02/02/2024
Today, we'll learn how you can monetize mobile apps in 5 unique ways... which means that you can have up to FIVE INCOME STREAMS from only ONE app...
๐. ๐๐ฆ๐๐ข๐ฅ ๐๐ข๐ฌ๐ญ๐ฌ:
Once you have a user base you can have tons of email lists and those people will be happy to be advertised by your other products through email marketing...
According to Wiselytics, the total life of a Facebook post is only a few hours...
While a tweetโs lifespan is just over an hour...
Email, on the other hand, has a lifespan of 12 days.
๐. ๐๐ง๐-๐ญ๐ข๐ฆ๐ ๐ข๐ง-๐๐ฉ๐ฉ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐๐ฌ:
One-time in-app purchases are products that a user pays for just once.
These purchases can be of digital or physical goods.
๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐: Udemy, Coursera, etc
Let's consider that 10k users have bought any paid product from your app using an ๐ข๐ง-๐๐ฉ๐ฉ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ which costs only $6.77 for them to buy, hence...
๐๐,๐๐๐ ๐ฎ๐ฌ๐๐ซ๐ฌ ๐ฑ $๐.๐๐ โ $๐๐๐ค ๐ซ๐๐ฏ๐๐ง๐ฎ๐
๐. ๐๐ง-๐๐ฉ๐ฉ-๐ฌ๐ฎ๐๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง:
Subscriptions are a special kind of in-app purchase...
where a user pays a fixed subscription fee every week, month, or quarter.
๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐: ChatGPT4, Spotify, etc
๐. ๐๐ฉ๐จ๐ง๐ฌ๐จ๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ:
Generate revenue from a free app through sponsorships by...
partnering with influencers and businesses to promote them within the app.๏ฟฝ
๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐: โJazzโ does this
๐. ๐๐ ๐๐จ๐ง๐๐ญ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
Integrate advertisements within your app, either through ads.
There are a lot of advertising providers such as Facebook, Google AdMob, etc. ๏ฟฝ
Use what fits best according to the Cost per 1000 impressions (CPM) rate.
More CPM = More Revenue
JazakAllah :)