When you are looking for successful app revenue models, you are about to go in for a ride. App monetization is something that every app developer looks for.
It is a means of turning your app into a source of income for you. When you are in a mobile app development company, you need to realize the paramount importance to make money. Hence the app monetization models need to be developed.
Apart from this, when you are looking for profitable apps revenue models, there are a few interesting facts. Did you know that according to Statista, users have downloaded more than 170 billion apps throughout the world and that number is increasing?
How to Identify the Most Profitable App Revenue Models for your App?
When you are looking to identify a bankable revenue model, then you there are a few things you need to figure out what can best suit your app.
You can ask yourself what problem can be your app trying to solve in the community? What else would the consumer be interested in so that they buy the premium plans? What kind of mobile app revenue model does your competitor possess?
All of these questions are important when you are trying to figure out the app revenue model. Some apps can start earning right away but some cannot.
You need to look out for mobile app business model examples so that you can figure out which one could be suitable for you. Well, it is a fact that everyone wants money but are you looking for finances right away?
When you are choosing the mobile app revenue model template, the strategies you apply should be decided even before the launch in the App Store or Google Play Store. All the business models for a mobile app that you are going to review are not mutually exclusive.
When you are convinced that the apps business model is yet to be decided, you can take a look at a few of the ones listed below:
☛ In-App Purchases and Freemium
So the most successful apps, are the ones with In-App Purchases and Freemium.
Freemium affects the app’s business model in such a way that they can download the app for free but they would work only when you are ready for a trial period and are soon converting to premium or upgrading.
The mobile app revenue now shoots up owing to the extraordinary features.
The In-App Purchases focus on the opportunity for the app make purchases as a chance. The in-App advertising may work well but you need to do so by selling the data-driven target ads.
This way, the app business models mentioned here can increase the app revenue.
☛ Paid Apps, Subscriptions and the Sponsorship
If you look at the revenue streams for apps, most of them are because they are free apps with in-app advertising. Well, here the paid apps model has a different set of rules. The monetization models that use the are persuasive ads which can tell that the app is without buying. These are quite similar to the premium app business model.
The most successful iPhone applications are also because of subscriptions, sponsorship, and paid apps. The sponsorship business model keeps on utilizing the ad in your app so that it can gift the users for using your app.
☛ Free Apps that come with In-App Advertising
If you have seen the iPhone app advertising revenue, you know that they mostly do in-App advertising. The app is free but it comes with ads. This is a goof mobile app monetization strategy and you might have seen this model of the app before on your iPhone or your Android phone.
So in this particular strategy out of all the mobile app monetization strategies, they remove the cost barrier so that they can allow you to have free downloads. One such example of this kind of app is Facebook.
The users of Facebook do not pay directly but the app makes sure it leverages a vast amount of the data generated on the app to sell some target specific ads.
Conclusion
Hence, when you hire app developer, you can ask them to look into the different successful and profitable business models for the app so that it can survive for a longer period.
Apart from that, if you just want to have some look at models which drive revenue, we can see that the app developer is trying to create sustainable and reliable revenue in their app.
