Marketing term definitions
Installs per mille (IPM)
🎉 THe fun definition:
Installs per mille (IPM) is the metric fancy-pants marketers use to determine how many app installs they've lined up for every thousand ad impressions. It's like having a popularity contest to see which apps people have been persuaded to tap on after being bombarded with yet another ad. So basically, the higher your IPM, the better you've sweet-talked your users into hitting 'download' before their next coffee break.
🤓 THe nerdy definition:
Installs per mille (IPM) is a metric utilized in mobile app marketing to gauge the effectiveness of advertising campaigns in terms of the number of app installations generated per thousand ad impressions. Essentially, it measures the conversion rate of ad impressions into app downloads, offering insight into both the performance of the ad creative and the target audience's engagement level. A high IPM indicates that the ad is resonating well and efficiently converting interest into action, reflecting successful targeting and creative strategies. This metric is crucial for app marketers to optimize advertising spend and achieve a favorable return on investment (ROI) by refining their campaigns based on precise data-driven insights. In an environment where mobile user acquisition costs are rising, understanding IPM helps organizations to streamline strategies and prioritize channels that maximize their app's reach and adoption efficiently.