How in-app ads delivered 76.38% lower Cost per Lead

  • Rhea
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  • Published Date : 10 July , 2018
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  • Updated Date : 12 April , 2019
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    • 3 min read

A recent study by Nielsen and BCG revealed that India has a $100 billion opportunity for brands as the amount of time consumers spend on mobile and the number of digital transactions conducted increases. As 81% of users research their options on a mobile phone before actually making a purchase, reaching them through mobile platforms is becoming increasingly important. This is why, for digital marketers, in-app marketing has become one of the most important channels to drive customer awareness and generate leads.

Mahindra Lifespaces took advantage of this trend in their lead generation strategy. The phenomenal results they achieved proved that a mobile-centric approach might be the future of advertising for brands.

Background

Mahindra Lifespaces is one of India’s leading real estate developers with multiple projects spread across the country. They are the pioneer in developing environmentally sustainable projects and deliver premium living spaces to their customers. To match the company’s novel approach, they also needed an innovative digital advertising strategy to help them stay ahead of competing brands and expand their customer base.

Goal

For this campaign, the objective was to leverage in-app ads to drive more leads for Mahindra Lifespaces at a significantly lower cost per lead as compared to other targeting strategies previously used.

Approach

For the Mahindra Windchimes project in Bengaluru, we made extensive use of in-app ads to tap into a huge potential consumer base. In-app ads are placed strategically within selected apps, so customers are exposed to it while spending time on the app. With consumers today spending more time on essential mobile apps, reaching them through this medium has proved to be one of the most effective strategies. In-app marketing will also prove to be one of the biggest ways digital marketing will transform the real estate sector.

To do this, we implemented a three-step approach to developing an effective in-app marketing strategy.

Defining the Target Audience

The demographic targeted for this campaign was the 35+ age group as this would be the segment who were advancing their careers and looking to buy a home. All marital statuses and both genders were also targeted, however, males performed better.

Selecting App Platforms

After setting the target audience, we then needed to research into what kind of apps this segment would be most active on. Based on their interests, we targeted apps that belonged to the following categories:

  • Business - document editors/viewers, email management, job searches, etc.
  • Finance - banking, digital payments, financial news, ATM finders, tax calculators, etc.
  • Photography - camera and editing tools, photo management, file sharing, etc.
  • Books and reference - book readers, reference books, dictionaries, thesaurus, etc.
  • House & Home - house and apartment searches, interior decoration, home improvement, mortgage calculators, etc.

These apps would be the most effective ways to maximise reach among our target audience.

Utilising Powerful Images

As in-app advertising is a largely visual medium, the display creatives used needed to be catchy, informative and entice customers to visit the page. A mix of high-performing standard display creatives was successfully used to capture the target audience’s attention.

Results Achieved

With this advanced targeting strategy, we were able to generate unprecedented results for Mahindra Lifespaces. Utilising in-app ads helped us not only generate more leads but also led to higher conversion rates.  These ads helped us accomplish two major outcomes:

  • With in-app ads, we were able to deliver conversions that were 76.38% cheaper than other display targeting campaigns.
  • In-app ads also helped us increase conversion rates by 267.92% compared to previous display targeting campaigns used.

In a nutshell, in-app advertising helped us gain higher conversions at a lower cost. This proves just how effective platform apps can be for brands looking to boost their lead generation and conversion strategy.

With the Digital Marketing Industry Report 2018 stating that 40% of brands are looking for lead generation through digital marketing, implementing in-app ads could be one of the most important methods for them to achieve this goal. The faster brands adapt to this advertising strategy, the better equipped they will be to reach larger customer bases.

 




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