5 Ways To Generate Money From Your iOS App

After deciding on the name and logo of the app, the next important aspect is to put a relevant price-tag on the app. This is a crucial phase and depends wholly on how you want to make money out of you iOS app. Will your app feature on the App Store for free, or will it have a subscription? Here are 5 ways to choose what would be the source of revenue from the app you would launch.

•  In-App Ads And Promos

This pricing approach allows the iOS app development to feature a free app for the users. Rather, advertising space is sold to different firms for their promotional content in order to make money. This is the most common mode of making money from the app. This can be an easy way to make loads of money if you have plenty of app downloads. You can share the data with companies who are wishing to advertise on popular apps.

•  Paid Subscriptions

This is a common process among magazine or newspaper based iOS apps. Usually, such apps are made by iOS developers which give some of the app content for free as a small piece of the pie. But all the exclusive features needs to be unlocked with a paid subscription. So, the app itself is available for free on the App Store, but the users will have to buy a subscription to access the articles. Paid subscriptions is a great way to uniformly make money on a long-term basis.

• In-App Purchases

This is yet another way of earning revenue, especially in gaming apps. Although the primary functions of the app are free, the users can purchase virtual products or services as they use the app. For e.g. in a gaming app, you can add the options to purchase coins or unlock new levels with an in-app purchase. This is the same method used by stores. The apps are free, but they allow you to buy products via their app in lieu of purchasing on the website.

 

• Paid Applications

Some mobile applications use the upfront and simple method of putting up the app for a certain price. This means the users have to pay in advance to download the application. These apps do not have any unlocked features and the new functions are also available without additional charges once the purchase has been made. This strategy would take a certain level of marketing skills because you need to convince the users to pay for it.

 

• Feature Sponsorship In Your App

As the owner of the app, this is a new concept to know of. If you wish to feature your app for free, sponsorship can bring in good money for you. This method requires you to authorize sponsors that give rewards to the app users once they do a certain task in the app. This enables you to enroll a percentage of what your advertisers are paying, and at the same time, the users are rewarded for using your app. For example, by hitting like or sharing a certain product allows the users to unlock a new level and so on.