Nowadays, it is easier to access games and other apps, either in the official app store or third-party apps, such as Unc0ver. With such easy access, the demand for games or other beneficial apps has never been in decline. It means that the opportunity for every developer to make a living from their apps is still higher.
It would be indeed nice to repeat the success of Cut the Rope and Angry Birds. Such success is possible as long as you make a unique and high-quality app that goes viral. You can even hire an iPhone app developer to make a great game. However, how can you monetize it? The answer lies in these three models you can use to generate revenue from your iPhone app or game development.
Pricing
You can make the most of your iOS app by charging for it. There are thousands of apps in the App Store, from free ones to $999.99 apps. It may sound unbelievable, but the App Store has more than 30 apps that cost nearly a thousand dollars, although that’s too extreme. Paid apps usually cost between $0.99 and $9.99. If you’re considering charging a price for your app, it should be in this range. Compare your app to others and make sure yours isn’t the most expensive. Also, remember that Apple retains 70% of the cost of the app.
iAd Network
Your app is free, but you can still make money with your app. Ads are a great way to generate revenue for your app. Remember to include a space for a banner ad in your game design. The iAd Network allows you to place paid ads in your game or app and make money every time a user clicks on the banner. You can do this in two ways. One is to offer a free ad-supported version of your app, and the other is to upgrade to a paid version for a small fee.
In-app purchases
You can also make in-app purchases to monetize your iPhone apps. Although more complicated than the other options, this option has great potential to generate revenue. There are many options for in-app purchases. If you’re a game developer, players will be able to purchase additional powers, unlock new features, or access other worlds. If you’re a functional app (like a language learning app), you can offer dictionaries and access to flashcards, audio lessons, etc. Make sure your app developer knows your goals and the features you want.