If you have been following the SOOMLA blog, attending mobile game conferences or keeping up with the latest mobile monetization trends in some other ways you should already know the following important fact. Improving Opt-in to rewarded videos usually results in an increase of the same proportion in your total ad revenue. This is why many companies that use rewarded videos have been focusing on the opt-in parameter and have been trying to optimize it.
While getting the basic opt-in ratio is easy, there are a few advanced methods for finding hidden opportunities around opt-in rates.
1 – Look at daily opt-in vs. monthly opt-in
Typically, app companies focus on the monthly opt-in – this is the ratio that is normally available by platforms such as Ironsource mediation and what most will allow you to analyze if you send them the impression events. The monthly opt-in, however, only tells part of the story and in many cases we have seen that the daily opt-in can be significantly lower. What that means is that there are users who opt-in to the videos some of the days while not watching videos on other days. Fixing this can usually yield 20-25% more in ad revenue and the way to do it is by taking a close look at your incentives. Will the users need the incentive on a daily basis? If not, try to figure out an incentive that the users will need more regularly.
Monthly opt-in – the number of unique users who watched at least one video in a given month out of your total MAU.
Daily opt-in – the number of unique users who watched at least one video in a given day out of your total DAU. The daily opt-in has to be averaged across multiple days to smooth out the fluctuations.
2 – Analyze opt-in for cohorts
Cohort analysis is hardly a new trick for marketers but when it comes to monetization managers it actually is. Comparing the opt-in rate for new users vs. existing users can lead to some pretty interesting insights based on our experience. This might requires some help from your BI team (or simply using SOOMLA’s dashboard) but the hidden opportunity should justify the effort as we have seen up to 2x differences between the two segments. If opt-in is high for new users and declining for long-term users it could be a sign that your incentives are not meaningful enough for your users. In other words users are willing to watch videos but they soon realize that what they are getting in return doesn’t get them very far so they stop. In other situations, the opt-in for new users is low. This could indicate an awareness and training problem. Making your users aware of the option to watch videos early on can fix the problem.
3 – Differentiate users from different traffic sources
One of the interesting patterns we have seen is that users from different traffic sources behave differently when it comes to opt-in ratio. Users who came from paid channels and specifically from video ads often present a higher opt-in ratio compared to organic users. To improve the opt-in ratio for organic users, consider adding some more guidance to highlight the opportunity of watching videos for in-game rewards.
4 – Treat your ad whales to nice Incentives
In recent research we showed that the top 20% of the users contribute 80% of the ad revenue. These so called Ad Whales are the most important segment from an ad revenue perspective. You should focus a lot of your attention to make sure the opt-in rate for this group is as high as it can be. These users typically contribute more than $0.99 and sometimes up to $100. This means that they are as good as payers and you can offer them in-game items that are normally reserved for an actual purchase. However, since you want users of this group to watch a video daily it’s better not to offer them a perpetual item. Some examples of incentives you can give for ad whales:
- A tank that is normally worth $100 – watch a video to use for a single day
- Shortening a waiting time that normally costs up to $1
- 10x coin boost for a short period instead of 2x
Identifying the ad whales is possible by attributing the ad revenue accurately to the user level. The only way to do this accurately today is with SOOMLA Traceback.
We’ve put out a series of posts on the wide topic of Opt-In rates and the importance of them. Feel free to check them out:
- Increase Rewarded Video Revenue by Mastering Opt-In Ratio
- 10 Ways to Improve Opt-In Ratio for Rewarded Video
- Measuring and Improving Opt-In Ratio with SOOMLA TRACEBACK