Tips and Tricks

How to make money from your app

how-to-make-money-from-your-app

How to make money from your app…

Nowadays we use Google Play Store to use different types of apps on smartphones. Google Play Store is a place where you can download and use any type of mobile app. But recently, Google Play Store is offering special facilities for users.

Now you too can earn money from Google Play Store. If you are an app developer, it will be very easy for you to earn money from Google Play Store. Currently, many app developers are creating different types of online courses and learning freelancing courses in Bangladesh.

We wrote today’s article for those who want to earn money through Google Play Store.

What things to keep in mind before making the app?

Purpose of the app: First of all, you need to pay attention to the type of creation of your app. The purpose of the app will be revealed if you create it with the intention of making money.

Develop the software according to customer and market needs when objectives are revealed. When your concept is clear you will have a proper purpose for your app.

Take this for example you can make a news app, you can earn money by showing ads there. You can earn money from Google Play Store by creating and selling apps for various tools such as photo editing, video editing, games, or showing ads.

User Target: In developing any app, it is necessary to have an idea about who the user is.

  • You need to build full-fledged business functions if you’re building apps for business purposes.
  • If you are creating an app to earn money, you must consider who your target audience will be.
  • What else could be their needs?
  • How much money can you earn from Google Play Store per month?

Comparison with other competitors: When you develop an app, keep an eye on the apps of nearby competitors or developers. When it comes to revenue from apps, it is important to consider the benefits that they provide to customers. Competitors must keep abreast of the latest updates of the app. 

Monetization

The main effective way of earning from the Google Play Store is through Ads (App Monetization). Basically, ad monetization is the process of making money by showing ads within apps. There are several types of ad systems, including pop-ups, and banners, through which app monetization is possible. Most “free apps” earn revenue from the Google Play Store through ads.

Developers can display ads or advertisements in different ways within the app. Banner ads are one option that does not cause any kind of problem for the user. If you want, you can offer an additional feature of the app in exchange for the ad, so that the users will want to see the ad on their own.

Developers can monetize their apps by showing ads in multiple ways. However, if they add too many ads, users may become annoyed and stop using the app. Therefore, it is important to show ads carefully and sparingly.

There are many platforms for displaying in-app ads, the most popular of which is “Google AdMob”. Being Google’s service, there is no complication in managing the ad by the app in the Play Store apps. Anyone can work on monetizing their app by applying for an “admob” account.

How to make money from your app

Buying apps from the play store is very common nowadays. If you are confident enough about your app, you can publish your app as a paid app on Play Store. But in this case, the income path is not as simple as ad monetization. If your app isn’t good, no one will want to buy it.

Besides, you can add in-app purchases but earn from the free app. In this case, app developers consider this method of earning smarter. Developers can sell features or game items in their apps to generate recurring revenue. This can be much more profitable than selling the app itself once.

For example, let’s mention PUBG Mobile as an example. The app can be downloaded for free from the Play Store, but the game has already earned more than $7 billion through in-app purchases. So, if your app or game is good enough, no one will hesitate to buy various features or items from the app for money.

subscription

“Subscription” is a very complicated way to monetize apps. Basically refers to the system of using various features of the app in return for a fixed monthly or annual fee. Netflix, Spotify, Truecolor, Amazon Prime, Disney, etc earn huge amounts of money through various app or platform subscriptions.

But remember, users regularly pay for features, so subscriptions may not sell if the features provided are not functional enough. Subscriptions have become a common way to generate income, especially in games.

Sponsorship

A lot of money can also be earned from the app through sponsorship. If your app idea is unique, getting app sponsorship should not be a problem. Many companies regularly sponsor apps with the potential for good. But in that case, it is very important that your app idea is awesome to earn from the app.

Apart from monetizing the app through sponsorship, you should think about improving the app. However, if your app idea is unique or innovative enough, you can earn it through sponsorship. 

Affiliate Marketing

Affiliate marketing can be a great way to earn money from apps. Play Store can be monetized through affiliate marketing by ads or advertising other apps, services, or products.

From Amazon to Daraz, every online platform offers affiliate marketing opportunities. Affiliate marketing can be a great way to earn money from the Google Play Store if you do it right with your app.

How do you like the ‘How to make money from your app’ post? Comment us in the comment section if you like it.

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