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App monetization strategies

by Vog Toronto App Developers

Paid App

This app is downloaded by users at a cost and then they have unlimited access to the application beyond the purchase.

1

Freemium

Freemium is the most widely adopted monetization strategy. This method requires nothing from consumers initially.

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2

Subscription

A subscription model is popular because it breaks down the price of a software or service into more digestible payments.

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3

Physical Product Purchases

This monetization strategy exists when you have a free application that sells physical products or services through the application. You can earn revenue on every purchase made through the application.

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Bottomline

Every strategy has its pros and cons. When looking at the business you are starting, you need to consider which is best suited for your business.

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Here at Vog, we are always ready to help. We are a proudly Canadian company that has developed applications across Canada, including Toronto.

Reach out to us for a consultation