So, the question that we want to bring up is – how to make money with free apps? The article targets the businesses that want to make money from the apps. Thus, for making the things happen, it is important to stick with the appropriate monetization strategy. So, here you will find all the headers aligned with the aforementioned concern in the right way.
Well, all of us are very well aware of the fact that the number of free apps is far more than the paid ones and thus, the main root that arises here is- how to make money from the apps?
Therefore, if you are looking forward to making the money from the app in the right way, you have landed on just the correct post. We have outlined all the right monetization strategies that can help you acquire the proven results in the right way.
The App Monetization Strategies
According to a report in 2015, the below are the most popular app monetization strategy that is used by businesses is also recommended by the top mobile application development company.
Needless to say, there are lots of ways to make money but the major concern is how to find the right ones. Well, in the preceding post, we have lined up all of them.
Know about the best options to make money with mobile apps with different ways:
Well, Advertising can be defined as one of the finest to make money from the apps. Indeed, it is easy to implement and adheres to the external or the third party network.
As a matter of fact, 8 out of 10 free app developing agencies used advertising as the major revenue model for making the money as a wider scale.
Implementing the ads based concept to make money from the app is undeniably very easy and simple. The app owner is just required to showcase the commercials within their mobile app and thus, they can be easily paid from the third-party and commercial ad networks.
The app owner is paid according to the number of clicks that hits the ad or when the user completes the app installation via the advertisement.
Related Blog: Must-Use Tips for Hiring Mobile App Developers
Subscriptions can be counted as the most useful and finest app monetization strategy. The app publishers can proffer free or the appropriate content within their apps for a constrained amount of time and then can charge a subscription fee accordingly so as to allow the users to read the classified and the substantial content published by them.
The most common technique that is being implemented by the majority of free app owners is to provide a free app trial period followed by charging the users who want to continue charging the subscription fee.
The aforementioned monetization strategy is widely used in cloud services, online audio /video streaming, and online news portals.
This is another innovative approach. The owner can sell merchandise in their free app.
Plentiful of e-commerce businesses opt for building the apps to sell goods such as toys, shirts, etc. They can use the app for selling the products by implementing the standards of email marketing.
So as to encourage the versatile categories of app publishers to adopt this monetization strategy, recently, Amazon has announced a service popularly called as Merch that permits the app publishers to showcase their work and promote them in the right way.
In-app purchases are the one that is made directly from the apps. The In-app purchases are deployed for accessing the advanced and powerful features for making the users’ interaction much swifter and empowered.
In simple words, in-app purchases help the app owners to sell their virtual items in an easy way.
As per the Forbes, apps that are loaded with the capacity of in-app purchases make the most of the money for the app owners. The trend is expected to dominate in the coming years as well.
Both the UK agencies and the other third-party advertisers are now getting keen on investing their maximum portion of advertising amount on the In-app ads. Reason being, both of help in acquiring the maximum engagement, thus can be said as the highly effective approach for making money.
Related Blog: Major Benefits of Enterprise Application Integration
As per a mobile application development company, freemium upsell can be defined as the process where the users can download the apps for free but are required to pay for the additional or the premium features. Such typed of features and other android app development services can be used via the in-app purchases that have been infused.
Custom iOS development and Android app development services come will a lot of options for developing the free apps and the owners are using such types of tactics for making the money and for attracting the users.
Well, this can be also described as the finest way to monetize your apps. The app owners can charge for the transaction fees for making the digital transaction all the way possible for the users.
For instance, a mobile app can be infused with an option to sell the products to the users for which the app owners can charge the fees. The publishers can begin by charging a very low fee for every transaction that happens. Going in this way can help the owners to make a considerable amount of money without investing much.
Well, with bountiful of app monetization models the app owners can definitely make money from their free apps. In the niche of custom iOS app development, there are lots of ways that can help you to figure out the right way to make money from the iOS apps as well. The app owners can hire app developer as well for gaining substantial information about the ways via which they can make money out of their apps.
The above headers are really helpful reaping the maximum out of your app, in case they are implemented in the right way. Hire app developer in case you look for a more sophisticated solution and a digital marketer as well that can set the grounds making the money in all the correct and justified ways.