The advancement of technology has led to the creation of many apps for a variety of uses. There is an app for everything these days, from social media and entertainment to health, productivity, and education. Apps have become so popular that they have replaced several tools we used earlier.
The market is constantly growing as more and more people are purchasing smartphones or tablets. In this race, developers who create apps make huge profits and benefit from this widespread usage. However, not many know how much money can be made from developing apps.
In order to break down the process involved in creating an app, it is important to understand that there is no clear estimate on how much money can be made through them initially. Developing an app is a simple process; however, making it widely available and visible can be difficult.
App developers are required to pay large fees to the app stores that host their apps before publishing them. However, there are no guarantees that people would download the app even if they have paid for it. This is why developers follow marketing strategies to gain exposure for their apps. For example, they may spend money on advertisements or pay reviewers/bloggers who will promote their apps for free in return for some other service or payment.
However, this should not put potential app developers off. There are still other ways of being successful within this field by understanding how much an average developer earns through different methods of creating an app. So let’s have a look at how much money you can make from developing apps.
An average mobile application developer, irrespective of the area they work in, is likely to earn a salary between $60k and $80k per year. While this may not be as much as developers working with other technologies such as .NET or Java, it still is a very respectable amount considering the learning curve involved. To keep up with all these changes, developers have to attend various training sessions and conferences where they will spend a great deal of money on travel expenses and time lost from work.
Another method providing high revenues for many app developers is ‘freemium.’ Freemium basically refers to offering an app for free. However, there may be some in-app purchases that can be bought for a small price. There are plenty of gaming and photo editing apps that follow this model, and developers often earn between $1 and $3 per download through these types of apps.