Mobile applications can be a great source of income for mobile app developers. As we all know that a Google Play Store has a huge customer base, considering that in mind, mobile app developers can earn money from Google Play Store through various means. Let’s discuss them one-by-one –
Simple Steps to Earn Money from Goggle Play Store
There are very simple methods that a developer can use to earn money via apps. If you are a mobile app developer and you believe that you can get attention and praise from the users worldwide, you can easily monetize mobile apps on Google Play Store. You can submit apps to Google Play Store no matter what category if it’s user-engaging, it can serve you handsomely.
Making Money Through Paid Apps
This is the most direct method to earn money from the Google Play Store. You can make money by selling apps on the Google Play Store for the apps you have developed. Though, making an app paid is quite easy but selling it quite not. A paid app must have USP (Unique Selling Point) that differs them with other similar apps and make sure that your apps have something more. So, keeping that in mind, it is safe to say that a developer must be confident before making it paid. Please, not that a mobile app developer can’t change a free app to paid app later. Interestingly there are other methods as well even with the free app and to know more just keep reading.
Making Money via In-App Purchases
Now, we have in-app purchase as a second method and it’s pretty good and serves the mobile app developer really well. But, in order for this method to work, a mobile app developer must understand that this method is only successful if the app or game is infesting and user-engaging. Depending on the app/game this method could be the game-changer for the mobile app developer and can give him a handsome sum of money. You can release game items now and then to attract customers and give a choice to win it or buy it with in-app purchase option. In-app purchase is one of the most common methods to earn money from the Google Play Store.
Making Money via In-App-Advertising
Almost half of the apps on Goggle Play Store have in-app advertising and you can have this method as an alternative to in app-purchasing. In the past few years, it has been a great source of earning money on the Google Play Store. However, it is declining day by day but anyway you can earn a great deal of sum through that method, no doubt in that. The best thing about this method is that you can use in-app advertising instead of selling the app. Your audience can enjoy all the services for free but there will be ads. Furthermore, you can also give the option to disable ads buy subscribing to premium membership.
Making Money via Sponsorship
Sponsors can help your apps in many ways and their benefits are multi-folds. Furthermore, sponsors can also help you with your regular app development processes such as designing, development and marketing cost. Therefore, sponsorship for your app can increase the overall revenue and thus make everything fluid for you.
Making Money via Subscription
For instance, you have a great app and you started it as with regular options and features. Now, your app is popular among your users, you add more premium features. You can give a free trial to these premium features for a few days and if they liked it they will subscribe to the premium features of the application. Overall this feature is best and caters the needs of different types of audience
These were the few methods through which you can earn money from the Google Play Store.