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Did you know that in 2018 alone the WhatsApp messaging platform was downloaded 747 million times, according to Priori Data? That is, on average, it was downloaded more than 2 million times a day in the world.

Although Facebook, Instagram and Messenger are also among the most downloaded Apps, the games represent an attraction for smartphone users. According to the Statista statistics page, 6 of the 10 most downloaded Apps in April 2019 were games. For example, the Stack Ball game was downloaded 25.1 million times during that month alone.

Can you imagine the amount of money a game can produce for having thousands of users? Do you know where the money earned by an App creator comes from? The Apps business goes in only one direction. This is how these products are profitable.

 

In 2018, mobile phone users spent $ 71.3 billion on Apps

These figures revealed by Sensor Tower Store Intelligence, an American company specializing in data on mobile applications, demonstrate the multi-million dollar business it has become.

Figures from the same company stated that the growth in this item compared to 2017 was 22.7%. In 2017, users allocated US $ 58.1 billion in Apps downloaded from iOS and Android devices.

If you are wondering what the users of mobile applications spent the money on, we tell you that these revenues presented above correspond only to three items; Purchases in applications, subscriptions and acquisition of Premium Apps.

 

Where does the money from the earnings of an App come from?

  1. In-App Purchases: This model is widely used in free applications, where users can download extra products within it. For example, pay to get more lives or more candy in Candy Crush.
  2. Freemium: The free App is offered, but for use without advertising or with additional improvements you can purchase the Premium version. For example, Spotify, which allows access to additional and improved functions by acquiring the Premium version.
  3. Advertising: Incorporation of advertising within the App. It can be selling direct advertising with the interested company, or through mobile ad networks such as Google AdMob.
  4. Offering a product or service: UBER, for example, earns revenue from the transport service. Amazon does it as a sales platform.
  5. Subscription: The best example is magazines and newspapers, which allow access to special and unlimited content. In order to enter the App, you need to subscribe.
  6. Sale: There are Apps that to be able to use them, it is necessary to buy them.
  7. Data collection: There are Apps that legally have authorized access to information from thousands of users. These data are very valuable, as information such as sex, age, location and behaviors, among others, can be very useful for brands and advertising companies.

 

There are free applications that correspond to an additional service of another product or service that is provided outside of digital platforms. There are also other free apps that serve as a means of loyalty and attracting new customers, so they do not seek a direct return. Profiting an App is not a simple job, since the first job is to position yourself in a market with thousands of mobile applications.

According to predictions from App Annie, a company specialized in Apps analytics, in 2019 their revenues will reach US $ 122 billion. This ambitious figure is about to be verified.
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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Yard Sale
There are times when we are in dire need of money. All salutations to the online world and dynamic platforms that have made almost anything possible, as they provide an immense scope of opportunities to earn cash by selling our old and unneeded goods. Obviously, there are a lot of ways to earn money online and one of the fastest ways to do so is selling stuff you already have. Practically speaking, it is ideal to earn cash for your items when the demand is high in the market because you can maximize your earning by asking for peak price.

Significance of Trading Unwanted Stuff

Every month brings its own colors and trends. It is ideal to consider seasonality before deciding to sell your items. In order to get the best price for the goods that are up for sale, they must be in good working condition. Without a doubt, Americans live in abundance. Recently, The Wall Street Journal reported that Americans spend nearly $2 trillion annually on goods and services that are the result of impulse buying behavior.

This bears testimony to the fact that people have bought more stuff than they actually need. This has predominantly happened due to the increase in social media interactivity, increased competition, social biases, societal norms, effective marketing, and branding campaigning.

To earn money, you need to get organized and ready for the job. This means finding a suitable trading platform and customers who are ready to buy used items. Getting the peak price for your belongings, from expensive real-estate properties to luxurious smartphones to household commodities, requires time, possibly a little money, efforts, and energy. On the flip side, online selling has become relatively easier than before, as we have high-tech e-commerce giants with us. They have a very large customer base that allows you to earn cash for your stuff by finding a suitable buyer.

Get Organized

Before displaying or advertising your things on web portals, you first need to organize yourself, sort your surplus goods, and examine what there is to be sold. This allows you to make better judgments about your unwanted items and make things more comprehensive for you. According to recent studies, Americans are now embracing this activity as it is ideal for generating extra money. 

Real Estate Property, Workout Gear/Equipment, Text Books: January

To earn more money, January is one of the best times to sell your expensive items such as real-estate properties, maintained cars, furniture, workout clothes, workout equipment, etc. This is the time when people feature their unwanted items the most. There are many prints, digital platforms, and online portals that offer unique interfaces for you to sell your stuff. Some of the interfaces are so interactive that it makes buying and selling a lot easier than you can ever imagine.

Jewelry, Furniture: February

There are many fair price shops where you can display your tangible commodities in order to sell them. People place bids and the one with the highest bid can claim the stuff. To earn cash, you need to be very careful about forgery and fakes. As far as jewelry is concerned, well the 14th of February is Valentines Day, and people spend a lot of money on buying jewelry.

Prom Dresses, Bicycles, Sporting Gear: April

April is probably most famous for spring cleaning when your unwanted or obsolete items are disposed of in exchange for cash. You can sell off your previous year’s prom dress, old bicycle, ski and snowboard gear, and other similar things in order to fill your pockets with some extra cash. You will most definitely get fairly high prices for such products in this month.

Kid’s Stuff—Clothing and Accessories: July

Undoubtedly, kids grow up very fast! They grow out of clothes and toys so quickly and, usually, they are in pretty good shape. Whatever extra clothes, toys, strollers, baby cots and other similar accessories you bought for your children can be willingly disposed of in exchange for fast cash. And, July seems to be the best month to do so.

Electronics, Crafts, Random Items: September

There are many online trading stores that offer quick clearance deals in bundled packages. However, you need to find the right platform for getting the best price for your electronics and crafts that you may be selling.  And, September ranks highest in sales for these types of items.

Conclusion

People all across the globe are finding alternative methods to fill their pocket with some extra cash. It is true that old and unwanted goods are a mere burden on your shoulders. So, exchanging them for cash seems to be a fair choice. To earn cash for your stuff, you need to be very smart and active. Moreover, smart decisions for earning a little extra cash are always considered healthy!  It will feel great to have these items out of your possession and will most certainly continue to be well used by someone else. 

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.