Firstly, if we talk about one of the leading real time quiz app like Loco, is now generating revenue from the app. Still, their motive is not earn money. The founder of Loco in an interview said that they are setting their eyes to increase the userbase and to increase the active users of their app. He also added that he hasn't spended any money in terms of marketting. The users of app does all this indirectly, even the user who has not earned a peny, are reffering the app to their friends and family to earn lives.
Possiblities of Generating Revenue :
1) By Collabrating with the companies :
Some comapnies does thier advertisement through such apps. Like, if company sponsors winning amount of a game show. The questions on that will day will be somewhat related to the respected company.
2) By Monetizing
The owners of the app can also start monetising and giving add in the app in terms of generating revenue.
3) Subscription
They can also introduce some premium offers or options of the users by charging fee on it.
4) Notification Ads :
They can also contact to some third party apps to show their advertisement in the notification bars.
5) Paid Quiz
“Paid Quiz” where they charge sponsors to run a personalised quiz campaign to market their products/services.
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