Every business person ultimate aim is to make money if he has invested money in something . And that is the reason every business person searches for the better business opportunity and chooses to invest in project which gives long term profit . Well now i am wondering why i am showering something else which is out of the topic . The question is How you can make tons of money by developing an mobile app for your company ?
The current revenue as per the report is $ 76 billion from google play store , which is expected to reach about $ 100 billion by 2020 . So you can take the advantage of this greatest opportunity ! Isn’t so ? Although revenue of the Apple App Store is just double the revenue of play store , the android market is attracting large number of users . As per the study , Apple user are more likely to pay for the mobile apps , and thus making their revenue double .
Have you ever wondered how can you make tons of money by developing an mobile app ? Where you have to launch free app or a paid version of it ? Even after offering free apps , will you be get benefited ? Lets understand the difference which will help you make decision .
This is the concept we all are aware about for in app advertisement .Google is offering AdMob , while Apple is offering iAds . But to take the real advantage of these kind of advertisement , you need real time traffic and really good download for your mobile app .
Free or Paid App ?
Sometimes apps comes with free and premium paired version . This is usually in case of gaming app . The app is going to offer you some free features which can be used to influence you to buy the premium version of the mobile application . App should at least provide the features which are best in part and plays an important role in app for free for specific time or plays or period and thereafter can be used only on paid version . The second measure is to give user a full of in app advertisement version on free version of mobile application
, and in case user want to purchase the paid version , they will add advertisement free app with enhanced features .
In App Purchase VS Low Priced Mobile Apps
It has been seen that offering an app with a low price makes low money than offering an in app purchases . Free app with an in app purchases can be fun , as we can be influenced by the app , and thus will be convenience to buy them due to reward relation with app .
Cost Per Install Network(CPI)
Cost per install is new concept in which you have to pay some bucks to third party for every app downloads . With CPI network , in app advertising , in app purchase can lead to greater profit .
What Is Future Of App Development ?
Never ending endless opportunities are being seen in app market . The fast scale growth in app market is seen from day 1 .Video gaming application are making millions. Smart TV’s and watches are also stepped into this market thus giving rise to iOT .