3 Strategies For Monetizing Your Next IoT Application

 

The Internet of Things, or IoT, is growing relentlessly. More and more companies are putting their money into IoT application development. But successfully building an IoT application is only half the battle. The other half of the battle begins when you start to think about turning your IoT application into a cash cow. As a business with an IoT application, you would definitely want to know these strategies for success. Enter this guide. Here, we will give you three proven strategies that will help you monetize your IoT application.  

  

Get A Subscription-Based Revenue Model 

  

Use a subscription-based model; this is one of the best ways of monetizing your IoT application. When you embrace a subscription-based revenue model for your IoT application, you start charging your users a recurring fee for using this app’s functionality and features. It’s that simple. If your IoT application offers ongoing value to users, then you must adopt this revenue model. Not just that, but when your business follows this model, you will get real-time insights and data about your users and their preferences. You can also use that data in several ways to earn money. (We will talk more about this later.) However, if you want to implement this revenue strategy for your IoT application, you will need to create a system for managing your user subscriptions. This system will include payment processing, user authentication, and subscription management.     

  

In-App Purchases Matter 

  

In-app purchases are one of the proven ways of monetizing your IoT application. This method involves offering users different functionality and features of the product only when they purchase within the app. For instance, a fitness IoT application brings premium coaching services or provides users with custom workout plans. The only catch is that the users will access these features at an additional fee. You can implement this particular feature with the help of an IoT application development company. Just ask the company to build a robust and secure system for managing in-app purchases within your IoT app. 

  

Data Monetization Is Integral  

  

When you start monetizing the data generated by your IoT application, you actually make your product a revenue-generating machine. How can you leverage data monetization, anyway? Well, you have to gather and evaluate data that come from users. And you will doubtlessly make a lot of money if you sell these data to third-party companies. Here is a case in point: You have a home automation application built on an IoT framework; this application can collect data on a user’s energy usage patterns. Now, just imagine how valuable this data would be for energy providers and even utility companies. If you want to deploy this revenue-earning strategy, you will have to seek the help of an IoT application development company. Such a company can bring its wealth of experience and deep expertise to help your business set up a robust system to analyze user data and then sell them to third-party companies. 

  

In The End 

  

Monetizing an IoT application is integral to business success. When you offer in-app purchases, embrace data monetization, or use a subscription-based revenue model, you can improve the returns on your IoT application. However, to make these monetization strategies a success, you will have to make sure you tie up with a trusted IoT application development company. Here is where we come in. At Flexsin, we have deep expertise in IoT application development and creating ROI–driven IoT app monetization strategies. Connect with our IoT app developers to get started.  

5 Reasons .NET Application Development Is Writing The Future Of Enterprise Software Solutions

 We are a reliable .NET application development company with years of experience in delivering digital products built using this web development framework. That is why we understand the significance of developing and delivering quality enterprise software solutions that meet the special needs of businesses. In recent times, enterprise software development has become too popular. And .NET has remained one of the most common web development frameworks for creating these applications. But why is enterprise software commonly built on the .NET platform? In this piece, we will give you five reasons that explain why .NET application development is the future for developing impressive enterprise software solutions. 

  

Unbeatable Cross-Platform Compatibility 

  

Here is the biggest benefit of building a .NET application - it will be compliable with different platforms. If your business creates its enterprise software using the .NET platform, you will be able to run that application on different operating systems: macOS, Windows, and Linux. When your enterprise application is platform-agnostic, you will make it highly flexible. And remember that a flexible application can help your business reach its target audiences easily, improve workforce productivity, and deliver customer engagement.  

  

Matchless Scalability 

  

Your next enterprise software needs to be scalable enough to cater to the requirements of your growing user base. But how can your business develop robust and scalable software? Here is where .NET application development steps in. This web development framework is ideal for building a scalable application that can cater to the demands of an expanding business. Best of all, having a scalable enterprise application means it will cater to not just today’s requirements but even accommodate future growth. 

  

High Security 

  

Security is a business’s top priority. And it should always be a priority, considering the ever-growing attack surface. No doubt, your business would want its next enterprise software solution to be completely secure. And none other than the .NET development framework can help you build a strong business application. This web development framework comes with a host of security features that help a business design a robust application. These security features include encryption, authentication, and authorization. When your business is armed with such a secure application, it will protect its sensitive data and prevent security breaches.  

  

Seamless Integration 

  

Your business may already be working with different solutions - ERP modules, CRM systems, databases, etc. And you will undoubtedly want your next enterprise software to integrate with your existing business solutions seamlessly. So, when you create your next enterprise software using the .NET framework, you will integrate it with different technologies. And this integration will be blazingly faster than ever if you work with other Microsoft technologies: SharePoint, SQL Server, and Azure, for instance.     

  

Rapid Development 

  

Last but not least, .NET application development enables rapid development of any enterprise application. But how can your next enterprise software solution get developed so fast with this particular web development framework? It is because this framework includes prebuilt components and modules that can accelerate the enterprise software’s time-to-market. That way, this web development framework can even minimize the development time and cost.  

  

In The End 

  

Now, you know exactly how enterprise software development’s future is ready to be written on the .NET framework. Connect with our team of .NET developers if you need any help with developing your next enterprise software. As a Microsoft Gold Partner, we build scalable and innovative enterprise solutions using the Microsoft tech stack. Hire .NET developers from us and get started with building your next game-changing enterprise software solution.   

ASP.NET Development Company: How Can It Help Your Business?

 

Technology is evolving rapidly. Businesses are leveraging new-age technology and are finding fresh ways of improving their online presence. Building web applications is definitely one of the proven pathways for a business to create and solidify its brand presence on the internet. But which web framework is ideal for web app development? Enter ASP.NET web framework. Some businesses have expertise in using this web framework, so they prefer building their applications in-house. But some businesses may still not know too much about this web framework. Here is where we, at Flexsin, step in. As a trusted technology partner, we bring you this explainer. Here, we share with you five benefits of hiring an ASP.NET development company like us. 

  

FIRST 

  

Top ASP.NET development companies have strong teams of developers. These skilled developers have years of experience and in-depth expertise in building credible and scalable web applications. Moreover, these developers bring deep expertise to any ASP.NET development project. This expertise, in turn, helps finish projects effectively and efficiently. For example, we have ASP.NET developers ready to be hired and work on your project. They are ready to use their development prowess to put your project from paper to the real world.  

  

SECOND 

  

When you do ASP.NET development outsourcing, you decide to save money and time. How? Well, when you outsource your development project, you get away from the headache of hiring .NET developers and training them in-house. As an ASP.NET development company, we have handled so many outsourced .NET projects. And because we have vast experience, we have almost always helped businesses get scalable web apps. 

  

THIRD 

  

Hiring an ASP.NET development company has the advantage of letting you access cutting-edge technologies and tools. Such a company is on the front line of adopting the latest trends and can make sure your web app is built using the most advanced tools and tech available on the market. So, if you are concerned about accessing the latest tech for building your web app, then you simply cannot go wrong with a trusted ASP.NET development partner. 

  

FOURTH 

Whenever you outsource your ASP.NET development work to a technology partner, you can focus on scaling your business. How? It is simple. You hire an expert for your ASP.NET work, which means you do not have to spend time building your web application. That also means you are likely to have free time, which you can devote to strategizing and growing your business. As an ASP.NET consulting company, we have helped free up the top resources of our customers so that they can focus on other important tasks. 

  

FIFTH 

When you associate with an ASP.NET development company, you do not have to worry about maintaining or supporting your web applications. This way, you can make sure your web application can remain updated, functional, and fully secure over time. We have supported and maintained web applications for many customers and ensured that their assets worked as intended for a long period. 

  

Summary 

  

Hiring an ASP.NET development partner can help your business unlock many benefits, including accessing the latest tools and tech, getting skilled developers, and cost savings. So, if you are looking to build your scalable and secure web application, you should hire a trusted ASP.NET development company like ours. Connect with our expert programmers today to discuss your project and get started.