1. Come up with Paid Apps
The first option entails building an app that can only be accessed after users make a payment. Basically, you have to come up with an app that has paid features. This starts from the downloading phase to the purchase of products and services within the app.
Nonetheless, you need to be cautious not to drive away users by having exaggerated fees. That said you take some time to standardize the prices to achieve the desired results.
2. Freemium Apps
This is arguably one of the most effective ways to improve monetary value for an app. All you have to do is to provide some free features but with limited functionality. Once the user has liked the feature then he or she will definitely pay to get the added features.
An example of such an app is Grammarly. The grammar check-up app allows you to do basic services while offering extended features for a certain fee.
3. Localization
Most of the top mobile apps ensure that the platform is easy to use by people in different part of the globe. This implies that you also have to localize your content for users to grasp what it entails.
For instance, you need to make use of languages that are understandable to the users. The beauty of this strategy is that you get to circumvent through the communication barriers. At the end of the day, you get to lure more users on your app.
4. Invest in Users’ LTV
With mobile apps, you need to find the value that users accrue to your platform over time. This is referred to as the user lifetime value. The essence of this strategy is to ensure that users sustain the growth of the app over time.
Under this, you will be expected to use techniques such as deep linking to direct users to the exact activity of the app. Moreover, you need to ensure that you have a user-friendly interface. This should entail simple design and content to make users understand the functionality of the application.
5. Use of Push Notifications
The overwhelming number of enterprises offering these services has rendered consumers confused on the end product and services. That is why you will find online visitors abandoning the services/products after a while. However, you can avoid this by using push notification.
If you have your own mobile application then you can be able to send push notifications to your platform. What do the push notifications do? Well, they are meant to remind clients to make a purchase of new products and services. That’s not all you can inform your customers of new products and services provided.