How to Monetize Android Apps in 2024 – Proven Strategies for Beginners!

Hello everyone,

I am new to this forum and eager to learn from the experts here !! I recently developed an Android app and am exploring the best ways to monetize it effectively in 2024. I would love to hear your insights on strategies that are working well right now.

The app is free to download and targets a niche audience.
I am considering in-app ads but I am unsure about the best ad networks for CPM rates.
Subscriptions or in-app purchases could also be an option.
I have some questions:

Which ad networks do you recommend for high revenue in small-scale apps: ??
Are there any key pitfalls I should avoid with in-app purchases or subscriptions: ??
How do you promote your apps to drive downloads without a huge budget; ??

Looking forward to your thoughts and experiences. Let’s make this a collaborative space for newbies like me !!

Thanks in advance!

With Regards,
DanielServicenow