There's a lot of money in apps. Billions of dollars. But most of this money is earned by certain kinds of apps, and many apps make no money at all. The top-grossing apps in the world may not be the ones you suspect. If you want to maximize your app’s earnings, an app development company will tell you what you should, and shouldn't do. In the meantime, this article will explain the ins and outs of how apps make money, and will give you some ideas for how your app can become an earner.
The mobile market has grown substantially over the years and industry experts predict continued growth. In 2017, mobile traffic accounted for 63% of total website traffic in the United States, and 3.3 of the almost 6 hours per day that adults spend consuming digital media occurred on smartphones, with desktops, laptops, and other connected devices struggling to keep up. With such impressive numbers, it’s no wonder that Fortune 500 companies and entrepreneurs alike are trying to get a piece of this modern-day gold rush.
If you’re new to the market, looking to enter it, or just have a really cool idea for an app, one of your first questions is likely to be profit-related. Building apps is a difficult task and you will want to be rewarded for all of your hard work. The following overview of mobile app earning potential should give you a clearer picture of how much you can make off your app.
Our agency, Fueled, has experts that can help you determine how to earn money from your app, and how much it can potentially make.
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