5 Steps That Help You Earn Millions from a Mobile Gaming App

Do you know more than 2 million and 1.7 million apps are available on the Google Play and Apple App Store respectively??

There are 281,773 gaming apps on Android and 235,479 on iOS devices.?

According to Statista, gaming apps are the most popular category in the Google Play Store, with 13.8% of the total app percentage.?

Not only on Google Play, but it is also the leading app category on the App Store with 13.66%.?

Now the question is, can a gaming app make you a millionaire? The answer is yes; it can.

Mobile game app development is one of the best ways to earn millions of dollars in the app development business.

In this article, we will guide you on how you can make a huge amount of money from a gaming app.?

5 Steps That Make You Rich With Mobile Game App Development?

The five steps that help you to become a successful entrepreneur through your mobile gaming app are as follows:?

1. Great App Idea & Vision to Make It Possible?

A great game concept always works and plays an essential role in the game's success. And without a great idea and vision, an entrepreneur or developer can’t make it possible. You have to ensure that you are developing the concept of the game as per the requirements of the target audience.?

A gaming app should be full of fun and entertainment like Among Us, Angry Birds, Roblox, Pokemon GO, etc. However, different concept games are also there in the market, such as problem-solving games, business games, real money games, etc. It depends on what you choose according to your target audience and interest.?

Identifying the gaps in the market and providing engaging service according to that makes it a great idea and vision successful.?

2. Deep Market Analysis?

Once you’ve got the idea, vision, and concept, It’s time to implement comprehensive market research. A deep market analysis will determine your app’s success in this competitive market. Market research will assist you in building a strong foundation for your application and will provide you with a strategic roadmap on how to place your plan in action.

Make sure to analyze the top trending mobile games in your target app categories. Following this helps you to understand their strengths & weaknesses, crucial features & functionalities, and more aspects.?

Ultimately, the research will help you learn about your customers and competitors. It also helps you in strategic app design, decision-making, and market insights.??

3. Go for the Innovation or Copy Smartly?

Indeed, innovation is necessary to make your app successful. But when you copy smartly and implement new ideas in your application, your app will succeed. Coping a successful app in your gaming app categories is not a bad idea when you present your app in more effective ways to stay ahead of the competition.?

Meeting audience expectations is the major thing, whether you build a game with lots of innovation or copy a game while implementing or fixing several designs, features, or concepts.?

4. Enable App Data Monetization?

Making money is the ultimate goal of game development, so it is essential to choose the right data monetization according to your game genre and audience.?

Most game owners implement data monetization strategies within the app to make money from gaming apps. It includes in-app ads, in-app purchases, and freemium monetization models. This also helps to retain users and run for the long term. For example; if you’re building a game like Clash of Clans, then you must choose an app purchase model.?

On the other hand, PUBG Mobile uses freemium, in-app purchases, or ads. You can implement any number of monetizations depending on your game.

5. Become an Appreneur?

As you know, entrepreneurs are those who do business, but investing in mobile applications doesn’t make you an entrepreneur; it makes you an appreneur. Anyone can become an appreneur, from developer to investor and IT manager to physician, but it requires mobile app development industry knowledge.?

As an appreneur, you should know how to set up team roles, automate the mobile app development process, and ensure the quality and performance of the application. Apart from that, you should know how to improve quality and performance while app testing before launching in the market.?

You should know everything about trends, technology, sales, marketing, and everything that makes the app successful. Following this helps you to make millions.?

How Do Mobile Game Apps Make Money??

Let’s see the top 3 grossing games worldwide in 2024 to understand how much money a gaming app makes a year.?

The top 3 highest-generating money games are Honor of Kings, Monopoly Go, and PUBG Mobile.?

According to Statista, they made 939.7, 686.05, and 599.77 million dollars last year, respectively.?

Mobile gaming apps make money in many different ways. They’re as follows:?

• In-App Purchases: IAPs are the extra content and subscriptions that you purchase inside an app after downloading it.?
• In-App Ads: Every time a native or banner ad pops up in your gaming app, you will make money; you’re paid with several impressions the ad received.?

• Freemium: Freemium games sustain engagement by offering free downloads and playing; however, they give the option to invest money to enhance the gaming experience.?

• Subscriptions: This is the premium model for mobile games since players have to subscribe for full or specific models.?

• Sponsorship: Companies will pay you to show their brand logo, products, message, or offers in your app.?

Mobile Game App Development Cost?

The mobile gaming app cost depends on various factors; they’re as follows:

• Game Type?

• Features & Functionalities?

• Choice of Platform?

• Design & Graphics?
• Mobile Game Engine?
• Game App Testing & Fixing?
• Location of App Development Team?
• Marketing & Post-App Development?

Now, let’s see different gaming app categories and how much money they need to launch in the market.?

• Mini Game?

Mini Game is a basic and simplistic game type that is often contained with another video game.?

Examples: Charades, Poker, Flappy Bird, etc.??

Development Cost: $5,000-$10,000

• 2D Game?

These are the simple flat sprite-based experiences that allow you to move up, down, right, and left across the screen.?

Examples: Super Mario, Red Ball, Flappy Slendrina, etc.?

Development Cost: $25,000-$50,000

• Social Game?

These types of online games are played through social network platforms.?

Examples: Roll the Ball, Farm Ville, Facebook Games, etc.?

Development Cost: $15,000-$40,000

• Mid Level Game

These are a mid-size game that supports multiplayer games and resource management.?

Examples: Candycrush, Angrybird, NFS, etc.?

Development Cost: $25,000-$40,000

• 3D Game?

3D games contain good graphics and visual effects to create an amazing gaming experience.?

Examples: COD, Join Clash, Asphalt 9: Legends, etc.?

Development Cost: $50,000-$120,000?

• Large-End Games

These large-end games take a longer time than 3D games to build since they contain high graphics.?

Examples: Clash of Clans, Last Day on Earth, etc.?

Development Cost: $150,000 to $500,000

• AAA Games?

These games need lots of time and resources to build which takes enormous amounts of money.?

Examples: PUBG, God of War, GTA, etc.?

Development Cost: $200,000 to $10,00,000

There are also different types of gaming apps available including Real Money Games, Business Mobile Games, and Moderately Games.?

Ready to Launch Your Gaming App??

Numerous people worldwide become millionaires, or even some of them billionaires, through mobile game app development. But such achievement needs innovative ideation, deep market research, and long-term strategy.?

It is essential to have a deep understanding of the app development requirements before investing a single amount of money. Explore mobile game app development costs in this detailed guide before building your mobile game application.?