fbpx

6-Figures Side Hustles: FREE Documentary ALL Episodes REPLAY Weekend Review & Bonus + The Future Belongs to Small Businesses – CHALLENGE Question #1

You're Reading:Family Business: How To Create A Profitable App

Family Business: How To Create A Profitable App

LATEST NEWS

6-Figures Side Hustles: FREE Documentary 9 Episodes by Revealed Films, starts May 23

Right now, REPLAY Weekend ALL Episodes

Review & Exclusive Bonus

FREE Report: 3 AI Side Hustles Anyone Can Start

........................

6-Figures Side Hustles: FREE Documentary 9 Episodes by Revealed Films, starts May 23

TRAILER #1

........................

6-Figures Side Hustles: FREE Documentary 9 Episodes by Revealed Films, starts May 23

TRAILER #2

........................

6-Figures Side Hustles: FREE Documentary 9 Episodes by Revealed Films, starts May 23

TRAILER #3

........................

The Future Belongs to Small Businesses

CHALLENGE: Preliminary Phase STARTED - 3 WINNERS. Question #1 has been released.

........................

“7 IDEALS” Methodology Overview & Invitation

HOT NEWS: I'm working on the "7 IDEALS METHODOLOGY" video presentation, the blueprint (infographic & guide), the 7 ideals page, and a brand-new contest. For more information, join the newsletter and get exclusive bonuses and discounts for a lifetime.

Overview & Invitation

This methodology is the end result of over 30 years in business and marketing and I'm working on it since late 2021.

A systematic and structured approach to developing and implementing proprietary and custom-made strategies, processes, and campaigns for small businesses and startups.

It’s a methodology specifically designed to help you compete efficiently in the overcomplicated marketplace.

It’s a proprietary system that looks at your business as a whole and gives you a clear path – a roadmap to follow – a solid and flexible strategy and action plan.

It involves a set of principles, processes, models, frameworks, tactics, and techniques that you can use to achieve and surpass your business goals and objectives.

It’s not just a methodology to promote your products and services, that’s only one tiny aspect. It’s a methodology that helps you design, run, manage, and grow businesses. From an initial idea to becoming a leading name in your respective industry and beyond.

Starting small is actually the biggest benefit in this multi-dimensional, fast-changing marketplace.

Small businesses are personal, we get to interact with our customers face-to-face, and serve them at the highest level possible.

We know we can’t compete with giant corporations on budget, resources, or technology, but when it comes to delivering user experiences… guess… who’s the boss!

It’s a carefully designed, strategically organized methodology that helps small business owners understand the market inside out, create a competitive advantage, and develop unmatched – innovative products that consumers can’t enjoy and recommend enough.

STAY TUNED!

Overview & Invitation

........................

DAILY BREAKING NEWS - Marketing, Business, Economy, Multimedia + Last video commentary + Latest Additions + The "7 Ideals" Methodology NEWS & UPDATES

WealthyAffiliate - Why Does Everyone Want to be an Influencer? (most make no money) VIDEO:

I know we tend to look up to those that we view as public figures, and that is the case with influencers now on social media. There is a problem though. We perceive these folks through a much different lens than who they actually are, and we also perceive these folks with "followings" to be much more successful than they are.

SquadHelp: World's #1 Naming Platform - Domain names ideas generator + Business name generator + Industry name ideas + Trademark checker + Branding blog + Startup toolkit + Contests + Huge collections of brandable names + Resources, tools, and creatives, and so much more OVERVIEW

Online Marketplaces: Latest Additions

  • Restock.gr: Dairy & Cheese, Fruits vegetables, Meat, Fish Seafood, Delicatessen, Pasta & Deli, Grocery
    Cellar, Nuts & Dried fruits, Personal hygiene & Cosmetics, Cleaners, Stationery & Home Goods, Disposable items, Space equipment, Tools & Crafts

........................

Some of those advertisements are sponsored. For more information, I refer you to the Disclaimer page

A family company is a business enterprise involving family members. A family business may involve several potential combinations, such as parents and children, husbands and spouses, multiple generations, and extended families as board members, stockholders, advisors, and employees.

There are many business advantages linked to working with your loved ones, people that you have known for a very long time, or your entire life in some cases. 

Family-owned companies are desirable, in principle, since collaborating with family members is intended to form a sound and loyal basis for the business.

You’re expected to meet the people and be happy to work with them everyday-these is your family business partners.

Make sure you talk early and often about the responsibilities, investments, and aspirations of everyone in the business. It’s even easier if you draw up partnership contracts that set out the essence of the business arrangement in plain legal terms, to make sure that family and business even when combined, will both work with a different set of rules.

If you have the chance to start a company with family members you need to think long about all the benefits of having such ties with your family members and weigh all the pros and cons about that decision.

Also, have in mind that problems may arise, as with any business. In this case, though, problems in family-owned businesses may end up tragically.

Once you have made up your mind to start a company with family members, including a partner, and you have planned out for the project your family can work on, and everyone is ready and agreed you can go ahead and start thinking about creating an app.

Why developing an app?

Apps are very popular and people spend much of their time enjoying games, getting educated, entertained, or even for business purposes. 

According to MobiLoud, people spent 90% of their mobile time using apps in 2019.

Nowadays, there are apps for everything we can imagine of.

DotNek highlights that the Google play store has 2.7M apps for Android users and the Apple store has 1.85M apps for iOS (August 2020).

The following guide should help improve your chances of developing a profitable app.

How To Create A Profitable App

As A Family Business

app development chatbot

Market Insights/Best Practices

An app developer will tell you that you need to educate yourself about application development best practices to give your app the best chance in the marketplace.

You also need to learn as much as you can about the audience you’re trying to reach with your app. You nor your family will want to devote much time to this project if it doesn’t have a shot at success, so try to find out everything you can about the demographics and psychographics you’re going for.

Figure out how your app will be used and how you’ll reach your audience. Every detail matters, so get this part done before you start.

Come Up With a Great Idea

The first thing you and your family need to do once you listened to your audience, is come up with a good idea.

There are many apps out there, so try to narrow down your ideas to a niche. You want something with the least amount of competition.

Try to dedicate a significant amount of time to this step before you move on. Brainstorm as many ideas as you can and then start excluding those that don’t look promising.

You should also find out if other folks have thought of your idea, and if so, find out more about these companies.

What are they doing right? Are there gaps your app could fill? Consider all of this before moving on to the next step.

App Funding And Management

Creating a successful app is going to take a significant investment. Since you’ve got your family helping you, start discussing your budget.

There are several ways you can fund this project. You guys can do it together if you all have enough money, but you could also seek investors.

If you come up with an impressive app idea that you can present to potential investors, you might get funding that way. Find out how much everyone will spend on the entire project to know how much you need to make this happen.

%

How much of their mobile time people spent using apps in 2019

Figure Out Your Business Model Early

You need to figure out your business model as early as possible. Once you’ve got a good grasp on that, you can weave that into the app effectively.

Monetizing an app can be done in many ways; some app developers add an in-app purchase option. This model offers basic app functions for free in hopes that people will purchase add ons later on.

Others just charge a one-time purchase fee before people even download the app.

Regular ads can be used as well, so choose your methods wisely.

Create a Good Maintenance Plan

Users abandon apps all the time, so be sure you create an app that is fascinating, interesting, easy to use, runs fast, and keeps up with the latest technology trends and standards.

To achieve this goal, you need to develop a good maintenance plan that’ll help you make updates when the time is right.

What you want to do is use customer-driven data to get this right.

Let your audience tell you what bugs they want to be fixed. Try to analyze how your audience uses the app so that you figure out how to improve the app.

This will be an ongoing project, so make sure you and your family are ready for this kind of investment.

Apps in Google Play Store

Apps in Apple Store

Pay Close Attention to the Security of the App

The next thing you want to worry about is security. The app you’re developing is meant to store all sorts of personal data.

Customers are willing to invest time in using the app and they take security for granted because they think you’ve taken the proper precautions.

Don’t make the mistake of skimping on security. If you make a mistake here, your app’s credibility will get hurt.

You are going to need proper data encryption and user session authorization. You will probably also need certificate pinning and token validation.

Talk to an app security specialist to see if there’s anything you’re missing.

200+

Business & Marketing Tools Collection

Work management, tracking, organizing, payments, accounting, Google, keyword, market, and competition research, SEO, analytics, and related, marketing & advertising, web development, website monitoring, domains & website hosting, coding, and related, design & multimedia, marketplaces, entrepreneurial communities, hiring & outsourcing.

200+ business and marketing tools collection banner 666px

Final Thoughts

Developing an app is not a one-night project. It takes time, energy, resources, devotion, and money. 

Perform research, try to find gaps in the highly competitive marketplace, listen to your audience, discuss with them before you develop anything so you can come up with ideas, and trust yourself and your family members. 

You’re in this together. 

Think of it as a long-term project that needs your dedication, so take care of security, maintenance, and ongoing improvements and updates and you’ll be able to monetize it in various ways once you have people using it.

Hopefully, these steps make it easier for you and your family to get started on the right path and create an app that makes you and your users happy.

Stephanie Caroline Snyder

Stephanie Caroline Snyder

Author, Freelance Writer, Blogger

Stephanie Caroline Snyder graduated from The University of Florida in 2018; she majored in Communications with a minor in mass media. Currently, she is an Author and a Freelance Internet Writer, and a Blogger. To know about application development best practices Stephanie recommends Buildfire.

6-figure side hustles documentary by revealed films
the future belongs to small businesses challenge
6-figure Side Hustles - AI Free Report Cover
marketing publishing mastery private training workshops featured banner
Roober-May 2023-250x250
wealthy-affiliate
Divi WordPress Theme

Archives

Find a domain starting at $0.88

powered by Namecheap

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Newsletter

Marketing, Business, Economy, Multimedia

Get access to marketing and business training, sales secrets and personal stories from the entrepreneurial world, downloads, exclusive discounts and bonuses, and the newsletter to scale your business

I’m celebrating the release of the “7 Ideals” methodology, be part of the movement!

The “7 Ideals” Methodology Beta Group & CONTEST

There’s a contest as the time for the opening has almost come. Submit your product/service for review and get the chance to win a phenomenal prize. The winner gets free access to the whole methodology – not just access to the beta group. DETAILS SOON 🙂

Only 1 brand will be rewarded

Read More

Latest Posts

the future belongs to small businesses challenge

REAL CHALLENGE

 

A week-long event to help you navigate through these tough economic times and become competent in an ever-changing marketplace by understanding and elaborating on your unique advantages as a small business or startup.

 

FREE to participate but there are certain criteria in order to qualify for the final stage of the event. Right now, we are in the preliminary phase. 

3 WINNERS get access to the "7 IDEALS" methodology

You have Successfully Subscribed!

Pin It on Pinterest

Share This