Thursday, 19 November 2015

How to make money from a free app?


You have an idea to create a mobile app which can help you to stand in a leading position of the business world. So, you choose a mobile app development companies in London or in your preferred city.

As all we know we have fear in competing in the business world, there could also be a good next to the fear. Once we enter to start a business either as an entrepreneur or an experienced pro, we have to face it. That would be great if you face it deliberately and gain the expected result from it.  
When comes to mobile app development, free apps have been downloaded in a large number. You may also be thinking to offer your app free. What happens next? After the dedicated effort, big hope and money spent, you are giving free app to world!

There are lots of apps that are offered free, mainly, Temple run, WhatsApp, Candy Crush, Pinterest. All these are the millions worth app. You can get a question that a huge amount was invested on these apps, without taking a single rupee or dollar from people for downloads, then how they achieved ROI (Return of Investment). And more importantly, you can ask yourself that how we can do the same?

Below are some of the ways to monetize your mobile app:

Freemium Upsell:
Freemium is one the best ways to get more download for your app. Freemium is more successful now a days. It encourages people to download it and use an app for an extended time. If they want to use further, they need to pay the amount according to the rules and regulations on the app.

Advertisement:
Allowing Advertise on your app is the easiest way to make money from free app. Also, you can easily get more demand for your app from advertisers. Advertisers have to spend a certain amount to advertise their product or service. Now a day’s mobile ads are more demanding than desktop ads. And also the cost for publishing the ads depend upon the type of ad and space like an app or website. Allowing advertisers to display their ads on your app, you can monetize your app tremendously.

Sponsorship;
The sponsorship deal depends upon which category or type of app your’s. Ex: If your app is dedicated to give regular motivational content for readers, then an institution that conducts personality development programs can sponsor your app.

Sponsorship is a tricky process. If you are planning or you have a specific app that magnetizes a group of people, it is possible that a large company would like to sponsor for your app to spread their message across your users.

In-app purchases;
To encourage users for in-app purchase, your app must be attractive to people. So that people could go ahead and up-grade the features that available in the app.

Encouraging users for in-app purchases to generate revenue means offering additional features in the app such as levels, characters, and coins. To get these features, users need to pay some amount for users.

App upgrade:
Upgrading the app is the technique that helps to increase your revenue. In addition to In-App Purchase, Sponsorship and Advertisement, it is also a fruitful way to expand your pocket. Upgrading the app refers Premium version of the app. To make users go to upgrade, your app should be attractive with nice features. After a half quarter/one quarter or according to app policy, users need to pay mentioned amount. The premium can also be chosen by users in the beginning days as well.

Want to Develop Money Making Free Mobile App?

We are FuGenX Technologies. We develop revenue generating mobile applications for iOS platform. That’s why we are recognized as the best iPhone app development company in London. We are also a premiere Android apps development companies in London. For more info on our world-class mobile app development services in London, visit fugenx.co.uk or send your query at info@fugenx.com

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