The most obvious advantage of paid apps is that it brings instant revenue during download. Now that that’s out of the way let’s continue discussing the upsides and downsides of paid and free mobile apps. To be clear, I’m not discouraging you from embracing the paid app monetization model.Įach strategy has its strengths and weaknesses depending on various factors, including your target audience, app development and business goals, and other aspects specific to your industry.Ĭonsider all those as you draw out your app monetization strategy. So, read on.īut first, let’s have a closer look at the pros and cons of paid and free apps. There are other means to generate revenue while keeping your app free - and I’ll gladly share the most effective ones in this article. With millions of options available, would you choose to pay for an app if there’s a free alternative?įortunately, asking for an upfront download fee is only one of the many ways to make money from apps.
Now, picture yourself in the shoes of app users. In many cases, it’s even more challenging for app owners to earn money from paid apps.Īs of the third quarter of 2022, there were more than 5 million apps combined in the Apple App store and Google Play Store. Yes, paid apps offer instant revenue for web or mobile app developers.īut what if I tell you that the most effective way to profit from your product isn’t necessarily the most obvious?
Why would you choose to make an app free when you can get users to pay cold, hard cash for it? Isn’t an initial download fee a more efficient way to make money from a product? I can imagine the title of this article has some people raising eyebrows.
0 kommentar(er)
