Loco Game Earn Money
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Loco is currently one of the most popular interactive games in India. The game operates on a simple principle: Play and earn. The application was released for the market in January 2018 with a quiz-based module. Thanks to its easy-to-use approach coupled with attractive incentives, Loco has spread like wildfire with users. Most users of the app are from two-tier cities, towns, and rural areas—locations where high-speed Internet and smartphones were rare until recently.
The quizzing system in Loco has a simple user interface. It runs in real-time and can only be played at set intervals. The user has a chance at a prestigious award pool by answering within ten seconds. Completing ten questions during the scheduled quiz is an opportunity to win another prize. An incorrect answer immediately terminates the user.
How To Earn Money From Loco?
How Does Loco Make Money?
How To Earn Money From Loco?
Loco invites users to play a quiz in real-time and earns money if they answer all the questions correctly. Quizzes are held twice on weekdays (1:30 pm and 10 pm) and once on weekends (10 pm). Loco, formerly known as the Showtime app, is a mobile adaptation of the hit TV show like KBC.
Loco has Gaurav Kapoor, popular sports presenter, as the host. He asks users 10 multiple choice questions and also provides them with a 'life' to get back into the game if they get terminated. You get a life in the game after recommending Loco to your friend. Once he or she downloads the app, the life gets credited to your in-game persona.
Finally, players are rewarded with cash prizes that are deposited in their Paytm accounts.
How Does Loco Make Money?
Through your mobile number
After downloading and installing the app, you will need to sign up. To sign up, Loco asks for your mobile number where an OTP is sent. The user needs to confirm the OTP. Loco now has your mobile number. It currently has over 5 million downloads and over 3 million concurrent users. These mobile numbers are then shared with an advertising agency in exchange for money.
Third-Party Advertising
Loco makes use of service providers like AdMob to show in-app advertisements. When someone clicks on the advertisement they get paid.
Subscription
Loco provides additional features and enhancements to premium members. Making money through a premium subscription plan is a common strategy.
In-App Purchases
In-app purchases is another way gaming apps make money. Loco offers in-app purchases without the requirement of showing advertisements. Loco not only helps you earn money but also helps in building knowledge. However trendy and attractive these apps may seem, one should always do some research about the credibility of these apps.
Google doesn't pay for the app's download. It only pays app owners when they have monetized their app through Ad Mob.
Loco app has been downloaded 1 million times and its number keep on growing exponentially.
Almost in every corner people in the group are playing this game insanely.
so many people have earn money from loco and other quiz apps.
But one question that is revolving in everyone mind is how does loco and other quiz app earn money?
In this post, I will tell you about how do loco and another quiz app like Live trivia, Top Quiz, Mob Show etc. earn money.
First I will tell you about Loco app.
Download
Loco Game Earn Money
How does loco app earn money?
Let me clear one thing, Google doesn’t pay a single penny for downloads. No matter, how many times your app gets downloaded 100 times or 1 million times. They don’t pay for it.
Google pay you only if you have monetized your app through AdMob (AdMob is a mobile advertising company that let you put an AD on your app just like YouTube).
Then how loco earn money?
From my case studies, loco is now making money through only one way that is SMS.
Let me explain how loco making through SMS.
After downloading and installing this app you need to sign up. For sign up, they ask you for the mobile number to register after providing they number they send otp and then you confirm it.
Now they get your mobile number, now they got almost 1million mobile number and they give this mobile number to an ad agency for money. AD agency pay lot of money to developer or owner of this app.
After this the ad agency will send you SMS like:
Loco Game Earn Money Free
- Get your loan from this bank at the lowest interest rate
- You have been shortlisted to apply for multiple credit card.
- Get 5 days Paris trip for at 50% discount. etc.
Why is loco app giving a lot of money for free?
There is only and only one obvious reason that is to increase the customer base. They are just using the same business method like JIO. First, give them for free so that they get addicted then charges the money.
After they will get sufficient customer base they can earn money by following ways:
Loco Game Earn Money Now
How mobile app earn money?
After they will get sufficient customer base they can earn money by following ways:
- Third part ad: they will register on AdMob and show an ad on the app. Whenever anyone will click on Ad they will get paid
- Sponsor Ad: so many big companies directly contact app owner and offer them money to show their Ad for a fixed period of time. It happens only if you have higher number of download.
- Subscription: offer some extra and better Features to premium member (premium member are those who have paid some fees).
- In-App purchased: you have seen this in many games where they offer in-app purchase for playing without watching an ad.
Most of the quiz app used one of the above methods that I mentioned.
Live trivia quiz (BrainBaazi) or Top Quiz: how does earn money?
They show ad and made money through ad only. After getting so many customer bases most probably they will use other methods that I have mentioned above.
That’s all!
Thanks for reading.
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