Definition of Cost Per Install (CPI)
The cost associated with acquiring a new user through app installations.
Explanation of Cost Per Install (CPI)
Cost Per Install (CPI) is a metric used in mobile app marketing to measure the cost of acquiring a new user who installs the app. CPI is calculated by dividing the total advertising spend by the number of app installs generated from the campaign. This metric helps businesses understand the effectiveness and efficiency of their app marketing efforts. A lower CPI indicates a more cost-effective campaign, while a higher CPI suggests that more resources are needed to acquire users. By tracking CPI, businesses can optimize their marketing strategies, allocate budgets effectively, and improve overall performance. CPI is influenced by factors such as targeting, ad creatives, and user experience. Regularly analyzing and refining campaigns based on CPI helps businesses achieve better results and maximize return on investment (ROI). CPI is a crucial metric for app developers and marketers to monitor, ensuring that their efforts are driving growth and user acquisition effectively.