Making money from free apps can be quite significant, depending on your app’s popularity. Moreover, free apps make more money than the paid ones as people often play apps for time pass. You must have thought about how much a free app gives you money. Nevertheless, a free app always has a hidden advantage to the developer, and they get money in other forms. If you want to know how they earn, you are in the right place.
How Do Free Apps Make Money?
Furthermore, people think that making an app on buy will give them sufficient money, but they are wrong. Free apps give more money keeps generating it for you; moreover, it’s all about making the right strategy. Many people make money by free apps as it provides more cash and earn more than the time making an app. Here are some of the app monetization strategies if you want to start earning money through an app.
App Creating Strategies
- Understand the contest
- Advertisements and in-app purchases
- The way of refinement
- Knowledge about the users
However, if you don’t know what to do, if your app is in the air, the best option will be to make it free. All you have to do is have a better strategy and understand what a user wants.
What Are The Monetization Strategies For Free Apps?
Here are some ways that free apps earn money.
Subscriptions
Subscriptions can be a powerful strategy if you use them effectively. They can allow some free features for the users for a short time, and then after that, you charge subscription fees.
Moreover, this is a common trick of many free app creators, and they find it quite useful for making money.
Some even give a trial period for an app then switch it to fees for subscription, and this is one of the standard techniques for you to use. Furthermore, this gives the user a glimpse of your app specialty and will do a subscription for using this app. Subscriptions are a reliable source of income for you to earn.
Advertising
It’s one of the easiest and the most common technique used by almost all apps. Applying advertisements in an app is quite simple to do as it just gives commercial in your app. Moreover, you will get money from third-party ad networks. The essential part of advertising is that you will get paid when an ad displays in the app. The ad system money works on per click principle that you will earn money from each click. There are four types of ads from which you will make money. Your job will be to display it on mobile.
· In-app video ads
This ad is for rewarding something in the app. For example, in a game, you ran out of life and want to play, then this ad will give you few lives. This method is one of the popular types of ads you can use.
· Interstitial ads
will give you a full-screen ad that will pop right on the screen. Moreover, you can adjust their time for display; however, people can close with a close button on the ad. An example is when a user does his work in the app, and this ad will pop at him.
· Banner ads
This ad is displayed in different shapes and sizes, not to disturb the app or the users. You can show on top or bottom all depends on your choice.
· Rewarded Videos
This type of ad is beneficial for in-app ads. Users use this ad for replenishing their lives. Moreover, it is effortless to use for your app. People mostly click this type of ads as they will get in-app rewards.
Merchandise
You can sell your merchandise in a free app, one of the innovative ways you can earn. Much popular business makes free apps then put their merch in it and earn profits. Moreover, Amazon has a service known as Merch by Amazon that lets publishers make their artwork. They then upload it to their platform and then promote the product. Furthermore, Amazon also delivers the items and takes care of the costs.
In-App Purchases
This type of monetization lives in the app, and its procedures are quite simple to use. Moreover, purchases like this usually allow the user to access something that you can’t enter in the app—for example, a level in the game that you cannot access or some other features. Furthermore, many popular games such as angry birds improved their user experience by adding features that they can purchase directly from the app. This type of purchase is mostly in games as it allows them to access something or get currency. In-App Purchases are an exciting way to convert the non-paying game into a paying game.
Sponsorship
Sponsorships are an excellent strategy to use. However, app creators don’t commonly use this method. This monetization can help those who make the right niche that catches the right audience. Nevertheless, it will be on behalf of the other company, but it can still be handy as you will be earning money. Moreover, your sponsorship should be on the app’s topic to catch the audience related to your app. The best way to utilize this is to note down all of the organizations and brands related to your app then create it.
The Bottom Line
Many free apps earn a significant amount of money, and it will be more than the effort you put into making the app. Moreover, there are numerous monetization strategies that you can use for your free app and earn money from it. Furthermore, it is essential to analyze your competitors, and trying out these strategies will be a great starting point for you. If you are interested in “How much money do apps make per download?”, this article here is readable.
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