Tips For a Better App Monetization Strategy

Mobile devices brought so many new habits to our lives. Such as mobile applications. They make almost everything easier now. For example; we don’t need to go out to shop now, or to eat, or etc. Everything is easier with mobile applications.

Mobile devices also brought new things to our lives. Such as mobile marketing. There are many ways to make money out of mobile devices now. One of them is mobile app monetization.

If you have a good mobile app monetization strategy, even being a millionaire won’t be a dream for you. In this post, we are going to talk about the tips for a better app monetization strategy. Let’s start!

What is Mobile App Monetization?

Let’s have a look at the definiton of mobile app monetization first. Basically; app monetization is to make money out of mobile applications through many ways.

https://www.statista.com/statistics/269025/worldwide-mobile-app-revenue-forecast/

As you can see on the graph above that shows the mobile app revenues from 2014 to 2023, the numbers are continuously rising. It is currently 461.7 billion dollars and forecasted to be 935.2 in 2023. So, there is no reason stopping you putting your efforts on mobile app monetization. J

Make Your Mobile App Monetization Great Again!

Here are some tips for your app monetization strategy:

Ad Unit / Placement Tactics

You might have an amazing app and thousands of daily active users but you might lose most of them if you put your mobile app advertisements in the wrong place and in the wrong format.

An average gamer spends 24 minutes everyday while playing games. So you shouldn’t bother them in this process but it will also be bad for your monetization. The best thing here you can do is to check average session lengths and retention rates of your apps and change your ad placement strategy.

You also should be careful when it comes to mobile ad formats. Here is a guide that you can get help from.

Choosing The Right Mobile Ad Platform

All your efforts might bring no result if you don’t implement them correctly. But don’t worry. You can get help from mobile ad platforms. But choosing them is an another task. Again, don’t worry.

You can click here and get more information about App Samurai’s Mobile Advertising and Mobile Growth Platform. J