App Monetization: 3 Essential Issues & Solutions
Monetizing an app is not an easy process. There is a wide variety of options when it comes to generating income with your app.
The critical question, however, is this: “What’s the best approach for your product?”
Some choose in-app purchases over a mandatory annual membership fee. Others rely on a freemium model over a paid-only approach.
Introducing a fee is a risky process that demands meticulous consideration.
In this article, we’ll look into essential app monetization challenges and how focusing on user experience can help you overcome them.
Let’s dive right in:
Nice blog post Adam.
I'm actually working on a different approach, there are 3P SDKs that offers you a way to get paid for your free users (only if they consent) by using their idle bandwidth resources for internet observability purposes.
In this manner, you can create a new revenue stream from free users on your app ethically while putting more focus on how to extract more value from your paiyng users\subscribers.
This is a more UX friendly manner as you don't exhaust the user with ads or questionnaires or anything, just a small consent screen upon downloading or updating the app
This is a nice blog. I've come across one blog which I feel will be a good related reading after this one.
Blog URL: https://greedygame.com/resources/blog/mobile-app-monetization-methods