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Wednesday, 6 February 2019

Make Money Through An App Development



I am sure you don’t need me to tell you how lucrative app development can be. Because it is not a hidden fact that there’s a lot of money to be made in app development.

But where do you start?

It’s a no-brainer that you have to learn to code to build apps.

Before we start, let’s see how many apps are there on the internet at present.

Have a look at this infographic from Statista.

You don’t need to be intimidated by these numbers, because the chances are that a majority of them won’t even be in your industry.

And to be honest, many of them turn out to be complete duds.

Secondly, if you come to think of it: the fact that so many apps swarm the market means that the demand for them is also high.

So, the future for app development seems to be great.

Now the question is — how will you, as an individual, make money online through app development?

Let’s go through two scenarios:
1. YOU HAVE AN IDEA FOR YOUR APP

Okay, so let’s assume that you have a great idea. Now you want to build an app based on that.

In this case, you should know how you are going to cash in on your app and not expect to make much money in your first year.

Charging your audience to download your app is not a good idea because let’s face it; no one pays to download an app. That’s why most of the apps you see are free of cost.



See for yourself, the sheer difference between the number of free apps juxtaposed to paid apps is eye-opening.

However, you can earn money from your app. As I already mentioned, this is one of the most profitable prospects when it comes to app development.

And free apps make a lot of money.
HERE’RE SOME OF THE WAYS THAT WILL ALLOW YOU TO MONETIZE YOUR FREE APP:
Use advertising as your revenue model.
Offer subscriptions within the app.
You can use your app to sell merchandise
Introduce in-app purchases and microtransactions

These are only a few ways that you can use to monetize your app. Skim down the webpages and research some more. You will surely find even more options to make money using your app.
2. YOU WANT TO WORK AS A FREELANCE MOBILE APP DEVELOPER

Becoming a freelance mobile app developer will help you make steady money, given that you are good at what you do.

Small and medium-sized businesses and startups are increasingly turning to outsource their app development needs today — which is an excellent thing for you.

In this case, you would need to start pitching to your clients through countless platforms on the internet, such as:
Alt-Tab

Also, make sure that you network extensively at events and conferences to meet your potential clients, and to expand your network.

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