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Are you already the owner of an Android application and struggling to earn money from Android apps? Or perhaps you are thinking about making an Android app but aren’t sure how the application will return your investment. These are normal thoughts, and Artoon Solutions, an expert Android app development company, will put these worries to rest with this insightful blog.
Android apps undoubtedly have the edge over iOS apps! They have an immense following, meaning that they would be installed on a greater amount of devices. That said, there are more Android apps to compete with. However, Android app owners need not worry about their market share but rather about how well their apps return their investment.
Did you know there are several ways to earn from a free mobile app? It doesn’t take much investment to make money from your mobile app without converting your apps to paid apps. Sticking with freemium apps is something mobile users will appreciate.
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The most obvious way to have Android apps that pay you is to have your users pay for them upfront. Most app owners wouldn’t immediately introduce this feature, and it is only after maintaining a sizeable number of daily users that apps are converted to paid tools.
Why should you change your app to a paid one only later on? Because presenting it as a free tool can lead to people being willing to test your app.
The best money-earning app monetization method is slowly introducing a paid app solution instead of a paid one.
Premium subscriptions offer an extra feature in return for a monthly subscription fee. These subscriptions usually come in one standard plan vs. the free plan, which completely lacks the feature.
Premium subscription options are an excellent way for app users to get more value from your application. It’s a win-win solution for both app owners and users. An example of a premium subscription would be to improve the quality of services offered in the app or remove annoying in-app advertisements.
Membership plans usually offer several different grades or membership plans from which users can select the plan that best suits their requirements. Sometimes it isn’t just the features that attract the users but also the pricing plans.
There can be a lower, affordable plan and an upper, premium plan. Offering your users multiple options gives them the ability to choose one that suits them.
The membership plan is backed by having each plan have different benefits. This way, chances are greater that your set of memberships will be able to satisfy just about everyone’s requirements.
Read More: How To Deliver A Successful Android App For Business?
Most people wonder which apps you can make money on. However, the truth is that you can make money by monetizing any app. One way to do this is by selling products on your Android app. The ability to pay directly through an Android app is a feature that has been perfected with the help of plugins and modern solutions.
Selling physical products can refer to having an eCommerce app. Alternatively, it can also mean selling branded merchandise even if it isn’t an eCommerce or clothing shop!
If your brand grows large enough, its popularity will increase, and the idea of selling merchandized items will become worthwhile. You need not sell just merchandised products. An alternative is also to sell items that are related to what your app is about.
Perhaps, this is the most common way to earn from your app by doing nothing much! Selling ad space is nothing new and has been a popular method to earn money from Android apps, or iOS.
Advertising is a big business, and if your Android app has much real estate to offer, you will have a unique opportunity to earn a handsome amount if the space is used for in-app advertising. There are several options to choose from, Google Ads or a third-party ad network.
Read More: Key Factors That Affect Android App Development Cost
You can test both and choose based on feedback from Android users on the Google Play Store.
There is also the option to place customized ads, which have a higher tendency to attract users as it has related content. App revenue from ads will be directly reflected in your bank account at regular intervals.
Ads aren’t restricted to just clickable images, they could also include watching videos as video ads do tend to pay better than other ad types.
Read More: Top 8 Android App Development Trends
The concept of selling Virtual Items is not newly introduced. But that said, only a few businesses utilize this new monetization approach!
This could work in your favor! If only a few Android apps offer this, it means your Android app stands a chance to attract more users, eventually converting to greater revenue.
Virtual products would be a hit considering there isn’t much competition for this monetization technique! Virtual products refer to audio files, digital art, clips, and other digital items.
Selling of virtual items has become very popular in gaming apps with real cash purchases being highly prevalent in multiplayer action games.
A Collaboration can bring together two brands that are wildly popular already. A collaboration or two could be positive for your Android application.
Combining two brands can help to make users aware of other brands. Collaborating with a highly popular and successful brand would be a worthy partnership that could improve your ratings.
The brand collaboration can even be turned into ad campaigns that will help in mobile advertising and turn, this will help make more money for your app.
Many apps over time have evolved to suit modern-day requirements that users want and need in an Android app. After all, this is a quality of the best Android phone apps to make money.
An example of this would be to offer the facility to pay bills or make payments in general. Over the years, we have seen several Android apps move towards offering bill payments.
Your Android app can include a small section that allows for payments. This facility requires you to get a Payment gateway solution. This also involves an experienced Android app developer.
An alternative method of making money is starting a services-based Android application. On such an app, you would list suitable services (e.g., electricians, laundry services, and more) and allow users to book the required services. It can then take a commission based on a fixed percentage.
You don’t have to start an app that exclusively offers services to do this. You can have it as a sideline with any other application type.
Remember that your app still has to abide by Google Play Store and be customized to suit Android phones.
A monthly sponsorship fee would go a long way in making a free app earn cash for the owner. You can increase your list of sponsors by offering several payment methods including credit or debit card, Paypal account, and direct deposit.
In return, you can grant these sponsors gift cards. Additionally, if these sponsors are already using your app, you can allow them access to extra features or allow them, to earn points or return the favor with a smaller amount returned through Paypal or gift cards.
Read More: Cost of Developing an Android App
There are a few app ideas that will be better money-making apps that will help the owner make an ideal app revenue. Here are the best free app ideas to earn money.
With the opportunity to earn more money from apps, an Android app user should consider using a combination of methods. Doing this will help to increase the capacity of money-making apps and the amount owners can receive per app.
Apart from depending on the revenue generated from selling/renting out space for advertising, you can try other ways to make money with an Android app. If you want to develop an application, you can approach a leading Android app development company, Artoon Solutions.
You can get a quotation and even get your project started now! The only step you need to take is to Contact us.
The cost to develop an Android app varies based on the complexity and the requirements of the project. Availability of resources like app developers, features wanted from other money-making apps, as well as app offers.
Yes, a free version of your app can start earning money through video ads and other mobile advertisements. Apart from these mobile ads, there are other ways to earn from free mobile apps even by playing games. Another way to earn from Android apps is to complete tasks.
9 Best Ways to Earn Money From Android Apps
Are you already the owner of an Android application and struggling to make money through your app? Or perhaps you are thinking about making an Android app but aren’t sure how the application will return your investment. These are normal thoughts, and Artoon Solutions, an expert Android app development company, will put these worries to rest with this insightful blog.
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