1 / 3

How To Tackle ‘Non-Subscription Churns’ in App Monetization with Predictive Analytics

A plethora of businesses lose sales just because they either overlook or are unaware of ‘non-subscription churns’. These churns occur when your customer partially or completely abandons your business i.e. either stop buying from/ coming to your app infrequently or just leave it or the sales funnel.<br><br>A number of Androidapp development companies in USA has begun to take these churns into consideration seriously and are suggesting their clients, to plan, strategies, and run targeted marketing campaigns for customer retention.

apphonchozapp
Télécharger la présentation

How To Tackle ‘Non-Subscription Churns’ in App Monetization with Predictive Analytics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How To Tackle ‘ ‘Non- Subscription Churns’ ’ in App Monetization with Predictive Analytics A plethora of businesses lose sales just because they either overlook or are unaware of ‘non-subscription churns’. These churns occur when your customer partially or completely abandons your business i.e. either stop buying from/ coming to your app infrequently or just leave it or the sales funnel. A number of Androidapp development companies in USA has begun to take these churns into consideration seriously and are suggesting their clients, to plan, strategies, and run targeted marketing campaigns for customer retention. The following step-by-step guide will help you pull the reluctant customers back to your app and win their attention: 1. Understand the Business

  2. Set the factors that actually define a churn. You don't want to spend your resources targeting the customers who haven't returned to your app from a short time. Hence, define a moderate time limit that separates out actually abandoners.. 2. Gather, Enrich, and Analyze Your Data In order to lay down an effective predictive strategy, you would need to analyze a large amount of data (customer identification, date and time of last interaction, most used features of your app), and compile it to get down to the essentials. You can enrich it by simply adding more specifications such as demographic information and much more. 3. Put Your Prediction Analysis to the Use

  3. Be careful about how your prediction model is actually going to work. What would be the variables and how it will predict user's next move based on the comprehensive data it collected in the past. Moreover, make sure it's competent enough to analyze the present progress in diminishing churns. Leading Androidapp development services suggest that there should always be room for improvement/ updates. 4. Check it Yourself Keep a track on the effectiveness of your prediction model to ensure significantly generic results. Make sure vectors such as app down time, changes in in-app purchases and updates that took place at certain times are n o t s u b s t a n t i a l l y a f f e

More Related