Subject: Summer – Info Tech & Mobile Application (ITS-537-A03) – First Bi-term
Discussion 4: Monetizing APPs
Making money from apps is possible but difficult. There are hundreds of thousands of apps available. The revenue generated from an individual app is typically very small, and the app stores take a 30% cut of all the revenue that your app generates. How do you get people to pay you to use yours? What are the different ways you can collect money for the use of your apps? More importantly, how can you get a lot of people to pay you to use the app so that the revenue generates enough to fund further development or expansion? These are some of the questions that many developers ask. Some questions have concrete answers; others are still very much open for debate.
- How do you get a piece of that pie?
- You’ve created and tested a great app. Now you want your efforts to pay off. What is the best way to do this?
- What options do you have to make money from apps?
- What do you have to do to start?