There are hundreds of thousands of apps available for iOS, Android, Windows, and BlackBerry Platforms. Thousands of freelance developers and app developing company put their time, money and effort to develop apps. But only few app see the extraordinary financial benefits. What about the rest? Why not all the paid apps earn good money? Developing app is one thing and monetizing them is different? So how a hard work of developer can be monetized? There is no single answer for that but below are three secrets that will help monetizing app to a greater extent.
1. Hybrid Model Works Best
Most of the developer has this idea that there are two separate eco-systems for apps free apps and paid apps and they can choose either of them. The fact is that most of the users who will go for paid apps and users who will upgrade to paid to remove ads from their apps. Using a hybrid model has a greater potential to earn more money. A good thing would be allows users to download the apps and then monetize by showing them ads. You can also give them the option to upgrade so that they will get ad free experience. This way developer gets money either from ad or form paid upgrade.
2. Use the best ad format
It is very important for developers to choose the ad and place it right in the app, so that it takes less place, does not disturb the user yet bring in revenue. The banner ad takes up huge place and unnecessarily annoys the users. Use ad at the time of launching and exit of then app and also shown them at the right time so that without annoying users you make most of it.
3. Promote your App
Your ad revenue is directly dependent on number of people downloading the app. Hence it is important to help your app reach maximum number of people. So apart from app store, you can promote in various websites, social media, community websites, forum etc. This way your chance of earning money through app increases to a great extent.