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PREVIOUS:Also, subscriptions can be tier-based, to accommodate various user segments and their financial willingness, by providing varying features or access levels at different price points. To effectively leverage in-app purchases & subscriptions, developers must thoughtfully craft their app's offerings, pricing plan, & value proposition to encourage users to make purchases while providing valuable experiences & content. For apps that provide free services or content in exchange for money from ad placements, advertising models are a common form of app monetization. Developers can incorporate rewarded videos, native ads, interstitial ads, banner ads, and other forms of advertising into their apps.NEXT:While lifetime value indicates the total amount of money made from a user during their entire app engagement, retention refers to an app's capacity to hold onto users over time. Developing engaging features, content, and experiences for users is essential to keeping them coming back to the app and encouraging them to spend money and time there. By using social media, push notifications, gamification features, customized experiences, loyalty plans, and community development, developers can keep users interested. Using user preferences, behavior, and demographics to customize the app's content & suggestions makes each user's experience more relevant and pleasurable.
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