The mobile application development services industry comes along with a huge potential to earn millions of dollars. However, not every app earns an equal share of Android and iOS market revenue.
In spite of following the same mobile application development process to make money with android/ios app, not every developer is enjoying the fortune of getting billions of dollars being transferred to their accounts. This is making startups and developers who are yet to enter the mobile industry, encounter questions like, “ How do apps make money?”, “how do you make money from an app?” – Questions we will tackle in this article.
But before we dig out answers to these questions, let me share one thing – There are over 4.83 million apps to download on both Apple App Store and Google Play Store, and many more are expected to enter the domain. Meaning, there’s a tough competition in the marketplace for earning from apps.
In such a scenario, one thing that can prevent your app idea sink like Titanic is focusing on the right considerations before building an application.
Prior to choosing any of the monetization models, you need to understand the type of your application.
What and how your application tackles any issue?
You can take help of an android app development company to assist you through the entire journey.
When focusing on how do apps make money, the app purpose plays a pivotal role. A detailed understanding of what problem you are targeting, what software development services your app will offer, what could be the probable impact on the market, and how the app will be useful in serving the customers and their needs.
When you have a reasonable thought regarding the purpose, you will actually want to choose the correct monetization strategy for your application on the app store. For instance, subscription models for service and content applications.