If you have ever wondered how free apps make a profit, the following article explains. Well, read on!
If you mention that you read this article, Crowd Hub will provide a free customer journey strategy and project scoping for free. And if you eventually sign a letter of intent, we’ll throw in free wireframing for your project.
1. In-App Text Marketing Makes Money
Using in-app prompts, like those used to collect email addresses, you can send notifications of reminders, app updates, contests, and promotions directly to your users’ text message inboxes. This SMS app marketing technique is one of the most effective ways to build your brand credibility as it gets users to come back to your app.
2. Score with Subscriptions
Another way to make money through free apps is by charging users. Content, not functionality, is what counts most in subscription-based apps. This model is commonly used by companies promoting B2B initiatives and requires applications to regularly deliver their services (distribute their content) to customers. This is one of the incredible ways to increase your revenue.
3. Freemiums Increase Your Finances
Everyone loves to have free goodies, so it’s easy to see why it’s most popular to offer your app for free and then restrict certain features or functionality in the mobile app, which requires a one-time payment to provide full access. Being “free” attracts the user to download the app and lets them check if they like it, and then if they find they use it frequently and like it, they are more likely to pay for full access and enable premium features of the app.
4. Ad Networks & App Publishers Make It Rain
Mobile advertising is the easiest and most common way to get money from a free app these days. Using ad networks, app publishers can make money solely from ad revenue by offering their apps for free. You can take advantage of these fantastic advertising techniques to generate good revenue.
5. Bring in the Benjamins with In-App Purchases
What’s more, free mobile apps make money when they contain items to sell. Shopping is not tangible. They are virtual and are used only within the application. Thus, people can get some products or services for one-time use or have constant access to them.
By incorporating revenue streams from the app and using several different monetization strategies simultaneously, you can start to rake in the money. Let Crowd Hub create a profitable strategy for you and your app.
Oh, and One Last Thing
Knowing all the ins and outs of developing and marketing your app can be overwhelming for anyone. Crowd Hub wants to do it all for you. For professional advice and guidance on the matter, get in touch with the Crowd Hub.
With years of experience and an average rating of 4.8 stars or higher in both Android and Apple App stores, we can help you create an app that is both easy to use and well-liked.
If you mention that you read this article, we will provide a free customer journey strategy and project scoping for free. And if you eventually sign a letter of intent, we’ll throw in free wireframing for your project.