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By Pradeep Makhija
As everybody knows the new free apps trend has increased rapidly in last few years. In 2020 it will break all the records.
Most of the people often ask a common question that – how much money do apps make. How do free apps make money? Ever thought how to make money from mobile apps?
Even though the percentage of paid app revenues has decreased to 37.8 % from 75.9%, the mobile app market is still worth billions of dollars.
In fact, here’s an interesting graph that shows the difference between a number of paid apps downloads vs. free apps downloads:
The experts also predict that, between 2016-2020, global app revenue will double!
Techcrunch also says that more than 90 percent of apps on the market now are free. And, the revenues generated from apps that charge for download (paid apps) are expected to go down in upcoming years.
So, if you’ve decided to develop mobile apps to make money and wondering how to create an app and how to make money off an app, then in this article, you will learn about the most popular and proved mobile app monetization strategies to make money with apps.
App Monetization Options
According to Statistica, in 2015 these were the most popular app monetization methods used by top app publishers.
3) Selling Merchandise
4) In-App Purchases
6) Referral Marketing
7) Collecting and Selling Data
8) Freemium Upsell
9) Physical Purchases
10) Transaction Fees
This are the top monetization option, to read in details please read this blog, How do free apps make money?
Hey, I've two years of experience in fashion designing.I'm a fashion and apparel designing enthusiast. I started my career as an associate fashion designer at Outdoor outfits, Cambridge. Later, I resigned from my job and joined a startup called Label, where I played almost every job role and learned a lot(I've been there for more than a year).
I always aspired to start my own company and currently, I'm seriously considering it.
Honestly speaking, I don't have any savings! Fortunately, I have received an optimal amount from my family asset(actually it isn't an asset, but the source is somewhat connected to my family and unfortunately I can't reveal it).
I know it would not be a good idea to start a new business when you are in debt. I have credit card debt. Also, I have to pay for my home and car monthly. I'm considering the debt consolidation procedure with the help of a nearby agency. Discussions are still going on, so after settling my debts, I'll be starting my own dream boutique.
I can only afford an opening cost up to $45000, I can't afford any risks or losses in this!
I've been reading threads on this board for so long and as a prospective operator, I'd like to hear about the failure stories and the tips to avoid it.
What went inaccurate or what were the errors which failed in the business?
Don't mistake me as a negative person, I have seen my father struggling from a business loss and I don't want to repeat the history.
I hope you guys will read this. Thanks in advance for your attention and replies(if any).
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