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12 Ways of Mobile Apps Monetization in Nigeria

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Mobile Apps Monetization in Nigeria

Software developers are making money from mobile apps monetization. You have devoted boundless hours creating that flawless mobile app. You went to the Apple Store in order to publish it but the downloads didn’t go as planned. embarrassment for you.

On top of this vast issue is one more problem for app developers – i.e., mobile apps monetization. You see, monetization mobile apps are not only science but it is also an art.

Mobile Apps Monetization in Nigeria

Mobile Apps Monetization in Nigeria

Below are the various ways of mobile apps monetization in Nigeria:

  1. Mobile apps monetization: Ad placement                                                                                                      This may sound obvious, but running ads is the popular way of monetizing mobile apps. To get more ROIs from your ad spends, make sure the ads do not look too pushy and make the ads fit into the context (contextual advertising) with the content and theme of your app.
  2. Mobile apps monetization: Develop an easy to read code                                                                          You’ll make a decent source of proceeds by generating an app that is common and easy to read. These types of base app can far ahead become an extremely specialized app. For example, template copyrights can bring a noteworthy amount of profit for the developers is because many firms want to buy ready-made-solutions, as they can get the branded solution speedily and economically. You can change your base app to the unique needs of your customer.

Read Also: 7 Best Travel Apps In Nigeria Right Now

  1. Mobile apps monetization: Offer in-app purchases                                                                                      Your app download is most likely free, just like most apps on app store. Most of the apps that are downloaded online are free. However, once people start to use your app more, they might be interested in making in-app purchases to improve their experience.
  2. Mobile apps monetization: Offer a subscription-based service                                                                          You won’t have a stable recurring income from your mobile app until you have monthly recurring revenue business model. Sometimes, there will be good months and occasionally the opposite. With unstable revenue, taking your business to the next level can be an uphill battle. However, there’s a solution to it. You can add subscription-based model which will be more stable and deliver you more predictable income. Your users only need to submit their bank card details once, and until they cancel it, they’ll continue to get billed, generating recurring income for your business.
  3. Mobile apps monetization: Keep testing                                                                                                             If you’re not sure how your app users are using your apps or what’s the best method of monetizing your app, then don’t just leave it to guesswork. Until you have real data, you won’t know for sure. But once you have user data, you can then begin split testing to make big profits down the road.

Read Also: 5 Desktop App(s) That Help Business Operation in Nigeria

  1. Mobile apps monetization: Make a free ‘premium’ app                                                                                      If possible, don’t offer a free version of your app. Make sure to keep the cost of the app low to prevent scaring people away, nonetheless, charge a little as download fee. You’ll also filter out users who aren’t interested in your app. And those who will pay are often the ones who are going to be engaged, responsive, and eventually profitable users.
  2. Mobile apps monetization: Use SMS marketing                                                                                              SMS marketing works similar to email marketing. People hardly even change their phone numbers, and they often forget to unsubscribe. SMS works wonders because, just like Email, it is highly personal which helps convert users into purchasers. But you can’t know for sure until you test and see if it genuinely works for you.
  3. Mobile apps monetization: Your app as a “White label” solution                                                                     If you have an incredibly original app, but you lack necessary skills in the sales and marketing departments, consider giving your app as a white label solution. It’s a process of creating a product or service and selling to a company who can brand it as their own.

Read Also: 10 Best iOS App(s) for Business in Nigeria

  1. Mobile apps monetization: Think sponsored content                                                                                      Let me tell you a well-kept secret about most apps: even if your app generates over 1 million downloads won’t guarantee you profitability. Let’s say, you have a $1 product, and only 2% of users convert. To make a good income through apps, you’ll need a lot of downloads. But, there are other ways to monetize your app.
  2. Mobile apps monetization: Form partnerships and find sponsorships                                                        You can also find a partner or a sponsor who have a similar customer base as you do and propose them to cross-promote each other’s apps to other’s email list. If you don’t have an email list, don’t panic! You can offer a gift (an ebook, or a discount on your services) for free that your partner’s audience will love.
  3. Mobile apps monetization: Data monetization                                                                                            Make sure you are aware of the privacy laws and legal proceedings before you try to sell the data collected from the customer. There are different ways for making money through customer data. One of the ways is to sell the data directly. The other way is to influence non-mobile decisions.
  4. Mobile apps monetization: Start an email list                                                                                           Display ads, social media, and SEO are all great techniques to monetize your app. But email is where all the profit lies. If you don’t have an email list, consider offering a free offer (book, for example) in exchange for their email address. When you build an email list, you can communicate directly with your customers, without having to rely on Google and Facebook. And, one more thing. People hardly ever change their email address – meaning it can be a sales funnel that can last a lifetime.

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8 Small Business Apps for Planning And Accounting

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Running a small business involves wearing a lot of hats and can be exhausting! You would want to spend less time on the actual work but have a higher profit.  Thankfully, there are mobile applications that can make small business planning and accounting easy, faster and more efficient. This guide examines the 8 of the small business apps for planning and accounting which you should know and use today. Most of these apps are android applications.

Notably, most android planning and accounting apps lack the full functionality of web and desktop software applications. However, the convenience and accessibility they offer make them valuable assets for an extremely busy entrepreneur. With them, you can keep tabs on your business and accomplish accounting tasks when you are away from the office – whether you’re at home, on the road, working on a location or traveling.

The 8 Small Business Apps for Planning and Accounting

To help you navigate the seemingly endless sea of business apps, here are my top 8 proven to work small business apps for planning and accounting which you can deploy for your business.

1.     Google Tasks:

Research shows that taking out 5 minutes of your day to plan for it saves 5 hours. Get things done with Google’s plain but popular system for managing, capturing and editing your tasks. It integrates with Gmail and can be synchronised across all your devices, with free Apple and Android apps.

2.     FreshBooks:

FreshBooks is a mobile app that operates and stores data in the cloud. Cloud storage is especially nice if you are on the go. FreshBooks is often rated as outstanding and is suitable for both small businesses and freelancers. Some think it is more intuitive than QuickBooks.

The strength of FreshBooks is probably in customizing and automating your invoicing. It is compatible with 84 other different applications such as Shopify, Zoom, and G-Suite.

3.     inDinero:

inDinero is an amazing business apps for accounting and planning. This is a budgeting app that offers a lot of services for  small businesses. What is in for you? The inDinero app pulls your bank and credit card statements from all of your banks. There is no need to shoebox receipts due to this feature and inDinero places your expenses in the proper categories for you immediately. The app tracks the spending habits of the business every month.

In addition to helping the small business with budgeting, inDinero prepares financial reports like profit and loss statements, statements of cash flows, and assists in financial forecasting. It is compatible with most accounting and bookkeeping apps like Bill.com and QuickBooks Online.

4.     Fluidly:

Fluidly is cash management software that any business or accountant could use to keep on top of cash flow. It gives the business real-time cash flow forecasting so it can keep on top of its cash position and forecasted future cash position, Fluidly also helps your business plan for various cash flow scenarios.

5.     Evernote:

Evernote mobile app is particularly useful to small businesses in areas of planning and keeping accounts of transactions is the mobile Evernote app that is used for many purposes.

In business and in finance, there is always some extraneous piece of information you need to jot down that doesn’t seem to go anywhere else. You can use the powerful Evernote app for this.

Business Apps for Planning And Accounting

6.     Sage:

The next option in our list of the best business apps for accounting and planning is the Sage mobile app.

What are the benefits of Sage app to business for planning and accounting?

With the sage app you will be able to create and send professional invoices, track and log income and expenses, capture receipts, attach receipts to expenses, access account information, track and manage unpaid and overdue invoices, update business contacts and lots more.

7.     Wave:

Wave is an accounting software platform designed for businesses all around the world, independent contractors and sole proprietors with nine or fewer employees or even more employees. What does it have in store for you?

Wave lets you track sales and expenses, manage invoices and customer payments, pay employees, scan receipts and generate accounting reports. The company also offers free personal finance software to help small-business owners manage their finances in one place.

8.     QuickBooks:

Last but not the least; Quickbooks is an ideal app for accounting tasks on the go. It makes invoicing and other forms of accounting tasks super simple with its easy to use interface. It makes room for attachment of photos and notes to estimates, invoices, customers, and transactions. Guess what? They have more than a million downloads and nearly 25,000 user reviews on Google play.

The Bottom Line

Now that we’ve gone through eight of the best apps for small business accounting and planning, I guess you now have an idea of which app best suits your business needs. There’s no doubt that any of these applications can serve your business well. Get things done quicker, more efficient and most of all more profitably with the information provided NOW!!

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Top 10 Refer and Earn Apps in Nigeria 2020

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Hello there! Do you want an extra source of income? Or, are you interested in making some cool cash without having to risk investing a start-up capital? Do you just want to make some more productive use of your mobile phone, in generating some cash for yourself? If your answer to any of these questions is YES, then you’ve got yourself an opportunity to achieve just that by following this article to the end! This article discusses in detail the top 10 refer and earn Aapps in Nigeria 2020.

In the following paragraphs, you’ll get to know about a few mobile apps which pays you just for referring others to use the app.

But before going through these apps, here are a few things I feel you need to note before you could start earning:

  1. You need to be a registered user of the applications.
  2. You’ll need some data particularly for installing and running the applications.
  3. Trying to earn an income from this apps is NOT a Get-Rich-Quick thing. The earnings from these apps are not always gigantic, although they could add up really quickly if you out in more effort.
  4. The earnings may seem so little at the first. But don’t be discouraged; the more the referrals you make, the more you earn.
  5. You don’t need any special skill to start and/or manage these apps or the referral process. You can simply use the traditional methods to get new referrals from time to time; and finally
  6. You can start right away!
Top 10 Refer and Earn Apps in Nigeria

Top 10 Refer and Earn Apps in Nigeria

Top 10 Refer And Earn Apps in Nigeria 2020

See some of the top 10 refer and earn apps in Nigeria 2020 below:

(1) SumoTrust Affiliate

SumoTrust affiliate is a refer-and-earn program by a Nigerian-owned financial oraganization named SumoTrust. They are an automated investment/savings, learning and finance management organization. They help users in effectively planning their money, as well as make wiser financial and business decisions. Users set savings goals, and work towards achieving them over their forecast time. They also have other options where you can fix your savings you don’t want to spend over a period of time.

But how does their affiliate program work?

All they want from you is to share a referral link gotten from your Affiliate Earnings section in the account which you have with them. Send it to your friends on various social media handles such as Twitter, WhatsApp, etc. and ask them to join Sumotrust.

For each successful referral that registers and saves up to seven thousand five hundred naira (N7,500), you earn six hundred naira on the go! You can reach them on sumotrust.com or download their app from your respective application store.

(2) Motute Affiliate

Motute is an education-based app in partnership with SumoTrust. Motute (a.k.a. Mobile Institute) is a learning and teaching marketplace which connects instructors in various fields from around the world to organizations, individuals or group of individuals towards imparting novel skills and knowledge in building better careers as well as gaining financial freedom.

To participate in Motute referral program:

  • Download the app from your respective stores
  • Register with them
  • Then tell your family and friends about buying a course with them.

For every sale you bring to Motute, they pay you 25% commission. There you go.

(3) VFD Microfinance Bank App

VFD Microfinance bank app is a financial institution that operates a little differently from your regular bank. VFD microfinance bank boasts of putting out “Nigeria’s first truly virtual bank,” V. The application is free, and there aren’t any hidden charges either for funds transfer within or outside VFD.

How can you make money through VFD Microfinance bank app referral program?

Veelager is a platform on V which allows you to make money through referrals to the bank. Refer 25 people to V app and get thirty thousand naira, provided they continue banking with VFD. But that’s not the highest they pay for referrals. The more you refer, the more you earn. It’s as simple as that.

(4) FairMoney App

Fair money lends money to borrowers. You could loan up to five hundred thousand naira from them, all depending on their assessment of your financial profile or history. As soon as your application is made and approved, you get your credit alert from the bank, of course, with terms and conditions which you’ll agree to.

However, whenever you successfully make a referral to the app, FairMoney gives you a five hundred naira discount. Does it look too little? Multiply that by twenty and see what you get. The choice is yours to make. 

(5) Cowrywise App

Cowrywise is a financial organization, just like VFD which allows customers to save, invest and get interests over a period of time at interesting rates. Their savings and investments also come with security just as you’ll find in traditional commercial banks.

As a form of encouragement to customers towards referring others to them, Cowrywise rewards her customers. You could earn up to five hundred naira per referral as a Corporate ambassador with Cowrywise.

(6) Luno App

Luno app deals in different types of cryptos, especially etherium and bitcoin.  The app could also be used for savings, apart from trading.

For every referred user that purchases BTC worth five thousand naira, Luno rewards you with two hundred and fifty naira worth of bitcoin. Like I’ve always said, the more the referrals, the more you earn.

(7) JumiaPay Nigeria

JumiaPay, as you may already have guessed, is a subsidiary of the renowned ecommerce platform, Jumia. JumiaPay is a free online payment app that allows you to recharge your phone, book a ride, order your food, or even pay utility bills.

When you invite anyone to use the app, JumiaPay pays you N500 when your referrals spend above the same amount using the app. There you go.

(8) Carbon App

Next on our list is Carbon App. Carbon App, formerly known as PayLater, is a nice app for investing money, making loans or making payments.

Carbon App does not charge you for transactions done on the app: interesting if you asked me.

In a means of providing more earning platforms for its customers, Carbon app pays five hundred naira per referral when the referred repay their first loan.

(9) Branch App

Branch is an online lending platform that provides loans to customers. They offer loans ranging from N1, 500, up to N150, 000.

On every referral you make, Branch pays both you and the referred N500.

(10) Piggyvest App

And last but not the least, is Piggyvest App. Like Cowrywise, Piggyvest allows you to save, invest and earn interests over time.

When you make referrals, and they complete their profile, you earn N1000 on each referral. Multiply that by fifteen and see how much you’ve got.

There you have it: various applications which pay you for just making referrals via your social networks. The choice is now yours to make: will you take it or will you leave it? Make a move today and earn by just referring people – friends, family, even strangers to use any of these apps today!

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Why Samsung S10 Is The Best Bet For Technology Lovers; Full Review Of The Samsung Galaxy S10 Smartphone

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Samsung Galaxy S10 Smartphone

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