🎉 #200: How to grow an app sustainably with Mike Rhodes, Founder and CEO at ConsultMyApp
Jun 10, 2024
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Mike Rhodes, Founder and CEO at ConsultMyApp, discusses sustainable app growth in episode #200. Topics include key principles, balancing user acquisition and retention, data-driven decisions, common pitfalls, and future trends. Learn about Mike's background, ConsultMyApp services, and his thoughts on digital marketing. Plus, find out what features he would miss on his smartphone.
Sustainable growth is essential for app success, emphasizing scalable and profitable strategies.
Data-driven decisions can enhance app growth, integrating acquisition and product data for optimization.
Deep dives
The Importance of Sustainable Growth in App Marketing
Sustainable growth is crucial in app marketing for long-term success. Mike Ross, founder of Consult My App, discusses the significance of sustainable growth handbook developed by his company, emphasizing the need for scalable, repeatable, and profitable strategies to achieve sustainable growth in the volatile app industry.
The Impact of Data-Driven Decisions on App Growth
Utilizing data-driven decisions can significantly enhance app growth. Mike provides examples of how product data influences acquisition strategies, underlining the necessity of integrating acquisition, engagement, and product data to optimize app performance and improve user experiences.
Overcoming Siloed Behavior for Business Success
One of the biggest challenges in app marketing is overcoming siloed behavior within teams. Mike stresses the importance of removing barriers between acquisition, CRM, and product teams to streamline operations and foster collaboration, leading to more effective strategies and improved business performance.
Balancing User Acquisition and Retention for Sustainable Growth
Achieving a balance between user acquisition and retention is crucial for sustainable growth. Mike recommends focusing on retention first to ensure a solid foundation before ramping up acquisition efforts. By optimizing engagement strategies and product features, developers can enhance user experiences and drive long-term growth.
On one of the recent episodes of this podcast, we talked about the app growth, claiming that growth is likely the notion that has been discussed by app marketers the most. It’s like - wake up any app marketer in the middle of the night and ask her “what is your name?”, she would tell you “Growth”.
And yet - sustainable growth is what exists app marketers and developers even more. I don’t think that there is anybody who still doesn’t know that an app project is a marathon and to run it you need a sustainable strategy, you need a sustainable growth strategy.
So in this anniversary episode #200, we will be talking with Mike about “The Sustainable Growth Handbook” recently developed by his company ConsultMyApp.
Today’s Topics Include:
Mike's background
What services ConsultMyApp provides and its position on the market
What is sustainable app growth
Sustainable app growth key principles
How to balance user acquisition and user retention
Insights and examples of how data-driven decisions lead to sustainable app growth
Common pitfalls and mistakes that hinder app growth
Trends and innovations that will impact sustainable app growth
What Mike would like to change about digital marketing the most
Android or iOS?
Leaving his smartphone at home, what features would Mike miss most?
What features he would like to see added to his smartphone?
"The biggest challenge I think our clients always see is siloed behavior where acquisition teams don't talk to paid, but acquisition teams don't talk to CRM and retention teams and and then the data doesn't talk together even if the teams do, they're not connecting the dots because they don't have a CDP or a warehouse, and they haven't got a reporting stat that sits on top. And that is the biggest single thing."
"I think the biggest issue is not with developers, but actually with the product marketers. And that comes when the wrong metrics are really being focused on. So things like installs, category ranking, the keyword ranking, these things are vanity metrics. You know, they don't really matter. Like how many a month you have. It doesn't matter to a large intent. What does matter is the users I got, how are they converting? How are they converting into meaningful users? It might be watching ads. It might be whatever your core metric is. But ultimately it's got to be understand that is the metric."