSTRY IS SHIFTING
  • 7. 91% Retention Rate 90 million customers watch 120 million hours of content everyday 80% Retention Rate Available in 65 countries. Also 89% retention rate for its driver app 30% M6 Retention Rate Retention rate to purchases. Also 17% YoY growth. THE BEST CONSUMER COMPANIES IN THE WORLD ARE FOCUSED ON USER RETENTION
  • 8. WHAT DOES IT TAKE?
  • 9. o Analytics platform independent from Marketing Automation o Different Marketing Automation tools per channel o Independent AB Testing ELIMINATE USER DATA SILOS 1 LEVERAGE AI-BASED MARTECH 2 o Use insights based on reality not just logic o Run in true real-time to engage based on context o Understand WHY, not just WHAT o Engage at scale 3 ADOPT AN EXPERIMENTATION MINDSET If you double the number of experiments you do per year you are going to double your effectivity – Jeff Bezos
  • 10. CHOOSING YOUR MARTECH PLATFORM Use behavioral, psychographic, and RFM insights to segment and engage using right message based on intent, not just logic AI-Based Analytics, Segmentation, Engagement Bring all data together in a single view to measure and understand engagement 360o Customer Data Platform Connect with your users in the preferred messaging channel to maximize engagement Omni-Channel Engagement
  • 11. USER SEGMENTATION STRATEGIES RFM Based o Recency & Frequency of use o 10 distinct segments o Champions/ Loyal users vs. At Risk or Hibernating users o Awareness o Interest o Converted AIC Framework o Most Likely o Moderately Likely o Least Likely Intent Based
  • 12. IT’S A NEW WAY OF THINKING A Unified Solution for User Retention MOBILE & WEB ANALYTICS CRM / CDP PLATFORM MARKETING AUTOMATION OMNICHANNEL MARKETING AUTOMATION REALTIME ANALYTICS & INSIGHTS NATIVE UI EXPERIENCES AUTOMATED USER SEGMENTATION AB TESTING OLD VS.
  • 13. PROVEN ACROSS INDUSTRIES Helping Consumer Brands Retain their Users for Life FINANCE FOOD & DRINK MEDIA & ENTERTAINMENT TRAVEL & HOSPITALITY 1.5 Billion Unique Devices Reached 150 Billion User Data Points per Month 8000 Customers Globally 80 Billion Messages Sent per Month TELECOM ECOMMERCE
  • 14. Improving User Retention for a Record Breaking 10.3M Concurrent Users CTRs using data based insights from Pivots 3X Higher Average Watch Time per session 12% • RFM Based Segmentation • User Retention Cohorts • Flows SOLUTIONS
  • 15. 5x More Cross-Sells with Personalized Omnichannel Marketing Campaigns Higher Cross-Sells 5X Increase in Monetization 10% • Journeys • RFM Segmentation • Cohort Analysis SOLUTIONS
  • 16. Retaining 5x More Customers with Advanced User Insights More users retained with an improved onboarding flow for new users 5X Inactive and churned users re-engaged with personalized campaigns 70% • User Activation & Retention • Brand Recall • Marketing Automation SOLUTIONS
  • 17. Rapid Growth & CLTV Driven by RFM Based Automated Segmentation Higher Revenue and LTV with RFM based segmentation and engagement campaigns 7% Higher Engagement with Onboarding Campaigns on CleverTap journeys 5% • RFM Based Segmentation • Personalized at Scale • Journeys SOLUTIONS
  • 18. Maximizing Conversion Rates with micro Segmentation and detailed User Insights Higher conversion rates with Campaign A/B testing and system control testing 4X Higher Engagement with Onboarding Campaigns on CleverTap journeys 43% • Real-Time User Insights • RFM Based Segmentation • A/B Testing & Control Testing SOLUTIONS