How to Make Money Using Your Mobile App

apps
If you go to a newspaper publication to get an ad printed, there are two kinds of ads you could go for, a full-page color print or a 2-inch blur print on a F20. Nevertheless, most likely any of these two as would turn into a packaging material for the middle class or a paper hat for the kids. Print advertisements are the oldest and one of the most effective means of advertising, but, for small businesses and startups with tight budgets, you wouldn’t want your ad getting tossed into firewood. Digital advertising is the best option for you. Digital media gives you a great opportunity to target the right kind of audience for your business and also track the conversions.

In specific, mobile advertising can also generate a lot of profits. In mobile advertising, it is all of the mobile apps. If you have an app for your business, and you are not using it to generate income, you are losing out on so much. So, for those who might not have too much money to launch an expensive marketing campaign, we bring to you some tips and strategies that you could use to generate income through your mobile app. Read along:

(1) You could start with the basic – start by selling app space to other businesses. There are some overhead costs involved, but as compared to the profits that you’ll end up with, these costs will seem minimal. You could start by going to the local businesses, and offering them ad spaces at lower rates, and after a while you’ll be attracting more advertisers for your app.

(2) The nest thing you could try is to integrate automate ads into your app. All you have to do is to set up the integration, and you’ll end up with click-through. This wouldn’t require much of legwork of selling, and you could easily cash in your wallets without any stress about selling.

(3) If you have a business with many apps, you could promote each other through these apps, without paying an outside party for advertisements. You can go for a banner ad in case of a related app. This will ensure that there is more traffic on your apps, and also, you have full control over the ads.

(4) You can also promote your app through your current customers and followers through social media and in turn reward them with points, that they can use later when they have to make a purchase on your website.

Anum

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.

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