There are many ways to make money from the App Store. Apps in the App Store sell several times more than Google’s Play Store. Of the 432 million phones sold last year, 6 million used the iOS app. However, the remaining 352 million mobiles use the Android app.
Interestingly, despite having so many Android users, only 16% of Android app developers are able to earn 5k $ a month. On the other hand, 25% of iOS or app store developers earn 5k $ a month.
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Hopefully, you understand that even though the number of customers is less, the customers of the App Store spend a lot of money. So, the App Store is a good platform for selling apps. Now the question is, how to make money from the App Store?
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If you can’t create an app, you can learn app development from the top 5 websites for learning app development for free.
Selling apps in the App Store
By creating an app you can sell it in the App Store. Apple will keep 30% of the money that will come after selling your app and will give you 70%. Now you just need to make the app as per the demand. You create an app that people don’t need, no one will buy that app. Some of the currently popular app categories are –
- Video streaming
You can take payment from the App Store within 45 days after selling the app. To get the payment, you need to provide the required bank and tax information. In this case, keep in mind that you have to earn a certain amount of money to make the payment.
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You can earn money by subscribing to use some special features of the app. For example, in the case of music apps, there is a subscription system for listening to some music. As Spotify or Netflix do.
You can decide what the subscription charge will be. Also, the free trial facility can be kept. For example, you give the customer the opportunity to use your app for 1 month for free. Offered to buy a subscription for use from next month.
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There is also an opportunity to advertise on the app of the app store. There are many third party media outlets for advertising revenue. The most popular of which is Google’s Admob. The amount of revenue is determined through clicks and impressions on the app. That is, the more visitors you have, the higher your income will be.
Another way to make money from the Apple App Store is through sponsorship. Although it is a bit difficult to find a sponsor. If you find a sponsor, you can earn money by promoting their sponsor.
These are just some of the goal-setting shareware that you can use. Each of the above methods is effective. Now your responsibility is just to create the app.
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