{"id":3399,"date":"2020-03-09T11:12:00","date_gmt":"2020-03-09T11:12:00","guid":{"rendered":"https:\/\/wealthbankers.com\/academy\/?p=3399"},"modified":"2022-03-28T18:03:42","modified_gmt":"2022-03-28T18:03:42","slug":"how-build-mobile-actually-makes-money","status":"publish","type":"post","link":"https:\/\/wealthbankers.com\/academy\/how-build-mobile-actually-makes-money\/","title":{"rendered":"How to Build a Mobile App that Actually Makes Money"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Mobile Apps are the gateway for businesses to improve in their company. They are also the best and perfect platform when it comes to the next big hit, like Snapchat or Instagram.No Matter what your reason is for creating an app, I have no doubt you have something in common with other equal potential developers. All of you want to make financial benefit out of it.<\/p>\n<h2>Info Pages &amp; Links for Prospective Students<\/h2>\n<ul>\n<li id=\"menu-item-8513\" class=\"menu-item menu-item-type-post_type menu-item-object-page current-menu-item page_item page-item-8507 current_page_item menu-item-8513\"><a href=\"https:\/\/wealthbankers.com\/academy\/dwta-courses-fees\/\" target=\"_blank\" rel=\"noopener\" aria-current=\"page\">DWTA Courses &amp; Fees<\/a><\/li>\n<li id=\"menu-item-8474\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-8474\"><a href=\"https:\/\/wealthbankers.com\/academy\/requirements\/\">Admission &amp; Entry Requirements<\/a><\/li>\n<li id=\"menu-item-8542\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-8542\"><a href=\"https:\/\/wealthbankers.com\/academy\/apply\/\">Submit Your Application Here \u2013 Apply Now<\/a><\/li>\n<li id=\"menu-item-8632\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-8632\"><a href=\"https:\/\/wealthbankers.com\/academy\/new-students-computer-it-schools\/\" target=\"_blank\" rel=\"noopener\">Info for New Students<\/a><\/li>\n<li id=\"menu-item-2137\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2137\"><a href=\"https:\/\/wealthbankers.com\/academy\/career-paths-job-types-computer-ict-schools\/\">DWTA Student Career Paths Program<\/a><\/li>\n<li id=\"menu-item-7082\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7082\"><a href=\"https:\/\/wealthbankers.com\/academy\/online-distance-learning\/\">Online Learning<\/a><\/li>\n<li id=\"menu-item-7470\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7470\"><a href=\"https:\/\/wealthbankers.com\/academy\/offline-campus-learning\/\">Offline Learning<\/a><\/li>\n<li id=\"menu-item-8472\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-home menu-item-8472\"><a href=\"https:\/\/wealthbankers.com\/academy\/\">Tech Experts Should Not Be Poor<\/a><\/li>\n<li id=\"menu-item-8473\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-8473\"><a href=\"https:\/\/wealthbankers.com\/academy\/how-build-tech-career-become-rich\/\">Tech Career to Become Rich<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>To start with, I applaud you for doing the research before beginning to build your first app.<\/strong><\/span><\/p>\n<p>I\u2019ve found out that so many people were inexperienced enough to think that just because they created an app, it would automatically produce money. That\u2019s untrue.<\/p>\n<p><strong>Here\u2019s a similarity.<\/strong><\/p>\n<p>If you set up a new business, will it automatically generate money? Certainly not. Thankfully, you\u2019ve come to the right place. As a genius in the mobile application industry, I have the knowledge and familiarity to help steer you in the right direction. It is undeniable that 90% of the time spent on mobile devices is in apps. Clients clearly love to use apps, so you have more chances. The clue is getting to know how to choose the best app that will attract user interest and eventually get downloads. But you need to realize that downloads alone don\u2019t always immediately translate to dollars. Creating an app is costly, and you\u2019ll come a One-click and done. That\u2019s easy for the customer and you start getting the money instantly.<\/p>\n<p><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/wealthbankers.com\/academy\/mobile-app-developer-how-generate-wealth-how-dwta-helps-create-quality-relevant-apps\/\" target=\"_blank\" rel=\"noopener noreferrer\">See Also &gt; As a Mobile App Developer, How to Generate Wealth and How DWTA Helps Create Quality Relevant Apps<\/a><\/span><\/p>\n<p>How can this be compared to a mobile site? If your website has speed, what else could slow the customer down?<\/p>\n<ul>\n<li>The customer has to log in to their PayPal account or to enter their credit card information.<\/li>\n<li>Overall, it\u2019s just a longer process and more of a headache for the user.<\/li>\n<li>Plus, typing out all of that information on small screens results in errors that can slow things down even more.<\/li>\n<li>Don\u2019t get me wrong, I\u2019m not saying your mobile site shouldn\u2019t have a checkout page or have ways to make money through credit card purchases.<\/li>\n<li>All I\u2019m trying to imply is emphasize that <em>in-app purchases are better<\/em>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Difference between <\/strong><strong>iOS and Android <\/strong><strong>in terms of purchases<\/strong><\/h3>\n<ul>\n<li>Although iOS may have a higher number of the usual purchases, Android has an influence in terms of total users.<\/li>\n<li>Looking back at the portion of smartphone sales last year, there were 432 million devices sold.<\/li>\n<li>Of the 432 million phones, 77 million had iOS software at the same time that 352 million ran on Android\u2019s platform.<\/li>\n<li>If the two platforms are merged, 99% of the market share, but Android alone accounts for 81.7%.<\/li>\n<li>But 16% of Android developers earn over $5,000 per month with their mobile apps, and 25% of iOS developers make over $5,000 through app profits.<\/li>\n<li>So keep these statistics in mind if you\u2019re only planning to deliver on just one operating system.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>What if you are selling physical products?<\/strong><\/h3>\n<p>We recently touched on this, but I wanted to continue to explain in details on this topic. To effectively sell products through an app, you have to put yourself in the shoes and minds of a mobile shopper. 40% of mobile users have bought something online with their smartphone and this number continues to grow each year.<\/p>\n<p>There are generational trends too. For example, Millennials are more in this category 63% of Millennials have used smartphones and tablets to make an online purchase. 70% of the company\u2019s total sales are generated from mobile devices. Roughly twice of those sales comes straight from their app. Approximately 150,000 to 200,000 users download this app each month. And 57% of their shoppers are repeat customers.<\/p>\n<p><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/wealthbankers.com\/academy\/10-awesome-mobile-apps-ideas-to-develop-and-make-money-from-dwta-training-tech-entrepreneur\/\" target=\"_blank\" rel=\"noopener noreferrer\">See Also &gt; 10 Awsome Mobile App Ideas to Develop and How to Learn to Make Money From DWTA Training Tech Institute.<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>When you have the skills to focus on customer acquisition and customer retention at the same time, it\u2019s a great recipe for success.<\/strong><\/span><\/p>\n<p>It\u2019s the ease at which they check out that makes your online App so successful. After you download the app, you\u2019ll create a profile that securely saves your information. That way whenever clients open the app, they can get straight to shopping through a simple navigation screen.<\/p>\n<p>Customers can easily search for and scroll through items that they\u2019re interested in. Once they find something that catches their interest, they can click on the product to find out more information about it. Now the user will see a detailed description of the product in addition to a larger photo.<\/p>\n<p>If they like what they see and read, they can add it to their shopping cart with just one click and can even add more as more beautiful ones are one the same page. Once it\u2019s in their cart, the customer can check out in just one simple click.<\/p>\n<p>This app allows users to complete the shopping and purchase process in just three steps and it&#8217;s less stressful compared to website e-commerce.Plus if you\u2019re currently selling products on your website and mobile site, you can generate more revenue by building a unique mobile app.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Free apps vs paid apps<\/strong><\/h3>\n<p>One of the things you\u2019ll want to consider is whether or not you\u2019re going to charge users to download your app. Averagely, you would generate a higher revenue per download and this may seem like a nice way to get some upfront profits, but you might turn customers away if they have to pay.90% of the apps on the Apple App Store are free but that doesn\u2019t mean you can do the same.<\/p>\n<p>If they are willing to make the initial purchase just for installation, they may be more likely to use it and make additional purchases. They could potentially download your app because it\u2019s free and they check it out once and never use it again.<\/p>\n<p>While they may sound discouraging but be optimistic as it\u2019s a gradual process. It doesn\u2019t cost you anything to have users download your app and never use it. If you\u2019re confused about releasing a free or paid app, I will towards recommending a free download. This will increase the chances of getting more downloads, and you can make money through other sources.<\/p>\n<p>So there\u2019s surely some money you can make if you can sell advertising space on your app. Keep in mind, these numbers are normal, and they aren\u2019t difficult. Another way to make money from a free app is with upgrades, subscriptions and even ratings of your Apps.<\/p>\n<p>That\u2019s where a premium subscription comes into play. Let your client download and use the app for free, but withhold the best features for users who are willing to pay.<\/p>\n<p><a href=\"https:\/\/wealthbankers.com\/academy\/4-young-app-developers-who-became-millionaires-and-how-dwta-is-training-future-tech-millionaires\/?preview_id=3357&amp;preview_nonce=c4e7c5922a&amp;_thumbnail_id=3712&amp;preview=true\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #3366ff;\">See Also &gt; 10 Young App Developers Who Became Millionaires and How DWTA is Training Future Tech Millionaires\u00a0<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Conclusion<\/strong><\/h3>\n<p>Not all apps generate money. If your plan is to just build one without a strategy and just sit back to collect your money, you\u2019ll be in for a disappointment.<\/p>\n<p>Like how every business has a strategy, you need to have a strategy and goal before you start building an app. Mobile users prefer apps compared to mobile sites. So while you definitely need a website that\u2019s optimized for mobile devices, an app can make the customer experience much better.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Mobile Apps are the gateway for businesses to improve in their company. They are also the best and perfect platform when it comes to the next big hit, like Snapchat or Instagram.No Matter what your reason is for creating an app, I have no doubt you have something in common with other equal potential&#8230;<\/p>\n","protected":false},"author":4,"featured_media":3615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Build a Mobile App that Actually Makes Money - DevWorld Tech Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wealthbankers.com\/academy\/how-build-mobile-actually-makes-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Build a Mobile App that Actually Makes Money - DevWorld Tech Academy\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Mobile Apps are the gateway for businesses to improve in their company. 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