There are eight top monetization strategies that companies are using to generate money with free apps. If you are looking for an answer to the question ‘how do free apps make money?’ this part will explain the topic in all the details necessary for making the right choice.
Currently, there are 5 main types of free app advertising strategies that you can use to make money with your application:
- Banners
- Videos
- Native Ad
- Interstitial advertising
- Incentivized Ad
An average user in 2020 has 40 apps installed on their smartphone. When it comes to free vs. paid app downloads, users are hesitant about paying for an app. In fact, free apps take a whopping 96.4% of all app downloads on Google Play. If you release a free application, it automatically increases the chances that users will notice it. When we look at app stores, we can clearly see that users are more likely to spend more money on mobile games.
Over 25% of iOS developers and 16% of Android developers earn over $5,000 per month with their apps. This number should be considered as a benchmark in the app industry.
Almost 24% of apps generate up to $500,000 in revenue per month, and only 1.5% of apps can bring their owners over $500,000 every month.
You have a lot of options, even if you decide to release a free application.
Statista states that in 2019, there were three leading monetization strategies among developers:
• Subscription model - This is a very popular monetization strategy among SaaS, cloud services, audio, and video content streaming services. The subscription model entails getting payment for a weekly, monthly, quarterly, or annual use of your solutions.
• Freemium model - The Freemium model is a very popular approach to the monetization of free apps these days. You grant access to the basic features of your application for free and can provide some additional functionality or bonuses for a payment.
• Advertising model - In-app ads are very popular among developers of free apps. Depending on the app type, in app ads revenue can be accounted in thousands of dollars.
Regardless of the model you choose, first of all, make sure that your application provides value to users and helps to solve their problems.
Today, you can get a lot of answers to this question. Users are more likely to install a free app rather than a paid application.
You can combine a few monetization strategies to make even more money with your free application.
Smartphones and mobile apps have changed our everyday lives making it easier to carry out our day-to-day tasks like online shopping, flight booking, cab hiring and what not.
They play a huge role in driving customer-centric business results through the development of mobile apps.One thing that differentiates one platform to another is the budget.
Many business owners believed that Android is the most feasible option for companies with a limited budget.
As apps need to be launched on the relevant app store to reach out to a larger customer base, one needs to register on the Play Store for Android apps and Apple App Store for iOS apps.
However, there is a huge difference in the way both the app stores charge you.
Since the payment is made only after app installation, CPI never targets the ratio of how many people view the advertisement of the app.
When we’re writing this blog, less than two weeks are left to Apple’s big September event.
The Cupertino Company is all set to launch much awaited iPhone 11 or iPhone XS along with announcing the release date of iOS 12.
This event can lead the iOS app development services to the new avenue by bringing innovative trends in the process.
Here, we highlight the few tips that can take the iOS app development services to the next level.
Whether you are offering the iOS app development in USA or India, the advent of the new iPhone and iOS version will impact your development process a lot.
We will discuss this impact as well to enable you to make the most compatible apps for the latest iPhone and iOS version.Important iOS App Development Tips for Coming TimeIoT will gain importanceCisco has predicted that we would have over 50 billion connected devices by 2020.
“Meet new technology with rapid income” Gamification is that the approach of taking one thing that already exists - AN enterprise application, a website, a web community etc.
Games vs. Gamification:When the user pick up gamification they think about games suitable for a profitable business.
It is concerning amplifying the result of an existing, core experience by applying the motivational techniques this make games so engaging.
Competitive differentiator:Last 9 years, gamification has grown and continues to do so.
It is an effective motivation strategy and yet, it is also a way to obtain.
Technology research company Gartner has even expected that by the end of 2014, over 70% of the Global 2000 will have at least one gamified app in place.
Augmented reality is a technology that allows you to supplement the physical world with digital (virtual) information in a real-time format.
add virtual objects to the actual situation, which opens up new business opportunities (and not only).To do this, you can use any gadget equipped with a camera, or a specialized device.For more information about augmented reality app development read on the main resource.
