You can create mobile app and sale it for money, thats very sure! you can create mobile app and give it for free, but if I create mobile app and give it for free how do I money? I mean, a lot more people are wondering about this mystery.
Is creating mobile app and giving it for free even worth it? considering the fact that:
- Making mobile APP can require serious coding skills
- making mobile APP can be extremely time taking
- making mobile APP can be stressful
we searched Quora on this subject matter and here list of quality answer we got :
As of March 2021, 92.9% of iOS and 96.7% of Android apps were free to download. You will hardly find a paid app neither among the most downloaded nor top-grossing products. There are monetization strategies that profit apps and games much better than charging for downloads upfront.
Few monetization strategies are trending now and some apps choose to combine models, offering different options for different users.
How Mobile Developers Make Money from Free AppsBoth the usage of mobile devices and the global application economy keep growing. Only during the 3rd quarter of 2019, downloads across Google Play and Apple App Store totaled 29.6 billion .
Consumers spent almost $22 billion, which is nearly 23% more than the same period in 2018. As of December 2019 , 90.8% of iOS and 96.2% of Android apps were free to download . Y ou will hardly find a paid app neither among the most downloaded nor top-grossing products. Obviously, there are monetization strategies that profit apps and games much better than charging for downloads upfront. But how do free apps make money? In this post, we’ll review both the popular methods and those you might never think of. If you are toying with an idea of a new product, or need to boost your existing app revenue, you might gain insights into how to monetize it best.
5 Primary Ways to Make Money from Free Apps 1. Advertising In February 2019, PubMatic’s study revealed that media buyers were allocating 45% of their digital advertising budgets to mobile platforms. 56% of respondents believed that programmatic in-app advertising delivered better audience targeting, and 54% reported more effective customer engagement than with other forms of advertising. For mobile app developers, ads are the most common and easiest way to earn money from free apps. All they need is to display embedded commercials within their product and receive payments from a third-party ad network.
Interstitial ads These pop-ups take a whole screen, are displayed periodically, and can be closed by tapping the cross button or by opening the promoted page. Interstitial ads often occur at natural transition breaks in messaging, news, and content, or when users open or close the app. In gaming apps, they may appear before or after an expected content or functionality, e.g., changing game levels or between game sessions. Static full-screen ads and ‘rich media ads’ that reach out to users through audio, video, and text are regarded as the least successful form of mobile advertising. 3)
Banners Banners/display ads of different sizes are typically displayed at the top or bottom part of the screen. Users can keep using the app even with a banner on the screen, but they are still annoying. The usefulness of banners has diminished since consumers have become increasingly conscious of user experience (UX) and user interface (UI) design . Moreohttps://onix-systems.com/blog/how-mobile-developers-make-money-from-free-apps
- The freemium model suggests an app is free, yet users can unlock some added functionality for a fee.
- The premium model suggests an app has a price and users should buy it and use it.
- In-app purchases suggest users can buy content, services, or special features (like game boosters, sets of photo filters, or personalized workout plans) within an app.
- In-app ads. For mobile app developers, ads are the most common and easiest way to earn money from free apps. All they need is to display embedded commercials within their product and receive payments from a third-party ad network.
- The subscription model suggests that users who wish to continue enjoying the service after a trial period or full access can pay a fee and subscribe to a premium account. The desired service or content is available for a limited period according to the chosen subscription plan.