Is it possible to make millions by building an app? Game of War – Fire Age, Boom Beach, Madden NFL Mobile, Candy Crush Saga, Clash of Clans (iOS), Spotify and Tinder, Pokemon Go; what do all these apps have in common? Well, other than the fact that they started small, they are also among the top grossing mobile apps bringing in millions per day.
If you have been thinking about becoming an Appreneur, this is the right time to make your move as more brands position themselves to leverage the grossing number of app users. Research shows that mobile users spend more time on apps than mobile websites. In 2022, the total number of mobile app downloads is expected to reach 258.2 billion. This highlights the opportunities that abound for anyone who has a good idea that can be turned into a successful app.
Now, back to your question, how can one make millions by building an app? For you to appreciate the task you are setting yourself up for, remember that for every million making it on app marketplace, there are thousands that simply don’t make it. With millions of apps already available, you need to take your time to strategize. Here are some tips to get you started:
- Market Research
Everyone has an idea and if you think yours is the best, you will be surprised to find out that many other people already outdid you here. Go out and research to identify if there is really a gap that needs filling with your app. In summary, a money making app must be unique, entertaining, and useful for day to day life. Through market research, you not only evaluate your idea but you also learn about the market trends.
- Don’t Struggle to Reinvent the Wheel
A close look at the most successful apps in the app stores today reveals that the developers weren’t after being revolutionary. Instead, they sought out to improve on existing apps. With millions of apps already available on app stores, you might find it hard to come up with a new idea, but luckily, no one said you can’t improve on what is already there; look at WhatsApp, Facebook Messenger and Instagram and you will get the idea.
- Talk to an Expert
Most likely, you have already read how easy it is to build your own app and make millions in the process. There are so many mobile app development tools available but none can replace the invaluable expertise offered by an experienced mobile app developer. A good app developer will analyze your idea and advise how viable this can be. Even before the app development phase, the input of an app developer is crucial.
- Think Funding
If you are interested in building an app that can make you millions, take time to strategize on how to fund the development. The quality of app must be excellent and this means working with the best team. You can go for a crowdfunding campaign if you already have a good idea and proof of concept.
5. User Traction :
Investors and Users look for how the App is behaving in the market. Its highly recommended to go through costly mistakes that you should avoid before launching your app
To make this happen, you can even conduct a survey from your customers who will be using your application. You can gather both positive and negative factors from them. With this, you can create an application that satisfies their need by eliminating the disadvantages.
When you are satisfied with your mobile app, and it fulfills other factors such as performance, compatibility, and quality requirements, you can submit it to the market. This can in turn increase your customer satisfaction as well as result in a good number of downloads in both the app and play store easily.
6. Get Featured and PR:
Once your App is getting momentum, you should maintain it by adding more features and get in touch with proper Press Release Agencies. It will help you to get listed in App stores and gain visibility in medias. Once you are on the growth track, you will be considered for Strategic partnership from companies and Investors. If the partnership is well analyzed and works well, your App Idea will be the next Billion Dollar Business!
Other factors to consider if you want to make millions by building an app include pre-launch marketing and choosing an appropriate monetization model. It is a tough one, but through commitment and research, you can make millions from your app idea.
If your app is well popular among people, there are a good number of chances of increased profits. To reach immense downloads, you need a great marketing strategy. Here are a few things which you can consider:
- Create a free version of your application.
- Advertise paid app in the lite version.
- Make use of opportunities such as social media like Facebook, Twitter.
- Start distributing your promotional videos across various video platforms such as Youtube.
- Feature your website with different blogs on various information which your customers would love.
- Write Press Releases to popularize your application.
- Run viral ads across platforms.
These things would make your application stand out from the crowd and make them popular among the people easily. Results can get popular, doubled, tripled, and even quadrupled by getting into the category of the featured app as well.
As a Mobile App Development Company in Austin, we consider the above factors to be a mandatory thing to succeed in the market. Achieving all these may look like a challenging task, but once done you can remain successful and unique in the mobile market. If you have ideas for developing a mobile application, we people are here to make them true. Get in touch with us to have a crafted application as per your business requirements.