Estimating About How much Money You can Earn with a Mobile App

If you build a mobile app there is no doubt that you can earn lots of money with it but how much money you can make from an app depends on many factors which I will discuss here. There are many apps which carry the potential to earn millions of dollars as they are built, promoted and marketed well. Right now there are about 3.3 million apps on Google’s Play Store and about 2.2 million apps on the Apple’s App Store hence it takes proper planning and implementation of strategy to create an app and make money out of it.

Also it is important to partner with a reputed app development company to build your app if you want to earn big money out of it. First of all let’s understand how does the payment cycle work in Play Store and Apple Store.

Payments in Apple App Store: 
iOS app payments are usually made in under 45 days of the last working day of a month when the app purchases were made. To get the payment, you need to provide all the necessary bank and tax details and you should maintain the minimum payment level.

Payments in Google Play Store:
The total amount which your Android app earns, gets credited to your account within the cycle of 30 days. There is no minimum threshold which your app has to earn and any amount above $1 gets credited to your account. The amount of money that you earn, Play Store keeps 30% and the rest 70% credits to your account.

Revenue Growth for Android and iOS:
It also depends on what kind of Mobile App Creator you have hired as the robust, fast and reliable apps present more chances of success and growth. As per the recent report, the global app revenue grew by over 35% in 2017 and right now it is around $ 60 billion. The report says that Apple is seeing maximum revenue growth. Between 2016 and 2017, Play Store and App Store saw a revenue growth of 34.2% and 34.7% respectively.

How Much Money do Apps Make? 
This depends on a number of factors: - 

• Platform on which Your app is Based on: 
  When we talk about how much money do apps make, Apple is ahead. Over 25% of the iOS app developers earn over $5000 from their app while only 16% of the Android app developers make around $5000 from their Play store app. 
• If you have in-app Purchase Options: 
  Most of the gaming apps use this strategy of in-app purchase and they have been quite successful in that. Candy Crush game makes over $800,000 every day through in-app purchases. The game Clash of Clan generated over 848 million Euros with the help of in-app purchases.
• Displaying Ads in Your App: 
  In-app advertising is one of the best way to earn money with your app. For example, if you have tied up with a company on Click Per View agreement and for each advertisement you charge 0.01$ then even if you get 10,000 daily users on your app and they see your advertisement to move on the next level then you will earn $100 everyday.
• If your App Follows a Subscription Model: 
  Many apps earn quite a lot with this model. For example, Tinder has a $9.99 monthly plan for the Tinder plus subscription and $14.99 for Tinder Gold subscription. This approach helped Tinder to generate $285.3 million.  Netflix app generate over $11 Billion in revenue using this same approach due to its success of Amazon Prime and customers pay every month or every year for this service.

Mainly there are 4 ways for your app to make money whichever store it is on:-

• In-App Purchase 
• In-App Advertising 
• Freemium 
• Sponsorship

Conclusion
We have discussed with you how much money your mobile app can make with examples. We also told you about how your app make money irrespective of the app store. There are so many possibilities to earn money for the apps you submit on stores. You just have to plan and implement well the options you choose to earn money as we have discussed.