A free mobile app can be monetized in several ways. These ways can potentially increase the downloads of your app as compared to putting a price on the download of an app.
Following are the features that you can add that can monetize the free app you may or may have invested in SandyApps Mobile App Development Services.
You can provide various features in your app. Basic ones can be free while the advanced features can be put a price on. Observed majorly in gaming apps where the player is tempted to buy features that can potentially improve his or her game skills. Also, such options are pretty popular in music apps, utility apps, and various other types. These apps are known as premiums. There is another kind of app that is monetized by in-app payment feature in which you have access to basic features of the app but for more professional features, you need to buy the paid version. One of such apps is Light-room for photo editing.
Android App Development Services, as well as iOS App Development Services, also offer automated subscription renewal option on in-app purchases. Such subscriptions are limited to a certain period of time and after that, they need to be paid for again.
Just like traditional advertising, in-app advertisements come in various sizes and positions on the app interface. These are based on conventional advertising models and are carried out by mobile ad networks.
This ad income depends on the growth and size of your user base. If your app has very little users, the ads may not bring you a lot of money. So, firstly you should develop your app to the point where it has a large user base. Various analytical metrics are available that can be used to track the performance of your app, e.g. conversion rates
You need to know your market too. Analyze your competitors and research on what are the best practices in the segment you’re targeting with your app. Stay aware of your customers and their needs. Take feedback, communicate with them, post discounts etc. Just have your objective clear.
SandyApps is a top notch Mobile Apps Design and Development Company, that have Business Professionals and Hardcore Developers devoted to brought technology to the edge. Our expertise replicates from the quality of work that we deliver through hard work team of professionals who ensure complete client satisfaction.