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• Like in-game money or power-ups, consumable items are re-buyable and run out after just one use. Non-consumable products are ones that you buy once and use forever to get access to new features or content. In return for a regular payment, subscribers get access to premium features or content for a predetermined amount of time. Developers must comprehend these various in-app purchase kinds and know how to incorporate them into their apps if they want to successfully monetize their creations. Types of advertisements. 25-08-06
• Freemium apps, in which the initial download and basic usage are free but specific features or content need to be paid for, frequently use in-app purchases. With the help of this tactic, developers can draw in a sizable user base & monetize a portion of that user base via in-app purchases. One-time purchases, consumable items, non-consumable items, and subscriptions are some of the ways that in-app purchases can be implemented. One-time purchases unlock special features or content, like getting to the next level or getting rid of ads, for all time. 25-08-06
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• A system of soft currency & hard currency, in which the former is obtained through gameplay & the latter is acquired through real money purchases, can also be implemented using virtual currency. Users can now enjoy the advantages of premium content without having to pay actual money thanks to this. Apps that give users ongoing services or value are often monetized by charging for premium subscriptions. With subscriptions, users can access premium features, content, and services within the app by paying a regular fee. This model is frequently applied to apps that provide cloud storage, fitness tracking, streaming content, or other subscription-based services. 25-08-06
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