Every time my company, a global software data processing organization, is approached for services by a startup founder with a disruptive mobile app idea, we begin by asking questions to better understand how we can help. We frequently run into the same obstacle: startups not knowing how to monetize their idea.
Statista predicts that mobile app revenue will hit $935.2 billion by 2023. It is important to think of your monetization model early on, so that you can pitch your mobile startup to investors showing your vision through figures, such as stats and projections presented by key app performance metrics. Developers monetize their products in many different ways, and you too can find a model that is right for your audience and product.
