Tag Archives: money

6 Techniques To Make Money From Your Mobile App.

How To Make from Your Mobile Apps?[

6 Techniques
1. In-App Advertising

2. In-App Purchases

3. Subscription

4. Paid Apps

5. Sponsorship

6. Affiliate Program

Ways to make money from your mobile app
There are a number of different ways to earn money from your app that you must explore and research on. Some of these ways might need you to charge your customers while others might not.

There is no ideal method or way to earn money from your app, and what would work the best for you is totally dependent on the services you are offering or your business model.

When you are building an app yourself, it is important that you understand what the best suited way would be to monetize your free app and bring in some enviable revenue. So, let’s get started!

1. In-App Advertising
This is probably the easiest and the most popular way to make some money with your app.

The way this works is that you let the advertisements show on your app.

As the app owner you get paid according to the number of impressions their ads make or the clicks they get, and the type of ads you are offering.

When you are allowing people to put up a video ad, you would get paid considerably more than a banner ad.

However, you would have to weigh in whether your customers would have the patience to watch the video ad whenever they use your app.

Not only is the type of ad important, but also the duration for which the video ad would run is of special significance as is the frequency with which you are going to show it.

These factors would help you hone your business model which you are basing on advertising.

BONUS: One interesting way in which you can earn money from your app is by not showing ads.

I’m serious! You can earn money from your users by offering them an ad free version of the app by buying an upgrade.

There are multiple platforms for doing this. The most popular one is Admob from Google.

At Appy Pie, we are offering Appy Jump which is a great way to monetize your app and earn back all the investment you put in.

Download List of Advertising Networks

2. In-App Purchases
This feature is more relevant from the users’ perspective. In this revenue model, users can unlock some additional features or levels after buying an upgrade.

In this model, an app can offer any extra bonus, any kind of premium content, virtual currency for the game, or unlock any extra level.

The in-app purchases that an app owner can offer may be consumables like virtual currency or non-consumables like advanced levels, maps, or other kind of virtual merchandise.

From among the most popular mobile apps more than 50% make use of in-app purchases to earn revenue. In future, the number of such apps is only going to increase.

This strategy is based on the freemium model, where you would be offering your app for free, but offering the premium features, advanced levels or access to premium content for an upgrade. Quite a popular model, in fact!

3. Subscription
The subscription model is a highly effective one and presents quite a fair deal for both the parties involved, the developer and the app user.

Here, your app would be offered to the users for free and be able to access some of the content without any charges.

Once the users begin enjoying the app and find some value in its offerings, they can upgrade to a paid subscription which would offer them unlimited, or staggered access to the app content.

Another similar model is where users get a free trial period and enjoy unlimited access to the app for a limited time period. Once that time period expires, the users is blocked and would have to buy the subscription to use the app beyond the trial period.

4. Paid Apps
You have spent a whole lot of time, money and other resources on building your app. It is only fair that you would want to put a tag on this final product.

This means if you were to offer your app for $0.99 and got a million downloads, you are almost at a million-dollar milestone for app revenue.

But there are contradictory views about its effectiveness.

The global statistics indicate that the mobile phone users do not have the habit of spending money on their apps. The numbers also say that there is not much money to be made by putting a price tag on your mobile app.

In the year 2017, the free mobile apps were downloaded for more than 250 billion times. However, the number of downloads for mobile apps stopped only at 15 billion!

5. Sponsorship
Another effective strategy but only works well only if you as an app owner can find a sponsor with similar or same target market.

Once you get the right sponsor, you can white label the app and can adapt their app design to match the sponsor’s brand.

The developer would have to build a niche app for customized app for customized users before launching the app on behalf of the Sponsor Company or Brand.

Now, this can be even your local barber shop or a popular restaurant.

There are two different ways in which you can workout a deal.

A revenue split
Monthly sponsorship fee
This strategy can actually be quite a lucrative proposition. The app developer, you in this case would get the benefit of the existing web traffic and brand loyalty that the sponsor has to offer. This can actually help you in promoting the app while expanding your user base.

6. Affiliate Program
A mobile affiliate network is essentially a mobile platform which brings the mobile advertisers and affiliates on a common ground.

While the mobile advertisers may be the mobile app owners or may be a business that sells a product or service through mobile web, the affiliates here carry out performance-based advertising for the advertisers.

Here, by joining a mobile affiliate network, you would be advertising relevant apps, products, or services being offered by your affiliates and earn money from it.

This revenue can either be in the form of a cost per action where you can earn money every time someone clicks on their ad, installs their app, or carries out any other (desired) action.

The second form is the revenue sharing model where you would receive a certain percentage of revenue that you have managed to generate for the advertiser.

You can enroll on any of these platforms and your app revenue is going to soar up exponentially!

Download List of Affiliate Platforms

Here’s something a little extra, just for you! A BONUS video from Abs, our Founder, CEO that talks about all the different ways in which you can make money from the app that you just built on Appy Pie!

This list of some really lucrative ways to make money from your app should help you get over any doubts you might have had about building your own app!

Now comes the fun part! You can build your own app without learning to code in 3 simple steps. All you need to Get Started is go to Appy Pie’s App Builder and your journey to making money starts there!

Concluding Note
There was a time when making money from mobile apps was a questionable idea. Times have changed, so has the industry. Not only are people recovering their cost of building an app but are also making a fortune with it.

There are a number of ways in which you can make money without your app users having to pay a single penny, while in others your app users generate your revenue.

There is no ‘correct’ method here, but different methods may be correct for different requirements.

The idea here should be to research and explore all possible methods, and maybe even try some of them hands on, before finalizing which way you plan to go.

In-app purchase
In-app purchase is a monetization technique that allows app users to purchase goods and services from within the mobile app using their smartphones.

In-App Advertising
In-app advertising is one of the most popular monetization strategies, in which app owners get paid to serve ads on their app.

Affiliate Program
A monetization tactic, affiliate program enables app owners to generate revenue by allowing others who target the same audience – “affiliates” – to earn a commission by recommending the product to others.

Sponsorship is a great way to earn money from your app but make sure you find a sponsor with similar or same target market.

Author |
Aasif Khan


Not Just How To Make Money But How To Save It.

This post isn’t how to make money but how to save it, which is sometimes just as good. We use credit our entire lives so it makes sense to maximize it to make the best of your financial situation.

And one way to save 10s of thousands of dollars over the course of your life is by building a good credit score!

Luckily, it’s surprisingly easy to build a good credit score over time. Keep reading so you can copy exactly what I did to get an 800+ credit score at the age of 23.

If you don’t know your credit score sign up on Credit Karma to check and monitor your score for free

How Does Good Credit Save You $1000s?
Credit is what banks and lenders look at to see if you are responsible with money. Whether we like it or not, a bad credit score will cost you 10s of thousands of dollars over the course of your life.

A bad credit score means you will pay higher interest if you get a loan. This will cost you A LOT if you get a house (mortgage) one day. It also costs you more for financing a car, getting insurance, some utility bills and so on. If you have really poor credit, you won’t even be approved to get loans. 

This can all be avoided and you’ll save a ton of money if you know how to use credit properly. Your future self will be thanking you.

How I Got an 800+ Credit Score at Age 23
Luckily it’s simple to build a good credit score. You just have to do the following things and your score will get higher and higher over the years.

1. Find out what your credit score is – Step one is to know what your score is in the first place so you can track your progress. You can sign up on Credit Karma to check and monitor your credit score for free, for life. Checking your score does not impact it.

2. Use credit cards like a debit card – It must be said, don’t buy anything if you don’t have the money to pay it off right away. Being in debt is obviously going backwards and hurting your score.

3. Pay for everything with a credit card (unless it doesn’t make sense to) – This will build your score over time. You also accumulate points which is like more money. If you make purchases with debit or cash, stop because it has zero benefits! 

It doesn’t matter how small your credit card transactions are either. Every transaction shows lenders you are responsible as long as you are paying it off. 

4. Start building credit right away – The longer your credit history the higher your score will be. For example, banks prefer someone with a 5 year track record over someone with a 5 month track record. So get a credit card as soon as you can to start building that history.

Also, NEVER cancel a credit card because it will delete some of that track record and lower your score. If a credit card has no annual fee, always keep it open. It doesn’t matter if you use it or not.

5. Get multiple credit cards – More cards builds your credit history but is also helps with something else. You want to use as little of your credit limit as possible. This is known as your Utilization Ratio and it effects 35% of your credit score.

Even though you are approved for a certain credit limit it hurts you if you use 100% of it!

For example, if your credit limit is $1000 and you spend $900 that will actually lower your score because you are spending 90% of your limit. But if you spend $900 on a $10,000 limit you are using only 9% of your credit which will improve your score.

So it’s a good idea to increase your credit limit so you have a low utilization ratio. Aim for under 10% ratio.

6. Try to always keep your balance at $0 – The more you have your balance at $0 the more credit companies like that. Yes you can pay off your balance in full on the last day and you’ll have a good score. But this is also about the utilization ratio above. It is better if you pay off your purchases earlier or ideally right after you buy something so your balance is always at $0. 

7. Keep learning about credit – I was able to get a 800+ score with just these tips but learning more will always get you further. Keep educating yourself about credit. One way to do that is download my app: Credit Score Advice or just find info on Google.

The Bottom Line
A good credit score can open many opportunities for you. On the contrary, a bad credit score can cost you a LOT of money because you’ll be getting high-interest rates and unfavorable credit terms. 

The good news is that improving your credit score doesn’t take any work after a little setup. You don’t need an 800 score either to see the benefits. Anything above a 700 score is great! 

I don’t have a mortgage, or a crazy spending limit. I’ve just been using credit cards for 5 years, building history, being responsible and using the advice above to build an 800+ score which means you can do it too. 

Once again, if you don’t know your credit score sign up on Credit Karma to check and monitor your score for free!

Rakuten (formerly known as Ebates) is a website that gives you cash back every time you shop online.

If you already shop online with sites like Amazon, eBay and many more – you will get free money if you sign up with Rakuten. How is that possible you may ask? 

Rakuten (formerly known as Ebates) is a website that gives you cash back every time you shop online. 

How do you earn money for shopping?

Rakuten is partnered with the biggest brands to give you free money for shopping online.

Once you make a Rakuten account you just do your shopping like normal, but now you’ll get cheques or PayPal deposits as money back. Here is how it works:
Make a free Rakuten account
Search for your favourite stores like (Amazon, eBay, Walmart, Target, Nike, etc)
Purchase your items, do your shopping like normal
Start earning cash back for your purchases
Receive money via PayPal or cheque every quarter 
Rakuten has amazing partners like Amazon, Nike, Old Navy, Walmart, J. Crew, Groupon, Sephora, Target and many other huge-name brands. 

You also get $10 for free when you make a $25 purchase. If you already shop online – it’s free money!

Zero memberships or fees
Get paid to shop online at popular stores
Has good sites like Amazon, Walmart, Groupon, and many many more
You can double your earnings by using Rakuten with a good cash back credit card
It takes no extra time out of your day
Get paid conveniently through PayPal or cheque 

Not all stores are featured on Rakuten
Must spend money to earn cash back (best if you already buy stuff online)
Not a real wealth builder 
As you can see there are no real downsides. It is free money if you already use websites like Amazon, Target or shop online at popular stores.

How much does Rakuten pay?
Cash back rates can range from 3% to as high as 40%. Most of the time you won’t find 40% deals but you do see 3-10% cash back most of the time. These figures can really add up over time.

And remember, this is money you’re spending anyways so it’s basically free money.

Is it legit?
Yes it is 100% real! In fact, there are 12 million members in the USA who have earned over $1 billion in cash back at their favorite stores.

There are no membership fees, and no catches.

Rakuten is able to do this because they are partners with these large companies. The companies give Rakuten a commission for every sale and then Rakuten shares that commission with you. It’s actually a genius business model.

How to get started
Who doesn’t take free money? Make a free Rakuten account then shop at your regular stores like normal. Don’t forget you will get $10 for free when make a $25 purchase! 

Rakuten is a way to earn money back with absolutely no effort. If you shop online already imagine getting a 3%-40% discount on everything you buy, no strings attached. 

Sign up now!

How To Get Paid to Shop and Deliver People’s Groceries.

Instacart is an online delivery service where you can get paid to shop and deliver people’s groceries.

It’s an easy side hustle for anyone that wants up to $25 bucks an hour. No special skills are required and it can be done either full-time or part-time if you’re in the USA or Canada.

Income Potential: $25/hour
Difficultly: Easy

Getting started
To sign up on Instacart all you have to do is fill a form on their website and wait to be approved. To be eligible you have to meet the following conditions:
Be over the age of 18
Have a smartphone with Android 5.0 or later, or iOs 9 or later
Can lift up to 30 pounds
If you get approved, Instacart will send you instructions on how to complete the full registration. Once your registration is approved, you will have a small training course so you can be ready to shop and deliver goods.

How much do you make?
Shoppers are compensated on an hourly rate, which is calculated by taking into consideration the number of orders, the items per order, the days when the shopper works, etc.

The payments are made on a weekly basis, and according to an article on HuffingtonPost, the hourly rate can go up to $25 per hour during busy hours.

Each client can also decide to tip you, which can be done in 2 ways:
On hand – when you deliver the groceries to them; or
Through the app – at the end of each order, Instacart offers clients to tip the shopper through the app. 100% of the tips go to the shopper without any deductions from Instacart’s part.
Another way of making money through the platform is referring it to other shoppers. You can send a link to people around you that would want to work as a shopper too and get a bonus for it.

When you register as a Personal Shopper, you can choose between 2 different roles:

Full Service Shopper –
as a Full Service Shopper, you can work for as many hours as you want per week without any limit. Your tasks can be either shopping and delivering groceries, or just delivering groceries. To be able to register as a Full Service Shopper, you will need a vehicle that has the proper insurance.

In Store Shopper –
the only condition to register as an In Store Shopper is just to be US-based. In Store Shoppers don’t need a vehicle, can work for a maximum of 29 hours per week and on a single store location.

How does the job work?
At the moment, Instacart has the following offers for customers:
Delivery within an hour done by a local Personal Shopper
Scheduled delivery at a set time in the future
Scheduled grocery pick up from the store at a set time
The most used and basic offer is the delivery by a local personal shopper. Most of the offers function in a similar way, but the basic one is done through a 4-step process:

1. The clients place an order online which contains their grocery list and any other notes they have for you (i.e. organic food, date, fruit type).

2. The personal shopper that is located near the market picks up the order and buys the required groceries according to the list.

3. The personal shopper pays the market with his/her Instacart prepaid debit card.

4. The personal shopper delivers the products to the set address mentioned in the order.

Pros of using Instacart
Flexible working schedule
Opportunity to make a lot of money during busy hours
Can work for just a few days

Cons of using Instacart
Items that are out of stock in the markets
Complicated customers with specific requirements
Unpredictable working hours
Not available everywhere

What type of vehicle do I need to become a personal shopper?
There are no specific requirements regarding the type of transport you use, as long as it allows you to respect the required time limits when you’re an In Store Shopper. For Full Service Shoppers, you need a vehicle with a proper insurance.

How do I sign up?
You can sign up on InstaCart’s website here

Next steps…
If you’ve signed up for Instacart or are already a shopper here are tips so you can make more money!

Making more money with Instacart ultimately comes down to your speed and efficiency. The faster you shop and pick items the more you will earn per hour since you earn a fixed price for each delivery.

Here are 30 tips summarized from Aleks Haugom’s fantastic video with some more bonus tips sprinkled throughout:

1. Shop Fast
The faster you shop the more you earn per hour. Shopping slow can make $12-$14/hour but if you learn to shop fast you can earn $25-$30/hour.

2. Don’t Worry About The Due Time
The due time is not the same time the customer sees so there is no need to be unnecessarily worried by it.

3. Use Large Bags
Use large reusable bags that can hold a lot of groceries. Invest in a quality bag or else it will break down. Here are links to 3 bags:
Ikea Bag ($1.49)
Collapsible Cart (On Amazon)
Cooler Bag (On Amazon)
4. Grab Multiple Carts (If Needed)
Do this if you’re doing a large delivery and there’s lots of bags. You can also grab a basket to grab multiple items while you park your cart in an aisle.

5. Park Near a Cart Rack
This makes it a lot easier when leaving the grocery store.

6. Drive A Small Car
If possible, drive a small car if you’re in a city. Easier to park and better on gas (which means more profit). If you don’t have a small car, have patience while you drive 🙂

7. Leave Bags At The Persons Door
If you knock on the persons door and they are not home just leave the bags by the door. Since more orders equals more money you won’t be wasting time waiting. Take a picture of how you left the bags and send it to the customer. This can also be proof if there is ever any disputes with HQ.

8. Always Carry Spare Change
If driving in a city make sure you always have dimes, nickles, and quarters for parking.

9. Don’t Speed
Drive safe and don’t get tickets

10. You Probably Won’t Get A Ticket On Private Property
Try to pay attention to who has jurisdiction to give parking tickets. If the place can’t issue a ticket or the tow truck can’t get there in time just park there if you’re willing to take the risk.

11. Familiarize Yourself With The Order
Don’t start shopping right away. Scan through the order on your phone and visualize what isles you’ll be going through.

12. Don’t Back Track
Scroll up and down through your order a lot. It’s better to go slower while you shop and not miss anything than to continuously back track.

13. Get A Portable Battery For Your Phone
Don’t let your phone die if you’re doing a long day! Alternatively you can keep a charger in your car.
Portable battery (On Amazon)
14. Take Quick Photos
Photos do not matter. Just take them quick and click “Force Mark as Found”. No one looks at them.

15. Check Dates Of Food
Make sure the food you’re buying (produce, meats, etc) are not expiring soon.

16. Don’t Use Produce Bags
There is no need to use the bags in the produce section. Only do so if it makes you move faster.

17. Replace Items Quickly
If you can’t find the right size item quickly replace it with a smaller size. If an item is out of stock don’t overthink it. Make a decision quick.

18. Stop Timer As Quickly As Possible
When you get your last item force through the end of the timer and take screenshots of the barcodes for when you go through checkout. The faster you appear to the algorithm the larger your orders could be.

19. Walk Fast
Super simple time saver. You can also pull the cart behind you to peak around corners quickly and safely.

20. Checkout Quick
Scan the barcodes and run the payment first. Then pack your items.

21. It’s Ok To Not Accept Some Orders
If a location is super far you don’t need to accept it. Just decline but head towards a grocery store to get prepared for your next order.

22. Bring Snacks
It can be a long day and you’ll save money from buying take out.

23. Buy A Cart
If delivering to apartment buildings this will be a life saver. Make sure to get a quality one and don’t skimp out.
Collapsible Cart (On Amazon)
24. Cover QR Code
If the app can’t recognize a barcode when taking a photo, try covering the QR code with your finger.
25. Download Store Apps
Some grocery stores are very large and it’s hard to find items. Download the store apps so you can see which aisle each item is when Instacart doesn’t provide that.

26. Talk With Customers
Use voice to text to message customers. This is a faster way to communicate and it’s also good to send messages to your customer for a chance to increase tips.

27. Save Deli Orders To The End
Save deli orders until after you hit go to checkout and enter all your receipt information. This way the deli orders don’t count towards your average time.

28. Hit Delivery Button When You Get In Your Car
Make sure you’ve paid for the groceries and are at least walking out before you tap Start Delivery. This way it seems like you’re getting to your customer faster.

29. Talk To Customer
When you deliver the order ask the customer how their day is going and chat with them. Your tips will increase from this in the long run.

30. Find More Ways To Be Faster
There are hundreds of other hacks you can find while shopping. If you keep searching for them you can go from making $12 hour to $25+ an hour.

If you haven’t already, you can sign up for Instacart here and start making money!

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The Secret In Making Money and Keeping It. 

The secret about money!

Money is a resource that everyone is after, but the secret which everyone isn’t aware of, is that money don’t just come. It is attracted by the environment one would have created. Instead of pursuing money, pursue an idea. Why? Because money pursue ideas.

Take a deep look at how money circulates from one person to another. If you do not have an idea you won’t have money. Money doesn’t stay in one pocket, on one person. Why? Because no one owns money, no one has power over money. The only thing that has power over money is an idea. An idea is the power of humanity over money. When you have an idea you attract money but it does not mean to say you are going to have it forever.

Keep improving, upgrading your idea because money is attracted to the best idea. That is why people believe that money comes and goes. When money leaves your pocket it goes to someone with a better idea than yours. If you want to have money and success in life be a problem solver. Look for problems and turn them into opportunities. There are a lot of successful businesses that fell because of lack of new ideas on how to upgrade and improve their departments. Every rich and successful person started with an idea. These clothes we are putting on started as an idea, these chairs we sit on started as an idea, the light bulb started as an idea, everything else started as an idea, so there is a need to come up with an idea before money. Money is the last thing to consider because it follows our thoughts. The most critical thing needed in life to be successful is not money or anything material but just an idea.

Take a deep look into your life and be true to yourself. How many ideas did you come up with and how many have you pursued? Don’t blame the economy or anyone, blame yourself and your thinking. Your thoughts made you! Change the way you think and start thinking positively abt your life and take progress. Money is always hidden behind an idea!!!!!