Joining the app business? Gear up for a long ride!

Kumar Vaibhav
Aug 24, 2017 · 2 min read

While thinking up an application, and preparing for its execution is one thing, the hard part is earning off of it. When different sources of investment gather with a foolproof idea for a mobile app, it really smoothens out the app development procedure.

But monetizing your app isn’t easy, which is why most apps remain ideas, with no foreseeable way to carry them out. All things considered, nobody would jump the gun to finance your app idea, since it’s just one out of the million others already existing online. Make no mistake — The effort of introducing your idea in an appealing manner, in order to persuade someone that you are a wise investment is no small one. Here are some things that might help you along the way:

The popularity of in-app purchases

One sure shot way of reeling in online shoppers is the concept of ‘in-app purchases’. If your app is as amazing an idea as you think it is, then it will produce income. Essentially, it is an inventive part of gathering a larger target group. This methodology also sits well with the investing parties, and encourages a contribution of their finances.

However, many consumers would not appreciate the fact that they downloaded an app that they might have to pay for. While this maybe a low-risk technique to earn profits, go about it delicately. Make sure that you are crystal clear about the fact that continued usage of your application would cost them. Keep them informed about what they will spend their money on. If the users’ level of engagement in your app is high, making a profit is a cakewalk.

Pay attention to pricing

The general train of thought among top end app makers is that for a skilfully designed and well-rounded outcome, a large investment is almost mandatory. Free applications are viewed as sub-par, simply because the majority of premium mobile apps require some payment. This is almost always true, as the app quality is proportional to the money invested.

Read reviews

Pay attention to what your users have to say about your app and incorporate those changes if you can. The proper way to go about it is to make sure that your application has legitimacy on the market before charging it. If it receives a negative response straight off the bat, then you might consider rethinking your idea before beginning to charge for it.

Take the risk!

The best mobile app development agency in India didn’t shy from valuing their app. Neither should you. Take the competition into account — consider how many other apps performing the same function as yours already exist.

)
Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade