Developing an App that Makes Money

When you are ready to develop an app, the first question on your mind is, “how much money can an app earn?” The answer to that question depends on what kind of app you plan to develop, which platform you want to use, and your target audience. You want to ensure that you do the basics right, which holds the key to developing an app that makes money. You also want to select the right platform for your app as that will allow you to market your app successfully to users.

Apps are big business, and everyone will tell you there is money in apps. However, no one will tell you that there are only certain types of apps that generate revenue. The global mobile app revenue is expected to go over $200 billion in 2022. That is nearly a 250% increase from 2017, which shows you the level of growth you can expect over the next decade.Gaming apps dominate the list of top-grossing apps, and even though most of them are free to download, they make real money from in-game app purchases. That is what has seen apps such as Pokemon Go make nearly $800 million in revenue. The global revenue from in-app purchases was estimated to be at a staggering $72 billion, showing you how apps can make big money.

Subscription apps also earn a tidy sum even though they may be free to download, you need to sign up for a subscription to take advantage of extra features. All in all there are plenty of opportunities for app developers to make a fortune in the app market. The key is understanding how to develop an app that will generate interest in your target market. The app market may be saturated, but you can earn a lot of money when developing the right app.