Practical and Helpful Tips:

Effective Ways of Making Money from Apps
Ever wondered how to maximize an app so as to earn money from it? Many people and businesses alike have benefited greatly from using some of the techniques mentioned herein because apps are truly effective in income generation. Find below what you should do to make money from apps
One of the best ways to do this is to have a premium version of the app. The free version should have restrictions that do not allow users to use some of the features on the app. The better version and other elements should only be accessible to the premium users. Setting up a trial version is also another great alternative here as users can get a taste to the app for a short whole before it is required of them to subscribe or purchase the premium version. The users will have no choice but to upgrade after the trial period expires. Users will need that nudge to upgrade though so come up with come catchy ways of doing so.
The other guaranteed way to earn money from apps is to have in-app adverts. Other companies and brands can use your app to market their products and services. The more adverts you have running in your app, the more revenue you can get. There are a few ways that you can earn money here, that is either by the number of views an ad gets while running on your app, the number of clicks per ad, or how many users install the advertised application. Cluttering the screen with ads is however not advisable because the users will need some time to navigate the app.
Approaching sponsors and partners is also another way to make money via an app. If you have good sponsorship and partnership, then the amount that goes into the creation of the app will be significantly lower. These are partners that share a similar interest and vision to yours. Because well-established sponsors and partners have a wide audience already, they are the best to work with. Avoid closing the deal with the wrong kind of sponsors at all costs by doing your due diligence.
Posting great content is key and is yet another way to make money from an app. Your users will stay glued to your app if you are keen on posting catchy and up-to-date content. Many clients will want to stay on and more and more sponsors will be willing to invest in the app. An app that has great content sells itself which means that the users will have a reason to continue using the app, and new and free users will want to upgrade through subscription.