Speaking about paid apps, they have a clear benefit: they earn money right away when people download them. Let's figure out the secrets of how free apps make money. Steps to identify and choose the right monetization model for your business.Key app monetization strategies employed by successful apps.The various app monetization models and their differences.Throughout this article, you will discover: Drawing from my experience in product development and a deep understanding of market dynamics, I have prepared this article to help you navigate the complexities of app monetization. In this article, I will dive into the captivating world of app monetization and explore the most common and effective revenue-generating strategies that power the success of free apps.Īs a Product Manager at Uptech, I have had the opportunity to develop successful apps like Yaza, Cardless, and many others. However, 9 out of 10 apps are downloadable for free, which brings the question, how do free apps make money? It is lucrative by any standards, and naturally, you’ll want to tap into the market. The mobile app market was valued at $208.5 billion in 2022 and is projected to hit $777.4 billion by 2032.
