Ericsson’s latest annual mobility report predicts that the smartphone circulation will reach a staggering 6.1 billion units by 2020. But what does this actually imply?
To app developers, this is a mouthwatering statistic. Which is why app developers are positioning themselves to dominate this potential market on various platforms.
With iPhone sales escalating every year, Apple boasts the most available apps on one platform, with 1.21 million apps in the App Store. And it takes in five times as much money as all its competitors combined. This provides developers around the world with big opportunities to earn handsome profits.
But developing an app is no easy task. It’s excruciating and financially demanding. Transforming an idea into an app is a long process that requires expertise and creativity.
Many ideas fail to reach even the development stage, and the reason is iPhone app development costs compared to future profits. Year by year, the average selling price for applications on all platforms has been decreasing.
Even if you’re able to launch your app, its intended audience may not like it, in which case you could end up receiving little to no profit or even incur a loss. All of this is due to the huge cost of develops apps.
Which brings us to this question: How can you cut costs and still make a profit?
Let’s ponder some ways to minimize the cost of developing your app.
App strategy or ideation
To begin with, you need to be clear about your app strategy or ideation. To form an ideation, you should be aware of the nature and requirements of your target audience.
First, make sure to analyze the length, breadth, and depth of your strategy before bringing it to the table. Decide on your app’s entire range basic features in the early stages of development.
Second, update yourself about competitors in the same niche that your app will be in. This will help you understand how distinct and creative your app is compared to the competition and it will save a lot of time and money in the future.
Response as a metric of app performance
Today’s consumers are in a hurry and they want everything to just work. And iPhone apps especially are known for their performance and zippy response time.
Even if your app reaches its intended audience, there’s still a good chance it could fail because of performance issues. In the beginning, limiting your apps features to some core requirements will save you from performance headaches. You can slowly introduce non-core features after your app starts receiving positive feedback.
Angel investors and promising app ideas
The app development market is constantly growing. Recent years have seen it become significantly more profitable, too. This has surely caught the eye of large financial houses and venture capitalists. If your app idea could be a cash cow, VCs will be ready to invest in your app.
Image courtesy of zippykid
Venture capitalists or companies invest either on a partial (50/50 or 60/40) basis or will fully back you. So do some Googling, talk to people and have a look around your vicinity to see if anyone finds your app intriguing.
Open source tools for app development
The money you’ll spend on development tools will only add to your financial burden. To stop development tools from eating away at your budget, make good use of open-source tools. They’re all over the internet. You just need to discover them.
In you’re developing your iOS app by yourself, open-source development tools can be a blessing in disguise. Make use of well-known development tools like UNIX, Bonjour, Webkit, and Swift to develop your iPhone apps on a shoestring budget.
HTML5 and hybrid containers for coding apps
With the emergence of HTML5 technology, coding has been revolutionized. It has created a convenient environment for developers to build apps that can be viewed on various web browsers.
Image courtesy of Appdeck
However, since HTML5 isn’t device specific, you’ll need to use an app container, which enables applications to perform functions specific to a device’s hardware. If written properly, web apps can work as native apps.
iOS compatibility
Since Apple’s iOS operating system is periodically updated, you’re required to make your app compatible with the next upgraded version, as well. Making version-specific applications should never cross your mind. Apps need to be flexible enough to be compatible with its intended device’s operating system after that OS is updated.
Image courtesy of Apple
Consumer demand for changes to the iPhone’s UI and performance propels Apple to upgrade iOS regularly, but frequent changes can wipe out your budget if your app is not flexible.
Outsourcing
If you don’t want to waste time and money establishing your own app development crew, you can outsource it to distant professional developers. These experts will help you convert your idea into reality. Spending less money on building your app leaves you money to spend on promoting it.
Freelancers are available around the world, and you can hire a developer who meets your financial needs. But remember the cost of your app will grow on an hourly basis.
Don’t forget to receive feedback from the freelancers in a timely manner. If you periodically analyze of your app for glitches, you’ll increase your app’s performance and popularity. Above all, it will save you money.
Image courtesy of Norditcit
Conclusion
A multi-billion dollar industry that is here to stay, the mobile app industry is the way to the future. With new players entering the market every day, we highly recommend that you develop your app using cost cutting measures so that you can make your fortune. And we hope you can take your creative idea to the people without financial constraints.
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