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this would have been a very good way to earn money but the thing is 1 does not know how to create an app.Creating and publishing your mobile app on app marketplaces like App Store and Play Store can be a great way to build passive income. If your app gets a lot of downloads and installs and if the app gets regular users, you can easily earn from ads. You can also sell services and products to earn additional income from your app.
That's why I have been trying to learn mobile development so as to build apps because it will cost a lot hiring someone to build for me and then it won't be the case if I build the app myself.Yes! It is one of the best ways of passive income. If you are not a developer, it will cost you some substantial amount of money to develop an application. There are some applications that is very expensive to develop like forex trading apps, crypto trading apps etc.
What do you mean? If you manage to build an app that a lot of people use on a daily basis, a single mobile app can bring you a lot of money on a daily basisThis is one area I don't make money but it's a fact that you can generate money through mobile app. But one shouldn't rely on this though it is a simple way of making money