Ibiixo Technologies
THERE ARE DIFFERENT TYPES OF APP REVENUE MODELS, AND DEVELOPERS CAN UTILIZE SEVERAL OF THEM WITHIN ONE APP TO MAXIMIZE THEIR INCOME.
IN-APP ADVERTISING
- The in-app advertising market was valued at $66.78 billion in 2018. It is expected to reach $472.64 billion in 2027.
- Types of in-app advertisements to plan your ideas for the product:
- Smart Banner
- Native Ad
- Full-screen Ad/ Interstitial Ads
- Rewarded Video
GET TO KNOW ABOUT HOW TO GENERATE REVENUE FROM YOUR APP
IN-APP PURCHASES
- In-app purchases allow users to buy some features, content, or services within an app. They are quite a wide notion and include several types of revenue sources for your app ideas.
- Types of in-app purchases to plan in your ideas to the product:
- Purchasing consumables and non-consumables
- Freemium Model
- Subscription
DATA MONETIZATION
- If you are implementing data monetization in your ideas to a huge product, it might sound fraudulent. Because selling users’ data might not sound very nice and ethical at the beginning.
- However, it is in fact a legal way of making money. In the end, you are not sharing any personal information – all the data is impersonated.
DONATIONS
- Find crowdfunding platforms that invest in your app ideas for the best product.
- If you are not able to find the best investors by yourself, you can check out our video about the business angels that can turn your ideas into products in our next blog.
AFFILIATE MARKETING AND LEAD GENERATION
- If you came to a point when you have a considerable base of engaged users, you can implement affiliate marketing. Also, you can implement lead generation models in your app ideas to a successful product.
- There are lots of affiliate marketing networks that you can join for free to maximize your revenues:
PAID APPS
- The majority of the apps in application stores are free to download. However, you can offer some of your features as paid and most as free to get both benefits.
CONCLUDING REVENUE GENERATION FORMULA FOR IDEAS TO PRODUCT
The difficult task is to get ideas that can turn into a product. However, if you have done that resilient task, plan the best suitable revenue model for your application. If you need our assistance in making your weird ideas into an impressive product, get in touch with us. Experts at Ibiixo can assist you to build the solution that can take your business to a new height.
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Ibiixo Technologies
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