How much money can you earn with free apps in 2020?

how free apps make money in 2020 how much money can you earn with free apps making money application agiletech

How Much Money Do Free Apps Make?

How To Create Successful Mobile Apps?

Start with an idea

  • Understanding what problem you are targeting
  • Identifying what service your app will offer
  • Deciding the features of your app

Market research

  • Target audience — If you’ve already have a clear vision of the target group, it will be easier for you to enhance the success ratio. For example, if you are building an educational app for kids, it is important to go with a monetization strategy that offer free services.
  • Competitor — In the end, this step gives you a hint about what strategies similar apps prefer and how much money they make with an app.

How to create top-class app description?

Choose a catchy name

Create informative app description

Design an eye-catching screenshots

Technological preference

How To Earn Money With Free Apps?

  • Freemium model (with features purchased additionally)
  • Paid apps
  • In-app purchases
  • Subscription model
  • In-app advertisements
  • Sponsor and partnership monetization
  • Crowdfunding

Freemium

In-app purchases

1. Consumable items

2. Non-consumable items

3. Subscriptions

  • After downloading free app, users will receive a trial period, often for 7 days.
  • When your free using time is end, if you continues using the app, they will buy a subscription for a weekly, monthly, or annual fee.

In-app advertising

  • Cost per view (CPV): This model means that the more times users of your app watch video ads, the higher payout you get.
  • Cost per Click (CPC): You get the payment when the app users click on display ads.
  • Cost per install (CPI): With this campaigns, you get paid whenever a user of your app installs an advertised application.
  • You should choose ads that can’t damage your brand.
  • Slow ads can ruin the user experience.
  • Otherwise, 78% of consumers will happily accept mobile advertising that is relevant to their interests.
how to make money from apps by in-app advertising for mobile app agiletech
  • Banner ads: The banner ads usually place at the top or at the bottom of a screen and have some text and graphics. But the engagement rate of such ads is quite low. It also depend on brand recognition.
  • Interstitial ads: This type of ad have additional benefit of an expanding, full-screen experience. However, the possibility to take up a user’s full screen can be disruptive. Therefore, it is important to place these ads at natural pauses.
  • Video ads: Typically, video ads appear during natural pauses of app usage and last 10–30 seconds. eMarketer believes U.S. mobile video ad spending will reach $24.81 billion by 2022. So that, this is a great choice to earn money through apps.
  • Native ads: Native ads are designed to match the mobile app’s user experience. Thus, they are seamlessly integrated into mobile applications, making them subtle but quite efficient.

Sponsorship

  • Split the revenue with your sponsors
  • Receive a monthly sponsorship fee

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AgileTech Vietnam

AgileTech Vietnam

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