barrynolan
Joined 14 years ago
Joined 14 years ago
Newsstand allows a free trial period. Typically it's a month.
If you like the publication enough after your trial, you can pay a monthly or annual fee. From my experience, approximately 2% of users convert to paid plans.
Download Volumes. Free trial app : upfront paid apps - 250:1. The (automated) marketing challenge becomes converting new users into paying customers.
Most paid plans for magazines are circa $4.99/month. This resembles a SaaS fee to use your app and all its wonderful upgrades.
That said, where I checking out, my eye gravitates toward that big red 'Continue Checkout' button, not the fact that I'm signing up for $479.40 a year. A more blunt but upfront UX would hit them with interstitials.
One of the real challenges with Newsstand apps is the conversion of users (downloaded the app) to paying subscribers (monthly, annually). I've seen conversion rates as low as 1% (not including churn) for some very established publications.
So the challenge isn't just getting the eyeballs, its keeping and charging them to make a business. There are some techniques you can use that make an impact.
It all ads up...from $1,500 for TV sub, plus biz travel with hotel tonight, taxi's here and there, netflix, spotify. You are dead right on games, and that the IAP economy is hidden. Same too, the credit card economy/transactions through apps is hidden. There's a lot of money behind free apps, and everything is ad related.