In this digital era, Mobile phones have become an essential part of our lives. They are not only handy but also offer opportunities to individuals and developers to make money. Apps make money by various monetization strategies, such as;
In-app advertising - Displaying ads in the app and earning money through clicks and impressions.
In-app purchases - offering premium features, products and subscriptions for users to buy within the app.
Freemium model - providing a free app with basic features and charging cost for the advanced features.
Subscription model - Requiring users to pay recurring fee to access premium content and updates.
Affiliate model - making money by promoting third party products or services, etc.
These are some popular ways how apps make money and there are some money making apps which provide cash for online activities such as online shopping, completing surveys, referring a friend and so on. Use the best money making apps 2024 in your spare time to generate extra income.
