The Challenge
Find budget-conscious consumers eager to earn rewards through everyday mobile activities
Mode Mobile has a loyal user base but wanted to grow this rewards-motivated audience at a reasonable cost. They needed to discover new networks with advanced targeting capabilities that would enable them to grow sustainably and hit their goals.
Mode Mobile recognized that employing a multi-campaign strategy could attract incremental and complementary users. However, they faced limitations in terms of the bandwidth and resources required to launch and manage new campaigns.
Mode Mobile’s rewards-based app, Mode Earn App, provides millions of users with opportunities to earn money from daily activities like listening to music, playing games, reading the news, shopping, and completing surveys. The rewards engine that powers Mode Earn App also powers the Mode Earn Phone, a smartphone that pays for itself with rewards-based activity. Mode Mobile has helped users earn and save over $100 million to date, empowering them to profit from what they do with their time and attention. |
Location
Chicago, USA
Company Size
100
Founded
2017
The Solution
Mode Mobile partnered with AppLovin to drive profitable user acquisition growth
Using AppDiscovery’s event-optimized (CPE) campaigns, Mode Mobile could focus their marketing efforts on users that were predicted to reach their target milestone, which directionally indicates a healthy return on ad spend through high ad engagement.
Since their campaign first launched, AppDiscovery made advancements to its AI technology that significantly boosted Mode Mobile’s campaign performance by finding higher-value users at better cost efficiency (CPE) so their marketing dollars would go further.
At the same time, these advancements reduced the amount of time and data required to train the AI models. This allowed Mode Mobile to launch another CPE campaign for a much lower-funnel event and reach goals in just a few days. The newer campaign targeted their Core Redeemer event – or users that will unlock 3,000 reward points, receive a gift card, and then use it in the app.
The Results
AppDiscovery’s AI advancements created a more accurate system, providing Mode Mobile greater control in finding its niche consumer. At the same time, these upgrades reduced the barriers to launching a multi-campaign strategy and empowered Mode Mobile to optimize toward a much lower-funnel event.
Within a month of AppDiscovery integrating its AI advancements, Mode Mobile was able to nearly double its D90 ROAS while decreasing CPE by 27% and eCPI by 29%. As a result, AppDiscovery became one of Mode Mobile’s top-performing UA channels.
93%
increase in D90 ROAS (MoM)1
27%
decrease in CPE (MoM)1
In Summary
AppDiscovery’s AI advancements took marketing dollars further
Upgrades to AppDiscovery’s AI-powered targeting helped Mode Mobile acquire users who would fall in love with their app with increased price efficiency and effectiveness.
The reduced calibration period made it easy to test and launch a multi-campaign strategy
AppDiscovery’s AI advancements eliminated barriers related to high-learning costs, allowing Mode Mobile to launch a new CPE campaign quickly, hit goals within ten days, and achieve remarkable performance gains over the first month.
AppLovin Platform: May to June 2023 [MoM]
2AppLovin Platform: January to December 2022