Over the past few years, we have been observing that a large number of people have been rushing into the lucrative field of mobile app development, be it for Android or IOS. Now mobile arena is such space that is currently attracting both young and experienced entrepreneurs. Besides, creating apps for smartphones draw sustainable revenue, for example, gaming apps can earn up to $168,000 per day. However, it is not necessary that the top grossing apps in the world are the ones you suspect. For that, it is always advisable to seek advice from a reliable Android or iOS app development company that exactly knows what needs to be done and what not!
Building apps is quite a daunting task but be sure that you will be rewarded for all your hard work. The following post will give you an overview of mobile app earning potential so that you receive a clear picture of how much you can make off your app.
Opportunities in the App Development Industry
App development industry is entirely filled with opportunities. For example, one investor can choose to focus on gaming apps whereas other can choose photography or educational apps. Take any category into account, and I am sure that you will come up with something that is unique that has never been heard of before.
I am sure that you must be well aware regarding the fact that mobile internet usage has grown five times over the past five years. And around $10 billion is invested every year towards mobile phone application development. Sounds impressive, doesn’t it? Now which category to choose to make good money, you may ask? Well, most of the reviews indicate that any category would be fine. I mean smartphones are designed to take good photography, side by side the Angry Birds, Flappy Bird, Mobile Strike and Pokémon Go like games have been recorded considerable for their performance.
In fact, “Gaming apps are reported to take about three-quarters of global application revenue. Non-games share revenue is estimated to drop by half within the next one year according to some recent reports.”
Developers set their mind before creating an application that how user will be interested or interactive on that app. To an app like magnet, which pulling them back to the app over and over is something every ios app developer tends to achieve each and every time.
So, How to Make Money On Apps?
Much similar to any other business, application development even comprises of certain crucial aspects. What I mean is starting from being certain about the kind of app you plan to develop to its functionality, abilities to survive on the market by attracting users, you must be thorough with all such facts. Now have you ever given a thought upon why do some apps make good money with others offering smaller or zero revenues? What is the secret? Simple, products which satisfy the needs of the end users best win the market over. And it happens by simply knowing your target audience more. In addition to this, it is necessary to simplify the app based on the controls. For instance, a photography camera app should be simplified with an easy point and shoot with one hand enough to operate all features. Any gaming app must be built to such a degree that any player does not want to be expert in that game. Players don’t need to understand the jargon, and the controls should be simplified depending on the game type.
Another important aspect when you think of investing in mobile apps should be the platform. Apple, Android, and Windows are the major avenues that can be explored before an app is developed.
Most experts say that Android has more market potential compared to their close counterparts. But I say one should be very curious before making any decision. Before going on, anyone must read the platform’s regulations before making a choice. At the end, gaming apps that represent better earnings are those that were profitable on more widely used platforms.
Lastly, as the technology grows, you will find infinite opportunities to make money with apps and so does the potential. So let’s get started!
Rakesh Patel is Marketing Manager at eTatvaSoft – web, ecommerce & mobile app development company in India. He writes about Technology Trends, Leadership and many more things about IT services and enabled people to learn about new technologies through his online contribution.