Meet Mobile App Development features with highest ROI

Posted Under: Mobile

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In the last few years, mobile app development has become an important income source for both developers and businesses. There are numerous ways mobile applications can generate revenue, so let’s take a look at the ones that give the highest returns, based on our vast experience working with clients from different industries.

In a single app we can add multiple features that can entertain users and subsequently, earn revenue. And the best thing is that it can happen with both paid apps and free apps. To make it more user-friendly, we have divided the list of possible income sources with mobile app development to:

Highest Paying Revenue Models

1. Subscriptions
Subscriptions can sell your products and services easily. Whenever a user subscribes to your daily news and other updates, you can send him/her your offers or product deals.

2. In-app Purchases
Developers and businesses are earning good revenue through in-app purchases. Let’s take for example iPhone. iPhone apps are highest earning apps with regards to in-app purchases. Android is also growing its in-app purchases market in the revenue world.

3. Freemium
Freemium means to avail your app free of charge and charge from users for advance features. This is a great way to earn revenue. Evernote is one of the popular applications earning in this way. Availing your app at free of charge means to increase its popularity and make it addictive for users. Once they start liking your app, you can easily tell them to pay money for more advance features.

Lowest Paying Revenue Models

1. Advertising
Advertising is the lowest paying revenue model, but its popularity is higher than of other models. Advertising can be possible with all app types, not to mention how easy it is. Whenever users are playing on your app, you can give them a break by letting them know about your offered products and services.

2. Pay Per Download
This feature is exclusive for paid apps. After advertising, it is the your second best way for generating revenue since you get it whenever a user downloads your app.

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Posted by : Abhishek Agarwal Date : June 2, 2014

Abhishek Agarwal is Co-founder and CEO of Rightway Solution and Leads Business Development and Marketing Initiatives.

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