An Ultimate Guide on Cost to Create a Shopping App Like Costco

Last updated on June 28th, 2024

Building a shopping app similar to Costco can be an exciting and rewarding venture. However, like any other business, it requires a significant investment of time and money to get it off the ground. This process involves various stages, from initial concept and design to development, testing, and launch.

In the initial concept and design phase, you need to conduct market research to understand your target audience and their needs. This might involve surveys, focus groups, or analyzing competitors’ apps to identify features that appeal to users. The design phase also includes creating wireframes and mockups to visualize the app’s layout and user interface, ensuring it is user-friendly and visually appealing.

The development stage is where the actual coding of the app takes place. You will need to hire skilled developers who can build a robust and scalable app. This phase can be quite costly, depending on the complexity of the features you want to include, such as user accounts, payment gateways, product catalogs, and search functionalities.

Testing is a crucial step to ensure the app is free from bugs and performs well across different devices and operating systems. This involves both manual and automated testing, where testers will use the app to identify any issues that need fixing before the official launch.

Once the app is developed and tested, the next step is launching it on app stores like Google Play and the Apple App Store. This requires creating appealing descriptions, screenshots, and promotional videos to attract potential users. Marketing the app is essential to increase its visibility and downloads. This might involve online advertising, social media campaigns, influencer partnerships, and even traditional marketing methods like press releases.

Ongoing maintenance and updates are also crucial to keep the app running smoothly and to introduce new features that enhance the user experience. This involves regularly fixing any bugs that users report, updating the app to be compatible with the latest operating systems, and continually improving the app based on user feedback.

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A Brief History Of Costco!

Costco is a multinational corporation that operates a chain of membership-only warehouse clubs. The company was founded in 1976 as Price Club in San Diego, California, and later merged with Costco to form the now well-known brand. Originally targeting small businesses, Price Club and Costco quickly gained popularity among individuals as well due to their bulk buying options and discounted prices.

In 1993, Costco officially changed its name from Price Costo to Costco Wholesale Corporation and became a publicly traded company on the NASDAQ stock exchange. Today, Costco has over 800 warehouses globally and is known for selling high-quality products at affordable prices.

One of the key factors contributing to Costco’s success is its unique business model – offering memberships to customers who can then access exclusive discounts and deals. This not only creates a sense of exclusivity and loyalty among customers but also helps Costco maintain its low prices by keeping overhead costs low.

Apart from its business model, Costco is also known for its ethical practices and commitment to sustainability. The company has been recognized for its efforts in reducing waste, promoting green energy, and offering fair wages to employees. It also partners with local farmers and suppliers to provide fresh and locally sourced products to its members.

Is It Worth Investing In Costco App Development?

With its growing popularity and strong presence in the retail industry, investing in Costco app development can be a lucrative opportunity for businesses. The app provides a convenient way for members to access exclusive deals, track their membership benefits, and even place online orders for pick-up or delivery.

Moreover, with the increasing trend of online shopping and digital advancements, having an app can help Costco stay ahead of competitors and cater to the changing needs of customers. The app also allows for targeted marketing strategies and personalized offers based on customer preferences.

Additionally, with Costco’s commitment to sustainability and ethical practices, developing an eco-friendly and user-friendly app can attract environmentally-conscious consumers who align with the brand’s values.

Enhanced Customer Experience

An app not only provides convenience to customers but also enhances their overall experience with the brand. With features like easy navigation, personalized recommendations, and order tracking, users can have a seamless shopping experience.

Moreover, in today’s fast-paced world where time is of the essence, having an app allows for quick and efficient transactions without the need to physically visit a store.

Increased Sales and Membership Growth

An app can serve as a powerful tool to attract and retain customers, leading to increased sales and membership growth. By offering exclusive deals, personalized offers, and convenient shopping options, the app can incentivize customers to make more purchases and renew their memberships.

Moreover, with push notifications and targeted marketing strategies, the app can also attract potential new members and encourage them to join Costco.

Streamlined Communication and Marketing

An app allows for direct and streamlined communication between the brand and its customers. With features like in-app messaging, customer support, and feedback forms, Costco can efficiently address any concerns or issues raised by customers.

Furthermore, the app can also serve as a platform for targeted marketing efforts, allowing Costco to reach a wider audience and promote its products and services effectively.

Improved Inventory Management

With an app, Costco can have real-time visibility of its inventory and sales data. This allows for better inventory management, ensuring that products are always stocked and available for customers to purchase.

Additionally, by tracking customer buying patterns and preferences through the app, Costco can make informed decisions on which products to stock more or less of, leading to improved sales and reduced waste.

Also Read: Brief Guide on Grocery Delivery App Development

Costco Business Model: How Does It Generate Revenue?

Now that we have explored the benefits of an app for Costco, let’s take a closer look at its business model and how it generates revenue.

Costco operates on a membership-based model, with customers paying an annual fee to become members. This membership fee accounts for a significant portion of Costco’s revenue.

In addition to membership fees, Costco generates revenue through product sales. The company offers products at discounted prices due to its bulk purchasing and no-frills approach, allowing it to maintain low-profit margins while still generating significant sales volume.

1. Membership Fees

As previously mentioned, membership fees are a crucial source of revenue for Costco. The company offers two types of memberships – Gold Star and Executive – with varying benefits and fees.

These membership fees also contribute to customer loyalty as members feel they are receiving value for their money through the discounted prices offered at Costco.

2. Merchandise Sales Volume

Costco’s low-cost business model relies heavily on high sales volume to generate revenue. By offering products at discounted prices, the company encourages customers to purchase more, leading to increased sales and revenue.

Moreover, with its app providing real-time inventory and sales data, Costco can efficiently manage its stock levels and ensure that popular products are always available for customers to purchase, further driving merchandise sales volume.

3. eCommerce Offers

In recent years, Costco has also focused on expanding its e-commerce presence. With the increasing popularity of online shopping, the company has recognized the need to have a strong digital presence.

Through its app and website, customers can now purchase products online and have them delivered directly to their doorstep. This move not only caters to shifting consumer preferences but also generates additional revenue for Costco.

4. Home Programs

Aside from traditional merchandise sales, Costco also generates revenue through its home programs. These include services such as travel, auto, and insurance, which are offered to members at discounted prices.

With these programs, Costco not only diversifies its revenue streams but also provides convenience and added value for its members’ loyalty.

5. Auto Sales Program

In addition to its home programs, Costco also offers an auto sales program, in partnership with select car dealerships. Through this program, members can purchase a new or pre-owned vehicle at a discounted price.

This unique offering sets Costco apart from other retailers and further strengthens the company’s relationship with its loyal customers.

How Much Does It Cost to Develop a Shopping App Like Costco?

Developing a shopping app like Costco requires a significant investment, reflecting the complexity and features of a high-quality, user-friendly application. The estimated cost can vary widely depending on several factors such as the development team’s location, app features, design specifications, and the technology stack used. For a basic version of the app with standard features like product listings, search functionality, and user accounts, the cost could range from $50,000 to $100,000. However, for a more comprehensive app including advanced features such as real-time inventory management, customer reviews, personalized recommendations, and robust eCommerce capabilities, the cost could escalate to $150,000 to $300,000 or more. Additionally, ongoing maintenance, updates, and marketing efforts should be factored into the overall budget, adding an estimated $10,000 to $50,000 annually.

Steps to Estimate the Cost of Developing a Shopping App Like Costco

1. Define the App’s Scope and Features

The first step in estimating the cost of developing a shopping app like Costco is to clearly define the app’s scope and features. This includes listing all the functionalities you want the app to have, such as product listings, search functionality, user accounts, real-time inventory management, customer reviews, personalized recommendations, and robust eCommerce capabilities. The more detailed your feature list, the more accurate your cost estimate will be.

2. Choose the Development Platform

Next, decide whether you want to develop the app for iOS, Android, or both. Developing for both platforms will generally increase the cost but reach a wider audience. The choice of platform influences the technology stack, complexity, and consequently, the development cost.

3. Design the User Interface (UI) and User Experience (UX)

Investing in a professional UI/UX design is crucial for creating a user-friendly application. UI/UX design involves creating wireframes, prototypes, and final design mockups. Costs vary based on the complexity and detail of the design, but it’s an essential step that can significantly affect the overall budget.

4. Backend Development and Integration

The backend development includes setting up servers, databases, and APIs that power the app. This step involves integrating functionalities like user authentication, payment gateways, and third-party services. A robust and scalable backend is critical for handling large volumes of data and users, which can add to the development cost.

5. Frontend Development

Frontend development focuses on building the app’s user-facing components based on the UI/UX design. This step involves writing code to implement features like navigation, product displays, and interactive elements. The complexity of the frontend features will directly impact the overall cost.

6. Quality Assurance and Testing

After development, rigorous quality assurance and testing are essential to ensure the app functions smoothly and is free from bugs. This step includes manual and automated testing for performance, security, and usability. Quality assurance can be a significant cost component but is vital for delivering a high-quality app.

Factors Impacting the Cost to Develop An App Like Costco

Several factors can affect the cost of developing an app like Costco. These include:

1. Platform Compatibility

The choice of platform for your app, whether it’s iOS, Android, or both, will significantly impact the cost. Developing an app for iOS is generally more expensive due to Apple’s strict guidelines and requirements, which often necessitate more time and resources. Additionally, iOS development typically requires the use of specific tools and languages such as Swift, which might require specialized expertise. On the other hand, Android development, while generally less costly, presents its own set of challenges including device fragmentation and varying screen sizes, which can increase development time. However, if you plan to target a broad user base, developing for both platforms might increase the overall cost but can also bring in higher revenues by reaching a wider audience. This dual-platform approach ensures that you do not miss out on potential users from either ecosystem, potentially maximizing your app’s market penetration and profitability.

2. UX/UI Design

The user experience (UX) and user interface (UI) design are critical components of any app’s success. A well-designed, intuitive, and visually appealing app can significantly impact user engagement and retention, ultimately leading to improved business metrics such as conversion rates and revenue. Therefore, investing in top-notch UX/UI design is crucial but can also add to the development cost. To reduce costs without compromising on quality, you can consider outsourcing design services or utilizing pre-built templates and UI kits.

3. Features & Functionality

The features and functionality of your app play a significant role in its success. However, implementing complex or advanced features can significantly impact development costs, especially if they require extensive coding, testing, and support. Therefore, it is essential to carefully prioritize the features that are crucial for your app’s core functionality and user experience. Consider which features will most effectively solve user problems and which ones will provide the greatest value.

One effective strategy is to release an MVP (Minimum Viable Product) with only the essential features necessary for your app to function and meet the initial needs of your users. This approach allows you to test the market, gather user feedback, and make data-driven decisions about future updates and feature additions. By focusing on the core aspects first and iteratively improving your app based on real-world usage, you can manage development costs more efficiently and ensure that you are building a product that truly resonates with your audience.

4. Location of Development Team

Another crucial factor that can significantly impact development costs is the location of your development team. In many cases, hiring a local development team may be more expensive due to higher labor costs and overhead expenses. However, working with a remote or offshore team can offer cost-saving benefits while still ensuring quality work.

Outsourcing to countries with lower labor costs such as India, China, or Eastern Europe can save up to 60% on development costs compared to hiring locally in Western countries. Additionally, working with a remote team allows for greater flexibility in terms of time zones and access to a larger pool of talent. However, it is essential to thoroughly research potential outsourcing partners and ensure they have the necessary expertise and experience to deliver high-quality results.

5. Maintenance & Support

The cost of maintaining and supporting your app post-launch should also be considered when estimating development costs. This can include bug fixes, updates, server maintenance, customer support, and any other ongoing expenses related to keeping your app running smoothly.

To effectively manage these costs, it is crucial to plan for regular updates and allocate resources accordingly. This may involve setting aside a portion of your budget for ongoing maintenance or hiring a dedicated team to handle post-launch support. Additionally, investing in quality assurance processes during the development stage can help minimize future maintenance costs by catching any bugs or issues early on.

Best Shopping Apps Like Costco – Costco Alternatives

Now that we have discussed the various factors that can impact the cost of developing a shopping app, let’s take a look at some top-performing shopping apps in the market today. These apps not only offer similar features and functionalities to Costco but also excel in user experience and have gained significant popularity among consumers.

1. Amazon

Amazon is undoubtedly one of the leading shopping apps, with a massive user base and an extensive product catalog that spans virtually every category imaginable. The app offers a seamless shopping experience with features like one-click ordering, which allows customers to make purchases instantly, personalized recommendations based on browsing and purchasing history, and fast delivery options that ensure products arrive quickly. Additionally, Amazon Prime members benefit from exclusive perks such as free two-day shipping, access to streaming services, and special discounts, making the app an even more compelling choice for frequent shoppers.

2. SHEIN

SHEIN is a popular shopping app for fashion enthusiasts, offering trendy and affordable clothing options for men, women, and children. The app’s user-friendly interface allows customers to browse through thousands of products easily and filter their search based on size, color, or style. SHEIN also offers frequent sales and discounts, making it a go-to choice for those looking for budget-friendly fashion finds.

3. Walmart

Walmart’s shopping app has gained a loyal following due to its low prices and convenient services such as free grocery pickup and delivery. The app also offers features like Savings Catcher, which compares prices with other retailers and refunds the difference if Walmart’s price is higher. With a vast selection of products, including groceries, electronics, and household essentials, Walmart’s app has become a go-to for many budget-conscious shoppers.

4. Etsy

Etsy is a unique shopping app that connects customers with independent sellers offering handmade, vintage, and one-of-a-kind items. The app’s curated collections make it easy for customers to discover new products and support small businesses. With a focus on sustainability and ethical shopping practices, Etsy has become a popular choice among those looking for unique and socially responsible purchases.

5. Poshmark

Poshmark is a social marketplace where users can buy and sell secondhand clothing, accessories, and home goods. The app’s community-driven approach allows for a more personal and interactive shopping experience. Poshmark also offers authentication services for higher-end items, making it a trustworthy platform for designer finds at discounted prices.

Key Features To Develop A Shopping App Like Costco

User-friendly interface: A shopping app should be easy to navigate and visually appealing to encourage users to browse and make purchases.
Search functionality: The app should have a robust search feature that allows users to quickly find products based on keywords, categories, or filters.
Personalization options: Giving users the ability to save their preferences, create wish lists, and receive personalized recommendations can enhance their shopping experience.
Secure payment options: To gain customers’ trust, the app should offer secure payment methods such as credit/debit cards, PayPal, or Apple Pay.
Order tracking and notifications: The app should provide real-time updates on order status and send notifications for important information such as shipment delays or delivery confirmation.
Customer reviews and ratings: Including customer reviews and ratings can help users make informed purchasing decisions and build trust in the products being sold on the app.
Multiple language and currency support: To cater to a global market, the app needs to have support for different languages and currencies.
Integration with social media platforms: Integrating social media platforms like Instagram or Facebook can help businesses reach a wider audience and promote their products through user-generated content.
Loyalty program: A loyalty program can incentivize customers to continue shopping on the app by offering rewards or discounts for repeat purchases.
Support for small businesses: Similar to Etsy, supporting small businesses can be a key feature of a shopping app, allowing users to browse unique and socially responsible products from independent sellers.

How To Create A Shopping App Like Costco?

Creating a shopping app like Costco requires careful planning and consideration of the key features that make Costco successful. First, you need to conduct thorough market research to understand customer needs and preferences. Additionally, ensures a seamless user experience with an intuitive interface and easy navigation. Here are some steps to help you get started:

1. Validate Your Idea

Before diving into the development process, it’s vital to validate your idea and ensure there is a market for your app. Start by conducting thorough market research to identify potential competitors, target audience demographics, and current trends in the shopping app industry. This research will help you understand the landscape and the specific needs of your potential users. Additionally, consider creating surveys or focus groups to gather direct feedback from your target audience. This step can provide valuable insights into what features and functionalities are most desired, allowing you to tailor your app to better meet user expectations.

2. Make A Features List

Based on your research and feedback, create a comprehensive list of features that your app will offer. This step is crucial in ensuring you have a clear vision of what your app will do and how it will function. Some essential features to consider for a shopping app like Costco include:

User profile creation and management
Product listings with descriptions, images, and prices
Search functionality to easily find products
The shopping cart and checkout process
Multiple payment options including credit/debit cards, PayPal, etc.
Order tracking and delivery updates
Loyalty program or rewards system
Customer reviews and ratings for products

3. Create An UX/UI Design

Once you have a list of features, it’s time to start thinking about the design of your app. The user experience (UX) and user interface (UI) are critical components of a successful shopping app. Your goal should be to create an intuitive interface that is easy to navigate, visually appealing, and provides seamless interactions for users. Consider hiring a professional designer or using design tools like Figma or Adobe XD to bring your ideas to life.

4. Develop Your Costco-like App

With a clear list of features and a UX/UI design in place, it’s time to start developing your app. You can either hire an experienced mobile app development team or use app-building platforms like Appy Pie or BuildFire to create your app yourself. Whichever route you choose, make sure to thoroughly test your app for any bugs or glitches before launching it.

5. Test & Deploy Your App

Testing is a crucial step in the app development process. Make sure to test your app on different devices, operating systems, and network connections to ensure it works smoothly for all users. Once you’re confident in your app’s functionality, it’s time to launch it on the app stores (Apple App Store and Google Play Store). Ensure that you have a strong marketing strategy in place to promote your app and attract users.

Tech Stack Used To Develop A Shopping App Like Costco

Front-end development: Proficient in HTML, CSS, and JavaScript for creating responsive and dynamic web interfaces. Experienced in using frameworks like React and Angular to develop user-friendly and interactive applications.
Back-end development: Experienced with Node.js and Express.js for building scalable server-side applications. Capable of designing RESTful APIs and handling server-side logic to ensure efficient data processing.
Database management: Skilled in using MongoDB or MySQL for efficient data storage and retrieval. Knowledgeable in creating optimized database schemas and performing complex queries for robust data management.
Cloud hosting: Familiar with AWS or Google Cloud Platform for deploying and managing applications in the cloud. Proficient in using services like EC2, S3, and Cloud Functions to ensure high availability and scalability.
API integration: Expertise in integrating APIs for payment gateways and implementing shopping cart functionalities to enhance e-commerce platforms. Experienced in working with third-party APIs such as PayPal, Stripe, and various social media integrations to enrich user experiences.

How can iTechnolabs help you to build a Costco-like marketplace?

iTechnolabs is a leading software development company that specializes in building customized web and mobile applications. With our expertise and experience, we can help you develop a shopping app like Costco with all the necessary functionalities and features.

Our team of skilled mobile app developers will work closely with you to understand your requirements and tailor the app according to your business needs. We follow agile methodologies to ensure timely delivery and constant communication throughout the development process.

Custom development: We offer bespoke solutions meticulously tailored to meet the specific needs of your Costco-like marketplace, ensuring a unique and competitive edge in your industry.
User-friendly design: Our expert design team ensures an intuitive and engaging user interface, making the shopping experience smooth and enjoyable for all customers.
Scalable architecture: We build robust, scalable systems capable of handling high traffic loads, ensuring seamless performance even during peak times.
Secure transactions: By implementing industry-leading security measures, we protect customer data and ensure secure payment transactions, fostering trust and reliability.
API integration: Our team has extensive expertise in integrating various APIs such as payment gateways, shipping services, and social media, enhancing the functionality and versatility of your marketplace.
Continuous updates and maintenance: We provide regular updates, maintenance, and round-the-clock support to ensure the app’s consistent performance and address any emerging issues promptly.
Data analytics: Implementing advanced analytics tools to monitor user behavior, we provide insights to optimize the shopping experience and drive strategic decisions.
Mobile optimization: Ensuring the marketplace is fully optimized for mobile devices, we provide a seamless and responsive experience across all platforms, maximizing accessibility and convenience.
SEO and marketing: We assist in improving the app’s search engine ranking and offer comprehensive marketing strategies to attract, engage, and retain a loyal customer base, driving growth and success.

Important: How to Develop a Dark Grocery Delivery App Of Your Own?

Are you planning to build a shopping app like Costco?

Choosing iTechnolabs to build your Costco like online marketplace comes with a plethora of benefits that ensure the development of a robust, efficient, and user-friendly online platform. Our team’s focus on user-friendly design guarantees an intuitive interface that enhances customer satisfaction and encourages repeat shopping. With a scalable architecture, the marketplace can efficiently handle high volumes of traffic, ensuring that performance remains seamless even during peak shopping periods. Secure transactions are at the forefront of our development process, with industry-leading security measures that protect customer data and foster trust. iTechnolabs excels in API integration, enabling smooth connectivity with payment gateways, shipping services, and social media, which enriches the overall functionality of your marketplace.

Expertise in e-commerce: iTechnolabs has extensive experience in developing successful e-commerce platforms, ensuring your Costco marketplace will be crafted with best practices and innovative solutions.
Customizable solutions: We offer tailored solutions that meet your specific business needs, allowing for a unique marketplace that stands out in the crowded online retail environment.
User-centric design: Our focus on creating a user-friendly interface translates to an enjoyable shopping experience that keeps customers engaged and returning for more.
High performance and scalability: The marketplace is designed to handle high traffic volumes seamlessly, providing consistent performance during peak times and the ability to scale as the business grows.
Robust security: iTechnolabs prioritizes the security of transactions and customer data, implementing advanced security protocols to build trust with users.
Comprehensive analytics: With insights derived from sophisticated analytics tools, you’ll be able to make data-driven decisions that optimize the shopping experience and enhance business strategies.
Seamless API integration: Our expertise in API integration ensures your marketplace can easily connect with payment gateways, shipping services, and social media platforms, boosting overall functionality.
Mobile optimization: Ensuring the marketplace is fully responsive and accessible on all devices, we guarantee a seamless shopping experience for mobile users.
SEO and marketing support: iTechnolabs provides effective SEO and comprehensive marketing strategies to increase visibility, attract potential customers, and retain a loyal customer base.
Continuous support: We offer ongoing maintenance and support services to ensure your marketplace remains up-to-date, addressing any issues promptly to maintain optimal performance.

Conclusion:

Our marketplace platform offers a complete solution for businesses looking to establish a strong online presence and succeed in the competitive e-commerce market. With an emphasis on user experience, high performance, security, and continuous support, we strive to help businesses thrive and exceed customer expectations. With iTechnolabs as your partner, you can confidently build and grow your online marketplace with ease.

FAQs!

Q1. What Are the Features A Marketplace App Must Have?

A1. A marketplace app must have comprehensive analytics to track user behavior and sales trends, seamless API integration to connect with other software and services, mobile optimization to ensure a smooth experience on smartphones and tablets, SEO and marketing support to enhance visibility and attract more customers and continuous support to address any issues and updates promptly. These features collectively provide a user-friendly interface for customers and efficient management for businesses, ensuring a successful platform.

Q2. How Much Does It Cost To Develop a Shopping App Like Costco?

A2. The cost of developing a shopping app like Costco can vary depending on the complexity of features and functionality desired. Factors such as design, development, maintenance, and ongoing support all contribute to the overall cost. It is best to consult with a professional development team for an accurate estimate based on your specific needs and requirements.

Q3. What Are the Benefits Of Creating An App Like Costco?

A3. Creating an app like Costco provides numerous benefits for businesses, including increased customer loyalty and retention, expanded market reach through mobile accessibility, a streamlined buying process for customers, enhanced data tracking and analysis capabilities, and improved brand visibility and recognition. Additionally, having a marketplace app allows businesses to stay competitive in the ever-growing e-commerce industry.

Q4. How Long Will It Take To Develop a Shopping App Like Costco?

A4. The time it takes to develop a shopping app like Costco can vary depending on the complexity and scope of the project. Typically, it can take anywhere from 3-6 months or longer for more complex features and functionality. It is important to work closely with a development team to establish a timeline based on your specific needs and requirements. Factors such as design, development, testing, and launch all contribute to the overall development timeline. However, with proper planning and efficient execution, the process can be completed on time. Additionally, ongoing updates and maintenance may be required post-launch to ensure the app remains functional and up-to-date with changing technology trends.

Q5. Why Should You Choose Us For Costco App Development?

A5. Our development team has extensive experience in creating marketplace apps, including apps like Costco. We have a deep understanding of the e-commerce industry and can provide valuable insights and recommendations to ensure your app is successful. We also prioritize communication and collaboration with our clients throughout the development process to ensure all needs are met and expectations are exceeded. Additionally, we offer ongoing support and maintenance services to ensure your app remains functional and up-to-date post-launch. Choosing us for Costco app development means choosing a reliable and experienced partner who is dedicated to delivering a high-quality, user-friendly, and successful marketplace app for your business.

Q6. How Can I Make Money From A Shopping App Like Costco?

A6. There are several ways to monetize a shopping app like Costco:

Membership fees: Similar to Costco’s model, you can charge a membership fee for users to access exclusive deals and discounts on your app.

Commission from sales: You can earn a percentage of the sales made through your app as commission, either from third-party sellers or through your own products.

Advertisement revenue: Displaying ads within the app can generate revenue based on clicks or impressions.

In-app purchases: Offering additional features or premium content within the app for a fee can also be a source of income.
Data monetization: With user permission, you can collect data on purchasing patterns and trends and sell it to interested companies for market research.

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