Thursday, February 6, 2014

How to Make Money from Mobile Applications

A few years ago, the concept of application was developed. But with the outburst of smart phones in the market, the applications business has also transformed itself into a multi million dollars industry. Each day a new application is developed and used. People are real liking the way apps are helping them with day to day work. You can locate places, find your favorite hangout places, shop, pay bills and do what not with apps.

After reading one of the post on Jobs8Home, I got this idea that tehre are many app developres who can fully utilize how they can earn from their apps. Here are a few ways by which the app developers can make money:

  • Charge per each download

It is a very obvious way of earning money. It is also the easiest way of making money from any application. But with the growing competition, you need to bring in unique applications which people might be interested in getting by paying something.

  • Create a fermium application

In most of the application stores, the products are either paid or free. In the real world, there is another category also which may be placed in between these two. Many of the applications can be downloaded for free but their up gradation requires money. The users need to pay for unlocking the full version. Generally, less than five percent of the application crowd pays for upgrading the full version.

  • Advertisements

This is another simple way of getting paid for your applications. But it requires a lot of hard work to find advertisers who would be willing to advertise on your apps. Also, people advertise only on apps which are popular and are liked by people. Only then their advertisements would be of some use. 

  • Find some sponsors

     Many of the non gaming applications do not land themselves properly to the model of freemium. Instead, they suit better foe being monetizing with the help of advertisements. In case you decide to elect for giving your application for free of cost, there are still opportunities on which you might rely on the users for engaging with the advertisements which may bring them revenue.

  • The promotional services

There is a very strong co-relation in the popularity of your applications and revenue they bring. Irrespective of the method you wish to choose for monetizing your application, more downloads would be able to equate more crowd.
If you are not being backed by some great company, then you will have to rely totally upon your marketing campaigns. 

  • The split testing tools

The mobile application developers make use of the Split testing techniques across the production as well as marketing. Some of the potential tools are optimize, arise.io, heatma.ps, optimum, pathmapp, etc.
If you don’t have knowledge on how to develop an application, then you should contact some of the top applicaton development companies like these & ask them to create a good apps that you can monetize but you need to consider various factors before you move.
These are some of the ways with which you can earn handsome money from your application. The world and industry of applications is huge and ever growing having plenty of opportunities for you and your business. You just need to know how to tap those opportunities in the best possible way, in favor of your business.

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