How Can Your Mobile App Make Money

1. How How Can Can Your Your Mobile Mobile App App Make Make Money Money As professionals of a reputed mobile mobile app app development development agency agency we often need to address and resolve the various concerns of our clients One of their crucial concerns is how their mobile app can make money And we are sure that many of you ponder on it before taking a big leap of faith in developing an app for your business Look no further We are here with an extensive list of how your app can make money Stick to the end and take away these awesome ideas

2. How How Can Can a a Mobile Mobile App App Make Make Money Money Develop Develop Paid Paid Apps Apps This is no brain teaser You can easily earn money by making the users pay to install and use your app But there can be a problem here as very few people are willing to pay for app downloads In fact according to a study by Tech Crunch of the people download free apps over the paid ones Just look at your device and you will get the answer Are you curious to know which were the most downloaded apps last year Take a look Though we are not discouraging you to completely overthrow the idea of launching a

3. paid app we are asking you to give it a second thought But then the real question is how your free app can make money Well take a deep breath and go through the following passages How How to to Make Make Money Money with with a a Free Free App App Advertisements Advertisements Using ads to monetize your app is a simple yet effective revenue model All you need is to display the commercial in your app and get paid from the ad networks You can earn every time the ad is displayed per impression a user clicks on the ad per click or installs the advertised app per ihttps www webguru india com mobile app development servicesnstalls Below mentioned are various formats of ads used by the developers for monetizing the inventory Banner Banner Ad Ad These are generally small in size and placed at the top or bottom part of the mobile screen These are less obtrusive and allow users to freely interact with the app Here the ads are often customized based on user behaviour or demographics However they have low engagementhttps www webguru india com mobile app development services rates with around CTR Click through Rate Also these are mostly dependent on brand recognition People usually click on the ads of any popular company and not the random ones Interstitial Interstitial Ads Ads These ads are full screen pop ups https www webguru india com mobile app development serviceswhich can be closed either by hitting the close button at

4. the corner or opening the promoted page These cover the entire app content Incentivized Incentivized Ads Ads Such ads are usually used in a gaming app especially in the form of a reward video For example a user can get exhttps www webguru india com mobile app development servicestra lives or in app currency in games for watching the full video ad These are often lengthy and have a higher engagement rate due to their “reward” feature Once it comes to in app advertisement you need to find monetization tools Google’s AdMob AdMob is a potential tool that allows you to use Google Analytics to better understand the target audience and improve your advertisements accordingly InMobi InMobi is another tool that helps you focus on delivering a better user experience It allows the users to give feedback about the ads and thereby enhances the value of targeting for the advertisers Appsfire Appsfire seeks to select ads that seamlessly blend with the app design Using these tools will help you to effortlessly place advertisements in your app However this type of affiliate marketing has a downside If you are a start up in the app business it’s better not to get carried with earning money through ads and compromise with user experience If the users have to watch an ad every time to execute a function they may get irritated and uninstall the app 2. 2. In In App App Purchase Purchase In app purchases allow the users to unlock premium content earn game currency avail extra features and you get to earn for each of these activities There are three types of in app purchases Consumable Consumable – – These can be used only once within the app For example virtual currencies like coins gems gold or extra lives in any gaming app Non Non consumable consumable – – A feature brought for permanent usage For example – new game levels ad blocking feature etc

5. Subscriptions Subscriptions – – These can unlock content and features for a certain time For example annual or monthly service subscription In app purchase is a highly profitable freemium model Here’s a striking fact Pokemon Go earned m daily from in app purchases As you can understand this is an efficient monetization option but you have to ensure that you don’t provide too many functions in the free app Otherwise only a handful of users will opt for the paid service 3. 3. Sponsorship Sponsorship Once your mobile app gains substantial user base and popularity you may contact a sponsor company operating in the same domain This helps to expand your audience base and promote the app as most of the sponsors have loyal customers and higher reach Here are two basic sponsorship deals you can either split the revenue from the app or set a monthly sponsorship fee However sometimes it can be a bit difficult to find a sponsor company that belongs to the same niche You need to have a neatly structured and highly functional app to attract them to sponsor you That’s why it’s better to contact the professionals at any top top mobile mobile app app development development agency agency With their extensive knowledge in the best mobile app development languages they can design and develop your app in a unique yet intuitive manner 4. 4. Email Email Marketing Marketing This is one of the traditional yet effective methods to earn money through your app Here all you need is to collect user data usually emails and send marketing materials to attract users to subscribe to your product or service You can notify them about any new app upgrade new products etc

6. You may adopt any of the following strategies to collect the email address You may get email id during the initial sign up process Many users choose the option “Sign up via Google” or “Sign up via Facebook” If the sign up process is optional and you have a bunch of guest users you may ask them for email through a pop up message Here you can offer them something in return for example virtual coins nominal discounts etc Due to its ‘done to death’ usage email marketing has become less effective these days Even though renowned brands may still get some benefits due to their popularity for a start up it may turn out to be less potent We recommend you to write compelling copies to drive the audience’s attention to read and make a purchase No matter whichever strategy you pick make sure to inform the users about your purpose of collecting personal data Otherwise you may unintentionally violate users’ privacy Conclusion Conclusion So as you can see there are several ways to monetize your app but it requires some time and planning to develop a marketing strategy Mixing various strategies like advertisements and in app purchases can help you earn some bucks But no matter which revenue model you choose ensure it does not impact the user experience negatively We hope our guidelines provided you with a deeper insight into app monetization strategies Do you still have any query or confusion Feel free to share your thoughts Our experts are ready to help you Source Source https://www.techdirectory.io/articles/how-can-your-mobile-app- https://www.techdirectory.io/articles/how-can-your-mobile-app- make-money make-money

7. WebGuru WebGuru Infosystems Infosystems Email ID enquiry@webguru india com Phone No Mobile No Visit Us https www webguru india com Stay Stay Connected Connected Via Via https www facebook com webguruinfosystems https www linkedin com company webguru infosystems pvt ltd https twitter com webgurutweet http pinterest com webguruindia https instagram com webguruinfosystems