It is a known fact that a
business cannot survive in a long run if a business owner or entrepreneur aren’t
earning certain income from their revenue generating module. Not to mention, if
a business will have a sloppy income earning strategy then it’s nearly possible
such business will start to fade slowly and might ultimately cease to exist.
Sometimes, only focusing on generated revenue without investing in proper strategy
to expand the business growth can be a risky approach for your revenue
generating module because many business experts believes that investing and
expanding is more profitable than only earning and saving.
Many business owners and entrepreneur
prefers to approach for smart ways to monetize from their business or brand and
this is where mobile app monetization is their best bet to invest. In recent
years, mobile app monetization has grown enormous admiration and most business
owners turning their mobile apps into a monetization generating solution.
BUT! Not every mobile app
monetization plan can become successful overnight but might become a chaos if
proper strategies aren’t used. Remember! Doing mobile app monetization isn’t a
piece of cake because it requires a complete carefulness and endurance to form
a creative and effective mobile app monetization tactic.
FOLLOWING ARE SOME OF THE SMART WAYS FOR EFFECTIVE MOBILE APP MONETIZATION:
1. Adverts in App
Showing relevant adverts within
the app is a modest and prominent method and it’s mostly recommended by mobile app developers. In this method, mobile app monetization abandons the pay-to-use
burden by making the app free to download and generate revenue thru ads.
Although, this strategy allows the app developers to show relevant adverts in
order to monetize from the app.
2. Freemium Features
This is one of the famous methods
for app monetization. Your app users can have the feasibility to download your
app for free but with only selected options and features. In order for users to
avail premium features, they will require to pay for it. This method can allow
your app users for a quick insight and preview of your business or brand
offered in the freemium features.
3. Premium Features
This is one of the critical methods
for mobile app monetization because sometimes it can be difficult to attract a
customer to download your app only after paying for a certain download fee. However,
such methods can be widely approached if only your mobile app have exclusivity
for certain premium features and this could only be possible if the your mobile
app will have definite five stars feedback of users on your app. Sometimes, premium
app downloads might limits your users to a lower cap but can result in an
absolute revenue generation.
Also check: 5 IMPORTANT FEATURES FOR A RETAIL BUSINESS APP - A COMPLETE GUIDE!
Also check: 5 IMPORTANT FEATURES FOR A RETAIL BUSINESS APP - A COMPLETE GUIDE!
4. Partnership with Advertisers
This method is gaining popularity
so rapidly that it becomes a trend for most of the mobile app developers to
earn monetization by partnering with advertisers. In this method, the app users
are offered certain tasks such as downloading a sponsored item within the app and
on the completion of these tasks; the business owners makes an extra bit of app
monetization incentive.
5. Purchase System
The purchasing system within the app
is an eminence method as compared to other app monetization strategies. By
using this method, you can offer purchasing of simulated or actual products to your
users in order to monetize from your app. Sometimes, this can become a tricky
job because your app theme and your purchase offers must be synched together,
otherwise irrelevant purchase items or schemes can distract your users which
might affect your overall app ratings and performance on the app store.
6. Additional Content System
You can also use a subscription
based system to provide your users additional content and app purchase offers.
However, this system will more precisely focus on value added services rather
app features but nevertheless; this method can be a resourceful strategy to
increase your brand or business value among your customers. This method might produce
regular app monetization and such method is generally suitable for media and
showbiz based businesses.
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