How to Earn Money from A Mobile App?

The first question rises in the mind of any beginner mobile app developer is if they can make some money from the app. The answer is obviously a big Yes. But don’t think that just launching your app in the app store can help you earn money. It’s not that much easy. There are some tricks and app monetization strategies that you need to use to make money from mobile application.

People who are new in the mobile app development field with a dream to earn some good income from their app and know nothing about app monetization models, this blog can guide them best. In this blog, we are going to mention the best ways to earn money from mobile app. Scroll down and have a look.

Overview of Recent Mobile App Market

Before we tell you how to earn money from mobile app, you should get some knowledge about the recent mobile app market. There are at least 2.7 million mobile apps on the Google Play Store right now and 1.8 million applications are available on the iOS app store. And according to reports, the global app market is recently earning nearly $935 billion money in this world and this will reach more in the upcoming future. So, it’s proved that a mobile app can be a highly profitable solution for an app developer if the right strategies will be taken during app design or promoting.

Ways to Make Money (Earn Money) from Mobile Application?

Mobile application has become a necessary part in the lives of everyone right now. And as the number of app users are increasing tremendously these days, the chances of making money from mobile applications is also increasing each day. But as there are unlimited numbers of apps are launching almost every day or month, competition in the app market is higher than before right now. But if you strategically create your app and use some monetization tricks, no one can stop you from earning money. Here are some easy and effective ways to earn from mobile application.

1. Add In-app Purchases

In some educational mobile applications and gaming applications, you may find an option to buy an online course or a game. That’s called In-app purchase feature. This is one of the most popular trends in mobile apps that has emerged as customer-favourite right now. Add this game changing feature in your app and you will start earning a good income from within a few months of app launch. This is an excellent strategy to convert the free users of your app into paid customers. However, make sure that the courses or games you are offering through the in-app purchase are interesting and engaging enough so that they can attract more viewers to pay for it.

2. Do Advertisement

Generating income from displaying adds is one of the most effective ways that has been remaining a top preference for app developer for years. Some best ways to earn money from app using ads are-

Pay per Click (PPC)

Most application developers prefer using Pay-per-click option to earn money from mobile ads. In this model, whenever any viewer or user click on the pop-up adds in your application, you can earn some money. However, since not one click can generate huge income, you need to create lots of ads in the app if you want a higher revenue from PPC ads.

Cost per View (CPV)

This ad model generally applicable for video ads. You can add some Advertisement videos in your app and the more viewers will watch the video, your revenue will boost more.

You can also do advertisement of any third party company, their products or services which is called referral program.

3. Offer Subscription-based Models

Another one of the easiest and excellent ways to earn revenue from free mobile app is offering subscription-based models to your customers. You can set an amount and the subscription time limit as per your wish. If users want more advanced features and unlimited access to your app, they can take a monthly or yearly subscription of your premium app or some of the premium features in the app.

4. Go for Affiliate Marketing

If you think that app owners only do advertisement of their own app and services, you are wrong. You may display several ads like banner ads, video ads and more within your mobile app earn money. This is called Affiliate marketing. Affiliate marketing is a great way for constant and long-term income. Whenever any user click on the third party ad that pops up in your app, or buy any products or take their services, you can earn a share of that company’s sale. This is one of the easiest strategies to earn money from mobile application.

5. Create E-commerce Apps

If you ask which app is best for earning money, it’s absolutely an e-commerce app that comes first in the list. E-commerce is now one of the fastest growing business industry in India and whole world as well. And the installation and uses of several e-commerce apps has increased a lot in the past few years, especially after COVID 19 pandemic from when people are more into online shopping rather than traditional offline shopping.

This is why, building and launching an e-commerce mobile application is one of the best ways to earn money from mobile application. From clothing, jewellery and fashion accessories to health and personal care, electronics, you can choose any niche for your e-commerce app as all e-commerce niches are almost equally profitable. Remember, selling uncommon, interesting or on-demand products through you mobile e-commerce application can lead to increased income level more. 

6. Freemium Models

Do you know how do free apps (Earn Money) money without any advertisement? It’s the Freemium model that the app developers follow to earn money from their free mobile applications. In this model, people can get the chance to download and use the app for free. Only a few of the premium features in the apps are chargeable for using. And as per reports, users are these days more interested to use the Freemium apps rather than the premium apps.

This is because, for using premium apps they have to pay money blindly without checking the app while in the Freemium app, they can use it for some time and understand it’s performance and enjoy other features and then they can decide whether they should pay or not. However, earning money is not 100% guaranteed in this app since some users only like to use the free features and not ready to pay for the premium features. So, to turn the users into your paid customers, you have to create extraordinary and engaging features.

7. Crowdfunding Model

Crowdfunding is an alternate way to earn from mobile app. If you think you don’t have enough money needed for the app development, you can use this strategy. After creating your application, if you are feeling shortage of money for further development, build a crowdfunding campaign on any popular crowdfunding site and also share the campaigns with everyone you know. If people find your app interesting, they start supporting you for further development by providing money. However, it’s not easy to convince people for crowdfunding.

You have to create compelling campaigns, share your app’s special features, stories and services in a more unique and exceptional ways to attract people. Moreover, no one will pay you if the crowdfunding amount is excessively higher than normal. So, always try to set a reasonable and realistic crowdfunding budget.

8. Sponsored Content

You can partner with some popular brands and create sponsored promotional content for them and display them in your app. You can create interesting written sponsored content, podcast or video content. If any user gets attracted to it and clicks on any of the sponsored content, both the sponsored brand and you can earn money from it.

Final Words

These are some proven strategies to earn money from mobile applications. However, no matter how strategically you create the app, don’t think that these strategies will drive income immediately after the app launch. You need to wait patiently for a little long period and if you still see any profitable result, check whether you have used the right strategies or whether you need to improve your app.

If you are continuously facing failure in earning money from a mobile app, get advice from experts or hire expert app developers from DNG App Developer. We are a leading mobile application development company in Ahmedabad, India, and we have successfully created 100 plus engaging and profitable mobile apps for small businesses. We helped startup companies earn a handsome income from our cutting-edge Android and iOS apps.