Income-generating revenue streams to consider in tinder like app
Well, if you are determined to build a Tinder like app. The first thing you have to concentrate on is the business model. Choosing the right business model will help you to earn more profit from the app. A few of the well-known business models are mentioned below for your reference.
This model is widely used in most dating apps. The word Freemium is split as Free + Premium. This means that you can offer both free and premium for users.
You can make your app users avail themselves only the basic features for free users and advanced features for premium users. For example, you can let your free users know the profile visits count and allow premium users to know who has visited your profile.
Also, you can give trials for advanced features for free users and prompt them to go with the paid version once the free trial ends.
Paid subscription model
You can allow your users to pay for services on a monthly, quarterly, or yearly basis. Luxy, Chemistry, and Netflix use this paid subscription model for their business. Usually, long term subscriptions like yearly subscriptions are cheap.
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