How to Determine the Value of Your App?


 
An app’s value determines its success rate and how popular it is among users. There are different factors that play a prominent role in determining its overall value. Majorly, an app’s time in the market and its overall base have a pivotal role in deciding its value. Moreover, the mobile app development company in Australia that you choose for development has a crucial role in enhancing the value of the app. In the first place, they are responsible to build a reliable and high-performing app that can build value for your app.

For example, if an app accumulates $500 a month, its owner may want to sell it for the price of 6 months’ worth or $3,000. The overall amount of time during which your app has been published shows the value of Return on Investment. On the opposite of it, if the same app that earns $500 a month, maintains its place on the app store for more than 6 months then you may also sell it for 14-15 months' worth or $7,000.  

On the other hand, other owners with apps that are just, in the beginning, may not decide to monetize their apps right away. Hence, the value of the app is based on the worth of an individual user. The formula is total user or downloads / total revenue.

There are some other complex valuation algorithms too to take into account such as an app’s ratings, engagement and ranking. These all factors also play a crucial part in deciding the app’s value.

In the above-mentioned ways, your app’s value can be assessed.



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