Best Ways To Effectively Monetize Your Mobile App

Making money through a mobile app is not easy as we think. It demands well-crafted monetization strategy to find a suitable monetization model or a combination to extract the maximum out of your investment in app development.

Planning App Monetization Strategy

Planning of app monetization strategy demands consideration of following things:

• Target audience study
• Study of competitors
• Developing a high-quality app

These three things can help you to select appropriate monetization model for you.

Selection of Paid Vs. Free Models

There are many app monetization models prevailing in the market, and we can segregate those into two main categories, paid and free models. Many app developers lean on one of them while many go for a combination of both in suitable ways. We can list those models in following ways.

Paid Models:

Users have to pay a fixed amount and download the app. It assures streamed revenues and enables strategists to predict the return.

Subscription Model:

Tiered subscription plans help users to select the suitable one and offer repetitive business opportunities.

Freemium Model:

Everyone loves something available free of charge. Hence, the freemium model is favorite for most of the app users.

Considering the fact, app monetization strategies have mixed up some other form of revenue generating schemes into the freemium model and created following combinations.”

• In-app purchase model
• In-app ads models
• Sponsorship or partnership model

If you are interested in details, my blog “Tips for App Developers to Monetize Mobile Applications to Make Money” on SysBunny can give you good insights to ease your app monetization model selection process and bring a decent return on your investment in app development.