The mobile apps which are used today in just about every industry can provide income to companies in many different ways. Mobile apps that are popular and highly ranked on app stores can raise their levels of income to considerable amounts thanks to both ad revenues and in-app sales they generate.
As the leading mobile app platform grows day by day as a platform for Android users who outnumber iOS users by about three times, to safely buy apps. So what are the steps to take for making money on Google Play Store with your mobile app?
Paid app sales on Google Play Store
Without a doubt, the most direct way to make money on Google Play Store would be to create a payware app and to sell it. If payware apps can provide the service users expect better than free alternatives, and are preferred over them, it can then be much easier for them to generate revenues. Of course, the paid app needs to have additional features to make it preferred over the free alternatives.
Earning money from in-app purchases
In-app purchases, which are the most common way for creating income with free apps, appear most commonly in games. The user may own desirable features like game cash, new characters, character outfits by paying their prices. With this method, you can make your free apps on Google Play Store to generate income too.
Earning money from advertisements
According to a survey, 49 percent of mobile apps on app markets include in-app ads. Even though ad revenues have not yet reached the levels achieved by in-app purchases, they may still be considered as additional solutions to generate revenue with your free apps. However, it is good to pay attention not to cause a negative user experience with the excessive use of ads.
Making an income from sponsorship contracts
A sponsorship deal you may secure during your app’s development or marketing may also help you with making some money with it. With one or more sponsor companies to cover your development and promotion costs from the creation of your app to its publishing on Google Play Store, you can generate substantial revenues with your app.
Earning money with a subscription system
A subscription system you will form suitable to your app’s function can also help you to make money. For example, with an app that features campaigns, coupons or discounts for subscribers in exchange for a small monthly fee, you can generate an income that is foreseeable and parallel with subscriber count.
In the daily growing world of mobile apps, these methods appear as the most often chosen for earning money on Google Play Store. If you too want to benefit from the opportunities of the mobile app world, you have your app easily with MobiRoller. Create your MobiRoller account right away, and create your mobile app in minutes.