The world of mobile app development and mobile app technology is booming, period. Entrepreneurs from all over the world want to have a piece of this endearing technology so as to boost up their product and startups. Revenue stats reveal that the total revenue generation from the mobile apps is projected to grow from $45.37 billion to $76.52 billion in 2017. With such a fast paced growth, it’s natural for the organizations to have excitement towards the technology, but to understand the money making technique you just need to slow down the momentum a little bit.
Understanding the science and art of making money through a mobile app and especially through In-App purchases is the first and the most essential step in building successful revenue generating app company. Moreover, monetizing the In-App purchases often boils down to one single question- why do people buy things from the apps? The answer is simple: if the app is able to satisfy the emotional and psychological needs of the customers, the latter would gleefully accept the In-App purchases enabling the makers with breath-taking revenues.
Prismetric Technologies is one of the premier mobile app development companies for Android and iOS.