App Monetization through best offerwall: An untold strategy to earn revenue

Monetizing an app through offerwalls is a popular strategy, especially for apps that rely on ad revenue and want to provide users with ways to earn rewards or access premium features. Here’s a comprehensive guide on how to implement the best offerwall in your app:

What is an Offerwall?

An offerwall is a monetization tool that displays a list of offers or tasks that users can complete in exchange for rewards, such as in-app currency, premium features, or other incentives. These offers can include tasks like surveys, app installs, or watching videos. The goal is to provide users with valuable opportunities to earn rewards while generating revenue for the app developer.

How Offerwalls Work

• Integration: You integrate an offerwall SDK (Software Development Kit) into your app. Several third-party offerwall providers, such as Notik, Tapjoy, AdMob, and IronSource, offer these SDKs.
• Display: The offerwall is presented to users within your app, typically through a dedicated section or screen.
• User Interaction: Users interact with the offers by completing tasks or engaging with content. Each completed action earns them rewards within the app.
• Tracking and Reporting: The offerwall provider tracks user activity and performance. They handle the delivery of rewards to users and provide you with detailed reports on the revenue generated from the offerwall.
• Revenue Sharing: You earn a portion of the revenue generated from the offers completed by your users. This revenue is usually shared between the offerwall provider and your app.

Steps to Implement an Offerwall

1. Choose an Offerwall Provider: Research and select an offerwall provider that aligns with your app’s goals and user base. Popular options include Notik, Tapjoy, AdMob, IronSource, and AdColony.
2. Sign Up and Integrate: Register with offerwall network provider. Follow their documentation to integrate their SDK into your app. This usually involves adding code snippets and configuring settings.
3. Configure and Customize: Customize the offerwall to match your app’s design and user experience. You can usually control the appearance, layout, and types of offers shown.
4. Test Thoroughly: Before launching, test the offerwall extensively to ensure it works correctly and provides a seamless experience for users.
5. Monitor Performance: After implementation, monitor the offerwall app performance through the provider’s dashboard. Track metrics like user engagement, revenue generated, and offer completion rates.
6. Optimize and Iterate: Based on performance data, make adjustments to improve user engagement and revenue. This could include tweaking the types of offers displayed or adjusting the reward structure.

Best offerwalls:

• Notik offerwall
• Tapjoy
• IronSource
• AdMob

Best Practices

1. User Experience: Ensure that the offerwall does not disrupt the user experience. It should be easy to access and use without being intrusive.
2. Offer Quality: Select high-quality offers that are relevant to your user base. Poorly targeted or low-quality offers can lead to user dissatisfaction.
3. Transparency: Be transparent about how users can earn rewards and what is required to complete offers. Clear instructions can improve user engagement and satisfaction.
4. Compliance: Ensure that the offers comply with legal and regulatory requirements, such as data protection laws and advertising standards.
5. Feedback: Gather feedback from users about their experience with the offerwall. Use this feedback to make improvements and address any issues.

Potential Challenges

• User Attrition: If the offers are not engaging or relevant, users might become frustrated and leave the app.
• Fraud Risk: There’s a risk of fraudulent activity with offerwalls. Choose reputable providers with robust fraud detection measures.
• Revenue Fluctuations: Revenue from offerwalls can vary based on factors like offer availability and user engagement. Be prepared for fluctuations in earnings.

Choosing the Right Offerwall

When selecting an offerwall provider, consider the following factors:

• User Base: Choose a provider with offers that match your users’ interests and demographics.
• Integration: Ensure the provider offers easy integration with your app’s existing infrastructure.
• Revenue Potential: Compare potential revenue and revenue-sharing models offered by different providers.
• Support and Reliability: Evaluate the support services and reliability of the provider to ensure smooth operation.

Using offerwalls effectively can be a powerful way to monetize your app while providing users with valuable opportunities to earn rewards. By selecting the right provider and optimizing the offerwall experience, you can enhance both user satisfaction and revenue generation.