Build An IPhone App - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
Building 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.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$5,600 |
$20,400 |
|
App Creation Costs |
$1,099 |
$20,099 |
|
Software Expenses |
$162 |
$3,094 |
|
Total Startup Costs |
$7,235 |
$58,160 |
Case Studies
•
$60K/mo
•
$30K/mo
•
$80K/mo
•
$18.6K/mo
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Apple |
apple.com |
41 |
|
|
Ailment: space bullet hell |
apps.apple.com/app/id1463030573 |
51 |
|
|
Planoly |
planoly.com |
6,725 |
|
|
Setapp |
setapp.com |
11,321 |
|
|
OnlinePianist |
onlinepianist.com |
24,489 |
|
|
SMS24.me |
sms24.me |
28,133 |
|
|
SteelKiwi |
steelkiwi.com |
85,838 |
|
|
Home |
publicpartnerships.com |
90,715 |
|
|
Mac Center Colombia |
mac-center.com |
98,867 |
|
|
Field Agent |
fieldagent.net |
113,930 |
|
|
Citizen |
citizen.com |
122,526 |
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.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
"An amazing network of founders that truly want to help each other grow their business."
