Understanding how to monetize your mobile application is a crucial aspect of app development, as it will help you earn revenue while you’re satisfying your users needs and providing them with a great user experience.
Whether you’re running a large international enterprise with thousands of employees and clients, or you’re a solo developer looking to build your first app, you need to understand how to generate money from your mobile application in a way that would be most beneficial for your business, but also your users.
So, what exactly is app monetization? The short answer would be the process of leveraging an application’s user base and converting their actions and engagement into a stream of revenue. A more detailed answer would be that monetization is a specific framework that defines the exact ways in which a mobile application drives revenue and generates return on investment (ROI) - a framework that enables you to answer these questions:
- What source of income am I pursuing with the application?
- What value will I be providing and at what price?
Mobile app monetization is a way for you to earn income from your mobile application - it enables you to take luck and chance out of the picture, and take control of the aspects that affect the success of your application on the market.
In an ideal world, you could create a mobile application, launch it and immediately start earning money. Since the current app ecosystem isn’t an ideal world, you need a monetization strategy to take care of the money aspect.
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Hi! Mobile game monetization is the procedure of creating systems in a mobile game that will make your game app profitable.
The best solution for every game is to choose the right monetization. Many programmers want to monetize their mobile game. There are many different options for this. So you need to choose one or more monetization methods that are most suitable for your mobile game.
There is a paid mobile game. But even a paid game can be further monetized. Paid and free versions of mobile games can include in-game purchases. By playing a game, the user receives bonuses or acquires and replenishes assets for watching ads.
For free-to-play games, the only way to monetize is through advertising. This method allows players to enjoy the game for free.
In addition, players can get extra bonuses for advertising.
But also the following ways of monetization of mobile games may be the optimal solution.
Freemium games. This type of monetization allows you to use the game for free up to a certain level. To continue, you must buy a full version.
Subscription-based games. Subscriptions offer players certain benefits for a fixed price for a certain period of time.
You can read this article for more information on this topic and mobile game monetization