Anyone wondering how to make money from apps knew that either they would have to understand programming and the different types of languages and settings, or they would have to hire a developer specifically to get their idea off the ground. That had huge costs. A freelance programmer could charge between $ 13 and $ 50 or more per hour. That way it’s hard to get your idea off the ground and bring the financial return you need, right? Not to mention the time of development, testing and adaptation. Anyone who is not used to this process can be very frustrated and leave the project. With the smart app development company you can expect the best now.
But calm down. Not everything is lost. Nowadays this is all much simpler. Now you can find online application building platforms that make this whole process a lot more uncomplicated. If you already have a business or want to start your own app design business, here are some tips on making money from apps.
Sell your app in a download store
This is probably the first option that goes into the mind of anyone who wants to know how to make money from apps. It works great if you have an innovative idea or high-quality content, allowing you to charge for downloading your app. To do this, simply whip out your project and distribute it through download stores like Google Play and the Apple Store.
For example, a person who buys cookbooks often won’t mind paying for an app that has good recipes, shopping lists, and video instructions. For this strategy to work, you need to invest not only in the app but in promoting it as well. The more people who know about your app, the more people can download it and the more money you make.
How much are people willing to pay for your app?
Setting a price too low may not be enough to cover development costs. And setting a price too high can scare users. So think carefully about your pricing. It is extremely important that you consider the division of revenue among all parts of the distribution.
Offer products and services through your app
Instead of selling your app you can sell things through it. If you wanted to know how to make money with apps, you probably had this idea in mind. For example, if you offer some kind of service and product, you can make them available through your app. Restaurants can offer delivery services, clothing stores can take orders, taxis can take race orders and so on.
Another very common business model is Freemium. It was born from the junction of the terms free and premium and is based on the offer of free service but if someone wants additional features, they need to pay for them. Some examples of apps with this business model are Spotify, Tinder, and Skype.
Before choosing this model, remember that you need to offer a minimally functional version of the app so that it encourages the user to purchase additional functionality or purchase the full version. Missing features should not be essential but should be worthwhile and add value to the product. In this case, what matters is that the user has the feeling that he is receiving something that makes up for the investment.