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PREVIOUS:Use of visual assets, user feedback, keyword optimization, and ongoing performance analysis are all necessary when utilizing ASO to boost download volume. Mobile apps that charge users for extra content or features are often monetized through in-app purchases and subscription services. While subscriptions give users access to premium content or continuous services for a set monthly fee, in-app purchases let users purchase virtual goods, premium content, or unlock additional features within the app. Developers are able to produce income from active users & offer value-added services that improve the user experience by putting in place efficient in-app purchase and subscription models.NEXT:Through the implementation of personalized experiences, targeted notifications, engaging content, or loyalty programs, developers can enhance user retention and optimize revenue generated from current users. Also, understanding user spending trends and total revenue potential is possible through the analysis of ARPU and LTV. Developers can optimize revenue from various user segments by customizing monetization strategies based on user segmentation based on spending behavior & preferences. Enhancing the proportion of users who complete a desired action within the app, like purchasing a product or signing up for a service, is known as conversion rate optimization, or CRO. The interface of the app, pricing policies, and promotional offers can all be tested to maximize conversion rates and increase income from active users.
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