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PREVIOUS:To maintain the fairness and enjoyment of the game for every player, careful balancing is necessary when utilizing in-game currency & virtual goods. It's critical to provide players with virtual goods that are valuable without turning the game into a pay-to-win situation in which the player with the most money wins hands-down. In order to increase demand and persuade players to buy, developers can also instill exclusivity or scarcity around particular virtual goods. Through meticulous planning of the virtual goods system & in-game economy, developers can produce a strong monetization plan that improves the overall gaming experience.NEXT:Daily challenges can also instill a sense of urgency and FOMO (fear of missing out) in players, encouraging them to log in daily to avoid losing out on important rewards. A successful strategy for growing a mobile game's audience and increasing revenue potential is to use cross-promotion and partnerships. By leveraging the current player base to drive downloads and engagement for both games, cross-promotion entails promoting one game within another from the same developer or publisher. This can be a useful strategy for introducing players to new games in the developer's library & inspiring them to check out more of the offerings, which could increase in-app purchases or the number of times ads are viewed across several games. Cross-promotion and revenue-generating opportunities can also be generated through collaborations with influencers or other brands.

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