Mobile apps are one of the most popular and easiest ways to make money with little or no startup capital. Free mobile apps earn money from one of the following eight most popular monetization methods: Pay Per Click (PPC), Content Marketing, Commission Junction, Google Ads, Affiliate Program, Mobile Commerce, CPA Networks, Mobile Application Development, and Mobile Widgets.
You can also earn money by promoting other companies’ products and services on your app. You can do this through apps like- Widget Commercials, which shows off new widgets you can integrate into your app, such as currency converters, weather reports, and so on. Here’s a tip: if you’re an iPhone app developer, you can leverage the large pool of iPhone app testers to make your app extra popular and quickly get it in the list of available apps for sale!
Promoting Other People’s Products and Services
How to make money with mobile apps by promoting other people’s products and services?
Great example: if you’re an affiliate marketing company, you can promote other people’s products on your app. Once someone downloads your app and opens it, you can pay them a commission to send them to their favorite online store.
Another great example: if you are a CPA Network member, you can install an option on your website that will let customers who visit CPA Networks sites to click on a link to receive a free gift. These are just a few of the ideas available to app developers who want to monetize their apps.
Make Money with Mobile App Installs
How to make money with mobile app installs by providing a great example of high-quality content for users to enjoy?
It’s actually really simple: give away free apps for a limited period of time, and then give it away free again as soon as you’re able to again!
Great example: if you have millions of subscribers, you can have a special offer available only to subscribers for a certain number of weeks. Or, if you want to attract a new set of customers this holiday season, offer them a two-for-one deal. You can see how easily giving away free apps for a limited period of time creates a wonderful viral effect.
Offering Premium Functionality For Free
How to make money with mobile app revenue by offering premium functionality for free?
Well, it’s actually quite simple. Instead of selling premium apps as you would normally do, sell them as add-ons to your subscription service.
This works well because subscribers tend to value add-ons more than they do subscriptions, so offering premium functionality as a free app is a sure way to get more subscribers.
In the new age of mobile apps, we’ve seen some pretty crazy premium functionality offered as free apps, like the ability to watch TV on your phone or view your bank balance every time you look at your phone!
So now you can capture your subscribers’ attention with a free app that offers premium services.
Let’s take a look at a few examples of how to make money with mobile app revenue via banner ads. One popular method is the so-called “hamburger” banner ad. A hamburger is a French term, referring to the long, rectangular shape used to attract customers’ attention.
You can create these ads in many ways. For example, you can create an image with a video component or write an article with a link to your video ad.
Google has the best tools for testing which formats generate the most revenue. This will help you select the most effective mobile apps for your business.
Make Money with Subscriptions
Mobile apps that offer subscriptions are another way to increase your company’s revenue. These apps need to function as subscription stores; therefore, the subscription model needs to be integrated well. For subscription apps, it’s easiest to build subscriptions from existing websites. However, if you’re trying to build an actual store, you need to make sure the subscription model works.
The sponsorship model makes it easy to find and acquire new clients. The sponsorship model offers a pay-per-performance model. Advertisers pay a fixed amount per action, such as signing up for a newsletter.
I hope you got plenty of creative ideas to make money with mobile app development. Have any bright ideas? Let me know in the comments below!
Or if you have any doubts you want to be answered, ask them as well. I’ll be happy to help!