Application development attracts both young and experienced entrepreneurs. Apps for smartphones draw sustainable revenue. For example, Clash of Clans game holds ground at recorded earnings of up to $168,000 per day.
A few years ago, the biggest doubt that made some talented IT specialists take a step back in app development was the uncertainty of profit. Apparently, some believed that a paid application was the link between the developer and real money. However, things have since taken a different turn with expert reviews indicating that substantial revenue can also be generated by free apps, not only by paid ones.
It’s important to note that not all app developers make good money, in fact, a number don’t make anything at all. But that should not give you a reason to abandon your passion in application development, since with the right idea, strategy and development team your chances to succeed are very promising!
Before an application becomes a money making avenue, proper ground work is important. Some newcomer developers are unable to make considerable profits because they are victims of common unforeseen mistakes that may include lack of proper research and application objectives. It is obligatory to explore the industry thoroughly before diving in.
Advancement in technology has pioneered techniques for innovative people to make money. Application development is an investment strategy that has been adopted by startups and entrepreneurs who possess deep knowledge of digital technology and stay on top of modern technology trends. Those people realize that the digital universe in general, and the world of mobile apps in particular, offers countless opportunities for business.
All business people prefer investing in something that can actually make them money with fewer risks. So, how much money can you earn with an app? How much money can be spent to develop an app? An investor intending to put in some capital in the business would probably ask those two questions.
Opportunities of App Development Industry
App development is an industry that represents many opportunities. For example, one investor can choose to focus on gaming apps, another can choose to focus on photography apps while yet another prefers educational apps. The opportunities are indeed endless, take any type of existing apps. And you could also come up with something unique the world hasn’t even heard of before.
A review published by Huffington Post listed some popular apps, whose developers were impressed with the revenue they generated. Clash of Clans — a gaming app topped the list with $168,000 of daily profit with 33,700 daily downloads. Pandora app followed second with $120,000 of daily revenue and 34,900 downloads per day.
Other apps, especially in the game category, that recorded considerable performance included Angry Birds, Flappy Bird, Mobile Strike and Pokémon Go.
With desktop application development held still by giants of computer software development such as Microsoft and Apple, the mobile phone industry offers opportunities for all
Mobile Internet usage has grown more than five times over the last 5 years. According to a review published by New Lines Technologies, at least $10 billion is invested every year towards mobile phone application development. Sounds impressive, doesn’t it?
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