Developing a mobile app does not immediately mean financial success. To generate revenue, you need the right strategy and a well-thought-out business model. An idea itself is not enough to monetize an app. It is equally important to take consistent actions that will encourage app users to spend. Who wouldn't want to effectively reach the audience and earn at the same time. In this article, we will take a look at the known ways of monetizing mobile apps and discuss their impact on financial revenue.