As a non-technical founder, it can seem intimidating to try and make money off of your mobile app. But don’t let that fear hold you back!
There are many different ways to make money from your mobile app. In fact, there are so many that it can be difficult to know where to start.
That’s why I put together this list of 10 profitable business models for you to consider.
Each of these models has been proven to be successful, and each one can help you generate revenue from your app.
Here are the 10-top ways to monetize Mobile Apps:
1) Offer in-app purchases or upgrades.
Some apps let you buy things or services on the app.
That is called in-app purchasing. Other apps let you upgrade to a better version of the app for a price.
This can be a very profitable business model.
Some popular apps that offer in-app purchases are Clash of Clans and Candy Crush.
These apps let you buy things or services on the app, which can be a very profitable business model.
2) Sell advertising space within the app.
This is a good way to make money.
You can sell ads to companies who want to show their products or services to people who use your app.
Some popular apps that sell advertising space within the app are Facebook, Google, and Yahoo.
These companies make a lot of money by showing ads to people who use these apps.
3) Use affiliate marketing to earn commissions from promoting other products or services.
Affiliate marketing is a way to make money.
You get paid when you promote other people’s products or services through your app or any other platform.
Some great examples of apps that use affiliate marketing to earn commissions are the Amazon App, the Walmart App, and the eBay App.
These apps allow you to shop for products from these stores right from your phone.
And when you do, the app gets a commission on anything you buy.
4) Offer premium content or subscriptions for a fee.
With this model, you can make money from your apps by charging users for premium content or subscriptions.
This can be a very profitable business model, especially if the app solves a problem or meets a constant need.
Some examples of apps that offer premium content or subscriptions for a fee include Netflix, Spotify, and Hulu.
These apps offer a wide variety of content that users can access for a monthly subscription fee.
This can be a very profitable business model, as it allows users to access a lot of content for a fixed price.
5) Partner with businesses to offer discounts and deals to app users.
Some apps let businesses offer discounts and deals to people who use the app.
This can be a good way for businesses to attract new customers, and it can also help people save money on the things they want.
Some popular apps that use this business model are Groupon and LivingSocial.
These apps let businesses offer discounts and deals to people who use the app.
This can be a good way for businesses to attract new customers, and it can also help people save money on the things they want.
6) Enable transfers and transactions through the app to generate processing fees.
If you have a mobile app that allows users to make transactions or transfers, you can generate processing fees by charging a small fee for each transaction.
This is a common way to make money from mobile apps, and it can be very profitable.
An example of an app that enables transfers and transactions through the app to generate processing fees is PayPal.
PayPal is a mobile app that allows users to make transactions or transfers, and it charges a small fee for each transaction.
This is a common way to make money from mobile apps, and it can be very profitable.
7) Collect and sell user data, as long as it is anonymous and in compliance with privacy regulations.
This is a very common way to make money from mobile apps.
By collecting and selling user data, you can generate a lot of revenue.
However, it is important to make sure that the data is anonymous and in compliance with privacy regulations.
Otherwise, you could get in trouble with the law.
Some examples of apps that collect and sell user data are Facebook, Google, and Apple.
These companies make a lot of money by collecting data about people and selling it to other companies.
This data can include things like the person’s name, email address, phone number, and interests.
8) Offer physical or digital goods for sale through the app.
If you have a mobile app that allows users to purchase physical or digital goods, you can make a lot of money by charging a small fee for each transaction.
This is a common way to make money from mobile apps, and it can be very profitable.
Some examples of apps that use this business model are the Amazon Appstore, the Apple App Store, and the Google Play Store.
These app stores allow users to purchase digital goods and services, such as apps, games, music, books, and movies.
9) Provide consultancy or coaching related to the focus of your app.
Some apps offer consultancy or coaching to people who use the app.
This can be a profitable business model, as it allows users to get help with the thing the app is for.
Some examples of apps that offer consultancy or coaching are the Khan Academy, the Yoga Studio, and the Mayo Clinic App.
These apps offer help and advice to people who use the app.
They can provide consultation or coach on a variety of topics, such as education, health, and fitness.
10) License your app concept to other companies or individuals.
Some people make money by selling the idea for their app to other companies or individuals.
This can be a very profitable business model, as it allows other people to use the app and makes money for the person who created the app.
Some examples of apps that license their app concept to other companies or individuals are the Angry Birds app, the Doodle Jump app, and the Fruit Ninja app.
These apps were created by someone else and licensed to other companies for use.
You can charge a small fee for each transaction, sell user data, offer physical or digital goods for sale through the app, provide consultancy or coaching related to the focus of your app, and license your app concept to other companies or individuals.
As you can see, there are countless opportunities to monetize apps – all it takes is a little creativity, research, and most importantly solving a problem!
In a nutshell, these are briefly the 10 ways to monetize apps
1) Offer in-app purchases or upgrades.
2) Sell advertising space within the app.
3) Use affiliate marketing to earn commissions from promoting other products or services.
4) Offer premium content or subscriptions for a fee.
5) Partner with businesses to offer discounts and deals to app users.
6) Enable transfers and transactions through the app to generate processing fees.
7) Collect and sell user data, as long as it is anonymous and in compliance with privacy regulations.
8) Offer physical or digital goods for sale through the app.
9) Provide consultancy or coaching related to the focus of your app.
10) License your app concept to other companies or individuals.
Did you find this post helpful? Do you have any other ideas on how to monetize apps?
Let me know in the comments below!
Thanks for reading!
