With such an opportunity I don't see why one would not want to benefit from the value chain. All we have to do is to find how to place ourselves into the income stream/channels with an app or blog and we will be making a lot of money. Another report from Adage.com have shown that this trend is likely going to continue. See the Chart below.
source: Business Insider
Given the increase in the future cash flow the challenge now becomes how one can tap into this stream of income.
There are two options on the table,
- Blogging
- Mobile Apps
Blogging
Blogging usually requires tons of research and activity and traffic to become profitable. Unique content is also very vital. Unless you can source for and pay writers you may have challenge keeping up with the time and quality demands. You can hire Freelance writers here. More so the challenge in getting Adsense approval do put people off. In a future post I will be addressing how one can overcome these challenges with blogging.
Mobile Apps
The second option is making of apps. This option is easier at the moment because of the tons of young programmers looking for freelance programmers for jobs. More so, there are several great paying mobile ad networks that do not need approval as compared to publishing ad networks. Depending on the country and daily engagement on the app, one can generate up to 1000 impressions (ad views) per person per day arriving at an income of $5 per day. A thousand people getting 1000 impressions will then earn $500 per day and 10,000 people $5000. But this is only if your app can keep people glued and engaged for the timeframe required to achieve that amount of views. Typical rates fall around $1 to 3$ per 1000 impressions known as eCPM. All you need to achieve these endeavor are three things.
- A good idea
- A programmer
- A marketing strategy
You can always get good ideas by engaging people and trying to figure out how to solve their problems. If you have tried that and still have challenge or don't want to go through that hassle you can simply mail me at majestyinc5@gmail.com. Your budget will determine the quality of the idea. A programmer is readily available at get a Freelancer. All you have to do is to place a project at a budget and they will come running to you from all angles. Payment is upon satisfaction. The next challenge is your marketing strategy so far marketing on facebook, google, twitter, quora are all viable options that can boost your app downloads. You can reach a million people via these channels. Alternatively you can purchase downloads; that is pay people to get people to download your app. Note, however that getting people to download your app does not mean people will keep it. So your add have to be great.
- My Strategy
- Get a good Idea
- Get a freelancer (place your budget between 300$ to 2000$) depending on the sophistication.Ensure you are very satisfied
- Get your friends and family to test it and ensure it is great and not buggy
- Market it on facebook,quora or google on a 10-100$ daily budget to high income countries or purchase downloads at cpi mobi or keenmobi or labinator. Ensure you do not loose your users through careless bugs or mistakes.
- Total budget spent will be around $1000 to $5000
- Freelancer $2000 maximum
- Marketing $3000 maximum
- Estimated downloads will be around 50,000 to 100,000
- Estimated income for engaged users will be nothing short of $2000 to $3000 per month
That is a great income for anybody without them having to work 24 hours a day writing or working. I did like to hear your feedback via my mail majestyinc5@gmail.com..
Stay blessed stay tuned
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