JUNE 14, 2024
As the Mobile App ecosystem continues to grow, keeping users hooked is no easy feat. You’ve probably noticed that after the initial excitement of a new download, many users just… disappear.
The statistics are stark: only 24.9% of users revisit an app the day after downloading it, and this figure drops to 9.4% after two weeks. By the 90-day mark, a staggering 71% of users have churned completely. That’s a big chunk of your marketing spend swirling down the drain.
With numerous apps available, users frequently switch to alternatives that offer superior features or user experience. Moreover, your top five competitors boast a 94% customer retention rate. How can your mobile app achieve similar success?
For Example: Imagine John, a customer who downloaded your app six months ago and initially engaged with it but has since become sporadic in his usage. By identifying that John has browsed the SME section of your app multiple times in a few days, you can send him a push notification offering free registration to the SME marketplace and a pre-qualified loan using TMC.
Example: If John remains inactive despite the initial notification, trigger incentives such as cashback offers on his next few transactions to encourage him to re-engage using TMC.
For instance, based on John’s previous transactions, you can send him notifications to make his utility payments, recharge his data, and airtime when TMC identifies that he is low.
Implementing the above retention strategies for your mobile app will translate to:
Enhanced User Experience
Re-engaging users involves understanding their behavior and preferences, allowing you to offer a personalized experience. This not only boosts engagement but also builds user loyalty and satisfaction.
In a nutshell, re-engaging inactive users is a necessity for the sustained growth of your mobile app. By understanding why users stop using apps and implementing targeted retention strategies, you can turn potential losses into gains, ensuring that your mobile marketing budget is well spent and your app continues to grow.
Solutions like Terragon Marketing Cloud can play a crucial role in this process, helping to analyze user behavior, deliver personalized experiences, and keep users engaged with timely and relevant content.