- In recent times, the app economy is flourishing well. This tells that both established and novice people understand the current situation and
are taking all the exertion to make sure that they do not miss this comprehensive opportunity.
- But you should be very careful in indulging your apps or else it may join the group of ignored apps on the user’s mobile devices.
- Here, we suggest some solutions to the problems that many app developers face to gain benefits from the thriving app economy.
Making Ads:
Like other web pages, you can show ads to the audience which could be in the form of text ads or might be banners.
How it makes you money:
Presently, some of the mobile ad networks (InMobi, Admob, Millennial Media and iAds) offer easy incorporation with your app. These help you to
start earning the revenue immediately and achieve your goal. It promotes your app in other iPhone apps and also has the ability to track how
many downloads they generate for you.
Hidden Obstacles:
The CPM (Cost Per Mill) rate is low that may put some stress on layman developers at the beginning stage.
Solutions:
Effectiveness is the major concern of in-app ads. A study revealed that most of the people who are in the middle age group are more likely to
recall in-app ads than the ads they see while browsing the mobile app.
App Discovery:
App discovery has been turned out to be increasingly crowded with all sorts of competitors.
How it makes you money:
Data taken between 2011 and early 2012, the survey reveals that an average American iPhone developer has earned $63,885.34 from in-app
purchases that includes games and he earns $23,482.15 if you remove games from the equation.
Hidden Obstacles:
Today, this tends to be considered as the major obstacle that mobile app developers are facing. If your app was not there at the top app charts
and also not in the list of categories, then automatically you will lose users along with revenues.
Solutions:
The first and foremost thing the app developers require to understand is that the app discovery is completely a developer problem and it’s not a
consumer problem. Generally speaking, app discovery can be achieved through a combination of various steps like. Spending time to install
campaigns, purchasing advertising space, cross- promotion, keeping information up-to-date to users, sending personalized press releases to
bloggers and reviewers, Active usage of social media, build relationship and interaction.
User retention:
There is no surprise in it. It has been proven by numerous study results that we both love and also quickly get bored by our mobile applications.
It measures simply by the total number of days it takes for users to stop using a given application.
How it makes you money:
Apart from entering new customers, the existing customers too represent a big opportunity for lot of app developers.
Hidden Obstacles:
According to a study released by one of the application analytics firm, most of the smart phone owners are willing to try new apps, 26 percent
of the time they download an app, use it once and never use it again.
Solutions:
Mobile apps that are capable can easily tend to achieve this. For gaining new users, it is essential to get onto one of the top apps list, but due to
tough competition it is very difficult to stay there. There are various numbers of tools where you can use to re-engage users. One of such tools
provides developers the ability to access aggregate data on demographics, usage and custom events on their applications without the cost. By
inserting new and stimulated features on your mobile applications, you can improve it that your customers would find most profitable. Multi-touch
functions, social networking integration, location-based services are some of the most important purpose you lure users to come back for more.
Lastly, building an online presence is significant because half of the mobile app users search on the web for the apps.