The mobile market is developing in leaps and bounds. It is difficult to imagine how much money rotates in this area. According to statistics, for the first quarter of 2018, the total revenue of mobile applications in the world amounted to $ 2.4 billion!
Every day, the number of smartphone owners and developers who realize that making money on mobile apps is a real goldmine is growing. Statistics say 45% of developers earn more than $ 1,000 per month.
If you are new to the market, going to join it soon, or simply have a really cool idea to monetize app – one of your first questions will probably be related to possible profits. Creating an app and making money needs making no mistake – a good application will require a lot of time and effort but this work will be rewarded.
How to make money creating apps? How much do apps make? The essence of earnings is to develop a mobile application, which is then monetized according to one of the schemes discussed in more detail below. The mobile application is a special program for a smartphone that performs a particular task.
For example, any game is a mobile application, as it performs an entertainment function. Even if the game is free for the user, it can bring millions of dollars to its developer. How much money do apps make on Android platform? Due to the large market reach, Android is also a good platform – 16% of Android application developers earn more than $ 5,000 per month. Mobile applications can be done alone, having independently mastered programming skills (the benefit of lessons and articles on the Internet is enough), and getting a higher education in the direction of “Programming” with further employment in the company or self-employment.
Mobile app monetization market is full of opportunities. Obviously, free applications with embedded advertising are leading the market, so it’s most advantageous to use a distribution model. You can also connect and combine various methods of monetization. They can bring additional income but you should not overload your application with advertising and paid features, as this can alienate users.
Earnings on mobile applications are interesting and if you have even the slightest desire to try your hand, go for it!