How To Make Money From App Development? (How to Build a Profitable Mobile App in 2023?)

Do you want to Learn – How To Make Money From App Development?

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Friends, Mobile phones are everywhere.

From the young to the old, everyone is using mobile phones.

And they have to, because mobile phones have become a very integral part of our lives.

There were numerous things which we do every day, for which we need a mobile phone:-

– Apart from the simple functions of calling our friends, or work associates…

– We can watch videos.

– We can listen to songs.

– We can send and receive emails.

– We can be in touch through communication apps like WhatsApp, Telegram, Signal, etc.

– We can read/ watch the news.

– Etc.

And come to think of it, whenever we need to do any stuff on mobile, then we have to do it through an application.

For example:-

– When we want to call someone, then we have to open up the phone calling application.

– When we want to see the list of all contacts, then we have to open the contacts application.

– Whenever we want to see any movie, then we have to open up a movie related application, like Video Player, Netflix, Amazon Prime Video, Hotstar, Disney, etc.

– Whenever we want to read news, then we have to open up a particular news related application.

– Whenever we want to get in touch with our friends, then we need to open up messaging applications, like WhatsApp, Telegram, Signal, etc.

– Whenever we want to invest in some shares, then we need to open that particular stock broker’s application.

– If we want to book a cab, then we have to open up a particular application.

– If we want to order food, then we have to open that particular application.

– Whenever we want to do shopping, then we need to open up the shopping app. For example:- Amazon app.

– Whenever we want to do any banking related transactions, then we need to open the particular banking app on our mobile.

– And so on…

So, it is very clear that there are lots and lots of applications on every mobile phone, and whoever has developed such applications, those people, or those companies are making a lot of money.

Sometimes, when certain applications become very popular, then the earnings potential is really huge.

Thus, Mobile App Development can definitely be considered as among the Highly Profitable Business Ideas, which one should explore further.

In this article, let us discuss how you can make money by making mobile applications.

How to Make Money from App Development?

How to Build a Mobile App That Actually Makes Money?

There are numerous ways, in which an application developer can make money through mobile applications.

Like:-

1. In-App Advertising.

This includes placing advertisements directly inside your apps, so that when people are using the app, then they can see the advertisements.

2. In-App Purchases.

Generally, the apps provide some basic functionality along with some initial features. In case, the subscriber wants additional features, then they can be included for an extra fee.

3. Subscription Model.

4. Paid Apps (without advertisements).

5. Sponsorship.

6. Affiliate Income.

7. Selling Merchandise.

8. Crowdfunding.

-Etc.

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Major Platforms for Uploading Apps.

There are two major platforms on which developers can upload their apps one is Android and the other is IOS.

1. Android Platform.

On the Android platform, the developers can insert advertisement related codes, by registering with Admob.

Admob is a similar product to AdSense, but the difference is that – Adsense is mainly used for websites, whereas Admob is used for Advertising within apps.

After making the app, the developer registers himself on the advertising website from there he gets a code.

He can then insert this code into his app. This code enables advertising to be shown within the app and the developer can earn money.

As more people watch the advertisement within their app and click on the same, the earnings of the developer increase.

Thus, making a mobile application is a very good method to make money online even while working from home.

2. IOS Platform.

On the iOS platform, generally, the developers put up a specific sale price and sell their apps.

Here also, as more and more people purchase your app, the more your earnings will increase.

How To Make a Mobile App?

There are in fact, three different methods through which you can create your app.

We can classify these methods based on the difficulty levels:-

– Relatively Harder.

– Somewhat Easy.

– Relatively Easier.

1. Relatively Harder Method.

First, let’s discuss the relatively harder method.

Here, you have to learn how to make the app.

The learning part is the hardest part. It may take you a few months to maybe a couple of years to learn properly – how to make an Android app for an IOS app.

– You need to have a lot of patience.

– You need to do a lot of hard work.

– And there would be many problems along the way.

Sometimes it might happen, that there is some problem in the app which you might take weeks to even discover, but it is a fun process (although it is hard).

Where To Learn?

You can learn either offline or online.

– Offline in a coaching class.

– Online through various channels like:-

Paid courses from Udemy.

Free video lectures on YouTube.

Or maybe, pay any good teacher to conduct sessions online through video conferencing Or through Skype.

This method is very important (and eventually rewarding) because you get to know the complete information regarding making a mobile application.

And the knowledge which you will attain while creating your first app is going to help you later on when you start developing more apps.

So, studying yourself, learning, and then making the mobile application yourself would be among the best ways to make money from mobile applications in the long term.

Another advantage is that when you make your own app and when you insert the advertising code in your App then you get to keep the entire earnings with yourself (obviously the advertising network also takes a part of the earnings, because you are using their advertising services).

Investment Required.

Here the major investment is:-

– Your Time.

– And your Energy.

In terms of monetary investment, you need a laptop for coding and a mobile phone for testing your app.

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2. Somewhat Easy.

The second method is a somewhat easier method as compared to the first method.

Here, you don’t have to spend your time and energy, in order to learn – how to make the app.

Rather, you can hire a good developer, pay money and get your app developed.

You need to have enough money to pay the developer, so that he can make a good app for you and he can maintain it on an ongoing basis.

The disadvantage is that you are continuously dependent on the app developer for all kinds of coding as well as ongoing support, (related to the mobile application).

3. Relatively Easier.

The third method which can be called a relatively easy method is that you can register on any good website Or platform, which provides a ready-made template to you, for making your application as per your idea.

You don’t have to learn to code. You can simply select your desired template and can make a particular application as per your choice.

But in this method, whatever earnings you make through your app, you need to share a part of your earnings with that particular website, because they have done all the hard work of making the application for you.

Details

– On your part, you have registered and made an app with your idea. So, this process is relatively easier than the above 2 methods.

– You don’t have to spend a lot of time or energy, in order to learn – how to make a mobile application. You already have access to ready-made templates.

– And also, you don’t have to pay any money to any developer.

You get a ready-made app and you just have to share a percentage of your income through that app, with the website.

What To Do After Making the App?

How to Earn Money from your App?

Once your app is complete, then you need to choose and register for the following:-

1. Advertising Network.

You can register for AdMob, as it is provided by Google itself, and is the most popular.

Once you register, then you would get an advertisement related code, which you need to insert into the code of your app, so that Ads can be displayed on your App, whenever people are using it.

– In a similar manner, you can also register for any good Affiliate network of your choice.

– You can offer your app for free downloads + in-app advertising.

2. Set a Fixed Price.

Or, In case you do not want to offer advertisements on your app, then you can set a fixed price for downloading the App.

3. Promote your App.

Promotion/Marketing is very essential.

Your app would make money, only if people download it and start using it.

And first of all, people need to know about your App. Then only, they can consider downloading it.

You can explore a variety of options to promote your App, like:-

– Paid Advertising.

– Promoting it on Social media channels, like Facebook, Pinterest, LinkedIn, YouTube, Your own Blog, etc.

– Providing Affiliate marketing opportunities to interested Marketeers, Or social media influencers.

– In the case of a Paid application, you can offer free downloads during the promotional period.

The more avenues you can explore to promote your App, the more people will come to know about it.

You need to make sure that your App provides value and is helpful in solving any particular problem. Then, customers would automatically do word-of-mouth advertising for your app, and start referring your app to their friends.

This will help in making your mobile application even more popular. So, in a nutshell, your App should be of the best quality possible.

For Creating Video Content, Read More:- How To Make Money On YouTube

How To Get Paid?

When you register with the Advertising network, Or an Affiliate marketing network, then you need to provide your Bank Details Or PayPal address, so that the payments can reach your account via wire transfer (in case of a Bank account), Or via PayPal.

So, friends, I hope that you have enjoyed the above information, and are able to derive the maximum value and benefit from this article on How To Make Money From App Development? (How to Build a Mobile App That Actually Makes Money?)

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