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How to Start Building Your Mobile App Startup
There are many factors to consider when creating a new mobile app. How much does it cost to make an app? What features should it have? How can you monetize it? With so many upfront costs, a massive time investment, and no immediate payout, it’s easy to see why most people never make it past the ideation stage.
But for those with a great app idea and the drive to see it through, there are some important steps to take before you can start earning money from your new mobile app.
Start Building Your App on the Side
Most of us can’t afford to quit our day jobs and build an app full-time. That’s why it’s important to start building your app on the side. Working on your app a few hours a week will help you get it done faster and give you a chance to test it out with potential users before you launch.
If your goal is to avoid a corporate job, there are several ways around it. What many tech entrepreneurs do is take the skills that they use when building their app and sell their skills online as freelancers. Not only is this a great way to make some extra money, but it also gives you the flexibility to work on your app during your free time. Plus, many freelancers find that they are able to earn more than they would have at a full-time job.
If you’re not a developer, you’re going to need to hire one. App development is not cheap, but it’s an investment that will pay off if your app is successful. The cost of developing an app depends on the features and complexity of the app. A simple app with few features may only cost a few thousand dollars to develop, while a more complex app can cost upwards of $100,000.
To get an idea of how much it will cost to develop your app, you can use a tool like App Cost Calculator. This tool allows you to input the features you want for your app and gives you an estimate of the development cost.
Get Seed Funding
There are many types of funding, but seed funding is the type of funding you’ll need to get your app off the ground. Seed funding is typically provided by friends, family, or angel investors. These are people who are willing to invest in your app without expecting a return on their investment until the app becomes successful.
If you’re not sure how to find seed investors, you can start by reaching out to your network of family and friends. If you don’t know anyone who’s willing to invest in your app, you can try pitching your app to angel investors. There are many online resources that can help you find angel investors, such as AngelList.
One of the best ways to generate buzz for your app is to build a waitlist. A waitlist is a way of pre-selling your app to people who are interested in using it. By building a waitlist, you can not only generate interest in your app but also get valuable feedback that you can use to improve your app before it launches.
There are a few different ways to build a waitlist. One way is to create a landing page for your app and include an email signup form. You can then promote your landing page on social media or through online ads. Another way to build a waitlist is to reach out to influencers in your niche and offer them early access to your app and compensation in exchange for promoting it to their followers.
Know-How You Plan to Monetize It
There are several ways to monetize a mobile app. The most common way is to charge users a monthly or annual subscription fee. This is known as the freemium model, where users can use the app for free but must pay to unlock premium features. Another way to monetize your app is to sell in-app purchases. In-app purchases are digital items that users can buy from within the app. This could be anything from a virtual currency to an exclusive item for the game.
The last way to monetize your app is through advertising. This is where you include advertisements in your app and earn revenue whenever a user clicks on an ad. Most mobile apps also make money off of the data that they gather from users. This data is then sold to third-party companies that use it to create targeted ads.
So there you have it! These are just a few of the things you need to do to start building your mobile app startup. If you have an idea for an app, don’t wait – get started today! Who knows, your app could be the next big thing.