Growth Gems experts

Lea Samrani

· LinkedIn

10 insights on Monetization, Data and Lifecycle Marketing from 4 talks and podcasts, each with the quote and a link to the moment it was said.

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Monetization

Monetization

Adding a shorter subscription option can actually increase purchases of your yearly plan. This counterintuitive pricing strategy can simultaneously increase conversion rates and average revenue per user through effective price anchoring.

"Not only did this increase subscription by 111%, but it also increased the amount of people that purchase the highest price. So we had people buying the yearly product more than when the only option was a yearly product, which is amazing, right? Increase ARPU, increase revenue, increase, etc., etc., just with like one simple change."

Unlocking Subscription Growth: A Data-Driven Approach at 21:55 · Featured in Growth Gems #127

Sylvain's take:

This can depend on the app vertical, but it’s one of the reasons the “Blinkist timeline” was not always a win (at least when defaulting to yearly).

Data

Data

Don't wait to grow before testing - even small apps with 10K MAU can run effective experiments. The key is knowing how to test properly and what to look for, not having a massive user base.

"I get this question a lot. My app is very small, we don't have enough downloads, how many user I need to test, unless you just launched chances are you probably can start testing. You don't need that many users, you just need to know how to do it properly and know what to look for."

Unlocking Subscription Growth: A Data-Driven Approach at 4:13 · Featured in Growth Gems #127

Lifecycle Marketing

Lifecycle Marketing

Even if you can’t send personalized notifications/emails and different messages to each user, you can integrate GPT into your system to take into account that customers are consuming different types of content. This allows you to send what looks like a personal recommendation and bring value because it’s relevant content. Example at Uptime: if a person bookmarked “Start with why” and didn’t read it, they could send a notification with a direct insight from the book. Each user also received different notifications over time. It brought value to the user, was scalable, and reduced churn.

PANEL: Supercharging your App Engagement and Retention at 15:15 · Featured in Growth Gems #89

Organic Acquisition

Retention

User Research

User Research

Democratize user insights. No matter who you are at the company, you need to have touchpoints with your end users and understand their pains, goals, etc.

PANEL: Supercharging your App Engagement and Retention at 23:50 · Featured in Growth Gems #89

Sylvain's take:

⛏️ Going Deeper: Lea recommends making it very easy for people to provide you with insights. Don’t make it hard to contact you from within the app, and don’t have a “no-reply” email. Share customer insights across the company: it can be a Slack channel, a folder on Google Drive, etc. Finally, be proactive and train yourself on how to conduct interviews.

Other

If you offer long-term subscriptions, try to predict churn early. Focus on shortening the feedback loop by leveraging users’ behavior insights. Identify the specific periods (e.g., within the first five days of subscription) where users stop using the app so that you can hypothesize, test, and assess results.

Supercharging your App Engagement and Retention at 8:55 · Featured in Growth Gems #89