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An overview of why developers should break into the mobile application market. Insights on market trends globally and locally, and Steps that can be used by start-ups and individuals to monetize their mobile application.
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India ranks number 10 in the “Fastest Growing” iOS and Android market, with 171% growth between 2011 - 2012
640M
iOS and Android Devices in use
in July 2012
1.2M
Applications available for
download through iTunes & Google Play
2xFaster adoption
to mobile application
usage than the Internet boom
of the 90s
These are some
pretty impressive
statistics!
Methods to Monetize
1. You set the price.2. User pays to download the app.3. Apple / Google Play takes a 30% cut.4. The rest is yours.
Generates revenue through:1. Selling advertising. 2. Increasing sales of related product. 3. Increased Exposure through Branding.4. Sale for application upgrades
Paid App Free App
Mobile AdvertisingSimplest and most popular way to monetize an application.Click-Through Rate (CTR)Cost Per Million (CPM)
AdWhirl claim that you
can earn between
$400 - $5000 per
day!
The FREEMIUM ApplicationGive users a basic version of your product with one important functionality as a free download. The complete application with full benefits is available as a paid application.
In App PurchasePrompt users to buy virtual goods within the application for an enhanced experience.
M-CommerceApplication earns revenue from end-to-end transactions through the app. This involves efforts beyond app creation (ex. Redemption programs, merchant signups etc)
Usage Data based monetizationSuch apps are free to most users but sell targetted user intent to specified segments (ex. Consumer purchase intent)
M-PaymentDifferent from M-Commerce, generating revenue from only the “Buy” cycle for goods, services and paid content
BrandingIncreases the perception of your brand. Increased user engagement.
Popular Applications Think Big or Think Tiny…
Basic Execution:Great ConceptGood User Experience and DesignTight MarketingSmart Distribution Plan
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