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PREVIOUS:There exist multiple models of monetization, each with unique benefits and factors to take into account. The most popular methods of generating revenue are subscription models, in-app purchases, in-app advertising, and freemium. To choose the best monetization plan, developers must carefully consider the value proposition, target market, & market trends for their app. Basic features are provided for free in freemium models, with the option to upgrade to a premium version for more features.NEXT:Also, by integrating various ad networks, developers can use ad mediation platforms to optimize ad fill rates & eCPM (effective cost per mille). Through smart use of in-app advertising, developers can create valuable & long-lasting revenue streams by giving users relevant & interesting ad experiences. Developers can sell virtual goods, upgrades, or extra content inside their apps through the widely used monetization technique known as in-app purchases. This model works especially well for productivity tools, entertainment platforms, and gaming apps that allow users to upgrade their experiences through purchases.
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