As per the Marketing Forecasts, 188.9 billion dollars is an estimated amount that’ll be achieved in just a couple of years. Yes! That’s a pretty big amount, to be honest, but it’s true though. In fact, that amount has been estimated to be achieved by the year 2020. The amount seems to be quite achievable since in 2015 the figure was around 69.7 billion. Unfortunately, we can admit to the fact that not all apps can assure their developers a stable profit. Some of the apps stay unclaimed which results in no returns to all the time and money you’ve invested on that app lately. Which option you should consider for-profit – web or mobile apps? In the app development industry, a good idea isn’t enough for the successful implementation of an app. one of the most significant factors for maximized earnings is the format of the future mobile application. If we talk about today, then there are only two options that might help you out: web and mobile applications. Now the question is; which one to choose? Till this date, there has been a dilemma of choosing between these and to be honest it will always be relevant. The truth is both of them are quite popular, and each one has benefits and disadvantages. Web Applications The main advantage of client-server applications is that their operation is totally independent of the environment. Thus, we can consider web applications as cross-platform. However, these apps are somewhat dependent upon the internet stability or connection, so if you’d like to use them offline, then good luck with that because that’s totally impossible. Mobile Applications App Store and Google Play Store conduct both the preclusion and periodical security check-ups to make sure that no apps should contain malware. Additionally, the mobile software provides direct access to the full extent of a device’s capabilities; while on the other hand, web apps depend on functionality provided by a specific browser. Well, there is another advantage of this particular format that almost all app development companies like the most and that is; it can operate offline. At last, we as users already use the mobile app store, so there is no need for a developer to invest resources for promotion. Free Vs Paid applications According to a number of surveys, the result came out that almost 90% of applications in the market are free. It also came into the spotlight that app like Uber, which charge for download will diminish in incoming years. Well, for your convenience, we have given a forecast through which you can understand the future forecast for app development. As you must have gone through the above statistics, it would be right for us to tell you that the amount of paid app decreased greatly in the year 2016 as compared to other years. As per the Gartner Research, we came to realize that customers will spend 24% more on in-app purchases than on paid-for apps. Things you should know before going for app development Quite often, businesses think about how to make an app, and straight after that, they decide to go for making an app with the aim of making as much money as possible. To be honest with you, apps are needed to be built in such a way so that they can earn money. The cost of making an app also depends upon the type of app being developed. As a matter of fact, an app will be totally useless if it doesn’t have the potential to earn profits. As per a survey, it was seen that around 63% of users prefer a mobile application for a reason of convenience. Evidently, it tells us that customers want an application to be fast, visually appealing and efficient. Other than that, payment is also a crucial aspect for most of the customers. It is commonly known that most of the users are skeptical about an app’s security which somewhat prevents them to buy stuff from you. Having a secure and reliable payment gateway will make things better. It is our recommendation that you must choose already trusted payment gateways like Google Pay, Apple pay, PayPal, etc. How are payments made on the Apple and Google Play Store? Apple Store Generally, iOS app payments are made in less than 45 days of the last working day of a month. In order to receive the payments, one must provide all the necessary bank and tax details and documents, and the minimum payment level should be maintained. Moreover, there should be a minimum threshold amount which you should have earned way before getting the amount credited in your account. If you didn’t do that, it’ll carry forward to the next payment date, until the minimum amount which is required is earned. Play Store On the Android platform, the payments are made in less than 30 days. There is no such thing as the minimum threshold when it comes to the amount you’ve earned with apps on the play store. The Google Play Store operates under the ratio of 70:30 payment distributions. To be precise, on the amount of money you earn with apps, play store keeps 30% and credits the rest 70% in your account. Can you make money from apps, while keeping the Store aside? To be honest, it is one of the most frequently asked questions in the app development industry. Well, the answer is yes. Apparently, the ways of making money through apps are all dependent upon the app stores and the technicalities of the respective application. However, there are some other ways to make money from your app and these are all under control of the developer. Now, it’s time for us to pitch those ideas to you: In-App Purchase It is generally seen in gaming applications. The in-app purchase module is where you attach a price on a specific item that your user would need for moving forward to the next level. Game developers have been making a lot of money, especially on mobile apps by offering the players with special features and add-on. In-App Advertising Whenever you allow another application brand to show their advertisement on your application, you can charge them on the basis of Click per Impression (CPI) or Cost per Click (CPC). You can make the most of the strategy by making it mandatory for the users to view an advertisement. Premium It is a mode of monetization where you offer an advanced version of your application in return for a small amount of money. Apparently, this is one of the best ways of making money with an application. To motive is to keep the best or premium version locked to let the users pay to use them. Sponsorship This is not usually the one that app development companies or app developers go for. Anyways, if you’d like to use it then, you have to find a brand that is offering an app just like yours, and then you approach them with a proposal of redesigning for obvious reasons, which results in an increased number of users for both of the developers. Now that you know how much money an app can generate, it is our recommendation to always go for a way that suits you and your app development company. Final thoughts If you have an app business idea that has the capability to turn things around, then make sure to contact Fluper in that case. Fluper is ranked amongst the top-rated app development companies all around the world. So, what are you waiting for? Fluper is waiting for you.
4 Comments
10/2/2022 06:37:29 am
Great article! I had a good time browsing your website. I don't leave very often remarks, but you deservingly get a thumbs up! Thank you for sharing your knowledge. Keep it up.
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29/3/2022 01:28:20 am
I very much appreciate it. Thank you for this excellent article. Keep posting!
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13/5/2022 03:14:13 am
Thanks for sharing this useful information! Hope that you will continue with the kind of stuff you are doing.
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