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

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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......

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.

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  • 1. ©2012 by EliNext GroupHow App Developers Can Help YouBecome a Millionaire or Even aBillionaireWe often hear overwhelming stories of moneyhungry people that manage to achieve fabuloussuccess. Among them are those who gethundreds of thousands dollars in just a couple ofmonths even without large investments. Can’tbelieve? Nowadays, it is in fact possible tobecome a millionaire or even a billionaire bycranking out inexpensive but very popular mobileapplications for smartphones and tablets.
  • 2. ©2012 by EliNext GroupAre you interested in making a fortune from mobile applicationdevelopment? To be the next app millionaire, or appillionaire, youneed to create a really great product that people will love using.Check out the following simple items that may help you achievemillions of downloads and hit the million dollar mark.The great ideaMake sure that you have an idea that is worth selling in app marketssuch as Apple’s App Store and Google Play. Search for possiblecompetitors or existing solutions. Your mobile app must be uniqueand truly catchy. It should convey something remarkable and attracthuge audiences.Making moneyPaid 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 likeyour application, but they are ready to pay only for those things thatthey need physically or emotionally. And don’t forget that App Store
  • 3. ©2012 by EliNext Groupand Google Play take transaction fees equivalent to 30% of theapplication price.Some apps are first released in the “lite” (free) version, which laterallows users to upgrade to the full paid version. In-app advertisingcan be a great source of revenue either.Get the app developedYour idea can be fantastic but execution needs to be extremely perfectas 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 performancerequirements, functionality, expected size, etc.Without necessary qualifications and background in mobileapplication development, the most reasonable solution is to outsourceyour project. To be assured that the desired app will be completed asexpected, it is critical to choose a professional app developer.Additionally, your application must undergo strict quality assuranceprocedures not just on emulators, but on real devices. Professional
  • 4. ©2012 by EliNext Groupsoftware development services can thus help you save a lot of moneyand time.Submit the app to the app marketWhen you are satisfied with your mobile application and it fulfilsperformance, compatibility and quality requirements, you can uploadit to the app market. Strict adherence to all the submission rules willfacilitate the approval process and contribute to quicker appearance ofthe app on the web.Effective marketing and PRNow your well-executed mobile app is available to users. To reachimmense downloads it needs a great marketing campaign. Thefollowing 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 andTwitter;• Distribute promotional videos, e.g. put videos of users trying
  • 5. ©2012 by EliNext Groupyour app on YouTube;• Take advantage of placing info about your app in numerous blogarticles;• Write press-releases;• Run viral ads.Results can get doubled, trebled and even quadrupled through gettinginto the category of featured apps in application stores. How does anapp become featured? The answer is simple: it should be awesome.Supporting figuresAre you still not sure about getting started? Here are some convincingfacts about mobile apps. During the recent WWDC 2012 (the AppleWorldwide Developers Conference), the following facts aboutApple’s App Store became known:• More than 650,000 apps are available in the App Store, with225,000 of them being iPad-specific;• 30 billion downloaded apps since App Store’s inception;• 400 million App Store accounts with credit cards;
  • 6. ©2012 by EliNext Group• The App Store is now available in 120 countries, but thisnumber is supposed to grow over the next month up to 155countries total;• Apple has paid out over $5 billion to developers.What concerns the Android ecosystem, at Google’s I/O 2012conference it was announced that there are now around 600,000 appsand games in Google Play (which is almost as many as in Apple’sApp Store). In total, Android users have downloaded over 20 billionapps to date. Furthermore, according to the International DataCorporation (IDC) the most shipped smartphone operating systemover 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
  • 7. ©2012 by EliNext GroupFigure 1: Smartphone operating systems in 2012 and 2016 (forecast)Source: IDCConclusionBased on all the mentioned facts, you have probably got very excitedabout developing a mobile app and becoming an app millionaire.Mobile apps promise quick and attractive results in comparison toconservative and established kinds of business. Moreover, in terms ofrevenue the mobile app industry is growing annually. People havetheir smartphones and tablets 24/7 and use apps for businesses,learning, games, etc. A high-quality mobile application that brings
  • 8. ©2012 by EliNext Groupconsumers real value and unparalleled emotions can translate intoenormous profits.Industries and Technology Areas:Industries: entertainment, games, education, mass media, advertising,traveling, financial services, banking, healthcareTechnology Areas: mobile application development, iPhone, iPad,iPod touch, iOS, Android, BlackBerry, smartphone, tablet
  • 9. ©2012 by EliNext GroupELINEXT GROUPWebsite: http://www.elinext.comEmail: info@elinext.comBlog: http://software-topics.comFacebook: http://www.facebook.com/elinextTwitter: https://twitter.com/elinextDelicious: http://delicious.com/elinextgroupIreland officeMarina House, Adelphi QuayWaterford, Republic of IrelandPhone: +353 (51) 347 477Belarus Development Center155b Bogdanovich St.220040 Minsk, BelarusPhone: +375 (17) 237 53 65Vietnam Development Center37A Phan Xich Long St.Ward 3, Phu Nhuan DistrictHo Chi Minh City, VietnamPhone: +84 (8) 3995 6849Suggested citation: EliNext Group.2012.“How App Developers Can Help You Become a Millionaire or Even aBillionaire”<http://www.elinext.com/how-app-developers-can-help-you-become-a-millionaire-or-even-a-billionaire>