Your app can generate revenue through different monetization models. Here are 7 to consider:
1. Paid app: No free version.
2. Freemium: Free to download and access basic features, with one-time or subscription pricing for premium access.
3. Subscription: Ongoing paid access to all features.
4. In-app purchases: While the customer is using the app, they can purchase add-ons, upgrades, and other expanded features.
5. Crowdfunding: Gain social proof and startup revenue through one-time or ongoing online crowdfunding campaigns.
6. Sponsorship: Instead of displaying ads, sponsoring companies provide financial backing, rewards, and other engagement to put their brand in front of their app’s user base.
7. Advertising: Ads display inside of the app interface.