White Paper: App Monetisation Strategies

White Paper: App Monetisation Strategies 2018-05-07T16:09:39+00:00

Earn money with apps?

Our White Paper “App Monetisation” provides an overview on your strategic options.

„3 key strategies to start earning money with your apps today”

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According to recent studies, total spending in App Stores will climb to an incredible 110 billion US dollars this year. There is plenty of potential and money in the market. Only how to participate?

In our white paper, we have summarized for you the 3 key strategies on how you can earn money with apps:

  • Direct: Paid apps, in-app purchases, subscriptions

  • Indirect: Influencing buying behaviour through marketing, additional services, branding

  • Lateral: Paid third-party advertising or sale of user data

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In our white paper we offer useful tips and a whole series of examples to illustrate you even better how you can earn money with apps. Here we show a small selection of examples.

App monetisation through in-app purchases

App monetisation with in-app purchases using the example of the app The Economist EspressoFirst of all, the app The Economist Espresso demonstrates how to earn money with in-app purchases. Every morning, it provides its customers with an overview of the most important topics of the day compiled by editors. The app is available free of charge, including one freely accessible article per day. Besides that full access will cost $3.99 a month. In February 2018, the app recorded almost 30,000 downloads and generated sales of more than $230,000. Most noteworthy, a big plus of this strategy is the low installation inhibition threshold. As a company, this gives you the opportunity to inspire users with sample content and arouse curiosity through additional offers.

App monetisation through additional services

App monetisation with apps, AR marketing with the app Ikea PlaceAn excellent example of how you can indirectly earn money with innovative augmented reality marketing is the app Ikea Place. The app provides its customers real added value in the purchasing process by allowing them to project objects from the product range to the desired location in their own home. Afterwards, the consumers can virtually walk around the furniture and check whether it fits into their own environment. Above all, the decisive advantage with this strategy is the creation of an additional sales channel and a significant reduction in the number of returned goods. According to a study by the University of Regensburg and the EHI Institute, 80% of the online retailers surveyed stated that the most important factor by far in reducing the number of returns is a detailed product description and precise presentation of the product (3D product preview).

App monetisation through third-party advertising

App monetisation earning money with advertising using the example of native ads in FacebookFinally, you can also make a lot of money with third-party advertising. A particularly promising option is to embed so-called native ads. Facebook and many other companies are already successfully using this type of ad integration and are particularly appreciative of overcoming conventional adverts. Certainly one of the biggest advantages of in-app advertising is that consumers spend almost 86% of their total mobile time (smartphone and tablet) in apps. Therefore, it’s no surprise that mobile advertising already accounts for the lion’s share of total expenditure on digital advertising.

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Download white paper for free now!

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