Loco is the most popular interactive game in India. The game operates on a simple principle, play and earn. The application was released to the market in January 2018 with a quiz-based module. Thanks to its easy-to-approach approach, which offered attractive incentives, it has spread like wildfire with users. Most users of the app are from two-tier cities, towns, and rural areas, locations where there were speed Internet and smartphones were rare until recently.
Quiz in Loco has a simple navigation system. It runs in real-time and can only be played at set intervals. The user has to move on to the next question for a chance at the most prestigious pool within ten seconds to answer each award. Completing ten questions during the scheduled quiz noted that they could win another prize. An incorrect answer immediately terminates the user.
How To Earn Money From Loco?
How Does Loco Make Money?
StartupTalky
How Do People Earn Money From Loco?
The Loco app invites users to play a quiz in real-time and earns them basic acid if they answer all the questions correctly. There are quizzes 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 a host, popular sports presenter Gaurav Kapoor. He asks users 10 multiple choice questions and also provides them with a 'life' to get back into the game if they expire. To get a life in the game after recommending this game to your friend. Once your friend downloads the app you will get a life.
Finally, players are rewarded with cash prizes which are deposited in their Paytm accounts. The only difference is, many people are playing the game together, and a coveted amount of Rs 12,500 is shared between winners.
StartupTalky
How Does Loco Make Money?
Through your mobile number
After downloading and installing this app you will have to sign up. To sign up, they ask for your mobile number, to which they send the OTP and then you confirm it. Now they have your mobile number. It currently has over 5 million downloads and over 3 million concurrent users. They give these mobile numbers to an advertising agency in exchange for money.
Third-Party Advertising
They can also register on AdMob and show an advertisement on the app. When someone clicks on the advertisement they get paid.
Subscription
These apps provide some additional and better features to premium members. Making money with a premium recruitment fee is very common.
In-App Purchase
You have seen this in many games, where they offer in-app purchases without seeing ads. Loco not only helps you to earn money but also helps you to gain knowledge. But as trendy and attractive these apps feel one should always do some research about their credibility.
Google doesn't pay for the download. Never mind, the app gets downloaded very often, 100 times or 1 million times, they are paid for it. Google only pays app owners when they have monetized their app through Ad Mob.
Link : https://startuptalky.com/how-loco-makes-money/
Author :- Devashish Shrivastava
July 25, 2020 at 04:24PM
startuptalky