With the rapid growth of mobile devices, app development has also boomed. In 2021, there will be more than 3 billion smartphone users worldwide. And these mobile apps are transforming into a new way to promote products and services. This article will explore how you can generate revenue from a Mobile App in 2021 with advertising.
Monetizing your app to promote products and services is one of the best ways to make money from your Mobile Apps. As a publisher, you want to be sure that your app is as successful as possible. However, the industry can be very difficult and there are many things that need to go right in order for your app to have success. One way of ensuring success is by signing up with a mobile ad network. These networks allow publishers, including developers, to make passive revenue from their apps and benefit from monetization by selling ad spaces to advertisers.
Being a successful mobile app publisher is definitely not simple. There’s the long process of app development, winning user acquisition, and looking for the right equilibrium of monetization, all in a tiny space. Having said that, signing up with a mobile ad network is a great way for publishers, including app developers, to make passive revenue from your app and benefit from app monetization by selling ad spaces to advertisers.
Mobile apps are not valuable if it is not producing any revenue because the entire process and performance could be senseless. It is essential that you make sure your Android app is producing enough revenue.
When it comes to this subject, you require the right app monetization strategy that works extraordinarily. Between different app monetization mechanisms, the advertisement is the best and most usual way for an app to remain on the market. You could be eminent at development, marketing, and advertising, but without an app monetization plan, your desire of being a successful app publisher will inevitably go wrong.
While monetizing your app can involve various strategies like in-app purchases, in-app subscriptions, and in-app advertising, you need to have the best strategic marketing plan to succeed. Let’s start with some answers to clear your head:
Are Ad Networks for your Mobile App Worth Trying?
If you’re running your app’s ad inventory with an ad server, lots of mobile advertising networks can provide you access to more advertiser demand, higher rates, and improved ad revenue.
However, since each mobile app is different from each other and might use multiple combinations of monetization methods, it’s crucial to implement a custom yield solution.
How to Add Mobile Ad Networks to Mobile Apps?
Each agency has its special way of including apps into its network. It normally includes placing a piece of code to your mobile app. You shouldn’t panic about it at all, because the ad network will give you the appropriate documentation and support.
What is the Most Popular Mobile App Ad Network?
It’s impossible to mention which app ad network is the absolute best. Why? Because each one of them provides different forms of advertising, ad units, setups, etc. Nevertheless, we can point you in the right direction with MediaFem.
This is a full-service SSP platform, with more than 13 years of experience in mobile ad monetization. This software is powered by a modern predictive engine, the platform equips publishers with capabilities that are crucial to digital media success, including A/B testing, intelligent reporting, and personalization features.
This is an advertising platform for publishers of apps, websites, and blogs, which allows publishers to generate revenue by offering advertising space between their content to place ads. For every impression or click that is made on these ads, the publisher receives money paid by the network.
You just have to place the code that MediaFem gives you and wait for any of the visitors to click on it. Best of all, MediaFem is intelligent and knows how to interpret the content of your mobile app, so the ad you put is related to what you have on your app.
Paying in Net53 terms, MediaFem does not charge any sum cost as they work with a Revenue Share model 70% for Publishers and 30% for them. These percentages are consistent, regardless of a publisher’s geographic location, and are not in any way averaged between publishers. In this way, ads are placed naturally and you get clicks much more easily while your daily users thank you for having made that recommendation.
Ads can be useful for monetizing a Mobile App. However, finding the best depends on a number of factors, including your audience size and composition of ads on your app, rates, etc. The proper way to do it is to try different resources and then decide which one generates the biggest revenue. For us, MediaFem will be the choice.
These are some other ways you could Generate Revenue from your Mobile App in 2021:
- Premium plans: You can charge your users for premium plans.
- Virtual Money. You can build an item in the app that daily users can buy, for example, coins. You can charge for those coins, and you can even up that with the “free to play, pay to win” method, like, giving a few coins freely.
- Bundle/unbundle. You can split some parts of your app and start charging for those ones by one. You can also combine your mobile app with another marketable item (from a peer), and get some money from that.
- Partnering. Sell other people’s products through your mobile app.
- Service. Combine your mobile app with a service, and charge for that service.
Also published on Medium.