How Do Apps Make Money In 2017? Best 3 Strategies
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Do you have an idea for a free mobile application but you doubt whether it's worth investing?
Your doubts are quite clear: the development of a top-notch mobile app requires a lot of time typically, several months and, more importantly, money.
The vast majority of users on all continents prefer free mobile applications.
In fact, the number of free app downloads is constantly rising.
As for paid apps, Statista around 15 billion downloads this year.
The numbers speak for themselves.
Developing a free mobile app is definitely the right business strategy.
As of March 2017, there were 2.
The competition is really strong!
How many users will find your free mobile app?
How many of them will download it?
No matter how good your app is and what monetization methods you use, you may still fail to attract customers without a clear app packaging.
Potential users of your app should be able to quickly find it through search in the Google Play Store and the Apple App Store.
To make your mobile app visible and easy to find, you should provide it with an attention-grabbing name, anand screenshots.
Here are tips that will help you create a top-class app description: Choose a Clear and Catchy App Name Your mobile app should have a snappy name that reflects its major functions.
Though many applications have names that convey nothing about their functionality, your app is likely to attract a lot more users if it has a name that hints at what it does.
As you can see, the full title contains an explanation of what this app does i.
Come up With an Informative App Description The next step go here to provide your app with a meaningful and informative description.
Few people read further, so make sure to tailor this part of the app description to perfection.
Take a look at the description of Google Drive in the Google Play Store.
We recommend that you add some text to your screenshots, describing some functions of your application.
Take a look at a screenshot for the LINE app on Google Play: As you can see, this screenshot shows that the app can work on smartphones, tablets, and smartwatches.
Here are screenshots for the Uber app for iOS: Note that Uber uses verbs in their screenshot descriptions, which is the correct approach.
Verbs are the parts of speech used free app make money describe actions.
People are more likely to act i.
How to make money with free apps?
Now that you know how to package a five-star app, we can move on to explaining the strategies you can leverage to make money on free apps.
Strategy 1: In-App Purchases In-app purchases is an extremely popular strategy used by thousands of apps in both the Google Play Store and the Apple App Store.
In-app source allow users to buy something right in the app.
Consumables are products that a user can use only once: for example, virtual money or health points.
Such in-app purchases are usually used in mobile games.
Non-consumables are features that users buy for permanent use: for example, additional functions or ad blocking free app make money is how free apps make money without ads.
Your mobile application may offer subscriptions that unlock some content or functions for a certain period of time.
Subscriptions can be either non-renewing or automatically renewing.
Strategy 2: In-App Ads Ads are a driving force of the global market.
In-app ads are actually tools of affiliate marketing.
This model means that you get paid for each click on ads displayed in your mobile application.
Typically, a single click is nearly worthless, so revenue is calculated on a cost per mille basis mille is Latin for thousand.
These campaigns are usually applied to video ads.
The more times users of your app watch video ads, the higher payout you get.
With this model, you get paid whenever a user of your app installs an advertised application.
If you wish to monetize your application through ads, there are many networks to work with, such as AdMob and Flurry.
Most ad networks support apps on iOS and Android, as well as on some other mobile platforms.
Banner ads usually appear at the top or at the bottom of a screen and have some text and graphics.
Banners are considered to be relatively unobtrusive, as users are able to keep using your mobile app even if https://jackpot-money-free.website/app-money/bingo-apps-win-real-money.html banner is active.
However, banners have low click-through rates CTR and heavily depend on brand recognition users are far more likely to click if a visit web page advertises some well-known brand.
How can you reach out to the users of your mobile application, then?
Native ads are seamlessly integrated into mobile applications, making them subtle but quite efficient.
According to an by eMarketer, the CTR of video ads is 0.
Typically, video ads appear automatically when users interact with apps.
These ads take a whole screen and typically appear when users launch or close an application.
However, interstitial ads may also look like pop-ups appearing from time to time.
Rich media ads use multiple methods to reach out to users, including audio, video, text, and more.
In-app ads allow you to make money off free apps, but this monetization strategy works well only for applications with big audiences.
Strategy 3: Freemium To benefit from the freemium monetization strategy, you need a second, paid version of your application.
For example, have a look at MX Player, a popular video player available on Google Play.
This mobile app has a free version, but it contains ads: Users are offered a paid version of this app, called MX Player Pro.
Strategy 4: Sponsorship Finding a sponsor is a really lucrative monetization model.
There are two types of sponsorship deals: you can either split the revenue with your sponsor or receive a monthly sponsorship fee.
The main difficulty of sponsorship is finding a sponsor.
Needless to say, your mobile app should be good enough to be interesting to potential funders.
Strategy 5: Email Marketing Email marketing has always been and still is a powerful money-making strategy.
You can leverage this method and ask the users of your mobile app to provide their emails and, later, send them messages.
Adding a Facebook login option to your free app is a great way to subtly collect user emails.
Tips for Choosing the Best App Monetization Methods As you can see, there are many ways you can make money from free apps.
You can pick one or opt for several strategies at once.
However, there are several handy tips that will help you monetize your free app in the most effective way possible.
Consider the Business Goals of Your Free App Any application has a business goal, which means it helps its users solve their problems.
Can in-app purchases be an effective profit generating method?
Instead, you can opt for ads or offer an ad-free version with a subscription.
Or imagine that you launch an educational app.
It can offer in-app purchases, such as access to additional functions or paid tips.
Needless to say, such apps can contain ads as well.
A clear picture of your target users allows you to create an app tailored to their needs.
Though your free app may boast large download numbers, the truth is that only a small part of your users you may call them the money-spending core will actually bring you profit by clicking on ads or making in-app purchases.
Therefore, set a goal of attracting as many users as possible and do your best to succeed.
Next, find out what your competitors offer, what kind of designs they have and, more importantly, what monetization methods they use.
In the end, a better app means higher profits for you as its creator.
App creators should always remember that their apps bring profits only as long as people use them.
Your users should feel comfortable when using your app, so free app make money prudent and make all ads and offers in your app as subtle as possible.
Now that you know how free apps make money, you can give your idea a go and turn it into a real-life application.
The idea of in-app purchases is to free app make money a service to users, not matter what devices they use.
As usual, in-app purchases are linked to a user's account; if the user installs an app to a new device, he or she will still use the same account, so all the previous purchases will remain valid.
So for exmaple user buys remove ads IAP on his device.
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