But “how do you make money with an app” is definitely at the top of the list—which inspired me to create this guide.Fortunately, there are lots of different ways to monetize an app.Whether you’re building a new app for the first time or trying to make money with your existing app, I’ll explain everything you need to know about app monetization below.How to Make Money With an AppGenerally speaking, app monetization strategies fall into one of two categories—direct monetization and indirect monetization.Direct monetization is definitely the most popular.
But before we get into the specifics, I want to quickly clarify the difference between these two app monetization methods.Direct MonetizationAs the name implies, direct monetization is money generated straight from your app.If an iOS or Android user pays $1 to download your app from the Apple App Store or Google Play Store, the cash comes directly from the app.
You can still make money by creating an app, but the actual dollar amount can’t necessarily be tied to the app itself.The best example of indirect monetization is a standalone product or service that comes with a free app.
Paid DownloadsCharging users a fee to download the app is one of the simplest ways to make money with an app.So how much should you charge?
This particular study only used data from the Google Play Store.Statista also determined that the average cost of a paid app in the Apple App Store was $4.37.
Some people won’t consider installing an app if it’s not free.With that said, it’s more likely that paid users will be highly engaged.Anyone who pays for a download will want to get the most out of their investment.
But “how do you make money with an app” is definitely at the top of the list—which inspired me to create this guide.Fortunately, there are lots of different ways to monetize an app.Whether you’re building a new app for the first time or trying to make money with your existing app, I’ll explain everything you need to know about app monetization below.How to Make Money With an AppGenerally speaking, app monetization strategies fall into one of two categories—direct monetization and indirect monetization.Direct monetization is definitely the most popular.
But before we get into the specifics, I want to quickly clarify the difference between these two app monetization methods.Direct MonetizationAs the name implies, direct monetization is money generated straight from your app.If an iOS or Android user pays $1 to download your app from the Apple App Store or Google Play Store, the cash comes directly from the app.
You can still make money by creating an app, but the actual dollar amount can’t necessarily be tied to the app itself.The best example of indirect monetization is a standalone product or service that comes with a free app.
Paid DownloadsCharging users a fee to download the app is one of the simplest ways to make money with an app.So how much should you charge?
This particular study only used data from the Google Play Store.Statista also determined that the average cost of a paid app in the Apple App Store was $4.37.
Some people won’t consider installing an app if it’s not free.With that said, it’s more likely that paid users will be highly engaged.Anyone who pays for a download will want to get the most out of their investment.