Here are a few top ways of making money from your app. There are various ways to earn money from your mobile app that you should search for and explore. There is no perfect way or method for earning money from your app , and what will ideally work for you is completely dependent on the quality of your products and services which you are providing. A few of the earning ways require you to charge money from your customers.
When you build a mobile app by yourself, it is vital to understand what the best-suited way will be you should use to monetize your app and generate huge revenue
1. In-App Advertising
This is the most popular and easiest way to make money from your app . In this way, you just need to show advertisements on your app, and in return, you get money according to the number of clicks on the advertisement.
When you let the people put video advertisements on your app, you will get more paid as compared to the banner ad.
But you have to take one in consideration of whether your customer has had the patience to watch video ads whenever they open your app or not.
However, there is also an interesting way to earn money , which is by not showing any ads on your app.
Yes, many platforms are doing this by offering their customers an ad-free version of the mobile app which they can buy.
2. In-App Purchases
This way works by allowing customers to unlock different levels or some features by buying an upgrade.
An app owner can offer non-consumables like maps and advanced levels or consumables like the coin and other virtual currency.
Almost 50 percent of the most popular mobile apps use in-app purchases for making money.
3. Subscription
This way works on a subscription model, which is very effective and quite fair for both the app user and the developer.
Here, the app owner offers his customers access to the content without any charges. Once the user gains interest and begins to enjoy his mobile app, they will have to buy the upgraded version through a paid subscription, which will give them complete access to the app content.
Read more on:https://www.dotnek.com/Blog/Monetizing/how-to-earn-money-from-your-mobile-app
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