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How Do Free Apps Make Money In 2020? - 2 views

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started by maksymbabych on 19 Feb 20
  • maksymbabych
     
    How Much Money Do Free Apps Make?
    There has always been a deep-rooted prejudice that free apps cannot bring much profit. Yet, the mobile app industry statistics proves otherwise. Let's compare the number of free apps available on the market today and their revenue.

    The statistics in December 2019 shows that 96,2% of all apps on the market are free. Meanwhile, the mobile app market forecasted revenue is $581 billion in 2020. The numbers make it clear that this niche is highly competitive and profitable.

    The research on how much money apps make shows that the revenue of mobile apps in 2019 was $461 billion.

    But how do apps make money if they are free?

    Statistic: Distribution of free and paid Android apps in the Google Play Store as of December 2019 | Statista
    How Do Free Apps Make Money?
    The main question is how to make money with free apps? The secret lies in the various app monetization strategies apps owners use.

    Most apps use good old-fashioned advertising monetization to make a profit. But there are many other monetization strategies. As well as there are ways how do free apps make money without ads.

    Today, subscriptions and in-app purchases become more attractive monetization methods for free apps. Usage of freemium model increases by 56% each year

    Whatever app you want to develop, a chosen monetization strategy is a key to your future profit. If you launch a free app and just wait till it becomes popular by itself, it's a wrong path.

    How to Monetize an App Idea?
    Let's have a detailed review of all mobile monetization strategies. That is how to make money from your app even if it is free.

    In-App Advertising
    The first and the most widespread monetization model is in-app advertising. Making money with ads seems to be old news, but this year advertising in apps will become even more popular. This mobile app monetization model allows to cooperate with brands in various spheres.

    https://spdload.com/blog/how-do-free-apps-make-money/

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