5+ Best Ways to Make Money Through Apps in 2021
Among the top ways to make money through apps, advertisements are considered the most reliable method.
Mobile apps are one of the best, if not the best, ways to make money. Be it an individual developer, or an enterprise, mobile apps can not only help you in marketing, but with elements such as advertising, you can make good money from these mobile apps.
A few trending ways of making money from apps in the current market are in-game purchases, premium features, additional graphics, and more. App categories such as gaming, education, graphic designing, and wallpaper, among others are known to make good money even without having to use ads. Though with enough users, ads can be the source of really good income.
A report by AppyPie suggests that the top 200 mobile apps on the app stores earn approximately $82,500 per day. A few top gaming apps are capable of making an approximate revenue of $3,500 per day.
Furthermore, we are discussing a few ways to make money through apps. This information will give you a crucial reason why you should think about investing your time, money, and efforts in a mobile app.
Top ways to make money through apps
In the initial stages, the app development process is all about investments. Even if your mobile app is developed and published on app stores, it still requires a good marketing strategy to make the app popular. As suggested by the top app development companies, for an app, the number of users is the most important factor. This factor also affects the earning that can come through mobile apps. Thus, if your goal is revolving around making money off apps, you will have to keep a few things in mind while building the app.
Average approximate annual revenue of the Top 100 apps from app stores
- To make good money through apps, you will need to pick an idea that can be monetized. For instance- it can be building a gaming app or selling wallpapers.
- App marketing is a crucial part and requires a lot of money and patience. So, you will have to strategize it properly and wait for results.
- User satisfaction is the key. If your users are not satisfied with your app services, they will not pay you to use premium features.
- Free trials are always useful. You can give users a taste of your premium services so they pay you if they love these features. It also helps in building user trust.
Best app ideas to make money
Now, making money creating apps is possible if you are offering something that users want. Take Netflix, one of the best money making apps, for instance, it offers a streaming service that has a huge database for entertainment. Thus, users want to pay. Moving further, let’s discuss such ideas that can help you in making money creating apps.
- Making money off apps with an in-app purchase option
One of the most popular ideas to make money with apps includes in-app purchase features. This option is used in apps such as Video Streaming Services, Mobile Games, Music Apps, Wallpaper apps, Notepad apps, and more. You provide the app with a few basic features for free so that the user has a source to build trust. However, the same app keeps a few features locked and users pay if they love to use them. You can make good money with this option if you have a monopoly over premium features. If you are new in the market, it would be good if you first take the help of any good mobile app development company for your first project. Or, you can also get your app reviewed when you are done.
2. Apps that make money with ads
Advertisement is one of the crucial ways to make money through apps. You can build a social media app, web browser, or just gallery app. If you get it installed on a good number of devices, you can show ads on these apps and earn through them. However, your income entirely depends on the level of clients that you have managed to secure.
3. Making money off apps by selling items
If you own a business that sells items such as furniture, clocks, groceries, or anything- you can increase your sales through mobile apps and reach more customers. Moreover, you can also integrate a dedicated wallet where your users can keep cashback safe from shopping at your business. It will motivate them in making more purchases by using those cashback from your business.
4. The best way to make money with apps by selling photos, videos, and music
Some of the most popular examples of the best mobile apps to make money are Shutterstock, GIPHY, and more. These platforms sell videos and photos or give them on rent for a limited time to make money. If you are an artist or you own a company of the same nature, you can use mobile apps to sell arts, photos, or videos or rent them out to make money.
5. Collect surveys and sell them to make money
You can build a survey-based app like Google Opinion Rewards that collects the user’s opinion about different topics. Later, you can sell the collected data to third-party users who.
6. Making money through food delivery apps
Food delivery apps are one of the most popular ways that can be used to make money currently. Currently, apps such as UberEats charge service fees for their services apart from other fees such as Packaging fees and delivery charges. The service fee is the main source of revenue that the owner of the food delivery service gets. This principle can also be applied to cab-sharing services.
To conclude- How to make money from an app?
Well, top apps for making money can really be helpful in creating a source of passive revenue for developers. Thus, a perfect strategy is important. A few factors that you can consider before you decide to build one of the best mobile apps to make money are-
- Consider the level of income of your target user
- Are they ready to pay for premium services? Figure that out
- Choose the right platform- Android, iOS, or both
- Choose the right type of app- Native or Hybrid
Hopefully, this blog helped you in finding a few best ideas to make money mobile apps.
All the best for your app!
