Starting a Custom iPhone Applications Business
Business Overview:
Starting a custom iPhone applications business can be a lucrative choice for any creative person looking to cash in on the hugely popular iPhone. Since its introduction in 2007, demand for iPhones has risen sharply. As the popularity of the iPhone has grown, so too has the demand for iPhone applications. Considering the popularity of the iPhone and of the Apple brand itself, this is a trend that is unlikely to change. The premise behind this business idea is simple; you create customs applications for use on Apple’s iPhone, which people then pay to download. Simple as this is, your ability to cash in on it is limited only by your imagination because people will pay for all kinds of iPhone applications. For example, popular applications include applications that give ideas for dates, provide locations of local pizza restaurants, give tarot readings, and help with monthly accounting. The chances are that if you can come up with an idea for an application that you would find interesting, useful, or funny, then many other people probably would too—and would happily pay for it. This is an ideal online business idea if you’re a creative person. What’s more, you can start this business at virtually zero cost as there is a range of free software available which you can use to turn your ideas into real iPhone applications. Alternatively, if you’re willing to invest a little further there are more powerful paid programs you can purchase and use to develop your applications—or you could pay an iPhone application expert to do it for you. Having developed your applications, all you then need is a website to sell them on. You can also list your applications on the Apple Store website. Considering that the average iPhone application sells for $3.87 USD, if just one of the iPhone applications that you develop was to become even slightly popular you will have a very successful business. All that’s needed is the creativity and a commitment to succeed.
A Day in the Life of a Custom iPhone Application Business Owner:
As a successful iPhone application business owner, you will have several popular iPhone apps selling online and generating you a very nice residual income. Looking to expand your business and further increase your profits, you’ll begin a typical day by brainstorming ideas for new iPhone applications to create. You’ll then choose the best application idea from your list, and you’ll go ahead and create it. In doing so you may use software to develop the application yourself, or you may hire a freelancer to develop your application for you. Finally, you’ll upload you new application to your website (as well as to apple’s iPhone applications store) for it to be purchased and downloaded by iPhone users around the world.
About Your Customers:
Your customers will be owners of Apple’s popular iPhone.
What You Need to Start:
- Software with which to create your iPhone applications (alternatively, you could hire someone to develop your applications for you)
- Creativity and an awareness of current trends
- Computer
- Website to on which to sell your applications
- Business license
- Financial tracking software
The Good:
- The iPhone is hugely popular, as is the demand for iPhone applications, and this is unlikely to change anytime soon.
- The average iPhone application sells for $3.87, USD so just one moderately popular application can generate impressive profits.
- You can start this business at little to no cost.
- You can start and run this business from the comfort of your own home.
- You can run this business part-time as an additional revenue stream.
The Bad:
- You will need to be patient and persistent, as it may take some time for you to hit on a popular application idea.
- Your profits may not always be consistent, as the popularity of some of your trend-based applications may be short lived.
Resources:
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