An MMP is essentially a company that helps apps measure the performance of their campaigns across advertising marketing channels, media sources, and ad networks. Let’s understand how it works, its benefits, and what you need to look for when selecting an MMP.
What is MMP in Digital Marketing?
The full form of MMP is a mobile measurement partner. MMP meaning can be defined as a partner (a company) that acts as a third-party provider. So, an MMP is engaged in attributing, collecting, and organising app data to deliver a unified overview of a brand’s campaign performance.
It is a challenging task for an app marketer to decode which channels, sources, publishers or campaigns are resulting in conversions. This is because campaign data is spread across multiple app networks. This is where MMP steps in and provides marketers with an impartial and accurate overview of the factors leading to app conversions.
To summarise, app marketers use MMPs to understand the ROI of their marketing campaigns and how they can be further optimised.
How Does an MMP Work?
The primary work of an MMP is to match campaign engagements with installs and post-install in-app actions.
This process is carried out using a Software Development Kit (SDK) which can be integrated into an app. This SDK is a piece of code that collects measurement and attribution data. Therefore, an MMP links ad engagements with app installs and post-install events to the correct user acquisition source and marketing campaign. The insight gained from this data helps a business to identify which ad is delivering to which users and which creative is bringing the other users.
According to the current industry standard of attribution modelling, multi-touch attribution is used to identify every touchpoint that influences user decision-making.
Which Analytics Should an MMP Offer?
As the MMP full form marketing suggests, the third-party company should offer analytics on impressions, clicks, installs, as well as in-app purchases. So, an MMP should provide insight on:
- User interaction with ads via impressions, clicks, and installs
- User interaction with apps via session lengths, in-app events, and in-app revenue
- Users and campaigns with the most value via user lifetime value (LTV), conversion rate, and return on ad spend (ROAS)
An app marketer can find out these critical metrics using an MMP which can help them in making informed decisions regarding their campaigns.
What are the Benefits of Using an MMP?
An MMP helps you with the following advantages:
- United Overview
An MMP provides all the data of your campaigns across multiple channels and networks in one single place. The data is presented in one place, making it significantly feasible to compare the results.
- Time Savings
An app marketer with the help of an MMP does not have to spend hours going through spreadsheets, and dashboards, checking and rectifying the discrepancies to get the answers you need for attribution. An MMP does all the heavy lifting for you so you don’t have to manually measure and attribute every conversion for your ad networks.
- Data Accuracy
One of the biggest benefits of taking the help of an MMP is getting accurate data. They provide you with clean data so that you know where to spend your budget and how exactly you can optimise the performance of an app, LTV, and ROAS.
- Scale Intelligently
An MMP provides you with real-time data, saving you both time and money. Using these data, you can further focus on investing in the best-performing channels and platforms for faster and smarter growth for your business.
How to Choose an MMP?
As an app marketer, an MMP simplifies how to analyse the campaign performance using multiple sources of data. Therefore, choosing a good MMP marketing can help your business scale higher. Along with deep insights into your campaigns, your mobile partner for measurements should offer the following:
- Security and Privacy
Security and privacy are two of the most integral aspects that your MMP should provide as protecting your customer’s data at all times is critical. An MMP that operates based on user privacy would provide you with better security, and storage of user data. Check the privacy certifications of different MMPs and their business model before making your choice.
- Fraud Prevention
Choose an MMP that is committed to maintaining a fraud-free ecosystem. Working with an established and mature MMP platform can help you leverage market intelligence when it comes to preventing fraud. They not only remove the bad players from the platform but also partner only with ad networks that take fraud prevention seriously.
- Audience Segmentation
Manual segmentation is time-consuming and also results in multiple errors. Therefore, look for an MMP that allows you to automatically group users and update every audience in real time. With this MMP, you can quickly run A/B tests or cross-promotions and focus on increasing user engagement.
An experienced MMP uses various metrics to collect app data. They also seamlessly manage the highly complex mobile attribution technology to manage and gather data so that you can make data-centric decisions.
- Intuitive and Advanced Features
The MMP you choose should make your life easier. You should be able to segment data, and users, streamline your campaigns, as well as optimise their performance. An MMP with deep linking capabilities can also help you increase conversions for your app.
Thus, a mobile measurement partner or MMP helps an app marketer make quick and smart decisions using the accurate data provided by them. So, partner with a reliable and unbiased MMP who can do the heavy lifting for your business so that you can build a stronger LTV user base.