At the heart of any sustainable business is knowing how much money you actually make with each client. When you launch a mobile app project, your hope is to sustain this business for years to come, not just months or weeks, right? This is a header level 1 Google said it’s going to extend billing choices for users of its Play Store to India, Australia, Indonesia, Japan and Europe.
Google said it’s going to extend billing choices for users of its Play Store to India, Australia, Indonesia, Japan and Europe. How do you achieve that? For starters, you absolutely need to know what revenue each of your app users generates for you. Here comes the notion we’re going to spend on the next half an hour or so - Live Time Value, aka LTV. Today’s guest is Levi Matkins, CEO of LifeStreet—a programmatic marketing platform for app developers. He talks about lifetime value (LTV) in mobile, which is a measurement of how much money a user will generate.
“Generally speaking, it's a measurement how much money the user will generate for an app at given amount of time.” “Having a good LTV in an app is the difference between success and a failure.” “You can't impove what you don't measure. It's critical to track and measure LTV.” “LifeStreet’s belief is that return on ad spend is the most important thing to optimize for in a successful campaign. By paying the right price for a user, allows a campaign to scale more effectively.”
