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How to make money through selling iPhone applications

July 30, 2010 by  
Filed under iPhone App Cash

To those interested in the technological development, the news about the fast growing market of the iPhone applications must have already reached. It is true that people across the world are keenly getting interested in buying and downloading new applications for their smart phones, multimedia phones and iPhones. In such an interesting time, here are a few tips that can help you make money by selling iPhone applications –

Develop an application that is user friendly and that creates a value on the iPhone users’ part. Once your iPhone application grabs attention from the users, rest assured that your application will indeed work. However, the pricing should be in conjunction with features, that is the features of the application should justify the price. Make sure that your price beats the competition in the market. Surely, you will not be the only one providing an application based on that idea.

One technique that you can use is -buyout. For this, you need to develop your application to the maximum possible extent without worrying about the revenues. Once the application is complete, you can sell it to companies that specialize in applications.

Another way to make money from iPhone application is through “lead generation”. If you develop an application in a way that the user has to fill in certain details before accessing the application, there will be a lot of data content stored away. You can then sell the data to the consumer-service companies looking for a regular leads and database to fall upon. You can also try “subscription models”. Here, you need to make your application free for usage to all, however, make a subscription code mandatory before anyone starting using the app. That way, people have to buy the subscription codes and launch themselves into the complete application.

There are a lot of mobile applications that are service or good specific such as mobile banking, ordering pizzas etc. You can develop such apps and sell to the good/service specific companies. This kind of selling is called as “in-application sales”. You can also get into a contract to get certain royalty every time someone buys or uses your application.

Lastly, one of the most used methods of making money through your application is via “advertising”. You earn revenues every time a visitor clicks on your application! Better your application, more addictive for the user and more revenues for you.

With so much on offer and ways to earn money, you sure are going to love making the application just right and enjoying the fruits afterwards. So what are you waiting for? Develop an amazing application and earn much more than you dreamed of.

Accomplished technology executive responsible for leading several internet companies, one of which was ranked top 50 smart companies by zdnet. Currently associated with ObjectDev Corporation

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