What does it take to create a business based on fantasy sports mobile app like Dream 11?
According to the Fantasy Sports and Gaming Association, the fantasy sports business is huge and worth a lot of money. The number of mobile users on Android as well as IOS is increasing every year, which ensures that there is much potential in this business idea. One of the most popular examples of such a mobile app is the fantasy sports app Dream 11. The number of users of this app is very high, and this is why you should consider getting a fantasy sports app built for business purposes.
What is the business model of fantasy sports app Dream 11?
A fantasy sports mobile app is based on a freemium business model. A mobile application development on this model offers basic features and services to users without any monetary cost. However, if the user wants to access the additional features, then a nominal fee is charged. Using this strategy in app building allows the users to try out a new app without worrying about the cost and if they find the app interesting enough, then they will be pleased to become a premium user.
How can you earn with a fantasy sports mobile application?
At the initial phase of the app launch, the users who download and use the app will not generate any revenue. As the popularity of the app increases, more and more users will download the app. To retain the users, the app must have a unique selling point and some cool features which will help you in making your app distinctive. After a certain time and enough users, there are many ways by which you can monetize the app and earn profits. Here are a few methods which can be used to generate revenue.
• Get paid to show advertisements
• You can include in-app purchases such as bonuses, game boosts, etc.
• Earn money by charging fees for allowing the users to participate in events and contests
• Partner with major sports brands and earn money by promoting them through video ads
• You can also sell physical products and merchandise related to sports
Well, all these methods of revenue generation will only work if you have an app that can attract new users and keep them engaged with new contests, events, and competitions. We at Emizen Tech understand your needs perfectly, and our team is very efficient at creating such an app in a time bound environment. We already have pre-built fantasy sports mobile applications, and all we need to do is modify it and include new features as per your requirements.
Some of the basic features and functionalities that we provide in a fantasy sports app are as follows.
• Homescreen: Once the user completes the registration process, this will be the first screen that will be displayed. User will find the option of browsing through different sports, a list of ongoing and upcoming matches, and a menu to navigate to other sections of the app.
• Profile: This section will display all the details of the user, past achievements, reward points, rankings, friends, option to invite new users and a logout button.
• Contest: In this section, the app user will find the list of all the matches and events. A detailed description of contests in terms of size, entry fees, type, prizes available, and the feature to filter out specific matches according to user preference.
• Invite & earn: This section gives the option to invite your friends with a referral code or link, and in return, the user will be awarded bonus points or credits.
• Leader board & history: This section will display the user rankings, rankings of top players, and other statistics related to them.
• Wallet: It will display the total amount of points of virtual currency that a user has in its account.
These are essential features which are provided for the user and apart from these we will also offer you functionalities at the backend which will help you manage the app. Some of those features are.
• Dashboard
• User Manager
• Contest Manager
• Manage Matches
• Manage Rewards and Cash Prizes
• Data Analytics
• Manage Payment
• Manage Reports
• Manage CMS pages
