How app developers can help you become a millionaire or even a billionaire

©2012 by EliNext Group

How App Developers Can Help You Become a Millionaire or Even a Billionaire

We often hear overwhelming stories of money

hungry people that manage to achieve fabulous

success. Among them are those who get

hundreds of thousands dollars in just a couple of

months even without large investments. Can’t

believe? Nowadays, it is in fact possible to

become a millionaire or even a billionaire by

cranking out inexpensive but very popular mobile

applications for smartphones and tablets.


Are you interested in making a fortune from mobile application

development? To be the next app millionaire, or appillionaire, you

need to create a really great product that people will love using.

Check out the following simple items that may help you achieve

millions of downloads and hit the million dollar mark.

The great idea

Make sure that you have an idea that is worth selling in app markets

such as Apple’s App Store and Google Play. Search for possible

competitors or existing solutions. Your mobile app must be unique

and truly catchy. It should convey something remarkable and attract

huge audiences.

Making money

Paid or free? You have to decide how to monetize your mobile app.

Many apps are available for downloading as payable only, e.g. $0.99,

$1.99, etc. However, one should bear in mind that customers may like

your application, but they are ready to pay only for those things that

they need physically or emotionally. And don’t forget that App Store


and Google Play take transaction fees equivalent to 30% of the

application price.

Some apps are first released in the “lite” (free) version, which later

allows users to upgrade to the full paid version. In-app advertising

can be a great source of revenue either.

Get the app developed

Your idea can be fantastic but execution needs to be extremely perfect

as well. A wide array of issues needs to be thoroughly considered, e.g.

iOS and/or Android operating system, cross-platform or native app,

target hardware (smartphone and/or tablet), app performance

requirements, functionality, expected size, etc.

Without necessary qualifications and background in mobile

application development, the most reasonable solution is to outsource

your project. To be assured that the desired app will be completed as

expected, it is critical to choose a professional app developer.

Additionally, your application must undergo strict quality assurance

procedures not just on emulators, but on real devices. Professional


software development services can thus help you save a lot of money

and time.

Submit the app to the app market

When you are satisfied with your mobile application and it fulfils

performance, compatibility and quality requirements, you can upload

it to the app market. Strict adherence to all the submission rules will

facilitate the approval process and contribute to quicker appearance of

the app on the web.

Effective marketing and PR

Now your well-executed mobile app is available to users. To reach

immense downloads it needs a great marketing campaign. The

following techniques can be applied:

• Make a free “lite” version of your app;

• Advertise paid app in the lite version;

• Use opportunities of social media sites like Facebook and

Twitter;

• Distribute promotional videos, e.g. put videos of users trying


your app on YouTube;

• Take advantage of placing info about your app in numerous blog

articles;

• Write press-releases;

• Run viral ads.

Results can get doubled, trebled and even quadrupled through getting

into the category of featured apps in application stores. How does an

app become featured? The answer is simple: it should be awesome.

Supporting figures

Are you still not sure about getting started? Here are some convincing

facts about mobile apps. During the recent WWDC 2012 (the Apple

Worldwide Developers Conference), the following facts about

Apple’s App Store became known:

• More than 650,000 apps are available in the App Store, with

225,000 of them being iPad-specific;

• 30 billion downloaded apps since App Store’s inception;

• 400 million App Store accounts with credit cards;


• The App Store is now available in 120 countries, but this

number is supposed to grow over the next month up to 155

countries total;

• Apple has paid out over $5 billion to developers.

What concerns the Android ecosystem, at Google’s I/O 2012

conference it was announced that there are now around 600,000 apps

and games in Google Play (which is almost as many as in Apple’s

App Store). In total, Android users have downloaded over 20 billion

apps to date. Furthermore, according to the International Data

Corporation (IDC) the most shipped smartphone operating system

over the next five years will be exactly Android, not iOS.

Table 1: Smartphone operating systems in 2012 and 2016 (forecast)

Source: IDC Worldwide Mobile Phone Tracker, June 6, 2012


Figure 1: Smartphone operating systems in 2012 and 2016 (forecast)

Source: IDC

Conclusion

Based on all the mentioned facts, you have probably got very excited

about developing a mobile app and becoming an app millionaire.

Mobile apps promise quick and attractive results in comparison to

conservative and established kinds of business. Moreover, in terms of

revenue the mobile app industry is growing annually. People have

their smartphones and tablets 24/7 and use apps for businesses,

learning, games, etc. A high-quality mobile application that brings


consumers real value and unparalleled emotions can translate into

enormous profits.

Industries and Technology Areas:

Industries: entertainment, games, education, mass media, advertising,

traveling, financial services, banking, healthcare

Technology Areas: mobile application development, iPhone, iPad,

iPod touch, iOS, Android, BlackBerry, smartphone, tablet


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How app developers can help you become a millionaire or even a billionaire

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