Loading...
Answers
MenuHow can I monetize my app?
I am in the middle of developing a 2 platform app (user/provider) and I am not sure how to make money and monetize the app.
Answers
When you say "2 platform app" are you referring to a multi-sided platform? or specifically a 2 sided marketplace? Like Uber that has a driver and a passenger? If this is the case I recommend you reading about multisided platforms — https://www.amazon.com.br/Matchmakers-New-Economics-Multisided-Platforms/dp/1633691721. Once you read it I will be glad to talk with you with this VIP link https://clarity.fm/mgalli/crack806-multisided but keep in mind I am not an expert, just a leaner too that can offer some little help.
Hey,
This is one of my areas of expertise and I field that I love helping with, but I would need to know more details in order to assist - for example: what service does the user get? What's the industry?
The usual models are freemium or subscription or regular online packages sales - but again, it all depends what you're offering and to who.
Let me know more details and I can try an assist.
I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
For the last 15 years I have been engaged in pricing IT services and products. Monetization of app is a y product of building a business plan for your services. we can connect for developing a business plan based on
a) Your costs for development of the app
b) your regular cost going forward in enhancing and maintaining the app
c) user base target of your app
d) building a revenue model that will ensure sustenance and growth
Monetize apps is done by many ad networks but if i'm to recommend you the it is probably Facebook snd admob
IIt depends on your market. Which side will gain the most from using the app? If you help one side to gain more income there is a perfect place to have monetization strategy implemented. It could be a fee for the payment transaction (if you process payments) or some payment for completed project/class/etc.
If there is no payment in place you might consider making another profile level for either users or providers, giving this level features they are willing to pay for. Something that helps them save time or get some income as a result. It’s hard to say without more details about the app.
I won’t bother with regular ads, unless you can have some kind of partnership deal related to your niche. For example, if it’s an app for tourists/guides you might get a partnership with one of the airline ticker aggregators. Think about companies who can benefit more from ads for your app audience.
Give me a call I will teach you how to or you can message me on WhatsApp +2348118008998
One popular app monetization strategy is to offer both free and paid versions of your app. The benefits with this strategy is two-fold. On the one hand, it provides a free option for users to experience the basic functionality of app at no cost. Another popular app monetization strategy is in-app purchases, or IAP. The app itself, and usually the basic features of the app, are free. In some cases, users can still get access to premium features or functionality without paying. If they are patient enough to wait for certain features to be unlocked or to engage with the app frequently enough, then they can use the app for free indefinitely. Some developers choose to create free apps with a subscription model. With this strategy, the app is made free to download with limited access to the content or services offered.
You can read more here: https://admob.google.com/home/resources/5-app-monetization-strategies-to-grow-and-monetize-your-app/
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
For app developers, monetization is an incredibly important way of generating revenue without funding. It can also be incredibly effective given the number of time users spend on mobile apps every day. Most commonly used monetization models to run a commercial center. I'll show how the most recognizable marketplace apps with user/provider, such as Etsy, eBay, Airbnb, Upwork, and others, successfully simply meant these strategies. We likewise trust that our recommendation will assist you in picking the correct income model for your foundation. For detailed information, you can refer to my blog https://techwink.net/blog/how-to-successfully-monetize-your-online-marketplace.
I've successfully helped over hundreds of entrepreneurs, startups, and businesses, and I would be happy to help you. Please send me more information before scheduling a call - so I can give you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/ripul.chhabra
Related Questions
-
I'm looking for a solution where I can have an online calendar for my company's events
If you have a wordpress site try one of these: http://premium.wpmudev.org/projects/category/plugins/?s=calendarDB
-
Should we allow users to use our app in beta or wait to launch until the app is ready?
Congratulations on the launch of your Beta testing! That is half the battle. My advice would be to slowly do another round of Beta testing and inviting people who you know will give you good feedback and help you improve your app. Then in the mean time get PR to pump up your app again for launch in a month. Not every app when it launches is perfect, we all have to update apps on our phone constantly so do not be afraid to go live. If you would like to set up a phone call I would love to chat more in depth because I have two friends who have get apps that I may be able to connect you with who have been in the same shoes as you!LC
-
I have the following types of sponsorships for a conference I'm organizing: Bronze, Silver, Gold, Platinum and need a package bigger than Platinum.
Since you're already using metals for naming your packages: Bronze, Silver, Gold, Platinum...it only makes sense to add a Titanium package. The names you are suggesting are good, but you'll need to change your naming convention to something like: Basic Partner, Standard Partner, Collaborative Partner, Exclusive Partner... Keep all naming conventions the same. I hope this helps.SB
-
Is this idea worth pursuing and if so, how do I validate it?
Hi, the service exists. See this great pitch: https://www.youtube.com/watch?v=apqki21fWss Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-davidAB
-
If I build all of the operation expenses for a music festival, how should I request to be paid?
Hello I am Priyanka. In this I would like to share my personal experience with you. Being profitable goes beyond booking the right bands, picking the right location, and driving a successful marketing campaign. Even if the fest is popular, it won’t matter if you’re losing money by pricing your tickets too low or racking up overhead costs. It all comes down to revenue and expenses: Your biggest revenue boost comes from ticket sales, and the best way to reduce your expenses is through sponsorship. With that in mind, here’s how to ensure your music festival is profitable year after year: Build a solid ticketing strategy. You’ve got eyeballs on your ticketing page, but not all of those visitors are buying tickets. If your conversion rate (the percentage of visitors who buy tickets) is low, you may need a more streamlined ticketing process. It also could be that your ticket prices just seem too high for the bands you’ve lined up or your fest’s reputation. Or consider the opposite scenario: You’re worried you won’t sell enough tickets, so you set them at a price point you think will sell. It works. But you’re not making enough from those sales to turn a profit. “Ticketing is the most important part of the festival from a business standpoint. It has to be right,” says Tom Russell, cofounder of Founders Entertainment. With a value-based ticket pricing strategy, you can find the pricing sweet spot that’s appealing to fans — and good for your bottom line. There are also some sure-fire pricing tactics that will help you make more money. Early sales are a great tool. Our research shows the average music fest has five to six different early-sale tiers, offering an average discount of 10%. A discount like that should be small enough to not compromise revenue — and appealing enough to early bird buyers to give you a nice boost in sales. If you’d like to offer a more limited discount, quantity-based tiers, in which the first X number people to use a certain discount code get a better price, might help drive early sales and cultivate scarcity. You can also send last year’s attendees discount codes that can only be used by new attendees, so they have an excuse to invite more friends — and widen your fan base. On the other end of the ticketing spectrum, premium packages like VIP passes are an easy way to bump up revenue without pricing out lower-spending attendees. Recent research shows some events bring in 25% of their revenue from VIP sales alone. That could mean anything from exclusive areas to drink discounts to backstage passes to free merch. Now that you know these revenue-boosting tricks, how do you go about reducing your expenses? Get sponsors to help you out. More festivals than ever doesn’t just mean more competition for fans; it also means more competition for sponsors. More than a third of event organizers surveyed by Eventbrite said they struggled to stand out to sponsors. Among those who organize fests with less than 5,000 attendees, nearly 2/3 struggled. But securing those sponsorships is critical to putting on a great show without driving up ticket prices. To stand out from the crowd, offer ways for brands to build real relationships with fans. A logo on the stage isn’t enough. Fans need to interact with the products or brand in new ways. From an interactive exhibit or social media photo opp to bioreactive wristbands, there are lots of ideas out there on how to get brands on board with your fest. The most important step in this process, though, is to know who your fans are and what they want. Why? Because you need to be able to sell the brands on your fans. They know who their customers are, and they want to know they’ll be at your show. In addition to demographic info like age, gender, geography, and income, you should be able to provide some idea of your fans’ spending habits, lifestyle, and why they choose to come to your festival. Gather this info through custom questions in your purchase flow, or with surveys before or after the festival. For more tips on selling tickets, cutting costs, and using new data to make your festival efficient and profitable, For further queries you can consult me.PS
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.