Everyone is on the go nowadays and therefore mobiles and tabs are so important. They are a source of communication, entertainment, news, and information. They are loaded with so many apps that take care of almost all your requirements. All palm devices nowadays have their own app stores. Besides the sale of an app itself, there is additional revenue generating opportunities to monetize for mobile applications. Hence, retailers are selling securely through mobile apps. The e-learning industry has subscription and certification options to monetize their investments. Thus, the following are mobile app monetization strategy

 

In-App Purchases
This strategy allows you to sell goods through in-app purchases. This strategy usually refers to the selling of the physical items within the entire app. The user does not need to go elsewhere to purchase your product or service. Once the relevant ads are placed in the app, you place a call to action button in the app to lead him to your store to make a purchase.

 

Sponsorship
This strategy basically refers to the model where you partner together with potential advertisers who will reward your users after completing in-app actions. Generally, this is one of the latest strategies in the mobile app platform.
Paid Apps

Regarding this strategy, the user cannot download for free or there is no free version available. The only way is to download the app from the play store at a premium if the owner wishes to use the app. The most important thing here is to show your app as unique and different from the similar apps available for which the user would want to pay extra.

 

Paywalls
As per this strategy, here content is locked. Thus, the user has are supposed to register for a subscription to view content more than the content available free of cost. This strategy can be used for service-focused apps, which if successful can generate recurring revenue.

knowork