How Much Money Can You Make From a Mobile App in 2021?

3rd September 2021By: meenal
How Much Money Can You Make From a Mobile App in 2021?

No doubt, mobile app development is an urgent call for businesses. Those days are gone when mobile phones were just used as a mode of communication. Presently, mobile phones are an important business tool. Today, we can order anything from a taxi ride to food using our smartphone, and its credit goes to the rise of mobile apps. Also, we use plenty of mobile apps for different purposes, such as Zomato, Amazon, Paytm, Uber, GooglePay, and many more. On the other hand, mobile app development is at the top of the marketing list for businesses as well.

If we talk about statistics, 48.20% of the world population owns a smartphone, out of which 85% of the smartphone holders make a purchase using mobile apps. All this information shows how important mobile app development is for businesses. Every business works for revenue; there is no doubt about it.

Have you ever wondered – how much money can you make from a mobile app? Well, mobile app development companies can correctly answer this question. To provide you with the answer, we searched top mobile app development companies on rating and review platforms like GoodFirms, SoftwareSuggest, and Fliarbi. By looking into these research and review platforms, we found the following top mobile app development companies:

  1. Code Brew Labs
  2. Vanser Technologies
  3. Netsmartz House
  4. Brain Star Technologies
  5. Allengers Infotech Private Limited

Code Brew Labs company heads the list on all three review platforms. Along with this, Code Brew Labs company reviews also make it a prime choice for those looking to build a mobile app for their business. Therefore, we choose Code Brew Labs company to know how much money you can make from a mobile app. 

How Much Money Can You Expect To Make From A Mobile App?

Mobile App Revenue

Numerous mobile apps earn billions, such as Netflix, Amazon, Uber, and more. On the other hand, many apps are a flop and don’t make money at all. Therefore, you can guarantee that you can earn that much money from a mobile app. In layman terms, it is impossible to give an exact number on how much money you can make from a mobile app as it depends upon plenty of things. According to the Code Brew Labs company, several things decide the future of your mobile app, such as app quality, features, services, business model, revenue model, and much more.

Code Brew Labs company states that if you want to make an app that can make you earn millions, you need to focus on the quality of your app. For this, you need to equip your app with the best services and features, choose the latest development technology, and hire the best mobile app development company for your mobile app development project. 

Revenue Model To Make Money With Mobile Apps

The revenue model of your business plays a vital role in the success of your mobile app. If you want to make more money with your mobile app, your business revenue model needs to be strong enough. Code Brew Labs company gives three options to its clients:

Premium Apps 

Premium apps charge a one-time fee to its users. It is just a belief that premium apps don’t make money because users don’t want to spend. But, do you know that in 2017, premium apps accounted for nearly $250 Billion in revenue.

Freemium Apps (In-App Purchases) 

Freemium apps are one the greatest ways to generate revenue through apps. It enables the users to download and use the app for free, but users have to purchase some premium features of the app. 

Subscription Model 

The subscription model is one of the highly prefered revenue models for mobile applications. Some of the top mobile apps follow the same subscription model, such as Netflix, Amazon Prime, Hulu, and more. It allows the users to download the app for free, but users have to buy a subscription plan to use the services on the app. 

Which Type Of Apps Have The Highest Probability To Generate Revenue?

According to Code Brew Labs company review and experience, the selection of a niche for your mobile app also plays a significant role in the success of your app. If you want to build a mobile app, you can go with the following categories:

Gaming Apps 

Gaming applications are the largest patrons of global app revenue. In 2018, iOS app store mobile app revenue for gaming apps crossed $33 billion. On the other hand, the Google Play store revenue for gaming apps crossed $21.5 billion.

Gaming App

E-Commerce Mobile Apps 

E-commerce mobile apps are the next big thing when it comes to mobile app development. According to a report, 79% of smartphone users make an online purchase from e-commerce apps using their smartphone. On the other hand, the share of mCommerce in all e-commerce is supposed to rise to 72.9% by 2021.

Apart from this, we have made a list of categories from which you can choose the niche of your mobile app development:

  • Mobile version of the newspaper, information portal, magazine, blogs, etc. (Forbes)
  • Music apps (Spotify)
  • eCommerce/Shopping Apps (eBay, Amazon)
  • IoT apps (Vialatm)
  • Sports and health apps (My Fitness Pal)
  • Social media apps (Facebook)
  • On-demand food delivery (UberEats, Deliveroo, Zomato)

Out of the aforementioned mobile apps, Code Brew Labs company suggests you choose from food ordering apps, social apps, music apps, and eCommerce apps.

Code Brew Labs company ratings & reviews confirms that it is not only the best mobile app development company but also has hands-on experience in building mobile apps, marketplaces, e-commerce platforms, and much more. 

ecommerce mobile app

Bottomline

If you build a mobile app for your business with zero planning, it will not give you any results. Remember, quality comes first. Mobile app development is not a new thing now, the market is full of competition. 

Before you start to build a mobile app for your business, it is important to understand your business goals, target audience, and the services that you are going to offer. Therefore, if you want to build a mobile app that can make you money, you need proper business planning and the best mobile app development company. 

Code Brew Labs company has successfully delivered thousands of mobile apps in all niches. Along with this, Code Brew Labs reviews are full from clients’ appreciation. According to Code Brew Labs company reviews, the company is not only known for the best mobile app development services but also on-time project deliveries. 

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