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Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

Date post: 14-Jan-2017
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Think Content, Not Coins: Using Instant Rewards to Drive Retention Wally Schlaegel Chief Product and Marketing Officer CataBoom
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Page 1: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

Think Content, Not Coins: Using Instant Rewards to Drive Retention

Wally SchlaegelChief Product and Marketing Officer

CataBoom

Page 2: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

ACQUISITION IS MORE THAN ATTRACKING THE CONSUMER

average cost per new user install is $2.51

23% of users delete an app after ONE day

Fiksu’s data indexesTechCruch and a recent Localytics study

Page 3: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

CONSUMERS HAVE SHORT ATTENTION SPANS

Fiksu’s data indexesTechCruch and a recent Localytics study

77% of users delete their apps THREE days after instillation, and 90% delete by the NINETY-day mark

Page 4: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

CREATE AN ACQUISITION STRATEGY THAT IS BALANCED WITH RETENTION

90% return first 5 days65% return after 5 days

CataBoom

Page 5: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

KEEP MORE THAN 10% : THINK CONTENT and REAL WORLD PRIZES, NOT SIMPLY COINS

Consumers love to play!Consumers REALLY love to win!

Page 6: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

WHAT DOES THIS LOOK LIKE?

Page 7: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

THE POWER OF A GIFT CARD!

1 winner a day could increase acquisition by 5X

Page 8: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

DON’T UNDER ESTIMATE CONTENT!

Consumers love exclusive!Consumers share secrets

Page 9: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

FINAL: KEEP IT SIMPLE!

Simple messagingSimple implementations

Page 10: Think Content, Not Coins: Using Instant Rewards to Drive Retention | Wally Schlaegel

THANK YOU!


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