Mobile apps are everywhere and for almost everything. Over time, the sophistication in developing applications for mobiles has evolved. The same is true for mobile app monetization, i.e., the ways in which your mobile app generates revenue for your business.
At present, there are several ways to monetize your mobile app, including in-app purchases, advertisements, sponsorships and partnerships, and subscriptions.
Each has its own set of advantages and disadvantages that we will cover in this app monetization guide. We will also detail three mobile application monetization best practices, but before that let’s know about some mobile app monetization stats.
