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What is a mobile application “cost per install”?

What is a mobile application “cost per install”?

Mobile apps are a critical component of our everyday lives. They affect our interaction with almost everything and everyone. Our actions often revolve around some type of mobile application. As companies maneuver to create new apps, they have to decide what is the most cost-efficient manner to market their application.

One question that surfaces is “which is the best way to measure the client acquisition and marketing costs for our mobile application?” One of such method of measurement called “Cost Per Install” (CPI).

The Cost Per Install model measures the net cost to the application developer for each download of their application to a single user. In other words – how much does it cost to deliver a single copy of an application to a single consumer. Media companies such as Facebook and Twitter, for example, might advertise your shiny, new, mobile app on their high traffic sites and garner countless numbers of clicks and impressions. With CPI, your advertising budget pays only when a user actually downloads and installs the application – not for the volume of click traffic on your advertisement (or Cost Per Click – CPC). Therefore, the more installs the advertisers gain for your app, the net cost per download to the application developer is reduced, thus creating greater profits. By using this method, it guarantees that you, as a client, pay for only as much as your campaign is actually producing. The downside is that your user loyalty or activeness volume is not accurately documented. This measurement is calculated through Cost Per Loyal User (CPLU).

In late 2015, Twitter introduced Cost Per Install as part of two models for clients to advertise on their platform for mobile downloads. According to their beta partners, the CPI model presents the highest cost efficiency – lowering the cost for advertising by nearly 30% compared to its previous model of Cost Per Click (CPC).

According to Fiksu’s Cost Per Install (CPI) Index  for November 2015, it measures the cost per app install due directly to its advertising to cost approximately $1.54 for iOS acquired users and $2.27 for Android acquired users.

As business owners, ideal conditions would call for acquiring the highest amount of quality users with expenses that would maximize their Return on Investment (ROI).

At Colure Media, a mobile app marketing firm based in New York City, we structure advertising campaigns that would guarantee downloads, lowering your cost per install and increasing your mobile app users. Contact our campaign advisors to discuss your operating costs for your next project.

Top 5 Mobile Apps of 2015

Top 5 Mobile Apps of 2015

2015 has been a year of record-breaking, innovative, and truly impeccable mobile apps for both iOS and Android users alike. Where would we be without our beloved apps? While there are countless mobile applications that have emerged in 2015, here are a few that have been exemplary in their design, performance, and popularity over the past year.

From entertainment to everyday tools, the following list of apps represents a diverse selection of must-have apps for your everyday mobile use.

Clash of Clans (iOS/Android) – 2015 was the year Clash of Clans rose to stardom. The highly addictive game has gained a cult following and broke revenue records – making it the top-grossing gaming app of all time.

Snapchat (iOS/Android) – 2015 has been claimed as the ‘Year of Snapchat’, the past year has witnessed the rapid growth and success of the mobile-only social app.

Mint (iOS/Android) – Mint is a finance and budget manager for the modern man. It’s clean and sleek design makes managing your spendings surprisingly easy – and fun. 2015 witnessed a large usage of this app in various demographics.

Hopper  (iOS/Android) – A must-have mobile app for the frequent traveler, Hopper helps you predict the best times to fly and maximize your savings on flights. Named among the Best of 2015 in the Apple Store.

Paper (iOS) – An extension of your typical Notes application, Paper takes note taking on your mobile phone to the next level with tasks such as lists, charts, and sketches.

The collection of these mobile apps will surely keep you in the loop, highly organized and prepared for the upcoming New Year. However, the past year could not be defined without discussing one of the advertising industry’s greatest threats – ad-blocking. With businesses scrambling to find new ways to promote their products online, this influential app has given them a run for their money:

AdBlock Plus (iOS/Android) – Browse your Internet free from pop-ups and on-site advertisements.

As 2016 begins, we are excited to see the release of even more innovative and excellent mobile apps that will surely influence our mobile usage. Happy New Year!