“I knew that Fiksu was an opportunity I couldn’t pass on, and I feel so lucky to be here,” Goldman said in a statement. “I think this is just one of those companies you’re going to look back on and say Fiksu defined the industry in the same way you might talk about a Facebook, Twitter or Amazon. I fully believe Fiksu is going to have one of those places in history when the story is written.”
Boston-based mobile app marketing software firm Fiksu has appointed its first chief financial officer, Ken Goldman, who was previously CFO at Burlington-based Black Duck Software.
The cost of acquiring a loyal user among brands actively seeking out these consumers rose to $1.78 in May, according to Fiksu's Cost Per Loyal User Index. Fiksu defines a loyal user as someone who has opened and used an app more than three times.
With app store competition on the rise, generating app installs and acquiring loyal users is getting more expensive, according to new data from app analytics company Fiksu, compiled in the chart below from BI Intelligence.
In May, the cost of generating an app install on iOS and Android grew 56% and 30%, respectively, from one year earlier, according to Fiksu's Cost Per Install (CPI) Index, which measures the total advertising cost app developers incur per app install.
“We’re thrilled to expand the strength of our executive team by bringing Ken on board,” said Fiksu CEO Micah Adler in a statement. “His proven track record of driving growth for companies in rapidly changing industries is impressive. We’re looking forward to leveraging his experience and expertise to help Fiksu evolve to the next level and realize its full potential.”
Mobile marketing tech company Fiksu is gaining ground. On Friday, Fiksu announced it has hired its first-ever chief financial officer, Ken Goldman. Goldman is the former CFO of Black Duck Software, and will be the newest executive to join the Downtown Boston firm.
"It's very clear that the cost of app marketing and the competition for downloads is on a constant upward trajectory: what we're calling app inflation," said Micah Adler, CEO of Fiksu.
As more people go online using mobile devices and consume media via apps, marketers are finding it increasingly difficult to recruit and retain loyal app users.
Fiksu, the app marketing specialist, reported that aggregate daily downloads of the top 200 ranked apps grew 24% during May 2014 while its Cost per Loyal user Index rose 17% month-on-month and 34% year-on-year.
“Our integration with Twitter means our mutual clients can take advantage of our deep experience in mobile app install ads combined with Twitter’s immediacy, massive mobile reach and audience targeting possibilities,” said Micah Adler, CEO of Fiksu.
App marketers are being hit by ‘app inflation’ as the cost of acquiring users and download volumes on Apple’s App Store soars.
According to app marketing company Fiksu, the App Store competitive index, which measures the aggregate daily download volume among the top 200 ranked apps, grew 24 per cent in May to reach 6.6 million. The figure was 5.34 million in April but more than seven million in March.
Other results from the Fisku Indexes show a decline in the Cost per Launch (CPL), with Android CPL falling 20 percent to $0.10, and iOS CPL decreasing five percent, to $0.20.
Consumers need for apps shows little sign of abating, mirroring publishers desire to reach and convert new app users.
This increase in marketing costs are demonstrated in Fisku’s App Store Competitive Index for May, which measures the aggregate daily download volume among the top 200 ranked apps. The report shows that download volume grew by 24 percent to 6.6 million, compared to April's 5.34 million. Meanwhile Fiksu's Cost per Loyal User Index rose 17 percent to $1.78 in May and 34 percent year-over-year.
“The increased quality and growing popularity of apps continues to fuel ever-increasing demand, meaning marketers must continually hone their new strategies and spending in the quest to cost-efficiently acquire loyal and engaged users,"said Micah Adler, CEO of Fiksu.
User acquisition and marketing company Fiksu has revealed the results of its latest indexes, which measure daily app downloads, cost per loyal users, cost per installs and more. May’s data shows competition for downloads on the rise in a phenomenon Fiksu has called “app inflation.”
For instance, May’s App Store Competitive Index, which measures the average daily downloads for the top 200 free iPhone apps in the US, saw a 24 percent increase to 6.6 million daily downloads, up from 5.34 million in April. That’s a 12 percent increase year-over-year.
“With the increase in volume this month, app marketers will need to find more creative ways to find and acquire loyal users,” Fiksu said. “Granular targeting options and optimized app marketing efforts continue to improve, helping advertisers break through the noise.”
Inflation is no fun. Especially when costs are rising more than what you can charge for something. That’s the problem facing app developers, based on the latest report by mobile marketing firm Fiksu.
During May, marketing costs rose 17 percent from April and 34 percent from a year ago, as measured in Fiksu’s Cost per Loyal User Index, which measures the cost of acquiring mobile users who open an app at least three times on iOS. That sets the stage for a competitive summer.
“While there have been ebbs and flows, it’s very clear that the cost of app marketing and the competition for downloads is on a constant upward trajectory: what we’re calling app inflation,” said Micah Adler, CEO of Fiksu.
App inflation is the new 'normal' for brands and app marketers, a trend illustrated by the latest Indexes released today by Fiksu, Inc.. The App Store Competitive Index for May, which measures the aggregate daily download volume among the top 200 ranked apps, grew by 24 percent to 6.6 million, compared to April’s 5.34 million.
With the increase in volume this month, app marketers will need to find more creative ways to find and acquire loyal users. Granular targeting options and optimized app marketing efforts continue to improve, helping advertisers break through the noise.
With natural App Store discoverability a major issue for developers, the price for marketing apps continues to increase. As more firms bid for limited marketing options they drive the price up. Fiksu's estimate of cost per app install has been steadily rising since 9/13 from $.83 to its current $1.24.
At this year's WWDC in June, Tim Cook announced the App Store has reached over 1.2 million apps. While this diverse and competitive app ecosystem has proven incredibly successful for the top-performing 200-300 apps, being discovered is a daunting and increasingly expensive proposition for the hundreds of thousands of other apps. Many app developers think the fault lies with the App Store, whose heavy bias towards surfacing and keeping 'top performing' apps in the spotlight reinforces this disparity. Currently, just 1/10th of 1 percent of apps control the entire App Store market, leaving the rest of the 1.2 million apps virtually unknown.