Grow Monetize Optimize
13 Compelling features of the best app monetization platform
Updated on January 12, 2023
People’s craze for mobile phones continues to grow at a fast pace. According to a recent Statista survey, a person spends 3-4 hours daily on their smartphone. High engagement powers more app development and hence monetization. For app businesses, choosing the best app monetization platform is challenging. But it becomes easy when you know what features to look for. Let’s discuss some must-have features of app monetization platforms.
What is an app monetization solution
An app monetization platform is a programmatic advertising tool that enables app developers to earn money by running high-quality ads on their app ecosystem. It helps them aggregate premium demands, top-performing ad formats, and advanced ad mediation technology.
Publishers first need access to a Google AdX account, either directly through Google Ad Manager (GAM) or by partnering with a trusted Google AdX partner. The former option of getting an AdX account is complicated since you have to manage everything by yourself. The latter allows app publishers to focus on other crucial aspects of app development while their AdX partner takes care of everything.
How does it work
Simply put, the app monetization platform is integrated with AI-enabled features to automate ad monetization processes such as header bidding, ad mediation, and ad serving. With the best ad monetization tool, app publishers get high eCPM, 100%fill rate, policy-compliant ad units, and optimized ad revenue. The following are the main functions of an ad mediation platform:
Provide requested ads to the ad slots
Ad monetization platforms receive ad requests from the server and send these to the ad networks for ad distribution. The ad network then matches the requests with the demand from supply sources and provides ads to the ad slots. All these processes happen in a fraction of the time.
Supports direct, inhouse, and publishers ads
Using the best app monetization platform, publishers can fill their ad slots with a range of ads, including ads from direct advertisers, in-house ads (from the platform’s advertisers' network), and ads that come directly from bidders. This way, it ensures 100% fill rates.
Provide policy-compliant ads units your app
Running Google ads policy-compliant ad units is important to avoid issues like ad limitations, restrictions, and policy violations in GAM AdX. Knowing this, app monetization platforms ensure 100% policy-compliant ad units. Further, the platform resolves existing violations and maintains compliance for the future.
Determines the best space to position your ad
With an ad monetization tool, publishers identify the best-performing place for your ad on an app. While there are tons of tools available to determine the best ad positioning space, publishers should make decisions based on ad performance analytics, data, and layout suggestions from AdOps experts.
Track ads performance for a detailed report
App monetization platforms offer an integrated real-time dashboard to show insights on ad performance. It helps publishers stay updated with what’s happening on their apps and the revenue status. Note that the dashboard should show past, current and predictive metrics for greater transparency.
13 features of the best app monetization platform
Free access for everyone
Offering a free version along with paid version is an attractive feature of an ad monetization solution. Such platforms allow users to get started and onboarded for free while they need to agree with the revenue-sharing model introduced by the platform.
User onboarding on an app monetization platform must be smooth and uninterrupted as it strengthens the customers’ relationship with the platform, encourages them to remain loyal in the long run, and contributes to higher App LTV. Some companies keep a dedicated team to handle onboarding and support for new users.
Demand for app monetization solutions with multi-ecosystem support is higher than individual app, website, or game monetization platforms. Users feel more comfortable accessing different tools on a unified platform rather than juggling with multiple logins and dashboards.
App monetization platforms support real-time bidding that facilitates automated buying and selling of digital ad inventory based on a per-impression basis. RTB takes place on an open ad exchange or supply-side platform. Similar to real-world auctions, many bidders bid on ad inventory, and the highest bid wins.
Ad monetization tools must offer access to premium demands through Google Ad Manager and GAM 360. Also, it should allow you to put your ad inventory before premium advertisers, demand-side platforms (DSPs), top ad networks, and direct advertisers, driving maximum revenue on each ad impression.
Policy compliance and violations fix
An app monetization platform with 100% Google Ad policy compliance keeps you from juggling challenges like ad serving limits, restrictions, and unfilled inventory. Most platforms even offer a dedicated QA support team to identify existing violations in your app and ensure future compliance.
Efficient ad mediation
Although app monetization solutions are independent tools, the ad mediation feature in a platform acts as a mediator between app publishers and ad networks. With effective ad mediation, publishers can interact simultaneously with multiple ad networks and choose the one that offers the highest bid. As a result, publishers get higher eCPM, fill rate, and increased ad revenue.
Fair revenue-sharing model
Fair revenue-sharing is one of the top attributes. Publishers typically need to share 20-30% of their ad revenue with their publishing partner. However, a good ad monetization platform is always open to negotiations based on the publishers' revenue concerns.
No Ad serving limits
App monetization platform with zero ad serving limit is rich in user experience and has more satisfied users. Although Ad serving limitation is necessary to ensure a safe and fraud-free ad ecosystem, the platform should not put ad limitations unjustly for any publishers who abide by the advertising and publishing policies.
Knowing that most publishers (from small to medium-sized publishers) struggle to leverage a 100% ad fill rate, backfilling allows app monetization solutions to fill ad impressions left unsold through ad servers. It usually adopts any of the following three methods in Google Ad Manager:
Ad Revenue Optimization and support
Ad revenue optimization is another essential feature that is highly demanded across publishers. Not every publisher has a full-fledged app that they can monetize. Hence, the best app monetization platform should offer effective revenue optimization through ad format suggestions, segmentation of highest-paying networks, and blazing-fast resolution to issues.
Multiple Ad Format support
In addition to standard ad formats like banner and video ads, the best app monetization tool supports a variety of highly viewable ad formats, including interstitial, pop-up, native ads, and in-stream/out-stream video ads. Multi-ad format support makes a monetization solution feasible for a larger group of publishers.
Granular insights & ad analytics
A real-time dashboard in the app monetization platform allows publishers to see what’s happening with their campaigns, how their ads perform, and where improvements are needed. Metrics on the dashboard should be decluttered and analytics-backed so publishers can trust the data for further strategy formulation.
GreedyGame AdX - A reliable monetization solution
GreedyGame AdX is an app monetization platform with access to GAM AdX and Google MCM. It offers a robust platform for app publishers. Following are the features integrated into GreedyGame AdX that set it apart from other monetization solutions:
- Higher Fill rate and eCPM
- Premium demand through GAM 360
- Policy-compliant ad units
- Google MCM approved monetization
- Resolution of policy violation in GAM AdX
- Real-time dashboard for analytics
- 24/7 account manager support
- Dedicated QA team
By choosing the best app monetization platform, you meet your app's precise monetization and growth needs. While there are many parameters to determine the reliability of a monetization platform, you should focus on the relevant features according to your business model.
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