Monetize Your Gaming App with these Tips and Tricks
You must have been thinking to develop your own gaming mobile app due to the increasing demand for these applications. Or maybe most of you have already built an app. However, do you know the methods to monetize it? Yes, if you want to generate more revenue, then you it is important to monetize your gaming app. Several mobile app development companies can help you out for the same. Today, I am going to mention some tips using which you can make money with the help of your mobile app. But, let’s begin with a better understanding of the term mobile app monetization.
What Mobile App Monetization is? As the name suggests, app monetization is a method to generate money from a mobile app. And there are some good reasons why you would choose to do that. The 2017 U.S. App Report by comScore focused on user media consumption practices. One thing that was not surprising was the breakdown of platforms as well as devices generally used to devour media:
The image below clearly shows that Smartphone apps far surpass media consumption at the time when we compare it against other forms utilized. Nevertheless, the story doesn’t end here.
People are spending a huge time on apps. Consumers spend approximately 2.3 hours every day with media in apps. It is one of the key reasons why big news publishers prefer to build apps and monetize them. Obviously, no one wants to miss the chance to reach to huge amount of consumers to earn money from them. In case, you don’t have an app or it is yet to be monetized, then these tips and tricks will help you out.
Popular Tactics to Monetize Your Gaming App Advertising
Banner Ads
These are frequently screen’s cover part and can give you $2-$3 CPM. Banner ads are not a huge revenue creator and to some extent irritating for users, however, they are quite simple to implement.
More Games Button
It is precisely a simple method to take out money from the pocket of bigger gaming vendors. Users just need to click on the button to get the list of associated games they might be required.
Game Exit
As soon as the user finishes the game, you can display one last full-size advertisement. According to the app developers, this would help in earning money for your business. Icon Drop Icon drop is only available only on Android. The notion is easy; your game is verified to send push notifications to the users. These messages can be utilized to promote other games.
DLC (Selling Content)
Premium Version
In case you just moved away from developing paid games, it could be a simple option. You can release a light edition of your game and permit users to use the full version through an In-App Purchase.
Level Packs
This is an innovative version of the previous item on the list. You can break the game into some level packs and sell each one separately.
Visual Customization
With the help this option you can build and sell a customized edition of the actual game by changing the look, as well as the feel of your mobile app.
Wallpapers
Android or iOS app developers know that some users will always like your game. Therefore, building attractive wallpapers is a good idea as there are possibilities that they will buy wallpaper for their phone.
Ringtones
In case, you have composed an original music for your game, you can easily sell it in your store to earn a huge amount of money for you.
Restriction Removal
Remove Ads
This is a famous item for numerous games. After you have an edition with ads in it, there is a possibility to sell a version without ads. It generally goes for $0.99.
More Energy, Life or Turns
Energy mechanics implies that your game is restricting continues game play. Generally, the limit is approximately 5-10 short sessions. However, anyone wants to surpass the limit and continued playing needs to pay.
Virtual Economy More than 50% of the money is driving by the in-game economies in mobile games. Therefore, they need a huge portion of the list. Here I have broken down, two key components that you can consider:
Characters or Avatars
In case, you have a game with a character, which users can recognize with, you can bring in more options in this category. Moreover, it works in a better way if the characters have exclusive attributes. For example, one is stronger whereas the other one is quicker.
Training or Tuning
Mobile app development companies even include some characters, using which you can permit users to have training. Moreover, you can even sell tuning if your game is about cars.
Customizations
Around 20%-25% of users are wanting customizing look and feel of their car, character, weapons, etc., which is another way to monetize your app.
Final Words Here, in this article, I have discussed some useful tips to make money from your apps. In the end, I would like to suggest that always hire iOS or Android app developers with sufficient skills.