HOW TO INCREASE PROFITS WITH YOUR MOBILE APP
It's best to consult with one of our strategists for a customized plan for your partucular business and industry however here are some common ways to increase revenues and profits with a mobile app. There may a number of additional options and approaches better suited for your company.
01. In-App Catalogs, Products and Services
Having a shopping cart in your app so users can purchase your products and services on demand is a great way to make money through apps. This could include virtual goods such as reports, podcasts, speeches, ebooks, and tickets to events - or selling physical products such as shoes and clothing, accesories, electronics, and other items that would be scheduled for pickup or either shipped to the buyer. This allows your customers to shop at their own convenience - wherever they may be: at the beach, traveling, in a boring boardroom meeting, stuck in traffic, whenever and wherever!
02. Loyalty Points
This is a great feature to have in your app. It is a digital version of a traditional stamp card, sometimes called punch cards. Each time your customer attends your event or visits your location and makes a "qualified" purchase, you enter your vendor's secret code and offer a reward after the customer has reached the designated number of stamps, which you will set.
03. GPS Coupons
If you have a walk-in location (office, store, salon, restauraunt or other establishment), this digital coupon is a great feature to have in your app. Each time your customer visits your location, you enter your vendor's secret code and offer a reward after the customer has reached the set number of times required, which you will set.
04. Subscriptions
This allows app users to enjoy full functionality and view a predetermined amount of content for free, but then prompts them to sign up for a paid subscription for membership, additional content, or unlimited access. This is best suited for service-based companies and it allows you to earn revenue on a recurring basis.
05. Sponsorships
In order to gain exposure to your clients, some businesses will sponsor your app. In some cases, they may want to offer specials, value added services, discounts, or other incentives. Either the sponsor pays you for advertising through your app or you share in the revenues with redeemed rewards or purchases made through the app.
06. Paid Downloads
This simply means that if people want to download your app, they must first purchase it from the app store. App downloads can cost from $0.99 to $999.99. Note: app stores share up to 30% in download costs. The secret to this model is that you must set yourself apart as being different from similar free apps. You must have the ability to show unique branding and perceived quality and value.
07. Other
Contests, Questionaires, Survey Winning, Ad Publishers, Freemiums, Reward Points and other features may be a great way to increase the revenue through your app. After launching your Mobile App, we will provide you with a customized plan to market your app. We continually re-evaluate and make any necessary adjustments based on your business goals.
