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How to make an App Making an App in the world where Apps are loaded with AI capabilities is not just an intelligent decision for any business to find their digital edge, it has become more of an essential than ever. Making an App with advanced capabilities like AI, AR/ VR, Automation is easier for bigger organizations since they always have resources and budget to hire their own team or an Mobile Application development company for a premium. But most of the First time App Entrepreneurs or startups wonder about what will be the best way to make an app or how to make an app from the scratch in limited budget and resources. A guide to make an App, with Examples 1. Define Your App Objectives Yes, we all know that the ultimate goal of any business is to generate a million-dollar revenue and an App business is pretty much capable to achieve that and more, however we suggest take one step at a time. First of all, define what Major Problem that your app is going to solve, then define secondary problems too. Figure out what is not already in the market that your app can fill with i.e Do an App Gap Analysis. Brainstorm about the main objective your app is going to serve. Will the app enhance the experience of all your customers or will it be generating sales and purchases? Will this App offer a unique technology that makes users life easier, or the app is going to be an extension of your existing business? Once you’ve figured out the Gap, Opportunity, and Problem then you can make an App startup business around it. 2. Do App Competition Research, Analyze, Validate App idea, build a strategy Scenario #1 – Your App idea is absolutely unique and there is no existing App which remotely does what you want your App to offer. Now this is a great App situation to be in. There is no App competitor, your App idea is unique so you’d think of going full force to build it, right? Well, not just like that! More important than not having a competitive App, is a viable business model that your App can support. In such a case where you’ve an App idea that doesn’t exist yet, you should be asking following questions – – Will users pay for this app, and if yes then how (via subscription, via ads, via in app purchase)? – How much scope of future improvement and enhancements is going to be there with your App idea? There must be a scope for scaling, enhancements to keep your users interested and engaged. Source: https://www.agicent.com/blog/how-to-make-an-app/

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How Do Free Apps Make Money Making money with free apps is a trending topic in the mobile application development world. The mobile app industry has been active for over a decade and is now generating billions of dollars in the revenue. Research shows from 2021 to 2022 the app and game revenues increased by 19.1% to $133 Billion and most of these Free Apps and games are free to download upfront and then charge for subscription or in-app purchases. Hence, it’s an estimate that the mobile app industry is most likely to hit a whopping $407.31 Billion by 2026. With more than three billion smartphone users, the industry keeps on expanding and bringing more revenue in the upcoming years. While there is so much growth and spread of apps across the globe, the demand for custom app development is at an all-time high. For App Tech startups, the app is a core product, but even for non-app tech startups the app is an essential tool to engage with their customers and users and to improve the overall business process. Hence this makes startups and entrepreneurs curious for answers to a few questions. Popular Revenue Models For How Do Free Apps Make Money 1. Revenue through Mobile Advertising In-app advertisement method, the most common and easiest method to implement when it comes to money-making apps via a third-party ad network like Google AdMob or Tapjoy (iron source) etc. As per the latest report by business standard the global mobile ad spend is going to reach $362 Billion and $412 Billion in 2023 and 2024 respectively. The free app market has always outnumbered the paid ones when it comes to profit and download numbers, however an app should have a large user base in order to convert that into significant revenue through in-app ads. 2. App Monetization through Sponsorships / Sponsored Content Another interesting and exciting method to earn money from a mobile app is sponsorship. In this method, the app owner needs to figure out the appropriate platform to launch the app. A platform or brand that has its identity before and a great audience base should be preferred. 3. In-app Purchase Freemium Model Another way to make money with free mobile apps is to offer in-app purchases in a Freemium Model. A Freemium Model means you offer some features of the Apps for free, while charge for some premium features. These are purchases that are made while the app is open. In-app purchases include things like extra lives, bonus levels in a game, or virtual goods in a social media app. Source: https://www.agicent.com/blog/how-do-free-apps-make-money/