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Why are people flocking to video streaming apps amid the Coronavirus lockdown?

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Desmond Ivana
Why are people flocking to video streaming apps amid the Coronavirus lockdown?

Several parts of the world are under lockdown, as a step to break the transmission chain of the global COVID-19 pandemic. People who stay indoors and practise social distancing are seeking the help of social networking apps and video streaming apps to spend their time during the lockdown.

While some connect with others through online dating apps and social media apps, some find solace by signing up with video-streaming apps like Netflix, Amazon Prime, etc., to watch their favourite series. This tells you why you should build your own on-demand video streaming app amid the Coronavirus chaos, for increased revenue and immense traction among your target market.

The popular apps are witnessing a spike in their subscriber rate and are coming up with offers and discounts to attract new subscribers to their platform. You can also market your app to reach a large segment of the audience in a short period of time.

Here’s how you can earn high profits by launching an online video streaming service:

Subscription fees: It is the primary revenue stream when it comes to video streaming. Allow users to access your content for a fixed price on a monthly, quarterly, or yearly basis. It is your stable source of revenue in the long run.

Adverts: You can display ads on your app platform and earn a considerable amount of money for the same. It is also another stable source of revenue from the app.

How you can join the bandwagon effect

Many companies have started developing their own app platform to offer videos on-demand. You can join this bandwagon by building your own app. You can either go with developing the app from scratch or customize a ready-made video streaming app clone solution.

In the current scenario, customization of a readily available solution like Netflix clone is the best option to consider. These Netflix clone scripts can be quickly personalized to suit your business model in a jiffy. Also, these are loaded with all the necessary features needed for the app’s seamless operations.

You can connect with a leading app developer in town and discuss your needs. Some even provide a live demo to help you understand the app functionality. Once you are pleased with their demo session and previous works, you can get on board with them right away. Get started now for increased revenue!

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Desmond Ivana
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