Monetize Your Paid App

• 1). Set a price for your app. The average price of paid apps is $2.70 as of March 2011. Be wary of exceeding that cost if you are not a well-known developer.
  
  
• 2). Set up a developer account with the relevant app store or marketplace. This is where you give the information needed to receive payments. Developers for both the Apple App Store and the android market receive 70 percent of the revenue generated by their app.
  
  
• 3). Submit your application to the relevant app store or marketplace. The average wait time for approval is 4.78 days.
  
  
• 4). Increase your app's visibility and profile by creating a website to advertise it. Include screen shots and testimonials.
  
  

Monetize Your Free Android App

• 1). Set up an account with Admob at their website. (See the link in Resources.)
  
  
• 2). Click "Add App" and fill out the relevant information.
  
  
• 3). Download the Android SDK and App integration PDF and follow the instructions to add Admob's code to your app.
  
  
• 4). Submit your app to the Android Market.
  
  
• 5). Receive passive, ad-generated income as users download your free app.