Nowadays, money-making is the most significant thing in every part to lead a prestigious life.
Everyone is using mobile phones and among them, most of them do not know that they can earn money while sitting at their home and spending time on their Smartphone.
Tips to Earn Money from Mobile Apps
There are three types of in-app purchases:
- Consumable– Consumables are goods that a user can use only once: for example, virtual money or health points. Such in-app purchases are generally used in mobile games.
- Non-consumable– Non-consumables are featuring that users purchase for permanent use: for example, added functions or adblocking.
- Subscriptions– Your mobile application may offer subscriptions that unlock some content or functions for a certain time. Subscriptions can be either non-renewing or automatically renewing.
There are some ways to display ads on your mobile app:
Banners: Banner ads generally appear at the top or bottom of a screen and have some text and pictures. Banners have low click-through rates (CTR) and deeply depend on brand recognition.
Native Ads Native ads are combined to appear as a usual element in the app. Most of the times, it is displayed to promote a product or a mobile app.
Interstitial ads: These types of ads are presented usually between the actions or the pause between game levels. Interstitial ads cover the full screen of their crowd app.
Video ads: These ads are shown automatically and commonly used as a payment video in exchange for some in-app reward.
Subscriptions can be a pretty useful monetization strategy
Sponsorship in your application can be a prevailing app monetization strategy if the app publisher creates the right niche app for a targeted audience and promotion it on behalf of another company.
Email marketing has constantly been and still is an influential money-making or earn money strategy. You can leverage this method and request the users of your mobile app to offer their emails and, later, send them messages.
With so many app monetization methods to make money from apps, it is important to note that each method has its benefits and drawbacks. However, trying out these strategies and analyzing what contestants are doing is a good starting point
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