Money from android apps

9 Best Ways To Earn Money From Your Android Apps

Android, currently the most popular and open-source operating system for mobile devices, is used globally nowadays. Also, currently, most developers are eager to learn android app development. Various job openings are also available as an android app developer in various MNC’s and startups as well. Computer science students are also making apps for project purposes or future startup purposes. Apart from these, many small individuals are earning a lot of money just with a single android application. In this article, we will look out for some ways from which you can earn money with your android apps.

Find the Key Purposes of Your App: Before proceeding further, we recommend you figure out the key purposes of your app and note it somewhere so that after going through these ways you can decide and choose which revenue generation model suits best for your app. For example, online music streaming services like Gaana and Spotify are generating revenue from Advertisements and Premium Subscriptions. It will be weird for users if they will start selling the physical goods and provide the services for the bill payments. So identifying the key purposes of your app will help you find the best revenue generation, model.

1. Crowdfunding

Crowdfunding is completely different from the normal revenue generation model, but it is being used nowadays. This model cannot be implemented in normal applications. Your idea should be a great help to the community. Your application should be authentic, valuable, and it should provide free content or any free services. Kickstarter, Indiegogo, CrowdFunder, and AppsFunder are the platforms where a custom software developer can raise funds for their marketing or development needs. As per the statistics, On Kickstarter 138 Free app ideas were funded between $10k- $100k. Also, a game named Hello Earth with a cat character generated $148k.

2. Sponsorships

Sponsorships can be said the best monetization option available currently for apps. Because app developers and owners want to generate revenue without affecting the experience of the user. In this way, you can directly get connected with the specific brands, and then you can control the type of ad based on your application. Also, you can analyze your visitors and can decide that this type of ad is best for your target audience. Starting with this revenue generation model is not long you have to just connect or send message to the companies which can sponsor you. The target audience should be the same for your sponsor as well. Many times they can also connect with you via email and can tell you to sponsor their product.

3. Selling Virtual Goods

Virtual goods are non-physical objects or assets that can be sold in online communities, marketplaces, and online games. Selling virtual goods’ revenue generation model can be mostly found in online games as well as on social media platforms. In online games, virtual goods can be a type of life-saver, level up more quickly, unlocking many features which can be done physically also, but it can be time-consuming. The willingness opportunity of the user is used here when a user wants something with curiosity. Even he can pay money for that then this opportunity of selling can be the best revenue generation model.

4. Selling Physical Goods

Physical goods are also a good way of generating revenue from mobile apps. After getting a fair idea of your target group of users which are mostly using your application. You can sell physical goods that are relevant to them. Also, an e-commerce application is based on this revenue generation model, but even you are not making an e-commerce application then also you can sell physical goods through your application. The only condition is to just sell the products which are relevant for your users.

5. Advertisement

Like for websites and for blogs we have Google AdSense. Through it, we can easily integrate ads into our website. Similarly, there is also an available service for application by Google only, and it is called Google AdMob. Google AdMob provides you the service through which you can impose ads on your application. There is also an algorithm AdMob is using that will show the only relevant ads to the user. Refer to this article Overview of Google Admob to get more information about AdMob. You can also implement Facebook Audience Network. Facebook Audience Network is designed to help monetize with the user experience in mind. By using high-value formats, quality ads, and innovative publisher tools help to grow the business while keeping people engaged.

6. Premium Subscriptions

Premium subscriptions, in this revenue generation model you have to charge certain money from the user which provides them a premium subscription for your app. You can give them an application for free usage also, but you can limit multiple things there and to get rid of the limitation of that service or product users have to buy your premium subscription. This is going to be practiced more nowadays. Users will definitely buy your subscription if you are providing them a premium and valuable content.

7. Physical Services

By providing physical services through your application you can also make money. In this method, you have to provide a service that users want, If you were able to satisfy their needs then they are definitely going to pay you for it. For example, you can provide them electrician, a cab service, a house or property listed for rent or buy in a particular area, and many more.

8. Electronic Bill Payments

For electronic bill payments, you have to provide an option to the users through which they can pay their pending bills of electricity, water, landline, postpaid connection, DTH, and many more. Because users prefer to pay bills from a mobile phone rather than paying it by visiting local offices or cyber cafés. For bill payments, you will charge nothing from users, but you will get a commission on every bill payment by the companies or authorities for which the user pays the bill.

9. Paid Apps

If you are providing a service or some premium content, for example, an eBook, that is not available easily in other free sources and if they are then there is not a better user experience. Then you can charge one-time money from users and then only they can use your app. In these types of apps, you should not show ads and should not create a disturbance when the user is using the service. They should feel that you have charged a reasonable amount of money from them, and you have provided them a good service. Then your application will grow vastly, and it will get a tag by users that this is a value for money app.

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How to Earn Money From Play Store by Making an Android Apps on AppsGeyser

A huge potential is present in the Android mobile app development services for application development and earning money. However, keep this thing in mind that not every application that is present on the Play Store earns money. According to statistics, there are almost 3 million applications present on Google Play. There is huge competition present among different applications over the Play store. An application is required to contain a brilliant idea and must have a huge amount of target audience to be successful and earn revenue over the Play store. By using proper strategies, the applications not only earn revenue over the Play Store but the cost of maintenance and development of the application is also reduced.

In this article, you will learn how to monetize your AppsGeyser mobile app.

How to earn money from Google Play Store by making an Android App

Have you ever wondered why people use mobile phone applications? The simple answer to this question is that mobile phone applications offer a lot of conveniences and it is the sole reason why people use mobile phone applications. The people who use Android apps demand it to be quick, effective, and visually captivating. In order to learn how to earn application revenue, it is essential to learn about the ways in which payment is usually made in the Play Store.

How payments work in the Google Play Store?

The payment method works in the following ways in the Google Play Store.

• In the case of paid android applications, the amount of money the application will make will be credited to the account within 30 days period.
• The payment method of the Google play store is based on a 70:30 payment ratio. It means that for the money the application makes 70% of the money go to the application owner and 30% of the money will be kept by the Google play store.

According to statistics, the global revenue of Android is almost 71.3 billion dollars in the year 2019. During the years 2017 and 2018, the revenue growth of Google Play Store increased by 27.3%. The percentage of increase in the application downloads was found to be at 13% in the case of Google Play Store.

How much money can you make by publishing Android apps?

One of the important considerations by making an application earn is to correctly choose the platform for which you want to develop the application. Google Play store is one of the most remarkable platforms for publishing and distributing Android applications. It provides many benefits to the developers including different methods to measure the growth and performance of the application over Play Store. Some statistics say that Android developers usually earn around $5000 with their applications over the play store.

8 ways to earn money from Android applications on Google Play

A variety of different strategies are present for Android applications to make money. These different strategies are incorporated inside the Android application to get maximum revenue. Check out these strategies and apply them to your application. You can use one strategy or multiple strategies at the same time in your Android application to gain revenue. The details of these strategies are as follows:

1. Using In-App purchasing

The majority of the gaming applications present over the Google Play Store involve using in-app purchasing. In-app purchasing is a very powerful option that is available for the developers to incorporate within their Android applications. The in-app purchasing option works in a way that some special features or functionalities are introduced in the application that requires money. To get access to the special features and functionalities the users use different kinds of payment methods to make the purchase and acquire their required items within the application. In this way, revenue is earned with applications. Ensure that the functionality that is present in in-app purchasing, improve customer satisfaction and involvement in the applications. One common example of In-App purchasing is the game Candy Crush. This game earns a revenue of around $800,000 a day with the help of in-app purchasing.

1. Using In-App Advertising

In-App advertising is another powerful option that can be used for earning money with android applications. Different companies are present that offer in-app purchasing. These companies use different models that are used for advertisement. One famous model is known as cost per click model for the advertisement. The partnered company usually requires a small commission from the advertisement. One rule of thumb for using in-app advertisement is to use relevant advertisements that conform to the content of your application.

1. Try to use a subscription model for the application

Using the subscription model inside the application proved very successful for many companies. The Netflix company is an example of a company based on a subscription model. Try to offer search content and material to the target audience that shows some real value. Try to make interesting content so that the users would like to spend more time on the application. By engaging the audience into using your application, you can get profit from your application. Therefore, using the subscription model for your application can prove a great way for making money from the application.

1. Try to create an Android application that runs on multiple Android devices

Imagine that you have created an application and it only runs on mobile phones. Surely, you will miss the users that use applications over their desktops and tablets. One simple solution to increase the audience of your application is to make the application compatible with different Android devices. It is important that all users have access to all applications and have quick access even to information like unblock pirate bay. Create your application in such a way that its graphics and other assets are compatible with running on multiple Android devices regardless of their size, resolution, and versions.

1. Finding a sponsor for your application

Using sponsorship for your Android application is also a clever way of getting money from apps. For using sponsorship, first, you have to find a company or a brand that is using a similar application like yours in the Android marketplace. After searching the company, You get their sponsorship, and customers for your company will increase.

This mode of monetization is very interesting. Freemium model includes the process in which different companies offer advanced versions of their mobile phone applications to the target audience. In this way, the users will spend an amount of money in exchange for the application. It is one of the most profitable and guaranteed ways of making money from apps. The basic idea behind this freemium is that the core premium features of the application are kept in lock and they are only unlocked for the people who want to spend real money on the features.

1. Research your competitors

In the world of Android apps, different competitors are present in the Android marketplace. To make an application successful, it is necessary to research the competitive applications that will be in competition with your application on the Play Store. For getting successful among different competitors, it is necessary to make applications with captivating and unique features that are new for the target audience. Create such new features for your application that are very useful for the users and they engage the interest of the users in using the application. Doing proper research about the competitors and creating an application that stays ahead of the competition is a sure way of earning money from publishing app on the Play Store.

1. Invest your time in researching the profitable categories of the Android application

One of the most extremely important points of creating an application is to ensure that there is a requirement for that application in the market. If you create an application with no target audience, there is no way that such an application can be successful. Before creating an application, it is vital to invest time and do proper research in searching for the profitable niche of the android marketplace. Some common categories of profitable Android applications are :

• Social media applications,
  • Music-related applications,
  • Applications dedicated to entertainment purposes,
  • Games,
  • Business and finance applications.

Summary

Millions of Android applications are present over the Google Play Store. For earning money from the Play Store by making and publishing an Android app, it is important to create an application that has real worth. By researching proper competitive applications and profitable niches in the Android marketplace, a successful Android application can be created. Different strategies can be used for generating income from Android applications. These strategies include

• In-app purchasing,
• In-app advertisement,
• Using the subscription model for the application,
• Finding a great sponsor for the application,
• Using the freemium version of the application,
• Researching profitable niches for the Android application,
• Creating Android applications that run on multiple Android devices.

Frequently Asked Questions

There are several popular ways to monetize your Android app: In-App purchasing, In-App Advertising, Subscription, Freemium, Sponsorship.

You can earn money after uploading your app on Google Play Store by choosing one of the methods of monetization: show ads in your app with AdMob; charge users for app download; offer in-app purchases; charge monthly for access to your app; charge for premium features; find a sponsor and show their ads in your app.

In-app advertising is the most popular and profitable way to monetize apps. By showing banner ads and getting clicks, developers can easily make $1000 and more per month.

Create your app on AppsGeyser, it’s free. Then create Google Play Developer account. You’ll have to pay one-time fee of $25 to Google. After approving your account, you will get access to the console and will be able to upload your app.

Successful Android developers earn around $5000 with their Android apps on the Play Store.

You need to pay one-time fee for the registration on Play Store – $25. After that you can upload any number of Android app,

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