According to a report “In India people are watching TV more than 5 hours every day”.
Yeah, that’s a fact!
Now if we talk about News especially then In India, people love watching News compare to anything else. From morning tea to the late-night dinner we want to know what’s happening in our country, in our Continent or any update about outer space.
Well, in the news section the most common thing we get to hear from them is mostly about “Politics”, Did Narendra Modi is going to make any special announcement or again Rahul Gandhi started some allegation game on the Government, etc.
At the same time, we all know how we are addicted to our mobile phone. Right!
We can’t handle TV with us every time for getting any news. Well, for that we have our news mobile apps.
Yes, nowadays every news channel has its website, apps, youtube channels, etc. And people are loving it.
The Internet has changed the way news is changed. Instead of being a TV producer or editor of a newspaper, determining the most important stuff for us and then buying into their product, we are now free to roam the web to find the news that matters most to us. Huh. There are a ton of sites out there that can be difficult to deliver news and keep track of them all.
In this article, we will talk about how you should increase your profit by a news mobile application, which will help you stay organized, stay in the loop and find the news you want. We are not going to recommend any personal news sites. They all do a relatively good job on most news. However, each one lies politically in a certain way and is, therefore, less reliable than we would like. Thus, most of these news apps allow you to source in multiple locations at the same time so that you can form your own opinion!
Well, here we will discuss and will give you some awesome points through which you can increase your profit by a news mobile application.
Top 7 Ways Mobile Apps Can Increase Revenue for Your Business
According to a report, the mobile application is predicted to generate approximately $ 189 million by 2020. This is a clear sign that businesses have to come up with an app to get higher profit. However, there are entrepreneurs who are ready to invest in this platform.
Luckily, this article will walk you through some ways in which you can increase your business revenue through a mobile app.
The first option builds an app that can be accessed only after users have paid. In short, you have to come up with an app that has paid features. It starts with the downloading phase for the purchase of products and services within the app.
Nevertheless, you need to be cautious not to turn away users by paying exaggerated fees. Said that you take some time to standardize prices to get the desired results.
In one word – Great! This is arguably one of the most effective ways to improve the financial value of an app. All you have to do is to provide some free features but with limited functionality. Once the user likes this feature then he will definitely pay to get your additional features.
An example of such an app is Grammarly. The grammar check-up app allows you to perform basic services while offering extended features for a fixed fee. And there are many apps that follow the same tricks to get more and more benefits.
Most of the top mobile apps ensure that the platform is easy to use by people in different parts of the world. This means that you have to restrict your content for users to see what it holds.
For example, you need to use languages that make sense for users. The beauty of this strategy is that you circle through communication barriers. At the end of the day, you entice more users to your news mobile apps.
With mobile applications, you need to find the value that goes to your platform over time. This is known as the user’s lifetime value. The essence of this strategy is to ensure that users maintain the app’s growth over time.
Under this, you would be expected to use techniques such as deep linking to directly link users to the precise activity of the app. In addition, you need to ensure that you have a user-friendly interface. This should make it simple for users to understand the functionality of the application and enter the content.
The absolute number of enterprises offering these services has entangled consumers in the final product and services. This is why you will leave services/products to online visitors after a while. However, you can avoid this by using push notifications.
If you have your own mobile application then you may be able to send push notifications to your platform. What do push notifications do? Well, they are there to remind customers to shop for new products and services. All this may not inform customers of new products and services provided by you.
Intensive experts in the monetization of mobile apps confirm that in-app advertising helps the platform grow faster. You will need to engage with third-party companies that will place ads on your app.
Under this, you have options like the use of interstitial apps and native apps. The objective is a win-win situation for all parties. Remember, companies enjoy user retention because you also increase revenue for your news mobile apps. However, you should not bombard innumerable ads running through the app to users.
According to a report, The number of social media users reached 3.19 billion users by 2018. This is why you cannot ignore this number especially when you want to enhance your business. You can take advantage of this by having a news mobile app. Essentially, you get an opportunity to share your app link with users on social platforms.
Additionally, you use social media to attract more visitors to your products and services. That’s not all, link sharing makes it easy for users to share your link and attract more customers.
If you invest in these services then you will definitely attract more revenue on your platform. In the long run, you need to make sure that you demand more revenue for your business.
While there are countless strategies to generate mobile application revenue, the results may prove otherwise. This is why we analyzed and established the above strategies to help you hit your goals. This is how to test these strategies and optimize the ones that are suitable for your app.