We did some testing a few years back on the effectiveness of advertising 
based app marketing using house ads running in our own app. We had millions 
of impressions to play with so got some decent results for a low cost.

The bottom line is that the actual, effective install rate is extremely 
low, like .01% for impressions to installs. So unless you have a boat load 
of cash, this way of marketing is probably about as effective as a guy 
dressed as a chicken standing on a corner waving a sign. Companies like 
Amazon and Bank of America can afford to do this type of promotion because 
it serves a dual purpose: Brand recognition and as a side effect, some app 
installs. If all you want are app installs, then the entire thing loses 
punch.

It's a bummer that it isn't more effective.

It might be better to hire that chicken suit guy to promote your app.

-John Coryat

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