How do you make money with a custom app?
- Anirudh Mantha
- Jun 27, 2019
- 1 min read
Updated: Jun 27, 2019
From a general perspective, there are three ways to make money.
Subscriptions: For free apps with restricted content or features, the user may pay a subscription fee to gain full access and unlock it.
Sponsorship: In-app sponsorship placement can be a powerful app monetization model if the provider creates the right niche app for the right customers and starts on behalf of another company.
In-App Purchases: In-app purchases offer the ability to sell a variety of virtual goods directly from your app, including additional bonuses, premium content, game currency, and unlocking items or game levels.
Freemium: Freemium apps are provided for free but have no paid or premium features, accessible through in-app purchases.
Physical purchases: E-commerce businesses use free apps to sell physical goods or branded merchandise.
Collecting and selling data: Some companies that offer free mobile apps sell their databases to third parties. Information may include the user's email address, social media accounts, and personal preferences.
Ads: It's easy to use advertisements to make money on the app; you need to display ads on your mobile apps and make money from ad networks.
FuGenx Technologies - Converting Your Ideas into creative Mobile apps
Comments