How To Make Money in App Development

Have you ever been curious about how to convert your app development skills into financial success? Turning codes into earnings can be a difficult task if you don’t know the tricky ways. If you are an app developer you must understand how you can effectively monetize your creations. There are many ways to do so. And this article reveals these secrets in front of you.

It doesn’t matter if you are a beginner or a working professional, this article is going to help out each of the readers to make money in app development.

In this article, we’ll get to know How To Make Money in App Development and what’s the total earning potential for them.

How to Get Paid in App Development?

There are different ways to earn money by making an app. A few things are there to keep in mind – pay attention to the things people like, the user experience should be up to the mark and the app should be unique and easy.

1. AI and Machine Learning

Machine Learning or AI is generally used in Apps to make its functionalities better. You can keep some extra features in your app with the help of Machine Learning or AI. An additional subscription or purchase would be required to unlock those features.

It is really a beneficial way to earn money in app development. If your app is a mobile app and can be an important one in everyday’s life, people would definitely buy the subscription to get access to more things.

2. E-commerce

E-commerce is an effective way to make money in app development. E-commerce in app development means selling products or services through the app. The users of your app can directly purchase a product or service while scrolling your app.

You must have a delivery system, a proper supply chain and various payment features to run a e-commerce website or mobile application. You can analyse the market to get a better understanding of it to run your business through this process.

3. In-app Purchases

This feature is commonly used in mobile or PC games. In-app purchases allow the users to unlock new features, levels or items inside the app. This model to make money in app development provides the options for personalising to the users. These extra features keep the users engaged and the usage of the app is increased. It is a widely used technique in the present scenario.

4. In-app Ads

This is probably the most unique technique nowadays to earn money in app development. Few ads are displayed on the screen of some products of a different brand. These advertisements are mostly the products or services of some e-commerce websites.

When the viewers click the ad, a web page of that particular product gets opened. You can earn per click on these ads through this process. More the ads are displayed, the more you can earn from it.

5. Affiliate Marketing

Affiliate Marketing is a popular and very efficient way to earn money. In this new generation of modern technologies, it is providing a new path for business agencies and digital marketers. To make money in app development through this process, you need to display content about a certain company or business on the pages of your app.

The users are given the opportunity to go to a new portal to purchase a product of that company or to install a new app. With each click or purchase or install, you can receive a certain amount of money on cost per click model.

6. Freemium Model

The Freemium model is a marketing strategy. Here, a company provides basic services or products for free to attract new users or buyers. Then the more advanced features are shown to them. They are encouraged to buy these paid versions with advanced features. This Freemium model is highly used by the developers to earn money in app development.

7. Subscription

The term subscription in app development means, giving the opportunity to the users to get access to premium features for a regular fee. This model is highly advantageous for the developers because it provides them with the earnings on a regular basis.

Most of the time, the subscriptions need to be renewed by the users every year or month to stay connected with their required things. This approach is very effective for content based apps, ensuring a continuous income.

8. Sponsorship

In this list of ways to earn money in app development, sponsorship takes a valuable part. Some companies sponsor apps for their advertisements. If you can find a sponsor for your app, you can get paid for advertising their content. Sometimes you can earn before even launching your application by this way. In order to find a sponsor, you need to do research on the target market.

9. Paid Apps

There are some applications which cannot be downloaded without spending money. Generally, these apps are bought at the portal before installing. The contents and features of these apps must be unique and useful for the users to keep them interested.

Most of the paid apps are used in professional jobs and for learning. The functionalities of these apps make them stand out in the market. Paid apps are a good way to make money in app development.

Conclusion 

This above list is a key to find out the ways of making money through app development. To understand each of them correctly and efficiently, you must go through the techniques of making them. The modern generation cannot make a good place to live without utilising the advanced modern technologies. And to understand each of them, you must earn a certain amount of knowledge.

App development is a great skill to learn in this era. But it would completely be wasted if you don’t know how to get paid through it. Explore and learn the technology. Make good use of your skill. Utilise each of these ways step by step and build up a continuous source of income with some small research.

FAQs – How To Make Money in App Development

How much money can you make from app development?

The average monthly revenue of an independent app developer can be upto $1500 a month. By using these ways to earn, you can even earn more than that. The app developers of middle sized companies earn more than $7500 a month. The popular freelancers and developers of big companies can earn upto $45,000 monthly.

How much money do apps make per download?

For 1000 app downloads, you can make $4 and an usage of the app gives $2. Each download is equivalent to 2 usages. Hence, 1000 app downloads can make $4.

Does Google pay for app downloads?

Google does not pay to the developers directly. To make money in app development, developers need to put some advertisements or in-app purchases. Sometimes, the paid applications can pay the developers directly. So, it means the users of the apps are paying the developers indirectly.

How much we can earn from free apps?

In case of free apps, developers earn through advertising. As per the cost per click (cpc) model, developers earn on an average $0.10 for each click. This money gets directly added to their revenue.