Before you start drawing some sketches of your app screens the first step should always be understanding your user stories. Better yet, creating a whole product architecture. And this is exactly what we will be talking about.
Today we will talk about the cost of making money. Who do you need to share your profits with and in what do you need to invest in order to earn money with your app.
One of the biggest differences between a business and a hobby is that a business must make money. And today that’s exactly what we’re gonna talk about. Money.
So how do apps make money? Actually there are quite a few ways to do that.
In the previous episode we spoke about how to begin working on your project. We laid out the three main things that you need to understand before moving forward: your goals, your users, and the list of features for your app.
Now let’s discuss the research you need to make before beginning the execution of your project. The research you’ll need to do focuses on your users, their needs and the competition.
One of the biggest challenges first time entrepreneurs face is understanding how to actually begin working on their ideas.
Should I just go and hire a developer to build my app? Do I need a designer? How to explain my idea to them? What should I do next?
If any of those questions have crossed your mind – don’t worry. You’re not alone. Our entire podcast sets out a goal of teaching you everything there is to know about building successful apps and helping you make one yourself.