Is it possible to earn money by making an app online? New mobile apps are being launched every day. And, with the number of smartphone users increasing, the demand for quality applications is also on the rise. If you are passionate about app development and want to monetize your skills by creating a profitable app, then here’s how you can do that: create an app and make money from it just like the Imran app.
The first step is to come up with a unique idea for an app that provides value to users and addresses a specific need or problem. After coming up with a solid concept, you will need to create a development plan and build the app using software development tools.
Once the app is completed, you can publish it on app stores such as Google Play and the Apple App Store, and earn money through a variety of methods such as in-app purchases, paid downloads, and advertising. It is also important to continue updating and improving the app to keep users engaged and maintain a positive reputation.
Let's go over step by step how to earn money by making an app online in detail.
Decide on your app’s price and features
The first step in the process of creating an app is to decide how you want to monetize it. This will help you decide on the pricing and features of your app.
You can decide on a subscription model or make your app free but enable in-app purchases. If you decide to monetize your app with in-app purchases, then offer a free app and include functionality that users can upgrade with a paid version of your app.
If you decide to have a subscription model, then make sure you understand your audience’s psychology. Do they prefer to pay monthly or yearly? Will they be comfortable paying for your app? How much do they usually pay for apps? Will they find your price acceptable?
Choose a platform to build an app
There are many platforms where you can build your app. The most popular ones are Android Studio, Xcode, and React Native. While choosing a platform to build an app, you need to keep a few things in mind:
- What is your level of experience in app development? If your experience level is low, then it is better to go with a platform that is easy to use.
- What kind of app do you want to build? If you want to build an app for both Android and iOS, then go with Xcode or Android Studio. If you want to build an app only for iOS, go with Xcode and if you want to build an app only for Android, go with Android Studio.
- What type of app do you want to build? If you have a game app in mind, then go with React Native.
- What kind of budget do you have for app development?
Select a development tool
If you decide to build your app with Android Studio or Xcode, then you need to select a development tool.
Some of the most popular ones are – Flutter, Ionic, and React Native. You can select one based on your needs and experience level. If you are a beginner, it is better to go with a less complex tool.
If you want to build a cross-platform app, then go with React Native. However, if you want to build a native app for Android and iOS, go with Android Studio or Xcode. If you want to build an app only for iOS, go with Xcode and if you want to build an app only for Android, go with Android Studio.
Track user behavior with analytics
Once your app is built and published, you need to start tracking user behavior. This will help you understand how users interact with your app and enable you to make relevant changes based on their behavior.
There are many tools available to track user behavior. Some of the most popular ones are Google Analytics, Firebase, and Mixpanel. You can select the one based on your requirements and budget.
Google Analytics is a free tool to track user behavior. However, it is best suited for websites. If you want to track user behavior in your app, then you can use Firebase or Mixpanel. Firebase is a paid tool while Mixpanel is a paid tool with a 14-day free trial period.
Earn money from ads
If you have built an ad-supported app, then you have an instant source of income. The best part is that it’s easy to integrate ads into your app. You can use a third-party provider like Google AdMob or Millennial Media to integrate ads into your app.
If you want to monetize your app with ads, then follow these steps:
- Research various ad networks.
- Select the ad network that meets your requirements.
- Sign up with the ad network and integrate their code into your app.
- Configure the ad network to meet your needs.
Earn money from in-app purchases
If you have decided to build a paid app and offer in-app purchases, then you have a two-pronged source of income. You can use a third-party platform to implement in-app purchases in your app.
Some of the most popular ones are Apple App Store, Google Play Store, and Amazon App Store. Before you implement in-app purchases in your app, make sure you get your app approved by the app store.
You can get your app approved by following these steps:
- Make sure your app complies with the app store’s terms and conditions.
- Get your app audited by a third party to make sure it complies with the app store’s terms and conditions.
- Optimize your app to get approved. This can be done by following best practices for app store optimization.
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Create a paid version of your app
You can make more money from your app by creating a paid version of it. You can add features or content to the paid version of your app that isn't available in the free version.
To create a paid version of your app, follow these steps:
- Decide how much you want to charge for the paid version of your app.
- Use in-app purchases to sell the paid version of your app.
- Get your app approved by the app store.
- Promote the paid version of your app.
Summing up
The app market is huge and growing every day. The sheer number of apps available on the different app stores is proof of that. If you are passionate about app development and want to monetize your skills by creating a profitable app, then here’s how you can do that: create an app and make money from it.
The first step in the process of creating an app is to decide how you want to monetize it. Once you have decided on the pricing model, you can choose a platform to build your app. Once your app is built, you need to track user behavior with analytics so that you can make relevant changes based on their behavior.
Finally, you can earn money from your app by implementing ads, selling in-app purchases, or creating a paid version of your app. I am confident you can start to earn money by making an app online today.