7 Actionable Ways to Make Money with Your Mobile App

 

You might be surprised to know that more than 90% of people who use the internet get access to the online world through their smartphones! With so many people relying on the phones in their pockets, you can turn things in your favor by developing your mobile apps.

 

Apps that are a hit in the market make huge profits. Take a look at any of the famous apps in the market, and you will find out many methods they are implementing to make money online.

 

Are you interested in building a mobile app to make profits? Do you want to know about a mobile app monetization strategy that works for you? Keep reading this article as we are going to share with you the seven ways you can make money with a mobile app!

 

1. Run some ads

 

One of the best ways of making money through your app is by running ads online. Gone are the days when the only known mediums of running ads were TV, billboards, and newspapers. Tech has now enabled business owners to run as many ads as they want and get access to a wider audience.

 

Most of the famous apps in the market rely on ads to make profits. The reason why marketers run ads on the apps in the first place is that mobile app users are more intrigued to click on such ads. If your app is addictive and can keep the users hooked for hours, advertisers will surely be willing to run ads on your platform.

 

Make sure that you check out which advertisers are interested in running ads on your app. Scour the web to find out the success stories of other app developers and find out what are the best of proper mobile app monetization.

 

2. Sell a subscription

 

People don’t shy away from buying the subscriptions of the apps. You can take a look at Spotify and Netflix as examples. Both of these apps are free to install, and you don’t have to spend money to get registered on their platforms.

 

But you have to pay money to access their complete set of services. People buy their plans happily as they allow them to get informed and entertained without making a dent in their pockets. You can use the same strategy to make profits in no time.

 

All you have to do is identify what intrigues your audience. You have to develop a unique set of services and perks that customers can avail of only if they buy your subscription plan. Your plan should be affordable and provide value that your customers cannot avail of unless they pay you monthly.

 

3. Enable in-app purchases

 

Bundling amazing features in your app takes time and effort. If you allow all your customers to access the essential features for free, you will fail to sustain yourself during the process. Therefore, it is important that you allow access to certain features to your customers only if they pay you.

 

The function of in-app purchases allows you to raise money and maintain the quality of your services at the same time. In-app purchases are available in all leading apps and games. If you can add something to the experience of your users, then you can easily make money out of it.

 

Enabling the feature of in-app purchases also requires you to set up a safe payment gateway. Make sure that you plan all the arrangements and then introduce additional features to your app at reasonable prices.

 

4. A sponsorship plan

 

One of the easiest ways of making money with your mobile app is finding a sponsor. The biggest benefit of working with a sponsor is that you don’t have to give your money to the middleman like the ad networks.

 

Sponsors pay you directly to get the place on your app. There are tons of ways to add the sponsored message to your app without disturbing the experience of the users. For example, you can set up a banner ad or a splash screen that shows the sponsored message to your target audience. You can easily increase the prices of sponsorships or can change the sponsor anytime you want.

 

5. Affiliate marketing

 

Affiliate marketing is a superb way of making money that requires you to tap into the right audience. You don’t have to set up the payments or buy products if you enter an affiliate program. Your partner will deal with all the transactional and delivery operations; your job will be reaping the profits with affiliate sales.

 

A smartphone app comes with tons of ways for setting up an affiliate plan. You can place ads or run native ads too about the affiliate products. Encouraging your customers to buy something from a store to get access to a feature is another great way to make money.

 

6. Ask for financial support

 

You will make a die-hard following of your app if you are providing something new to the market. If you succeed in making your app successful and only want to focus on its improvement rather than setting up ads or finding sponsors, then a great option for you is asking for financial support.

 

There are tons of platforms like Patreon that make it easier for you to get donations from your loyal fans. You will not have to set up any payment gateways as all the money you’ll receive will be transferred to your account.

 

7. Introduce your merchandise

 

The method of raising money with merchandise is only feasible if you succeed in building your audience. But once you have enough followers and can get them to take your desired actions, then it will become easier for you to make money by selling your merchandise.

 

People love to wear custom t-shirts that contain the logo of their favorite app and also love to take tea in their favorite mugs. There are tons of other merchandise products that you can sell to your audience if you succeed in growing your influence, and the rest of the process will be easier!