Mobile App Development is being quite famous these days as most people out there use a smartphone and use a lot of apps on their smartphones. So, basically, we are living in an era where mobile apps are quite popular. Businesses are availing mobile app development services to enable digital transformation for their business to make more revenue.
So, a mobile app development idea can be a great choice if you want to generate a substantial passive income source. While you focus on your main business, a mobile app will provide you with a huge passive income from the ads, subscription, and other various sources. Let’s see how in detail.
How Mobile Apps Generate Revenue
There are various monetizing strategies to monetize your mobile application. Mobile App is the best source of passive income, and it will earn you money even when you are asleep. But, have you wondered how a mobile app can make you a lot of money. The answer is here. Here are different app monetizing techniques that will bring you a huge passive income.
Putting Ads
Putting ads in your mobile app is the very first option to generate revenue from it. Ad providers will send relevant ads to the users, and if the users click on those ads, you get money for it. So, even if you offer your app for free to all users, you will be able to generate some revenue from ads.
Paid App
You can set some price for your app, which the user has to pay before downloding your app, and you will get a royalty for each download of your app. You can also offer discounts occasionally and grow your user base. Paid apps are a famous app monetizing technique.
Subscription Model
Another way to monetize the app is to put adopt a subscription-based model for your mobile app. The users have to pay a monthly or yearly fee to use your app, and you will provide content, services, or whatever your app serves to the users without any ads.
Data
With the user consent, you can use the data such as the email address, phone number of your user base to grow your business. Suppose if you have a restaurant business, then you can try on-demand food delivery app development, and use the app user data to grow your restaurant business.
Now, coming to a rather important topic, mobile app development ideas, which can generate a huge passive income for you in 2021. So, here are some app development ideas you might consider to develop your mobile app.
Mobile App Development Ideas for 2021
Here are those mobile app development ideas that can bring you a huge passive income in 2021 and make money for you even when you are asleep.
Healthcare App Development
You can develop a mobile healthcare app that allows the users to schedule an appointment with doctors, give them health tips, reminds them to take their medicines on time, and help them with other health-related stuff. People badly need such apps, and yours can be an instant hit if you have developed and marketed it in the right way. So, you can try healthcare app development in 2021 to generate your passive income.
On-demand Taxi Booking App
A taxi is the most preferred mode of transport, as people are avoiding public transport like buses and trains, so in such a time, a taxi booking app is in demand, and you must take advantage of it, and develop a taxi booking app. You can earn a commission from every ride the customer takes, and the rest you have to pay to the driver or the taxi owner.
Crypto Wallet App
Cryptocurrency is getting famous with each passing day, and everyone is investing in different cryptocurrencies like Bitcoin, Ethereum, Litecoin, Monero, etc. and to store that cryptocurrency, one must need a wallet. So, you can try developing a crypto wallet mobile app and serve people with the facility to store their cryptocurrency in your Crypto Wallet App. You can earn a commission for each transaction from the user, and that can fetch you a great amount of money!
Pet-walking App
Almost everyone has a pet in their house, and most pets need a walk every day; and the owner might be free or not free, so they need a walker who can walk their pet. In such a situation, a pet walking app can come in handy, so you should try a pet-walking app, and pet-walkers nearby you can be your pet-walker and provide you with pet-walking services. You can earn through commission in this pet-walking app, which also promises a huge ROI.
eLearning App
Going to school or colleges is not yet allowed, so students are learning from home, and online lectures are sometimes too noisy and frustrating for students. So, they are trying different eLearning apps to understand their syllabus. Developing an eLearning app that offers a lot of courses can be an instant hit in the market, and it will bring you a wholesome amount of revenue as well.
Job Hunting Platform
Developing a job-hunting platform or mobile app can be beneficial these days because there are a lot of people who lost their work or want to switch their jobs these days. Such a time is perfect to launch your job hunting mobile app. You can put ads in your app and might as well earn a commission from employers Such type of app could be beneficial for you to generate a passive income.
Meditation App
People are being conscious of their health and performing home exercise and meditation daily. Now when people know the importance of meditation, they are performing it daily, and they need a guide or an app that can guide them to perform their daily meditation exercise. You can develop a meditation app that guides people to perform their daily meditation exercises. You can launch a premium subscription for it and earn a decent income from it.
Final Words:
So, these were some mobile app development ideas to generate a huge passive income in 2021, and we hope that by developing such apps, you can make a way to earn a decent amount even when you are asleep. To develop such apps, you will need a mobile app development company that can develop such an app for you and market it worldwide. Such a company is INEXTURE, and it will help you develop your mobile app in the right way. Just contact us or drop an email at sales@inexture.com, and we will contact you very soon to discuss your mobile app development project to launch in 2021.
