Create an app is the best idea to earn money. You don’t need to be have the great technical skills or be the great business man to build the apps. Even if you have a fantastic idea and you can also create some best app, don”t worry where it is right or wrong your work is to maximize users and thus revenue is a very important aspect in the success of your app..
You can also refer the Mobile Applications to make money
Few persons can join with the company to get the fund to develop their apps and work on growing a user base. You can make the monetization from day one itself your users are willing to pay to solve the problem you’ve identified
Freemium is an exciting business model adopted by apps in recent times that is monetization option for games and apps generating most of the revenue.it is raking in 76 percent of all revenue in the Apple App Store in the US and over 90 percent in the Asian markets
A freemium business model app or game charges free to the user make addicting with limited features, content or virtual goods. Thousand of the Users can access a premium version or additional content and feature through in-app purchase. This route has also been offered for subscribing by the purchasable content in monthly content updates.
The free app or game with an in-app purchase removes the price point as a barrier for people to download an app and gives the developer the opportunity to prove the value of their product.but will have the opportunity to make purchases within the app to enhance the experience.
CSR Racing reached 12 million $ per month due to the sales of cars and improvements during the game.
One can offer premium or additional content or offer basic features for free that require the user to pay to use complete functionality of the application. angry bird as the example of which offer additional content, updated every month for a subscription fee.
It is suitable for all business model: we put a price on the app or game and the markets, by applying sales commission ,periodically take our part of the download profits. You can add the additional features and set the pay also for that too. it is very simple just buy it and own it. But as the simplest it is also not the best because of so many free options which makes users less likely to buy first.
This business model often supports a free demo version that secures the initial downloads and gives recognition to the product then set to pay to download an app and then pay again to avail more features .
An example of an app with this strategy is the flight tracker app in the top 100 apps, Flight Radar Pro.
Free apps with advertising.