After creating an app and getting people your loyal users, it is time to make money out of it! Now that you put so much efforts with your app, it would be great to reap the fruits of victory, right? We listed the best practises to manage app monetization for you to get the best fruits. ☺ Let’s start!
What is App Monetization?
Let’s start with the definiton of app monetization. The definition of it is very simple actually. As it can be understood from its name, app monetization is to make money from a mobile app.
The mobile world has grown enormously. Accordingly, the number of mobile users also increased. So, making money out of apps can bring huge amounts of revenue. But, there are something you should be careful about. Let’s have a look at them.
Choosing The Right Ad Format And Ad Placement
There are lots of mobile ad formats such as banner ads, native ads, interstitial ads etc. To get the best results, you need to put the one which is the best for your app.
Ad placement is also another factor you should take into consideration very carefully. You might have thousands of daily active users. Disturbing them with a wrongly placed ad might make them not use your app again. If you do it, you will not earn but you will definitely lose.
You can get more info about choosing the right ad format and ad placement by here.
In addition to ad monetization, in-app purchases is another efficient way to make money out of your app. There are so many types of in-app purchases. For example; you can provide your mobile game users a ‘’skip’’ right, demanding a fee. Thus, you get money out of your app.
App monetization can turn you into a millionaire. But all the success depend on your monetization practises and strategies. They might be difficult to cope with on your own. But don’t worry. You can get help from here on the way of yours to your own kingdom. ☺