Boise, Idaho. (PRWEB) October 14, 2012
Many might dream about becoming billionaires overnight through creating apps like instagram, but that is a very difficult shot. Such successes are just about ‘one percent of the top one percent of start-ups out there’ as CEO of Jumptap, George Bell puts it. He says,” If you're a normal start-up, you're going to have to go through rounds of funding and you're going to have to prove that you have a sustainable model”, when talking about launching applications for a source of income.
Even though this will discourage many individuals from trying to get money through mobile apps, people should not let go of the idea that applications for mobile phones continue to be one of the top ways of acquiring money through the internet. It’s possible for one to build a user base for his/her designed applications, and then gradually monetize the content the app puts forward.
It’s best to think long term when deciding what to make an application on in order to become successful in the market. The need for a business plan on monetizing the app is absolutely necessary in any scenario. This allows firms to create a steady stream of income for them. Also, this was one of the suggestions that the five veterans from the mobile industry made at the Hi-Tech Conference which was held at MIT.
There are two kinds of applications one can undergo the venture of; the apps that are downloadable for free but earn through advertising, or the apps that are free for a limited period of time and then charge a fee if people wish to use it after a limited time or access some additional features of it. “App developers have to insist on charging something for their content despite the fact that mobile app stores are overflowing with apps that promise users everything for free”, in the words of Aaron Woodman, director Microsoft mobile communications business.
This just goes to show the limitless possibilities of how individuals can get money through designing mobile apps. It just starts with a simple idea which goes further.
DotComSecrets explores some of these endless possibilities of how to earn money from the internet. If app designing is not one’s cup of tea, the website aptly suggests other training programs which equip individuals in making money online as well. Visit http://www.dotcomsecrets.com to find out more.