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Inside the Apps: Earning 1 Crore+ Easily!

What's Their Secret? Apps Pulling in Serious Cash

Good morning,

Welcome to the Moneymint weekly newsletter! Get ready to discover fascinating ways people are making money each week. We might dive into unique case studies on how people are making money with their side hustles.

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Let's make some money moves together!

Inside the Money-Making Apps: 3 Case Studies

So, let’s talk about apps making money from ads or subscriptions in 2024:

1. Universal TV Remote Control

Universal TV Remote Control is a mobile app that lets you control your TV with your phone. It's a handy alternative when you can't find your regular TV remote.

How does the app make money?

  • Mostly by showing ads to people who use the app.

  • The app makers are careful not to show too many ads, so people don't get annoyed.

  • They use frequency capping method, ensuring that users are not overwhelmed by excessive ad content.

  • This way they make money, but people still like using the app.

Despite mixed reviews, the app has been downloaded over a million times. Even more surprising, it's a copy of another Universal TV Remote Control app that has 100 million downloads!

This demonstrates that even in a competitive market, you can still come up with your own thing and succeed.

Finance:

  • Annual Revenue - USD $186,564 – ₹1.54 crore

  • Annual Profit - USD $79,693 – ₹66 lakh

  • Monthly Revenue - USD $15,547 – ₹12 lakh

  • Monthly Profit - USD $6,641 – ₹5 lakh

  • Profit Margin - 43%

Monthly Revenue (INR):

Month

Revenue

Expenses

Profit

Oct-22

8 lakh

2.02 lakhs

6 lakhs

Nov-22

7.55 lakh

2.63 lakhs

4.92 lakhs

Dec-22

9.68 lakh

3.42 lakhs

6.25 lakhs

Jan-23

10.17 lakh

3.83 lakhs

6.33 lakhs

Feb-23

6.57 lakh

4.08 lakhs

2.47 lakhs

Mar-23

19.77 lakh

10.34 lakhs

9.43 lakhs

Apr-23

35.21 lakh

22.01 lakhs

13.11 lakhs

May-23

24.15 lakh

17.55 lakhs

6.59 lakhs

Jun-23

18.79 lakh

12.78 lakhs

6.01 lakhs

Jul-23

6.80 lakh

4.22 lakhs

3.15 lakhs

Aug-23

4.17 lakh

3.53 lakhs

64K

Sep-23

3.92 lakh

2.15 lakhs

1.77 lakhs

Expense:

  • Development: USD $150 /month

  • Marketing: USD $200 /month

If you're considering developing your own app, the universal TV remote control niche could be a lucrative choice. Many existing apps are earning well. Offer more features and a better user interface than the current apps, and you could build a very profitable app.

2. Learn English and Speak

There's an app that teaches English, but only for people who speak Russian. It has quizzes and its own special lessons, all designed in Java programming language. This very specific focus shows that even small, niche apps can make money.

Sadly, the app isn't doing as well lately. Lots of new English learning apps powered by AI have appeared. They have better features and nicer designs.

  • App Age: 4 years - 2020

  • Average Downloads: 8,000/month

  • 5 Star rating by only 7

The only thing to keep revenues is to pay for server. All other activities are required only to initiate growth or scale the app.

Finance

  • Annual Revenue - USD $12,030 - ₹10 LAKHS

  • Annual Profit - USD $11,205 - ₹9 LAKHS

  • Monthly Revenue - USD $1,002 AVG - ₹83,000

  • Monthly Profit - USD $933 AVG - ₹77,000

  • Profit Margin - 93%

Monthly Revenue (INR):

Month

Revenue

Expenses

Profit

Dec-19

94K

6225

88K

Jan-20

1.07 Lakhs

6225

1.01 Lakhs

Feb-20

1.03 Lakhs

6225

1 Lakhs

Mar-20

1.06 Lakhs

6225

1 Lakhs

Apr-20

1.09 Lakhs

6225

1.02 Lakhs

May-20

91K

6225

85K

Jun-20

74K

6225

68K

Jul-20

73K

6225

67K

Aug-20

61K

6225

58K

Sep-20

61K

6225

55K

Oct-20

59K

6225

53K

Nov-20

52K

0

$0

As the app isn’t doing well, which you can see from the above numbers but I still wanted to mention this app. It proves that even a tiny market can be successful. The key is to keep updating your app to stay ahead of trends. Otherwise, even a successful app can struggle, as we see in this case. Still, the creators of this app made a good amount of money while it was popular!

3. Video Downloader for Reddit

This app helps you download videos from Reddit and it's super popular! It's the #1 app on the Google Play Store when you search for "Reddit video downloader". The creators are awesome – they reply to every review. The only downside some users mention is a few bugs, but hey, what app is perfect? Most of their users are from the US, and the app practically runs itself, so they don't have many costs. They're definitely making a good profit!

  • App Age: 2 years

  • Star: 4.5

  • App Installs: 500K+

  • 100k+ monthly active users

  • Primary revenue source: Google AdMob

  • One-time in-app purchase for ad-free experience

Finance:

  • Annual Revenue: $16,495 – ₹13.69 lakhs

  • Annual Profit: $15351 – ₹12.74 lakhs

  • Monthly Profit: USD $1,279 /month - ₹1.06 Lakhs

  • Profit Margin: 93%

  • AdMob Revenue: $36,083 – ₹29.94 lakhs

  • In-App Purchase Revenue: $11,023 – ₹9.14 lakhs

Monthly Revenue (INR):

Month

Revenue

Expenses

Profit

Jan-23

236467

25066

181521

Feb-23

184758

25066

159692

Mar-23

168988

25066

143922

Apr-23

110556

4731

105825

May-23

106323

15023

91300

Jun-23

89972

0

89972

Jul-23

92960

0

84992

Aug-23

90968

0

90968

Sep-23

90304

0

90304

Oct-23

81008

0

81008

Nov-23

75281

0

75281

From the above data it is clear that their main target is to come on the top of search result. And with the above revenue numbers it is clear that they have reduce their expense to zero and still making a decent profit/revenue.

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Thank you for being a part of our community, and we look forward to bringing you more exciting content next week.