Securing Venture Capital for that Next App Development

Whether you’re a single app developer looking to increase the size and scale of an upcoming release or the owner of a fledgling app development company, it can be incredibly beneficial to take on some form of venture or other funding in order to grow your business, to hire other employees and more. Let’s take a look at a few ways that an app developer can secure some venture, angel or other investment in order to finance operations or expand their development efforts. Securing Venture Capital for that Next App Development

Always Begin with “Easy” Money

The first time you go looking for outside cash as an app developer you’re going to want to start with the easiest sources of funding: family and friends. One thing that makes sourcing new cash a bit easier is that you can show off your app(s) to pretty much everyone you come across, as you generally have your phone with you and you’ll likely have the latest alpha or beta release on there. When you decide to ask a friend or family member for investment it’s better to approach things from the side. Share with them what you’re doing, let them play around with your apps and then mention in passing that you’re looking for outside investment and ask them to forward along anyone that they think might be interested in investing in your app or your development company. At best you get a new investor on the spot and at worst you’ll get some new leads which may pan out.

Aim for Local Investment, if Possible

If at all possible it’s better to close investors that are local to your business operations – even if you develop apps from your basement or one-man office. This will enable you to gain access to mentorship from your investors, which can be incredibly valuable in growing your business into something more long-term and sustainable. You’ll also be able to quickly meet with any of your more “hands on” investors who prefer to be around and see exactly what’s happening with the money they invested. Sure, this type of thing can be done over something like Skype, but nothing beats face-to-face interaction.

Carefully Consider Online Funding Sources

There’s a lot of news around crowd-sourced funding options like Kickstarter, but beware that these aren’t the greatest ways to fund app development. Typically you’ll want to have some sort of product or service that you can trade to the funders in exchange for them pledging money – but early access to an app that you intend to price at $0.99 or $1.99 isn’t going to get you a whole lot of investment. App developers are usually better off going after traditional sources of venture funding.

Spend the Money Wisely

Finally you’ll want to ensure that you spend any venture funding very wisely; mishandling VC funds is an excellent way to tarnish your reputation and make it all but impossible to find additional investment in the future. Venture capitalists and angel investors are well-connected groups that don’t soon forget when someone blows their cash with little to show for it. Stick to the game plan and spend the VC cash properly; you’ll be far better off than when you started. Many entrepreneurs and app developers find it tough to swallow giving up a portion of their app’s future earnings or their entire company in order to receive venture funding and investment. However, if you have a well-thought-out strategy for monetizing your apps and a plan for future development you will likely find that the additional cash, resources and mentorship that come with venture funding are a huge help. Good luck!

LeadBolt Revolutionizes App Monetization with Multivariate Testing

Did you know that LeadBolt is the first ad network in the world to release a multivariate feature for our advanced ad formats? It’s true! LeadBolt, the first ad network to pioneer the content unlocker on mobile devices, does it again with multivariate testing!

Multivariate Goes Mobile
Multivariate testing (or ‘multi testing’) is an advanced form of A/B split testing. This is a killer strategy to ad effectiveness, used by online marketing gurus across the internet. Multivariate testing involves setting up alternate versions of text, colours and other visual assets and then testing all combinations simultaneously to determine the highest performing ad settings for your users. The results are often surprising and unexpected.

Check out our short video here!

LeadBolt brings this feature to you as a part of our never-ending quest to deliver high performing ad types for our publishers!

How Multivariate Testing Works?

 

You can run multivariate tests on your ads instantly without technical knowledge. What’s more, once you know which combination is the most effective, you can make it your default ad style in one click. Increase your ad effectiveness by signing in to the LeadBolt portal by creating a multivariate test today.

Now that’s the power of app monetization from LeadBolt!

How to maximize your eCPMs using LeadBolt’s Advanced Overlays

You’ve heard the buzz about LeadBolt’s Advanced Overlays. It’s true – our app developers are generating extremely high eCPMs with this signature ad format. The good news is your app can do that too!

Beat the banner blindness – multiply your eCPMs!
Advanced Overlays enable users to “unlock” another level of your game, view quiz results or gain access to exclusive areas in your app, by completing one of the offers on your advanced overlay.

Unlike banners, advanced overlays are more noticeable and hence generate higher eCPMs. The advanced overlay appears when the users are at the peak of their engagement– right before they reach to the content they desire. All these attributes make advanced overlays a very effective ad format which will maximize your eCPMs!

Why use LeadBolt’s Advanced Overlays?
You can fully customize the colors, text and design to fit the theme of your app and retain your branding. LeadBolt’s advanced algorithms ensure that the offers shown are relevant to your app users. Users have an option to close/skip the ad if needed, making this ad type very user friendly.

Let’s see how Advanced Overlays work:

Integrate LeadBolt’s unified SDK
Remember our latest unified SDK gives you access to all premium ad formats which generate much higher revenues than just banners. One SDK also enables you to test several ad formats to see which works best within your app.

Start increasing your eCPMs with LeadBolt today!

Earn More With Notifications

Notifications are LeadBolt’s latest proven and engaging method of app monetization.

This new ad format is so effective, that the average eCPM’s for notification ads on Android & Apple iOS are currently $15+ on US traffic and great results internationally. Some publishers are achieving $100+ eCPMs for US traffic! We have both recurring and our unique on-demand notification type that puts the publisher in full control.

Create Buzz

Notifications allow you to display ads on the homepage of an app users’ mobile device, even when the app is not being used. If you are not convinced yet, check out our LeadBolt notification ad promotional video here.

Earn higher eCPM’s

Notifications generate significantly higher CTR’s, since users view them when it is convenient in their own time rather than during a game play or app usage. As a result, revenues are significantly higher compared to standard in-app banner ads. However, notifications can be effectively used in conjunction with banner ads as an additional revenue stream in your app monetization strategy.

Monetize Inactive Users

Have you ever wondered how long are the users going to stick with you app before downloading a new one? Depending on the popularity of your app, its active life span might only be few days long. With traditional ad formats, this is the only time you can monetize the users. With notification ads, you can reach and monetize inactive and intermittent users very effectively.

Transparency for Users

Developers can control exactly who gets notifications and how often. Once you log in to your LeadBolt account to create your ad, you will be able to easily customize the ad to suit your app, including frequency and targeting of user types. Users also have the option to opt out.

So what are you waiting for? Start creating your notification ads today!

How to increase your app installs for free

Chances are you have developed a great app. Maybe you even have couple of them. Now what?

When it comes to measuring the success of your apps, the key metrics are: install rates, number of active users, amount of app reviews and quality of user ratings. Many app developers realize that marketing becomes crucial these days. There are many ways to market your app but most of them will require some investment.

Let’s focus on increasing your app installs without breaking the bank.

Did you know?

…that you can utilize some of the big Android and iPhone forums out there to promote your app for free?

Simply create a free forum member account and you will be ready to get your app exposed to users and other app devs out there. Make sure to introduce yourself, write a brief description of your app and ask other members to provide feedback on it. You might get some good responses that will help you fine-tune your app but most importantly, people will check out what you have.

It’s a good idea to post few screenshots of your app and a link to the marketplace where the app can be downloaded.

Some of the forums offering relevant sections for reviewing apps are:

AnroidForums.com:
http://androidforums.com/application-reviews/

AndroidCentral.com:
http://forums.androidcentral.com/games/

AndroidCommunity:
http://androidcommunity.com/forums/f12/

iPhoneDevSDK:
http://www.iphonedevsdk.com/forum/shameless-advertising/

Some of the forums will allow you to create a signature that will be displayed every time you post or answer people’s questions – allowing an additional crowd to see your app.

IMPORTANT: Always make sure to comply with the forum rules when posting or responding!

You can also gain free traffic to your app by signing up to app directories such as AppBrain.com and GetJar.com.

The more people that get to know about your apps and use them, the more money you’ll make using LeadBolt’s high performing in-app ad formats.

Tips: How to Best Spend Your Digital Dollars to Get the Highest Return

Advertising online is easy, simply place an ad on the “nearest” search engine you can find and you are out there on the net.  However, making money from your spend and having your digital dollars actually generating a return is another story altogether.

Getting the highest return on your spend can only be gained once all the touch points of your digital flow have been optimized. From site design, layout and wording, to market segmentation and marketing to bringing your customers back through retargeting and remarketing.

1. Optimize your site. Many people underestimate how critical it is to have a site and flow that works for the segment they are targeting. Having a beautiful, graphically rich site with mounds of information does not automatically qualify it as a site that will attract the highest amount of purchasing customers. If your site is out there to sell, and that is your KPI for return, then it needs to be optimized to get people through the sales flow.Get them onto the site and buying in the fastest possible way.

2. Consider whether a landing page can do a better job at converting surfers to buyers. Bringing a surfer in could lead to higher return if you can convert better than your current multipage site or flow does. Another way of converting customers in the fastest possibly way is to have a landing page. This is very simply the page where you drive customers to from an advert. It is a one stop sales page and if done correctly can convert many times more than an entire information site can. Think of it like this, if you can convert a buyer in one step as opposed to 2, 3 or 4 you have less chance of them leaving and going else where. Groupon and Living Social do this to great effect. You see the offer, you like the offer, you purchase. Of course if you want to learn more you can click around, but the majority of the required information to make a purchasing decision are on one page.

3. Another secret in the industry is SEO. Although everyone knows about it, not everyone practices what they preach. Spending money up front on getting your site into the Search engines through proper SEO can lead to enormous returns. Organic search is more trusted than sponsored ads and seems to convert better if the site is optimised correctly. Added to that, the popularity of your site in the search engine’s  eyes increases every time someone visits it as a result of a search. This moves you higher up the search results tree and in turn brings you more visits leading to possibly higher sales.

4. Finally, the jewel in the crown at maximizing return rests in remarketing.Once you have a sale, don’t forget about the customer. Contact them, remarket to them and show them why you are superior to your competition. Overall maximizing your return is a simple process of optimizing at each phase. Experiment and you will find what works for your business.

Of course spending money on advertising is a given. Unless you are lucky enough to have organic, viral traffic that brings in a never ending stream of clicks and sales, you need to get “the word out”. Traditional cost per click campaigns on the likes of Google still work although they are very competitive and costly. Placing campaigns on engines where you can carefully segment the viewing audience will definitely help optimize things and Facebook is excellent at that. Still, the best way of getting the highest return on your ad dollars is by advertising on new technology engines where they still remain tightly held valuable gems like Leadbolt. They have a lot of traffic and excellent quality which can be exploited at comparatively low rates meaning your return on revenue again increases. Good luck!