How to monetize your app – Virtual Currency

Photo by Helcim

As a successful application developer you wonder what the best way to monetize your application is. You of course have the option of bombarding your application with ads. That might be a little intrusive and diminish the game experience. Another option is to employ the virtual currency option.
There are two ways of getting virtual currency. The obvious one is exchanging real currency for it. The other one is players participating in offers or surveys in exchange for in-game currency. This could be a win-win situation for both parties. The players get more in-game currency while completing offers they are possibly interested in, and you the developers get a share of the revenue.

If you wonder how many people would be willing to pay for in-game currency just look at the success Apple App Store applications had or some of the cheaper games on Steam. 9 out of 10 top paid apps on the Apple App Store are games. Users are willing and able to pay a small fee for an enhanced gaming experience. Even if the client comes from a country that is not top-paying, they still have the opportunity to get in-game currency by completing offers or surveys.

The good news is that as a developer, you don’t have to worry about how to implement virtual currency programs into your application. There are enough options out there for you to pick the best match for your app. What you need to take into account is the localization of the virtual currency offers or surveys. The more localized the offers are, the more successful the implementation of the virtual currency is going to be. Localization is key!

How do I connect with social media? I do not know where to start!

Everyone is scratching their heads about connecting to social media. It is a new year, corporations, brands, and individuals all want to connect to social media. They just do not know where to start. Well my recommendation is to first sit and figure out your overall objectives. What are you really looking to do and why do you want to do that? 

This is really important because there are so many options now. Brands can engage with target audiences through meaningful social applications, or just twitter about upcoming new products that consumers could possibly follow. Podcasting, blogging, and making a social network are other options as well. There are just too many to choose from! You can even make a game with your product that will not only increase your brand awareness but also provide ways to monetize and acquire new customers.

We have found that connecting with social media is not just a short-term process; it is a long-term vision and solution. Whatever you choose to do, you need to make sure it is not dead in a month or a week. Updates and continuous improvement are necessary to have engaged users. 

We specialize in making it engaging and meaningful social media application. We have found success of deep user engagement with all our applications on social media platforms. By deploying various social media analytics such as Sometrics, Google Analytics, etc we are able to tweak our applications in such a way to keep users engaged. On average, users on our application spend over 15 minutes each day. This is a sign of deep user engagement. 
Feel free to contact me!