The popularity of mobile devices and the huge increase in technological capability have taken the mobile app industry to the next level. In 2017, 80% of all app revenue came from gaming apps for both the Apple iOS App Store and the Google Play Store. The mobile gaming industry accounts for $ 50 billion in global gaming revenue. If we speak about mobile casino apps, they brought even more to their owners – over 53 billion dollars only in the past year.
But currently, the mobile app industry is growing in size every year. Money can also be earned through mobile apps. In this article, I have mentioned several ways to earn money from mobile games.
How much revenue an app earns depends largely on the monetization strategy. According to Statista, in 2017 the leading app publisher for mobile gamers worldwide was Net marble Games. In September 2017, he earned $ 58.47 million from his game on the Google Play Store. For non-gaming applications, in October 2017 LINE Corporation earned approximately $ 11.79 million from apps installed on Android devices.
This shows that there is a huge difference in revenue depending on the type of app. While the top games can earn more than non-gaming apps. There is a lot of competition in the gaming world so it can be difficult for you to compete with industry leaders. Industry leaders are still earning millions of dollars every month from just one platform. Consider future projections of worldwide mobile app revenue in the coming years.
Extremely strong work ethic
It has nothing to do with any ability, hack, or technique. If you don’t have a strong work ethic, you won’t be able to keep to a schedule that needs you to earn money through mobile games. Make sure you’re enthusiastic in developing mobile games. Will you forego fun distractions in order to build your own game? Investing time and effort is no longer a choice; it is a must.
One of the most common ways to make money is through in-app advertising. However, in order to do so effectively, you must first conduct user research. To make the maximum money, match your adverts to the products and services customers require. To be effective, apps must be displayed at the appropriate moment. Advertising is still a terrific way to make money from free apps in the App Store without using in-app purchases.
The membership concept is extremely simple and successful. You charge users for a set period of time. The most typical methods of obtaining this form of revenue are monthly and annual subscriptions. There are plenty free apps available. In-app purchases, on the other hand, are charged differently depending on the subscription package and monthly fee. Users can pay as little as $ 11.99 per month or as much as $ 79.99 per year.
A mobile app can help you make more money if you already run a business that offers items or services. Providing a product or service directly to users can be a lucrative business model, but you must consider marketing, price, and logistics.
Also, check out our list of the Top 10 Best Crypto Games to try in 2022