The increase in the number of smartphone users and availability of the internet has pushed fantasy sports beyond horizons. It has become a fun activity to be played during leisure time with friends and family. It quickly turned the heads of netizens and major brands like Yahoo, CNN, ESPN, etc. People prefer fantasy sports apps because of its simplicity. Anyone can play the game and make some money effortlessly.
In fantasy cricket apps, the fans should choose a real player from the roster. After assembling the team, the user can assign roles like captain, vice captain. They can also make changes in the player’s positions and nature. The results of the will be determined by the statistics of the game in the real world. Parallels will be drawn from the matches and the winner will be decided. The app’s in-built tools will take care of determining the winner and the results will be unbiased.
People will join the respective fantasy teams via reputed sites or apps. On the other hand, some people choose to join leagues created by their friends or acquaintances. Some people will prefer public leagues to compete against strangers in the application.
Statistics of the fantasy sports cricket application:
It is estimated that there are more than 7 million people connected to the fantasy cricket industry in some way. These figures also contain non-cricket lovers. They play for fun and to earn money. The estimated number of players seems to rise every year, so this is the right time to develop your application. Look for a professional fantasy cricket software development company to learn more about the development process.
Monetization strategies in the fantasy cricket app market:
Advertisement is one of the most popular ways to make money. You can offer exclusive space in the app’s layout for advertising and can charge appropriately. It is a reliable and promising source of revenue. Participation fees should be collected from the users. The participation fee will vary depending on the scale of the competition. You can take a portion of this fee for offering cash prizes or gifts. You can increase the numeric value of the participation fee based on the cash prize.
As you have decided to start your business in this niche, get in touch with a professional fantasy cricket app development company. The importance of your business should be to offer more value for the customer’s money. In that case, you have to make sure that your app stands apart from others in the market.
The five years between Rocket League's launch and today have flown by like they only picked up a corner boost. to mention we at Psyonix are thankful for the community's continued support is an irony . we all know Rocket League wouldn't be where it's today without your unparalleled passion for Soccar, and what you've accomplished in-game is just unbelievable.
In the past five years, Rocket League has gone from two launch platforms to four, and available cars jumped from 10 to over 70. Nearly a dozen new modes have made it into the sport , pushing the entire number of games played to five billion! Rocket Pass is in its sixth iteration. The Rocket League Championship Series (RLCS) is approaching its tenth season. Not only that, but the sport has seen 14 Competitive Seasons with Rewards, the addition of Item and Esports Shops, cross-platform play, then more additional features. to place it in Quick Chat language: Wow!
How to Buy RL Items from MMOBC
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COVID-19 has hit every business in a unique way, meaning that we’re all having to look at rebuilding our company culture. For many, the lack of work has meant that they have had to let go of staff or place them on furlough so as to cut costs and for others they have been running the business on a remote basis.
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Are you looking for a way into the highly profitable online casino gaming industry? According to many industry experts, there is no better way for budding entrepreneurs to make their mark than by choosing bingo game development.
If you’re not familiar with Bingo, here’s a quick rundown of the way to play it. Bingo is a gambling game in which each player compares numbers written in different arrangements on cards with the numbers the host selects and calls out randomly, labeling the chosen numbers with tiles. If the player notices the chosen numbers are placed on their card in a sequence, they yell "Bingo!" to warn all players of the winning card, which causes the host to inspect the card.When the host verifies the winning arrangement, the game comes to a close.
Bingo is one of the most popular games that is enjoyed by players around the world. Not only is it regarded as a casino game, but it can also be enjoyed recreationally at home. In fact, Bingo is one of the most popular games in old age homes around the world enjoyed by millions of senior citizens!
As both a casino game and a family friendly offering, Bingo has a lot of fans that love to play it, thus making a great launching pad for a good Bingo app.
INORU’s Bingo game development provides you with all the tools you need to get into the market in the quickest and most effective way possible. Built to be scalable, this highly customizable solution is all you need to make a mark in the industry right now. With the COVID-19 pandemic still raging around the world, people are looking for fun ways to occupy their quarantine times.
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Outsourcing is, no doubt, a valuable method of getting projects done at minimal cost and with high-quality standards. But more than that, it gives you access to strategic and innovative minds. Let's understand how it adds value to your vision and how you can find the best outsourcing company.
How Outsourcing Adds Value To The Project
Cost - By outsourcing your project, you get access to a specialized team of app developers who are well-equipped with the technology and infrastructure required for your project. They specialize in providing end-to-end solutions like creating a framework, product development, business analysis, UI/UX design, Quality assurance, testing, launching, product documentation, and much more.
Time - Outsourcing your project gives you the required time to focus on other things as it requires minimal participation from your end.
Transparency- Web and mobile app development companies are professionally managed and have a defined communication flow. They ensure complete transparency by sending accurate reports about the progress of the project.
Security - While finalizing an app development company, you sign multiple agreements and an NDA, making the outsourcing team bound by contracts and penalties, ensuring delivery of the project on time. It provides you the peace of mind and security of money parked at the right place.
How To Find The Best Outsourcing Company
Portfolio - Check on the company's ranking on professional communities like Github, Gitlab, BitBucket, SourceForge. Higher the ranking indicates the mobile app development company openness to explore and work on new concepts, ideas, and quality of code.
Industry Experience - Evaluate thoroughly the domain experience and expertise of the app development company concerning your project requirements. They should be capable of handling any immediate changes or challenges related to the project requirement.
Resources - Check the company's resources and infrastructure, and if it's good enough to handle the challenges of the project. Find out if they are using the latest technologies, tools & frameworks, or outdated ones?
Deadlines - Prepare your Q&A in advance and adhere to that while deciding over the timeframe. If you don't discuss all the requirements in advance and finalize the timeline, the results will be low-quality.
Transparency - Ask for access to tools mobile app development companies use for clarity like JIRA or Trello being used to manage project velocity, SLACK, Confluence.
Confidentiality Clause - Pay attention to the outsourcing development company NDA and confidentiality policies to avoid any future discrepancies.
Cost structure - How many features you want your app to have and how they will lead to maximum user satisfaction is critical, which you need to discuss with the app development company. It helps figure out the best cost.
However, there are many more critical considerations like what you should prepare internally before planning to outsource? How to figure out the right cost structure? What challenges may you face while outsourcing? Get complete insight by clicking on the blog link How to find long term Technology Partner for App Development?
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Many startups aim to develop a web and mobile app with intriguing features. How many times they utilize the data available in the market and in the app to create a monetization strategy that helps them carve a niche. As an experienced app development company, we help understand how to draft the right monetization strategy and what are the key considerations.
How to decide on a pricing model?
Learn about your target audience - Identifying the target audience helps in creating an effective app monetization plan. You can study the audience in terms of their characteristics, age group, preferences, financial status, and much more. These individuals are the potential users who are most likely to make a purchase.
Analyze your competitors - List down all the USPs of the competition product, what is their TG, which market are they focusing upon, how are they monetizing, what are they doing right, and where does the scope lie for you. Be clear about audience expectations in terms of the willingness to pay for accessing features of an application.
Know your product - Mark the most engaging and likable feature on the app where the users are spending most of their time. Be clear on whether the app should be free to download or have a subscription value. If free, which feature to be monetized, which feature will make the users addicted to the app so that they subscribe for premium packages.
List what all the user is getting from the app in terms of experience and value?
Decide upon which feature is providing maximum user engagement and retention?
Rank the elements in terms of priority to create a pricing model
Study the market and competition for a clear understanding of what the customer is willing to pay.
App monetization model
Freemium - Very rarely a user is willing to pay for downloading an app; that's why many apps nowadays are free to download but have limited features and functionalities. Revenue gets generated by in-app purchase opportunities created in the app. Users pay to access premium functionalities of the app like Tinder offers its audience for premium experience packages like Tinder gold and Tinder plus.
Another way to generate revenue is by offering all the functionalities but only for a limited period. Users get familiar with the app and are later willing to pay for continuous usage.
Apps also monetize by playing on unhindered user- experience, by paying small charges, users can get an ad-free experience.
Ad-based monetization - This model gets adopted by maximum mobile and web app development companies. Adv in various formats get published like banners, pop-ups, podcasts, native articles, videos. Banners ad have high visibility but tend to hamper user experiences. Native articles integrate seamlessly with the content available on the app and do not hinder user experience. Digital marketing agencies provide a lot of valuable insights over ad performance, like CTR and CPM, to help you use a strategy-based model and get better ROI.
The app industry has an ever-increasing demand but is highly competitive. To survive and be profitable, choosing the right pricing strategy for your web and mobile app development is essential. You may refer to the article for deep insights and understanding the process step by step. How to Monetize the app and decide on pricing strategy?
Money management apps are a necessity due to the multiple benefits it holds. It not just keeps track of your income and savings but ensures users reach their financial goals by detailed analysis of their income and spending patterns, reports about investments, and how to plan better.
1. Safety and security - Gaining the trust of people that their financial information is safe is of primary importance. It can be implemented by two-factor authentication - username and password or PIN code and password. Blockchain Security ensures the secure sharing of data across platforms maintaining complete security of the user's financial data.
2. Simplified UX design - A simple screen with all valuable information like current financial status, investments, and upcoming bills displayed to users will help save a lot of time and energy. Without any compromise on the quality of UX, a simplified user experience is important.
3. Artificial Intelligence - A lot of fintech apps nowadays use AI for most commonly being used in the form of chatbots to improve interactions with customers, It also helps advise customers in case of negative spending patterns.
4. Customer support - In case of financial matters users expectation is quick response and solutions. 24/7 customer support should be ready to respond to any task at any time.
5. Mobility - When it comes to tracking and managing financial being mobile is of key importance. Your app should be compatible with all devices like iOS, Android, and window devices. This will enhance user confidence in the application.
Our Tech Stacks
Android - Kotlin, RxAndroid, Recommended Android Architecture
iOS - Swift, RxSwift, MVVM
Backend - Rails
Design pattern - MVP, MVVM
Networking - RetroFit
1. Freemium Model- Many financial apps offer free trials to get consumers on board and later on, charge a monthly fee for continuous usage. Apps like Spendee offer limited features in its free version and charge a fee for the use of premium features.
2. Adv Based Revenues-Lot of budgeting apps earns by displaying ads in the form of banner ads, podcasts, videos, native content. Native content which is a form of paid content like tips for best mutual fund investment integrates seamlessly in the app format without hampering user experience.
3. Product Referrals- Credit score apps like Credit Karma display very targeted products as per your financial history or policy bazaar displaying best insurance plans as per the user's investment pattern. However, the app does not share your data but uses it to show relevant products that may appeal to you. The app earns a commission if you opt for the product.
For the detailed understanding of the app development framework, implementation of key features, development cost read: Key Considerations While Developing A Personal Finance App
In 2018, approx users for online dating apps were 33.9 million which is projected to reach 37.5 million by 2023. So, when planning to launch your own Tinder-like dating app, here are the key features to be considered.
The swipe - This is Tinder’s USP making it very easy for the users to accept or reject a match just by a swipe.
In-app chatting - Once the user finds the match, they can immediately start a private conversation by chatting. Users can even send and view messages.
Facebook/Google log in - the app automatically fetches data from social media accounts of users making the interface easy and interesting.
Geo-Tagging - The app provides contact or matches preferences as per the user's locations making them reach out to nearby potential matches.
Advanced search filters - The app enables you to adjust the search as per age, location, gender.
Real-time alerts - The app notifies its users whether there is a potential match or a new message.
Freemium - On popular dating apps, a user spends approx 90 minutes in a day, making them addicted to paying for premium services like tinder offers its users in “Tinder Plus” version option of unlimited swipes, find a match at any location - passport, more than one super like per day, one boost every month, and much more.
Sponsored profiles - Many companies have started partnering with dating apps like Tinder to show sponsored content as profiles. This means whenever a user swipes right a sponsored profile will be visible which will send an automated message about the service or product.
Boost - Boost makes the user profile the top profile in the area for 30 minutes which increases the chances of finding the match.
Offline monetization - App companies are nowadays hosting events for its users giving them a platform to meet without fixing any date and enhancing chances of better connections.
In-app purchases - Give users a chance to make in-app purchases may be for special days like valentine dates, birthdays, etc.
Cost Of Development
App development platform (iOS or Android)
App designing and testing
App developer cost
Support system and maintenance
Our Tech Stack
Android - Kotlin, RxAndroid, Recommended Android Architecture
iOS - Swift, RxSwift, MVVM
Backend - Rails
Design pattern - MVP, MVVM
Networking - RetroFit
To understand the complete framework, how to implement key features, and case studies of successful dating apps you can read here Things To Consider While Creating A Dating App That Meets User Expectations