5 places your app can lose money.
Search inside any video
SavedThat transcribes your saved videos and lets you search across all of them instantly. Save this video and find any moment.
TL;DR
Learn five critical ways your app could be losing money and simple fixes to improve your revenue. Each solution can be implemented quickly and effectively.
Chapters
- 0:00Introduction to app revenue loss01
- 0:10Apple's small business program02
- 0:20Billing grace period for declined cards03
- 0:30Showing paywall during onboarding04
- 0:40Retention strategies for cancellations05
- 0:50Optimizing trial durations06
Transcript
There are five places your app can lose money and I bet you're doing at least three of them. Each fix takes 10 minutes and the last one is the most important. 1. Apply to Apple's small business program so they only take 15% of your revenue instead of 30. If you make under a million dollars a year, you are eligible. 2. When someone's card declines, Apple cancels their app subscription immediately.
2. When someone's card declines, Apple cancels their app subscription immediately. Turn on billing grace period so Apple retries their card for up to 28 days. 3. Waiting to show your paywall until after they finish using your app. Show it right at the beginning during onboarding with a free trial and you can get almost two times more paying users.
can get almost two times more paying users. 4. When someone cancels your app, Apple shows them an Are You Sure page. This new screen allows you to put a deal on it, resulting in almost four times more people staying. 5. 25 out of 100 people pay for three-day trials. If you make it two weeks, that number gets bumped up to almost 42.
If you make it two weeks, that number gets bumped up to almost 42. Save this checklist for when you're setting up your app and follow for more app advice.
Save this checklist for when you're setting up your app and follow for more app advice.
Are you the creator or rights holder of this video? Request removal of this transcript.
Related Transcripts
This can literally change your life
Daniel Margusov
Like and follow if you enjoy the content
Ayo O | App Developer
This Insanely Simple App Makes $50K/Month
Starter Story
We Studied 2,995 Paywalls. Here’s What Actually Converts.
Mobbin
1) No restore purchases button 2) No terms of service in app description 3)…
Aaryan Gusain
He Spent $1M on A/B Tests. Here's What Won.
Mobbin
Never lose a moment again
Save videos from YouTube, Instagram, and TikTok. Search everything that was said, and jump to the second.
Start Saving Videos - It's Free