5 key components for establishing and optimizing lead nurturing campaigns
Measuring, Analyzing & Optimizing Your Facebook App Campaigns
Transcript of Measuring, Analyzing & Optimizing Your Facebook App Campaigns
Measuring, Analyzing & Optimizing
Your FacebookApp Campaigns
The Definitive Guide to
Table of Contents
Intro .................................................................................................... 3
What Are Your Measurement Options? .................................. 5
Data-Driven Learnings & Optimization ................................15
Conclusion .......................................................................................25
The Definitive Guide to Measuring, Analyzing & Optimizing Your Facebook App Campaigns
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Intro
The latest Facebook earnings report from Q3 2015 has proven once
and for all that the social network is a mobile-first company. Why
mobile first? How about 1.39 billion mobile monthly users, 894 million
mobile daily active users and no less than 78 percent of ad revenue
coming from mobile? I rest my case.
As a company that adapted so well to the mobile era, it is no surprise
that Facebook is the most popular media source among app marketers
who want to drive both performance and scale in their app promotion
campaigns.
A previous guide we’ve written explores how to set up your Facebook
campaign, find the right targeting, create the best creative and make
smart use of the various pricing models offered by Facebook. Get
your free copy by clicking on the following:
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THE COMPLETE GUIDE TO
SETTING UP YOUR APP CAMPAIGNSON FACEBOOK
GET YOUR FREE COPY
This guide will focus on a key aspect of Facebook app advertising
— measurement. Since there are only two ways to measure your
Facebook campaigns, through Facebook’s SDK or the SDK of one of
its official mobile measurement partners, it is crucial to understand
which way is the right way for your business.
We’ll cover everything there is to know about measurement, analytics
and how to use the data at your fingertips to fully optimize your
Facebook app promotion campaigns.
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What Are Your Measurement Options?
1
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As you are well aware, it’s not marketing in 2015 if it’s not data-driven.
And it won’t work if you don’t measure it all, and then measure again,
and again. That’s why getting your Facebook campaign tracking
right is crucial, be it app install or Custom Audiences. But know this,
there are only two ways of doing this:
Integrating the Facebook SDK and using its own reporting
solutions: Analytics for Apps or Ads Manager. The former allows
the marketer to learn, on top of the standard app marketing
and engagement metrics, about the types of people using
his/her app, how they got there, and how they are interacting
with the app. The latter is used to create, manage and measure
Facebook ads.
Adding the SDK of one of Facebook’s official Mobile Measurement
Partners, aka MMPs (here’s the list). Following movements in the
mobile advertising analytics space — particularly Facebook’s
removal of Mobile App Tracking (now called Tune) as a Mobile
Measurement Partner and the retirement of Criteo-owned Ad-X
— companies like Facebook are dependent on a limited number
of partners to facilitate their mobile advertising business.
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Important note #1
MMPs can also track your efforts to drive scale outside of Facebook
by measuring attribution and in-app events from your campaigns
running on its Audience Network. In addition, the Facebook-owned
and integrated Instagram has rounded up a number of Facebook
Marketing Partners to allow marketers the option of measuring the
campaigns with a 3rd party.
Important note #2
Some non-MMP companies claim that they can still attribute Facebook
campaigns by using the social network’s deeplinking solution. However,
know this: the Facebook deeplink is not an attribution solution as it
does not include click time — which makes any time based attribution
modeling like last click or first click impossible.
MMP
Non-MMP
Network 2Click Time
12:47
Network 1Click Time
12:03
Network 1Click Time
12:03
Network 3Click Time
12:59
Network 3Click Time
12:59 13:17
Network 2Click Time
12:47
Facebook Click Time = Unknown
Facebook Click Time= Last Click
Last clickUnknown
✔
???
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Facebook’s Analytics for Apps
Facebook first announced Analytics for Apps during its F8 Developer
Conference back in March 2015. The in-app analytics tool includes a set
of features that enable developers to better understand how different
users engage with their app in order to optimize user experience
and ultimately improve their key goals, whether monetization or
engagement. Data can be crunched by zooming in on segments,
cohorts, and funnels — all of which are based on mapped in-app events.
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Benefits of Facebook’s analytics tool include:
• Accurate cross-device measurement within Facebook properties:
Since users use Facebook when they are logged-in, it’s easy to
connect one device with another
• Access to highly accurate demographic data at scale (after all,
the company knows a lot about its users, their interests, and what
leads them to engaging with content)
• Facebook excels at self-service platforms. The social network
included the ability to easily create a custom audience and lookalike
campaign within Analytics for Apps
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Mobile Measurement Partners
Facebook first introduced the MMP program at the end of 2012 and
it was one of the key decisions that helped them adapt so well and
so quickly to mobile. After all, Facebook was not first-to-market and
since there were already several established mobile measurement
companies and networks in the game, partnering with leading players
made a lot of sense, particularly if measurement and attribution is
not your core business.
MMPs were chosen based on their technology and ability to support
accurate measurement at scale, their market penetration and last
but not least their level of security and privacy. In the past, several
official partners that violated Facebook’s strict terms were removed
from the MMP program.
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The key differentiator of an MMP — particularity the mobile attribution
specialists among them — has to do with connection to the ecosystem
at large.
• A marketing dashboard cockpit to consolidate all mobile
marketing data into a marketer’s attribution logic. This includes
owned marketing channels like email, SMS and push notifications,
in addition to paid and social campaigns across the ecosystem
(user acquisition and retargeting). Last but not least, data on
organic and viral installs is also included, while some even offer
attribution of TV ads.
• Integrations with thousands of media source partners. What
this means is that app marketers only need to add the MMP’s
single SDK to connect to all of its integrated partners (AppsFlyer
for example has over 1,400 such integrations). With integrations
in place, marketers can properly attribute and measure user
acquisition and advanced audience targeting campaigns
such as retargeting across multiple networks, publishers and
campaigns.
• A connection to other 3rd party ecosystem players like in-app
analytics, marketing automation, fraud detection, messaging,
push notifications and A/B testing providers.
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• Direct access to Facebook’s user level data: An extremely
valuable data source that Facebook provides only through its
MMPs. With this data you can:
1) Create lists of highly targeted users using device identifiers
and then run lookalike targeting or retargeting campaigns
on Facebook and / or with other DSPs or bidders.
2) Upload it to your BI systems to extract and analyze deep
analytics from Facebook campaigns. You can then apply
learnings in your campaigns as well as across other marketing
activities.
• A focus on attribution: As an attribution rather than a media
company, dealing with a variety of measurement issues such
as discrepancies and fraud analysis, in addition to other
integration and implementation problems is part of an MMP’s
core business.
• An unbiased platform: When it comes to measurement and
attribution, many advertisers prefer working with a 3rd party
company that is completely independent.
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Depth of Facebook-MMP integration
An important factor to consider is how deep an MMP’s integration is
with Facebook. This can range from basic install data to a complete
funnel: views, clicks, conversion rate, installs, post install in-app events
and cost to calculate ROI.
The following table shows AppsFlyer’s dashboard with full funnel data:
Enabling Granular Custom AudienceAnd Lookalike Campaigns On Facebook
MMPs are able to report back to Facebook on any in-app event, which
can then be used to run advanced targeting campaigns. For example,
if data on an add-to-cart event is sent to Facebook, the advertiser
can then configure a Custom Audiences campaign targeted for those
users who added a product to cart.
Therefore, the greater the granularity in measuring in-app events, the
deeper you can go on Facebook. In-app events are often standard,
for example in gaming: install, tutorial completion, registration, level
up, achievement unlocked, in-app purchase etc.
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The difference between providers has to do with the number of
attributes that can be associated with an event beyond a simple name
parameter. For example, an 'Add to Cart' event that can be broken
down by price, content type, revenue, currency, quantity, customer
ID etc. With this data, you can create a granular Custom Audience
like users who added at least 2 women fashion items priced above
$100 to the cart.
Attribution Windows
Facebook attributes an install when a user clicks on an ad and then
installs the app, so long as it happens within 28 days, and so will the
measurement partner. However, if the MMP tracks a click from another
source that came after the Facebook click (after all, a lot can happen
and does happen within 28 days) it will credit that source with being
the last click, while Facebook will be credited for an assist.
Therefore, if you're running campaigns with multiple networks and
channels including Facebook, it is extremely important to pay attention
to the possibility of double attribution. Although you will probably
have to pay both Facebook and the last click network, you can gain
a better understanding of the real value each network is delivering —
in installs and assists — and optimize accordingly going forward.The
bottom line is that an MMP offers marketers industry-wide coverage,
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The bottom line is that an MMP offers marketers industry-wide coverage,
which is what marketers running campaigns on dozens of sources
require to 1) determine accurate attribution, and 2) measure in-depth
post-install marketing analytics to determine which channel, media
source, campaign, publisher and / or creative delivered the users with
the highest lifetime value. The next chapter focuses on how this data
can be used to fully optimize your entire app marketing efforts.
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Data-Driven Learnings & Optimization
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The following scenarios illustrate how to learn from in-depth, cross-channel
mobile marketing data to optimize your Facebook campaigns within
the context of a marketer’s entire marketing activities.
Smart User Acquisition
The table below from the AppsFlyer dashboard shows how Facebook
compares with other channels (like email, SMS, and QR campaigns)
and other media sources (Networks 1-6 in this case). The data is sorted
by a key rich in-app event a travel advertiser wanted to measure —
users who searched for a business class ticket to New York.
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Key Takeaways•Facebookisthebestsourcetofindthespecifictypeofusers
theadvertiserseeksdeliveringatotalof727users;network2
isalsoperformingwell
•WhenitcomestoARPU(AverageRevenuePerUser),wecan
seethatFacebookdoesnotfareaswellasnetworks2,3andQR
(whichhardlydeliveredanyusersbuteachonewasawinner)
•Facebookdeliveredahighvolumeofloyalusersbutnotahigh
loyalusers/installratioasnetworks1,2,3,inadditiontotheemail
andQRchannels
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The next scenario is sorted by sales in USD from in-app purchases.
Key Takeaway•AlthoughFacebookisperformingwellinthisrespect,Networks2
and4outperformit(intotalrevenueandinstall-to-eventratio).
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In order to better understand how this Facebook campaign can be
improved, let’s break it down to campaign level and see which ones
are under-performing. The following table shows In-App purchases
from lowest to highest:
Key Takeaways•FacebookCampaigns9andespecially3areunderperforming
withapoorinstall-to-eventratioandcanthereforeberemoved
•Asthetopin-appsalesperformer,gatheringasmuchinformation
aspossibleoncampaign10canoffervaluablelearnings
•Campaign5haspotentialwiththehighestloyal/installrateso
itmakessensetodivedeeper
Indeed, when breaking down Campaign 5 into creative variations,
we can see that creatives 3 and 4 should be removed and budgets
shifted to creatives 1 and 2.
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Optimizing the Conversion Journey
Even in a space dominated by last click attribution, knowing which
sources actually lead users down the funnel is highly valuable
information. After all, without the introducers and assistants, the
closers would not be able to seal the deal.
For example, the following table shows the share of installs vs. assists
per media source.
Key Takeaways•Facebookisnotjustaboutinstalls.Italsoplaysaroleearlierin
thefunnelwith10.65%ofassists
• Inthiscaseemailisextremelyimportantinraisingawarenessand
encouragingactionwitha50-50install/assistsratio;Network
4isalsodeliveringvalueacrossthefunnel
•Network1shouldonlybeusedtotargetbottomfunnelusers
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Improving Retention & LTV
App marketers are turning their focus to driving retention and
engagement. Why the shift? Rising costs of user acquisition means
marketers must hang on to the users they’ve invested so much to
acquire. Also, frequent app usage is a tough goal to meet with dozens
of apps on average per device of which only several are routinely
used, and millions in the app stores just waiting for their chance.
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Key Takeaways•Facebookandretargeting(RT1)network1outperformRT2
andRT3whichshouldbebrokendownintoadgrouplevelto
furtherexamineperformance.Sincethesenetworksareable
todriveconversions,perhapsthereisawayforthemtogrow
•Overtime,RT1climbs(excludingNov.10)whileFacebook’s
CustomAudiencesshowsamodestdecline
Custom Audiences and retargeting
Consumer dialogue through Facebook’s Custom Audiences and
other retargeting networks is a proven method to drive engagement
and performance.
The graph below shows a retailer’s retargeting campaigns divided
between “re-attributions” and “re-engagements.” The former
represents users who re-installed the app after interacting with
a retargeting campaign (assuming the IDFA/GAID remains the
same), while the latter describes users who have the app installed
and engaged with a retargeting campaign.
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Retention Reports
Retention is the basis of lifetime value. Savvy app developers know
how to monetize users but for that they need to be active. The greater
the granularity of a retention report, the higher your ability to improve
retention. This includes applying different filters such as media source,
campaign, publisher, ad group, geo, OS version, brand etc.
The following table shows the retention of Facebook campaigns,
broken down by country:
Key Takeaways
•RetentioninSpain(ES)isunderperformingcomparedtoother
countriessounderstandingwhyisvital.Thiscanbedoneby
breakingdowngeointocity/campaign/creativelevel
•Countriesthatdrivegoodretentionshouldbeexploredinan
attempttounderstandwhatworkedwellthere,whetherin
termsoftargeting,creativeandmessaging(makesureyou
takelocalizationfactorsintoeffectthough!)
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Taking The Audience Deep Dive With Cohort Analysis
A cohort report enables you to group users with common characteristics
and measure specific KPIs over different timeframes. This “apples to
apples” comparison is a really good indication of change over time.
It tells us about the quality of the average customer and whether it’s
increasing or decreasing over time.
As in retention, the greater the ability to slice and dice, the deeper the
insights. Filters can include geo, media source, campaign, ad set and more.
The following example shows a cohort report that focuses on revenue.
Key Takeaways•RevenuefromFacebookusers(brownline)beginstoflatten
outonday14soitmakessensetorunCustomAudiences
campaignsduringthistimetoensurethegraphkeepsclimbing
(dataisaccumulativesothat’swhythegraphneverdrops)
•Network2(orangeline)isperformingwellovertimesoit’s
importanttounderstandwhatmakesittick(targeting,creative,
publishersetc.)andperhapsapplylearningsintheFacebook
campaign(aswellasothercampaigns)
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Conclusion
With its unrivaled scale, targeting capabilities and performance,
Facebook is all but a must-have element in any app marketer’s
mix. But as the app ecosystem becomes more flooded
by the day, it’s harder and harder to rely on organic installs, leaving
non-organic costs rising considerably. In such an environment, proper
cross-channel attribution and in-depth post-install measurement is
the enabler of smart decision-making cannot be underestimated as
every cent needs to be well spent.
About the Author
Shani Rosenfelder is a senior marketing manager
at AppsFlyer — the leading mobile attribution and
marketing analytics company. With over 10 years of
experience in key content and digital marketing roles,
he brings vast knowledge about the ecosystem and a
deep understanding about what marketers are after.
Follow Shani on
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