how to make money from your mobile app: development aspects
TRANSCRIPT
Apologies…
Yes, I know this is a developers conference…
BUTI am going to talk with you business – not Tech
Why??? Because technology drives business and not the other way around!
Bottom Line:You are NOT a good developer until you understand your customer’s BUSINESS
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More Apologies…
ANDI am going to talk with you about giving things for FREE
Why??? Because YOU want to make MONEY
If you love someone – set him free
If u want to make money – give it for free
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About Me
Father of 3 wonderful children
High-Tech Professional for the last 30 years
- Computer geek in my teenage days
- Platoon commander in the Army Intelligence (computer related)
- Computer Science Graduate from the Technion
- Chief Architect at Mind CTI
- Founder and CEO Of Ignite – a global IT company
- Chairman of the Israeli R&D Managers forum
Lives in Kiev (Ukraine is my second home!)
* according to the World Bank
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What a Mobile Developer wants?
Good Salary
Interesting project
New Technologies
Get recognized as an expert
Have fun!
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Problem…
In order to have what I want as a developer – I need to satisfy my customer
Will I satisfy him by using the best technology?No
Will I satisfy him by creating the coolest UI?A little bit
Will I satisfy him by making him money?Yes!
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The Secret Formula…
Optimized Traffic X Optimized Acquisition X Optimized Monetization X Optimized Retention X
Leverage Success = $$$$$$$
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Optimized Traffic
App Promotion
Email Lists
Social Media
Guerilla marketing
Press coverage
Incentivized Installs installs
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Optimized Acquisition
Turn clicks into downloads
Turn downloads into registered users
Turn registered users into paying users
CONVERSION
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Optimized Monetization
The main business models:Just Free (marketing)Paid AppsIn-App Advertisement - App-dvertisement The Fremium Model
Premium + Free = FremiumGive it for free and make money on premium featuresMore than 90% of all apps in 2013 used fremium model!
And here comes the art:How to optimize your in-app purchases???
OtherM-commerceAffiliate sales
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Advertisement
In app advertisement
Banners
Video Ads
Rich Media Ads
Geo-targeted Ads
Cross promotion networks
Use multiple Ad NetworksThere is life outside AdMobMillenial Media, Adfonic, Chartboost, Tapjoy, Aditic, Admoda…
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Optimized Retention
Analytics, Analytics, Analytics
BI
CRM and user personalized engagement
Maximize your player value
Keep’em hooked
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Leverage Success
Sponsored Partnerships
App localization
Funneling fremium users to paid apps
Develop auxiliary apps
White labeling
Mechandising
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