Want to Earn Money From Mobile App Development? Here To-Do-List

Do you think your next mobile app development will be a hit, just like the Instagram? Or WhatsApp? You don’t know. Right!  Development of an app is only a first stage. The real work starts after its development and that is app monetization. Every business’s motive is to derive money out of it. But, unfortunately, making money is the biggest challenge that you would face. To fulfil the dream to run a successful business, you have to come with different app development idea whether it is for Android or iOS.

Do you know the total number of smartphone users will reach 2.5 billion in 2019 which means 0.5 billion will increase? 36 % worldwide population has opted for the smartphone in 2018.
In the year 2017, 197 billion apps were downloaded alone worldwide and on an average of more than 30 thousand new mobile apps were submitted to the iTunes app store per month. So, isn’t an alarming opportunity for businesses to invest in Android mobile apps or iPhone apps development?

3 points that you should look to generate more revenue.

 

Beneficial Business idea

Most of the business who are starting or planning to start will have one” big idea” for their business. But, does your idea is that good? There are 197 billion apps downloaded worldwide. Very few apps become that capable to generate high revenue for their firm. By 2020, mobile app development will generate 189 billion U.S dollars in revenue through app stores. Do you know what is stopping your app to success? To wear the shoe of success, you need to know what is the demand for your app. To not fall into the category of failures, you have to offer something which is valuable for them or it should have that much capability that it can turn it into a trend just like Facebook.
The success of the app depends on the numbers of users are using it and how much time they are spending on it. Australians love apps they use 36 mobile apps per month and 10 different apps on a daily routine basis. They spend almost 20 minutes on their favourite app. So, grab a beneficial yet demanding business app idea.

Free or paid App?

The second most difficult question comes into the scenario is the selection of the type of app i.e whether it should be a free app or a paid app. Mobile apps come in 2 version that is free and paid. The user has to pay first to use the premium version of the apps which offers the full feature.
To have a successful app is everyone’s wish. Free or paid may be your choice. But, if you choose paid apps, there are higher possibilities that you will get higher revenue only If you have a large number of followers and customers. Then it might work for you. If you are a beginner then drop the idea. Today, mobile marketing has come up as a boon for small businesses for creating loyal customers.
Even if you have a great review, people are less likely to purchase the paid app if they are using it for earning points or discounts as they want to save money.  They can look for another app which is free and can give the same features. So, to generate more revenue you can try free apps, as free apps are also generating higher revenues. You can take the example of Facebook or Angry Birds.  

 

Regular Updation

As we have said development is only a first stage, you need to work after that too. Updating your app on a monthly basis or quarterly show the effort of improvements to your app. Regular updates improve the customers experience hence increased in the numbers of users.
Regular updating your app leave an impression that you are willing to create a user experience better with your app and you listen to their complaints and request. Providing updates and trending features to users attracts more users and if your app is getting more download means more revenue.
Here we have provided you with an example of Angry Bird a game app, which shows you all 3 points. Have a look.

Angry Birds, a free gaming app has 2.5 billion downloads. The company has earned revenue from the advertising bar on it along with huge numbers of followers. According to The Guardian, in the year 2013, revenue was €156m comparatively more than in 2012 €152.2m. In the year 2011, 300 million minutes of the game played by the lovers of Angry Bird daily. The developers of the Angry Bird have developed an app which engages and attracts more users and compelled users to use it happily. They regularly update the apps for better users experience and they have also released free versions of the updated app. It has emerged as a brand name. Now, it is not just an app but, a brand name, which is rejuvenating the users, from youngsters to elders. Cheers to Angry Bird.
Here we have provided you 3 main points, that you need to give more attention and rest of depending on you how you attract your users. We have provided you figures how beneficial to have a great app development idea. To know more detailed information on how to make more money using app development you can contact Envertis, iPhone app development firms in Sydney. Follow us on Facebook for more information.