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The mobile app industry has boomed over recent years. However, this doesn't necessarily mean the market is saturated. Starting up in the smartphone app industry begins with identifying a gap in the industry. With this, you can earn a steady revenue from your app through different avenues.
Read on for your guide to starting your smartphone app business.
You can choose to create apps all by yourself or build a team of specialised developers to help with app creation. You will also need the skills to market, design and negotiate your app with endorsers.
There are several online courses, training and bootcamps available for those interested in becoming mobile app developers. In as little as eight to 12 weeks, these courses can help you develop the skills to understand the principles of secure, stable software design. You can apply for online software development courses at:
If your budget does not allow you to hire freelancers or outsource developers, learning to code in two or more programming languages can help you. It is a good idea to have an understanding of the basics. You can find online courses at:
Access thousands of courses from some of Australia's leading providers.
Unless you're setting up a physical office, as an app developer you will be investing in different softwares. The financial cost will be minimal if you are starting your business from home. The essential software you will need include:
You can also read more on our guide to starting a small business from home.
Why compare personal loans? If you’re starting a business it can be hard getting approved for a business loan. Lenders usually look for a business that has been operating for at least a year and is making over $10,000 per month.
While with personal loans lenders look at how likely you’ll be able to repay the loan based on things like your credit score, employment history and your existing debts. Before taking out a personal loan make sure you can afford to make the repayments plus any additional fees or charges.
Just like a business structure, you will need to consider the kind of app that you will create. Each structure comes with its own pros and cons.
To protect yourself and your business, the necessary legal documents you'll typically need include:
The legal documents you draft must be legally binding. They should protect your app according to your needs, especially if the app is collecting personal information and payment details. Access online legal services and templates from Sprintlaw, Lawpath, LawDepot, LegalVision and Wonder.Legal.
Getting revenue from your app is different from selling physical goods and services. People will want to try out the app or might even opt for a similar but free app. Some ways you can make an income from your app are through
You can build your customer through email newsletters, collaborations and online advertisements. Reach out to influencers who can test your app and recommend it through their platform. When it comes to a smartphone app, reviews on Google Play and the App Store influences people's decision to download. Make sure to respond to your customer service when they leave reviews and feedback. Take appropriate action as soon as possible.
If you are looking to create a business that involves creating apps for others, online marketplaces offer a hassle-free way to source new jobs from clients. Some of the top platforms include:
Can I build an app if I don't know how to code?
Yes. You don't need to have advanced coding skills to start a smartphone app business. Take advantage of app building platforms like GoodBarber, Appy Pie, GameSalad and App Institute.
How can I protect my app idea?
During the development phase of your app, have your collaborators sign a non-disclosure agreement before discussing your app with them.
How long does it take to develop an app?
The time taken to develop an app depends on the features, complexity, and the platforms your app will be on. Generally, it should take three months from app development to the app being on the market. You will need to consistently test your app, test it with users and encourage feedback.
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