In this video I look at how much money I made from building a mobile app in 2020, and whether or not this can be a substantial source of passive income for me.
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Several months ago when I first launched my YouTube channel, I made several videos on the process of building and monetizing my first mobile app for Android. For this project I created a free app in the Google Play Store which I monetized using advertising from Google AdMob. I then basically left this app alone for 4 months to see how much income it would generate for me completely passively.
In this video I look at both how much money this app made me, where that money came from, and who is using my app. I then calculate my CPM to determine how well I am getting paid for ads versus other developers.
This was a long process to build the app to its current point, but there is still a huge amount of work I could do on the app. I am considering making some improvements to the app in the future (especially around how it is monetized), so let me know if you would be interested in watching!
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I am not a financial or investment advisor. Everything in this video is for entertainment purposes only. Links above include affiliate commission or referrals, and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.