Friday, January 22, 2016

Winning strategies for app development start-ups

Nowadays, one of the swiftest ways to become an entrepreneur is to start a mobile app development company. And, most importantly, the price of entry in this huge and continuously expanding business is less than $10,000, which in turn, also makes it a highly competitive business.

According to Tim Cook at Apple (AAPL -2.78%): “There were over 9 million registered developers in 2014”. And, according to other statistics, most of them vanished away because they were unable to generate significant profit.

The big winners – Clash of Clans, Temple Run, Candy Crush, Angry Birds, WhatsApp and Instagram – are still pulling over a million dollars in a day. The smartphone version of Skype is making money through credits after gaining huge popularity for its website version. But have you ever thought of the remaining 3 million apps? Among those 3 million apps, most of them are free and reaping only trivial revenue through advertising.
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