5 Secret Ways That Can Help You To Make Money With Apps
The app stores are FULL of apps that cost exactly $0 to download. In fact, over 90% of apps are free according to TechCrunch!But just because building apps are free doesn’t mean they can’t make money. Obviously free apps have huge revenue potential. So how do free apps make money? To do that we’ve included successful examples of each one to make money with apps.
Let’s get straight into the list of make money with your mobile app! You can generate extra money with apps.
Some Popular Apps That Can Help You Make Money
1. Uber
For those who have some free time on your hands and a car, the Uber app could help them make some extra money. You need above all a valid license, proof of residency in the state who want to drive in, and a thorough background check to work for Uber. And the best part of this concert is that you get to choose the hours you work.
2. Airbnb
If you have a room in your home which is not being used, you can rent it out with Airbnb. All you have to do is manage reservations and guests have your house clean and ready when visitors arrive.
3. Google Opinion Rewards
If you have an opinion, google will pay you for it. It’s a good idea for app revenue. People are always looking for free money. You can earn up to a dollar for every survey you take, most of which takes only 20 seconds to complete and will appear in your account once a week. Just share your thoughts on things like hotels, products or local retailers. In iOS, users are paid through their PayPal accounts while users of Google Play Android earn credits that can be redeemed in the Google Play store.
All Questions Answered In Terms Of Make Money With Apps
1. How Much Money Can App Earn?
There is a lot of money on applications. Billions of dollars. But most wins by a certain type of application; many others do not make any money at all.
It is very difficult to put a single figure about how much income can I generate an application due to the wide range of applications and the disparity of money they produce.
For example,
the top 200 applications generate an average of $ 82,500 per day.
the 800 best applications generate about $ 3,500.
Apps for playing games also make around $ 22,250,
while entertainment applications make $ 3,090 a day
The mobile app for the phone market has grown considerably in recent years and industry experts predict continued growth.
In 2018, mobile traffic accounted for 52.2% of total web traffic in the United States, and 3.6 hours adults spend digital media consumption occurred in smartphones, with desktops, laptops and other devices connected with difficulties to keep up. You can have more people downloading the app. Gaming apps are highly popular.
2. Which Platforms Help Make The Money?
As an app developer first, you need to decide which platform (s) you want to design your application. This can greatly affect your earning potential due to differences in market penetration and popularity of the platform.
In the world of applications, developers are in high demand and are compensated accordingly for their app ideas.
Android platform is leading with an average salary of $ 97.6K among developers.
Android is well regarded because of its continuous market penetration platform. Apple iOS platform is no slouch — midlevel. iOS developers earn about $ 96.6K per year.
It is worth noting that both Android and iOS are “top-heavy” in terms of profits, with much of the total income received by those developers. Some of the younger developer's market applications have begun recruiting marketers of mobile applications to help them close the gap. People earn points and expect a loyalty card.
3. How Much Do Subscription Apps Make?
For free mobile applications with restricted content or features available for a limited time, you can pay a subscription fee for full access and unlock it. As an app builder, you should know it.
This type of income is often used for cloud services, video and audio streaming, online newspapers or magazines. The developer can provide users with a free trial period and charge the subscription fee for unrestricted access.
According to the report sweet prices, only 5% of the most successful applications are using subscriptions, making it one of the monetization models used smaller among developers.
Google and Apple offer an ability to manage operations subscriptions through their platforms, making it easier for developers to implement it.
Apple has 30% for the first year of any subscription, and then 15% after one year of service. Google has better conditions, taking 15% of subscription revenue, even during the first year.
4. Apps Are Not Just For Mobile Phones
Applications have diversified from the cell platform as more integrated intelligent devices have entered the market. Smart TVs are a staple in over 70 million homes in the United States.
The most popular applications used on smart TVs are those that are appropriate for the environment and already has a very large user base existing like Netflix and Hulu.
The ownership of smart devices like Alexa and Google Home is predicted to soar to 125.65 million by 2020, with steady growth.
If it makes sense on the platform, it pays to have Smart TV and home devices into account when designing your application.
The supply expansion platform not only increases the exposure of your application but also opens up new revenue streams.
How Can You Make Money With Apps
1. Sponsorships
As with websites, you can make good money by getting individuals, companies or brands to sponsor their applications.
This was an under-utilized app monetization method until fairly recently, but it’s starting to take off.
Basically, the idea is to build a niche application to make money with your mobile application with a specific target audience.
Below you will find a person or company that has a similar target audience and makes a deal for them to sponsor the application.
Here are some examples of successful sponsorship arrangements:
Subway sponsored the PrePlay football game app to engage with fans during Super Bown XLVI.
Metro wanted to get in front of the Preplay audience and this is a perfect way to do it.
Subway brand is offered through the application and the metro was also mentioned during videos within the application.
2. Subscriptions
The subscription model is as follows:
— The application can be downloaded for free
— There may be some free content available on the application, but not always. It is completely up to the developer.
— You must pay a recurring subscription fee to unlock the entire contents of the application.
Subscription models work well in mobile applications that regularly have new and fresh content added to them.
Thinking about news mobile apps or applications with video or audio-only. Mobile app subscriptions can be brought using a credit card. Other wallets such as PayPal, etc can be used.
Example :
Some of the applications most talked about and most successful in recent times have been the Kardashian / Jenner application series.
Basically a lot of the Kardashian / Jenner launched their own applications with makeup tips, fashion tips, videos, etc.
They monetized the apps by having a $2.99 / month subscription fee.
Users must subscribe to access any content within the application.
3. Marketing Email
Like the web, e-mail marketing works by collecting the email addresses and marketing it offers people via email.
Mobile applications offer a new opportunity to collect email addresses of people who are interested in your product or service.
Although email marketing is one of the most effective marketing strategies on the Internet, it remains largely underused in the mobile space.
Most of the big players are taking advantage of, but not something that most small developers are looking for yet.
Example of email marketing in action:
Check out what 1App did with in-app email collection. This app belongs to the creator of LeadLayer, and he managed to collect over 40,000 email addresses from the app.
4. The ‘Freemium Upsell’
The model ‘freemium’ is one of the most common ways for free apps to make money. We’re sure you’ve seen it in use plenty of times before.
freemium apps are free to download but contain shopping in the (IAP) application. When I say ‘Freemium Upsell’ I mean applications that offer limited functionality free with the option to unlock the full functionality with IAP. You can also shop online.
The general idea is that a user can download and use an application for free. If they like it and want more from the application, they have the option to spend money to get it.
5. Merchandise For Sale
One of the first major applications to use branded merchandise as a method of monetization was Angry Birds of Rovio.
You can buy all kinds of goods including Angry Birds toys, clothing and more.
The basic principle here is to take your brand or product and creating physical assets to sell to her.
These physical assets can be sold within the application, and can also be sold through marketing by email if you are collecting email addresses of users. If you have no application then hire mobile application developers and start your profit now.
Read Also: How Much Does It Cost to Create a Shopping App Like Etsy?
Wrapped Up :
Which of these ways to make money with your mobile app interests you the most? Are you planning on trying any of them in your own apps? Thinking of getting your own app developed?
We have an expert team of developers that can help you get your app developed. Our team of developers always strive to give you nothing but the best. Let us know what you think about getting your own app developed. Contact Us Today!