How Much Money Do You Make From Your Android Application?


Tuesday November 26, 2019

How Much Money Do You Make From Your Android Application?


November 26, 2019

How Much Money Can You Earning From Apps

Earning From Apps – What comes to your mind when we take the names WhatsApp, Instagram, Snapchat, Wechat, Musicals App, and Twitter, etc? Yes! They are all names of mobile applications with earnings in billions of dollars. You have a great idea and you have approached an android app development company to make an application. Do you know making money of apps? Do you know what exactly your idea converted into an android app is worth? Do not worry because many businesses do not know that.

Making Money With an App

In 2018, alone mobile app revenues were over 365 billion US Dollars. And, it is estimated to cross over 935 billion US dollars by 2023. These are just small stats to show the potential that a mobile application posses. We are into android app development services and promotion. We understand what your idea is worth and how to promote a mobile application.

How Much Money Do You Make From Mobile Apps?

Now, another question of why make a mobile application? Studies show that about 90% of the time spent on mobile devices is on apps. Also, compared with websites it is more convenient for the user to login to an app to make a purchase. They get better deals and faster options. Now, you know that apps do make money but the question is how you make money through them. We have brought here some pointers to keep in mind to ensure you make good money from your android application.

Here Are Some Tips To Earning From Apps

Workout Your Idea And Its Market- Before you plunge in and get your app development started. You must first do market research for your idea with how you will make money from it. The best way is to study the competitors in the market. As the best android app development company in Dubai, we carry out market research for our client too. Market knowledge gives a clear idea for app designing and development with a proper marketing strategy.

Choose Your Platform Right- When you have done your market survey you will know where your prospective customers are. With this, you need to focus on the platform the majority of your customers use. Whether it is iOS or Android platform, you have to make a decision. As per statistics in the second quarter of 2018, 329.5 million Android-based mobiles were sold as compared to the 44.72 million based on iOS. When we compare the in-app purchase iOS makes twice sale compared with Android. But the number of Android users is very high making it a good choice of platform. Our expertise in both the platforms and greater market understanding makes us the top android app development company in the UAE.

Read Also – 10 Easy and Important Steps to Build A Mobile App

Choice Of Payment Gateway- The increases rate of online transactions has also increased cases for the security of online payment. You do not want your users to run away without buying your product over security concerns. You will have to choose the most compatible option. The most used mobile payment apps include Google Pay, Pay Pal, and Apple Pay, etc. You can also include the option of net banking for the payment.

Understand The Play Store- Google play store is the largest source for Android apps in the world. You can download the apps free or with the payment. In the play store, you have both the options of making your app available free of cost and paid. The play store works on the model of 70/30 that means it takes 30% of your earning and gives you 70%. It works on 30 days payment cycle.

What Is Your Revenue Model- You need to decide whether you want to make your app free to download or paid? This will form the basis for the marketing strategy of your Android app and how much money it is going to make. In case you decide to keep it free then you have multiple options in your hand. The first option is of in-app purchase, which is a wonderful option used beautifully by gaming and dating apps. Second, you can even tie-up with the companies to display their Ads. You can work on the click per view agreement for the pay. Again, you can have a subscription model for a per month or yearly basis. In this, the user has to pay the amount per month or once a year.

Think Beyond Phones- Do not get stuck with just mobile phones but think beyond them too. Nowadays, smart TV and smartwatches have come up. You need applications for them too. As time goes by, we will see more devices connecting through IoT (Internet of Things).

Conclusion

The moment you start your app development speaks to your android app development company about monetization. This blog will help you to learn, how to earning from apps. A smart app with smart marketing can make it viral and give you more money from it. We have an expert team helping clients make money from their apps.

Learn Growth Strategy For Your Mobile App


December 21, 2017

App Store Optimization (ASO) – The development of the Mobile App and get it released on the App Store gives you a great sense of accomplishment. However, after a certain point in time, you realize that it was just the first step towards a great goal. After the development, you wonder, now what? Now is the time when your brain is enlightened with the fact that the major challenge is waiting for you which is to get users to use your app and ensuring that they will keep coming back to use it further. It’s important to build up a growth strategy for your app to stand out in the digital world.

Why do you need a growth strategy for ASO?

After building an app, a well-planned growth strategy is required for 2 reasons:-

  • User Accession (to get users to use your apps)
  • Retention of App (being consistent with the usage of the app)

Now, an acquisition is all about marketing, which basically includes app store optimization, paid and organic accession; while Retention combines marketing and the product which technically is inclusive of experience of the users, engagement in the app and most importantly the performance of the app. This aids us to know about where actually the app development stands in the app store.

The three major steps to follow to develop a perfect growth strategy for the app

After executing a very innovative and unique idea for an app, and then developing it comes a question; now what? So to answer this and to grow your app on the app store, you need to plan your strategy in the following three steps:-

  • User accession
  • User retention
  • Growth analytics
1. User Accession- get the target users to download your app

After the development of your app, it’s necessary to grab the attention of the tech-savvy and make them download the app. Here are three ways to get the user-accessible for the app:-

App Store Optimization (ASO)

Optimizing the text of the app is one of the useful ways to grab the attention along with using attractive and convincing screenshots and improving the ranking of your app. Organic Accession (Providing free download)

Using a very catchy yet concise tagline is a mantra to impress the users. To enhance the accession, you should also focus on communicating with the users to be aware of what they expect from your app and to ensure them the best results.

Paid accession

Promoting the app on Facebook and examining that what is working for your app is one of the proven ways to increase the accession.

2. User Retention

After getting people to download your app, it’s important to acknowledge their experiences and also the performance of your app. Here’s an insight to know how to make users re-engage in your app:-

User experience

You need to know if the users really understanding the ways to use your app. If it’s complicated, then your app will be as important as a white crayon.

Re-engagement

Updating the app using exciting new features after the feedback and using push-notifications, you can make users re-engage in your app.

Performance

To maintain an almost crash-free app is one of the most important steps to achieve user-retention.

3. Analytics for growth

One important thing to note here is that analytics is about the efficiency of your app and not about the number of downloads. This toolbox will definitely help you to analyze the growth of your product:-

  • User behavior
  • App quality
  • App store comments and reviews
  • Communication channels
  • Press mentions
  • A/B Testing

10 Easy And Important Steps To Build A Mobile App

These steps will aid you to develop a result yielding growth strategy; however, thinking out of the box is the mantra to develop an effective plan as to this is not just about developing an app but about a whole perspective of running a business.

Whatsapp
Skype
Facebook