According to research, almost 50% of the global population owns smartphones. These numbers will only grow, so it’s reasonable to ask, “How much are apps worth?”
Building an app in the current climate can be a lucrative career move. But with millions of apps in app stores, you need a great idea to stand out from the competition. Thankfully these days, you don’t have to know how to code because there are companies that will take your app idea and make it a reality for you.
So if you want to build an app but need help with how to go about it, keep reading. Here’s everything you need to know to proceed.
How Much Money Do Apps Make?
Before investing time into your app idea, you may ask how much money apps can make before you build an app for Android. The answer to this question can vary depending on several factors. For example, in-app advertising can make you more than if your app was ad-free.
The amount of money the ad brings in can be anywhere between £0.08 and £8, but this will depend on the type of ad and how much engagement it generates. Another factor affecting your revenue is whether or not your app includes in-app purchases. Typically app publishers will have a free version of their app and the option to pay for a premium version with more features.
Apps that offer subscriptions will also generate additional revenue. This subscription fee can be weekly, monthly, or annually to unlock certain services. Finally, you can also generate money from sponsorships to help you find the right audience for your app.
How to Build an App
If you have an idea and you want to build an app, there are several steps you should take. It doesn’t have to be a complicated process, and finding the right app development company will help.
First, you want to get your app idea down on paper. This means fleshing it out and deciding what your app aims to provide. For example, here, you can set goals for your app and plan the rudimental design. Then you need to decide what type of app it will be, such as a native or progressive web app.
Finally, you’ll decide how you will develop your app. You can design it yourself if you have the coding know-how. However, if you don’t know how to build an IOS app, you can hire a company like us at Builder.ai to create it. You will have to discuss your concept with them to get an idea of the cost to build an app.
What App Ideas Will Make Money?
So if you’re trying to think of app concepts, you might be having a bit of writer’s block. Here are a few ideas of apps that could make you some money.
- Exercise Apps
- Diet and Nutrition Apps
- Translation Apps
- Discount Apps
- Gaming Apps
- Mental Health Apps
Build an App With Us Today
There are so many factors to consider when you build an app. When creating your mobile solution, you need to think beyond the trending app types. It takes meticulous planning, analysis, and a winning tech stack to succeed in the digital app market.