Beyond the Benchmark: Why Your Marketing Metrics Should Stand Alone
In a world flooded with data, benchmarks often serve as a lighthouse for marketers navigating the vast ocean of strategies and campaigns. But what if I told you that sometimes, steering away from the light might lead you to uncharted territories ripe with opportunity? Let's dive into why relying too heavily on market benchmarks could be holding back the true potential of your mobile marketing and user acquisition efforts.
Navigating Through Crowded Waters: Market Saturation and Competition
The mobile app landscape resembles a busy marketplace, where each vendor competes for the same attention. Market saturation and competition levels vary greatly across genres and niches. Benchmarks often generalize these factors, providing a skewed perspective that might not apply to your specific context. By understanding your market's unique saturation and competitive dynamics, you can carve out a strategic position that benchmarks may not account for, allowing you to outmaneuver competitors in crowded spaces or identify blue oceans ripe for exploration.
Painting Outside the Lines: Distinct Art Style
Imagine your app as a piece of art in a gallery filled with similar themes but varying styles. Your distinct art style - be it your app's design, UX, or thematic content - sets you apart, resonating uniquely with your audience. These differences can easily have up to 100% differences in CPI. When you use market benchmarks as your guiding star, you risk diluting this uniqueness, blending into the background noise of the marketplace. Celebrating and leveraging your distinct style can captivate a niche audience that benchmarks might overlook, fostering deeper engagement and loyalty.
Understanding Uniqueness: Marketing Channels differences
Social UA channel vs Ad Channel. Think of the audience you are targeting. In the first one, you are showcasing your game to audience spending time on social medias while the later is directed primarily towards players watching in-game ads. Each of these will have significantly different metrics. From basic metrics like CTR, CPI, CTI to retention and monetization metrics.
Charting Your Own Course: The Unique LTV Curve
Every app or game you market boasts a unique Lifetime Value (LTV) curve, a testament to its distinct user engagement and monetization dynamics. Picture this: your app's LTV curve might ascend gradually, peak later than average, or present unexpected valleys and peaks, each telling a story of user behavior and value generation. By adhering strictly to industry benchmarks, you risk crafting strategies that misalign with the natural rhythm of your user base. It's like wearing someone else's glasses and wondering why the view isn't clearer. Tailoring your strategies to your app's unique LTV curve enables you to optimize for long-term value rather than short-term benchmarks.
Sailing with the Seasons: Seasonality
The impact of seasonality on user behavior and marketing effectiveness can't be overstated. From holiday spikes in user acquisition costs to summer slumps in engagement, each app experiences these cycles differently. Relying on broad market benchmarks to inform your seasonal strategies might lead you astray, overlooking golden opportunities or misallocating resources. By analyzing your app's historical performance and aligning your marketing efforts with your unique seasonal trends, you can optimize your campaigns for efficiency and effectiveness, far beyond what benchmarks can predict.
Embarking on a Journey of Discovery
In the grand scheme of mobile marketing and user acquisition, benchmarks can serve as useful signposts, offering a sense of direction and a measure of performance. However, the true art of marketing lies in recognizing when to chart your own course, guided by the stars of your unique LTV curve, distinct art style, understanding of market saturation and competition, and the ebb and flow of seasonality.
As we navigate these waters together, remember: the goal is not to sail closest to the shore, where the paths are heavily traveled and the benchmarks lie, but to venture into the deep, where true discovery—and your app's unique potential—awaits. Let's set sail, shall we?