A few years ago, the biggest hurdle that caused some talented IT professionals to
take a step back in app development was the possibility of profit. Obviously,
some thought that a paid application was the only way to earn money for app
owners. But the situation totally changed. You can generate revenue by free
apps, not only by paid ones.
Some
mobile applications earn billions of dollars for their owners, but some other
applications earn very few or even nothing at all. Before an application turns
into a money-making resource, proper groundwork is necessary. Some newcomer
developers are incapable to make substantial profits because they are signs of
common unexpected mistakes that may involve lack of proper analysis and
application objectives. It is necessary to investigate the industry completely
before diving in. Working properly can earn money from an application. So it
attracts both young and experienced businesspeople. Apps for smartphones bring
sustainable income.
Here
are a few factors for answering the question “how much money can you earn from
an application?
1.
Choice of App Development Platform
Everyone
knows that Android and iOS are the two most popular platforms which are going
to use to develop mobile apps today. You can also choose ios app development or Android app development
or both. But if we speak about the platform that gives far better scope for
income generation, then it’s going to be sure iOS.
According
to one of the studies, 25% of iOS app developers make $5000 per month, while
only 16% of Android app developers are able to earn $5000 per month. However,
you cannot dispute the fact that Android OS enjoys the assistance of more users
and also controls the mobile app market with extra apps than Apple.
Also,
the choice of the platform has to be done according to the demand of your
target audience. For instance, if you see that the product you are selling via
your app has more of android users, you can opt for that platform first. But
you should also remember that iOS users utilize smartphones more for shopping
than Android.
If
you want to gain profits from the mobile application you have to do proper
research. It will provide clear information about the market and you can easily
find a way to earn money from apps
2.
Types of Monetization Strategy
There
are different ways that you can earn money from your application. Different
applications will follow or incorporate those methods for earning money. So it
reveals the money that anyone can earn from the mobile application.
1.
In-App Purchases
In
the in-app purchases, you normally sell your products and services to the
customers to make the profit. However, it can be a bit difficult as it also
includes marketing, pricing and shipping of the item. Therefore, you have to
understand that you are still on the profitable side after all the other jobs
such as logistics, labour and packaging are finished.
A practical example of in-app purchase is the gaming apps that are most
uncertain. Although it can be downloaded and played free of cost, the users
earn the coins in the game, which is utilized to buy products and enhances the
gameplay.
2.
Advertisements
You
can also earn money via advertisements. However, you have to spend time and do
proper research before you can start to make money applying this method. You
can arrange your ads with the popular products and services that users often
demand in the market. You can create ads in different formats. It may be
banner, native, interstitial, Video and etc ads.
3.
Subscription
Almost
everyone has heard about the word subscription. It is a charge or fee that the
user has to pay monthly, quarterly, yearly for getting the services of the
provider. The monthly or annual subscriptions are normally that users regularly
pay for the services. In exchange, subscription apps must strive to maintain
their customers by proceeding to offer new and incentivizing features.
Subscription-based apps have become more popular and widespread in recent
years.
Conclusion
If
you want to earn money by developing your own app, you must concentrate on
building a professional-quality application. Users always prefer an app without
errors. Hire the top app development company in Saudi Arabia or etc countries to develop a robust application for earning money.
App development companies have a lot of experience in ios app development, android app
development or cross-platform development and etc
Fusion
informatics is the best
app development company in Dubai. We have 18 years of experience in app
development and we provide blockchain development solutions, chatbot app development,iot app development and ai solutions across the
globe. It makes us a leader in the field of app development
For
More Services Visit
App Development Company In Jordan
| mobile apps development company in Kuwait |
hybrid app development company Dubai
ios app development company Dubai
0 comments:
Post a Comment