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How to generate passive income by selling mobile applications
The mobile applications are a phenomenon that is here to stay and, as you might expect, also it affects the field of passive income and business success .
If you follow this blog you know that I love this kind of income: passive, residual and recurrent. Those ultimately coming to you with a hundred, a thousand times, as a result of something you've done once. Is there better way to leverage that?
Well, create mobile applications is one way you can take to get such benefits. Although starting from scratch, what are mobile applications?
So, what are mobile applications?
The mobile applications are programs that are created and installed on mobile devices (smartphones, tablets ...), in order to carry out various functions.
In other words, they are applications that are created to run on mobile devices, in order to carry out the most diverse: educational, entertainment, professional, financial, etc.
They need an operating system to run, of which the best known are Android, iOS, Blackberry OS or Windows Phone.
One of the ones I like for my particular predilection towards training and knowledge is the
educational mobile applications
A phenomenon that encompasses the entire educational community (children, parents, teachers, college students, people with special skills or problems ...) and has involved the passage of E-learning to Mobile learning .
Teaching first moved from the classroom to the Internet environment, and in recent times the same mobile devices. Teaching, learning through tablets is something that is already revolutionizing to the same physical space and the concept of traditional classrooms.
All this, no doubt, is a very interesting for creating passive income sector, but go slowly ...
Types of mobile applications
They can be classified according to many criteria
Depending on your gratuity or not: free and paid
The first pose no cost to the user, but involve allowing certain licenses, such as sampling advertising on the device. The latter, as the name suggests, you have to pay them.
Depending on your destination: for companies or individuals
The first target businesses in order to, among others, provide operational, customer communication and marketing campaign development. The second target individuals as end consumers, with different purposes to which we referred above (learning, leisure, organization of economy ...).
Depending on your programming: native, web and hybrid
The first are those developed for specific operating systems, ie made with the programming language system. Work wonders on your device, but they involve higher costs in the long run, because if you want to work for other devices must be created ex novo .
The web applications are those that run on Internet (web platforms) across different browsers and embedded in an application. They are the most economical to perform, but also the worst user experience provided.
The hybrid applications are using web technology but applied and adapted to mobile devices, ie those using two technologies: web and native code.
The mobile application as generating passive income
And all these types of applications are likely to generate passive income to its creators because, as you may have already guessed, are created once and sold or distributed many. The same "amount" of work allows us to profit out to infinity, with the only limit as there are people on planet earth.
But also in passive income is a very interesting area for several reasons:
- Scalability. No need (or almost) increased investment to produce higher profits. These also are homeless.
- Growing sector. Who can doubt it?
- Possibility of starting with a minimum viable product, testing the idea and improving processes based on trial / error, and feedback received.
- Very low investment (compared with other residual income, such as the sale of homes to rent).
Now, in order to enjoy these benefits in order to generate these revenues we need something prior: to be the owners of the application . Otherwise, we can not commercialize it .
And this, what do you get?
Ways of owning a mobile application
Get in position. If you would like to have an application how do you do? Or create instruct you or someone you do it , right?
The second option is very simple: you have an idea of application , a programmer encargas implementing it , to take her out, you pay and you keep it , you are the owner. It can be an individual programmer or platform from which exist in this regard, with different variants and possibilities.
The first option, you create it, but find it difficult to understand, it can be even simpler and incredibly lucrative.
Fully profit because costs savings.
Simply because you avoid communications with third parties: you understand, meeting the deadlines ...
But there is a problem, you say, I do not know how to do applications . Well, nowadays everything is hopeless.
There are platforms to create free app that allow users to create applications completely free of charge and is amazingly simple: no computer knowledge or programming, choosing between multiple functionalities and using escasísimo time, sometimes within minutes.
One example have the link above. It is a platform that lets you choose a template from all existing, customize and preview the result. Not only that, it also offers tools for positioning the application and make it visible in the top of the platforms.
And from there, as you know: to work with your app: generate publicity, sell products ...
What if I always recommend it is to start with minimal versions. You'll have time to grow in view of the results.
Well, coming this far, what about me? Do you dare, you decide?
In any case, if you share the post on the networks you help other people who are potentially interested and I'll do me a favor!
Take care.
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