Short explanation on how Apps can make you money.
Recently the creator of Flappy Bird, Dong Nguyen removed his game from the market. Dong Nguyen just wants to live simply and make games, and describes himself a “passionate indie game maker”. How did Flappy Bird change his life though that he was pushed to remove it? Making as much as $50,000 a day, how could a free to download app that was made in just 2 to 3 days make that much.
How apps can makes so much money when the average price is currently between $1 and $1.50, and some apps are even free. Apparently, there are many ways to make big earnings with apps. Here are 5 ways free apps make money from bluecloudsolutions.com
- The Freemium Upsell
When we browse our app stores, we would see a free app that is the “Lite” version and the “Pro” or “HD” one that you pay for. The free app is connected with a link to the app store of their phone, so when the user has tried the lite one, they can easily buy the full version which will have more to offer.
- In-App Purchases
You know that moment, when you’re enjoying a game until you reach a locked feature or level. That’s it, In-App purchasing lets users unlock special features, like coins or credits or skipping a level. In-app purchases can also be subscriptions for newsfeeds. Newsstand functionality in the Apple framework lets you set up an in-app purchase that will charge users automatically.
Ads help you increase your revenue by campaigning to promote your apps and reach audiences. The biggest ad networks are iAds and Admob. In iAds you can reach millions of people that use Apple products daily. And even connect with users while they’re listening to music on iTunes Radio or while using their apps on iAds App Network. It also allows you to customize your own ad.
- CPI Networks (Cost Per Install)
Basically, this is like an ad as well, but the difference is the ad is some kind of installation and you get paid whenever something is installed through your app. Your app will have “pop ups” of games of other apps, and if people tap on those “pop ups” and install them through your app, you get paid.
It’s a great way to promoting your app if you’re lucky enough to get a sponsor. With a sponsor you get brand credibility and if they have a website with good traffic for marketing your app (email newsletters and social media).