Business Idea

Start An IPhone App

About

Starting an iPhone app requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell iPhone app, or selling iPhone app online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an iPhone app ➜

Key stats

market size
$580B
revenue (monthly)
$3.14K
starting costs
$35.7K
gross margin
22%
time to build
9 months
growth
Email marketing
business model
Advertising
time investment
Side project

About

Starting an iPhone app requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell iPhone app, or selling iPhone app online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an iPhone app ➜

Key stats

market size
$580B
revenue (monthly)
$3.14K
starting costs
$35.7K
gross margin
22%

 

time to build
9 months
growth
Email marketing
business model
Advertising
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $500 $5,000
Website Costs $303 $7,215
Business Formation Fees $5,600 $20,400
App Creation Costs $1,099 $20,099
Software Expenses $162 $3,094
Total Startup Costs $8,565 $63,160

Successful Businesses

Business URL Rank
Apple apple.com #41
Planoly planoly.com #6,725
SMS24.me sms24.me #28,133
Home publicpartnerships.com #90,715
Mac Center Colombia mac-center.com #98,867
Field Agent fieldagent.net #113,930
Citizen citizen.com #122,526
Phoneplace phoneplacekenya.com #132,650
iShop ishopcolombia.com #179,817
iCloud Activation Lock Screen Bypass checkm8.info #215,773
EcoATM ecoatm.com #241,926

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your iPhone app started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Quick build time The average time it takes to build your product is quick - typically around 9 months. This will allow you to bring your product to market faster.
Cons Description
Crowded Space Competition is high when it comes to your iPhone app, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Low margins The gross margins for your iPhone app are typically around 22%, which can make it more challenging to incur new expenses and maintain profitability.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 3

    Partnerships

    A partnership is a formal agreement between two or more entities to oversee business operations and share profits and liabilities.

    Creating strategic partnerships with an existing business can be a huge win for a startup.

    This is considering that a partnership creates a new slate of future options for your startup.

    On the other side, pursuit of partnerships could suck up a ton of time, and bunch of resources, and fail to materialize.

    Therefore, entrepreneurs need to do proper research and evaluate the possibilities of achieving success through partnerships.