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Mobile App Monetization Strategies: Can I Actually Make Money From an App?

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You’ve heard of whiz kid developers who turned a dubious-sounding idea into an app that grossed millions. Take Yo, an app that performed only one function (texting the word “Yo” to a friend) but was able to raise a million dollars in funding. Of course, smash hit apps are difficult to foresee. Predicting a realistic return-on-investment based on a sound monetization strategy is a lot easier. Once you’ve identified your app’s purpose and target audience, it’s time to decide how you’re going to charge for it. Here are some monetization strategies to consider:

Do you have an idea in mind but need a sounding board to see if your ideas will stick? Send us an email at sales@gotechark.com for a complimentary discussion. We have experience helping entrepreneurs launch awesome mobile apps and can help you navigate strategies to help your app succeed.

Photo Credit: Pixabay

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