Rohit Nandan

2:24 PM, 26th Apr 2018

How to Make Money from Mobile Apps

With the mobile apps market evolving substantially over the past couple of years, developers are keen on making money from this opportunity. Let’s face it; you’re not just building apps for fun. Building apps is a business and you need to earn money to keep going. But, with a number of options available for monetization, what tactic should you adopt for your app?

Everyone knows that it takes a lot of time and money to make an app. The big question here is how the developers can make a return on their investment. How can they profit from their app dev endeavors? You can make money from your apps using a variety of ways.

As a digital marketing expert yourself, you need to understand all the options for making money off of your apps. We’ll take a look at some ways you can exploit your skills, put yourself in the right place and start making money from the lucrative mobile app development market.

There are largely three pricing models that bring in all the revenue. According to report, in-app revenue from free apps brought in the most revenue at 71 percent with paid revenues following at 24 percent and in-app revenues from paid apps at 5 percent.

If you launch your app using one of these monetization models, you have a greater chance at making more revenue than any other model.

Here’s what you need to know about Mobile Apps

1. Make it Premium

The first and most obvious way, you can make your mobile apps available for a certain price.

In order to be able to publish your mobile apps, you need to register with the app stores. The Apple app store costs you about $99 per year and the Android Play Store costs you a single fee of $25 upon signing up.

It actually works out better than putting up ads in your apps. You don’t have to sit there and wait for people to click on ads; you get the money as soon as the user installs the app.

To read more visit - How to Make Money from Mobile Apps 

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