{"id":4722,"date":"2023-11-22T06:29:45","date_gmt":"2023-11-22T06:29:45","guid":{"rendered":"https:\/\/www.elegantmedia.com.au\/blog\/?p=4722"},"modified":"2023-12-07T09:09:19","modified_gmt":"2023-12-07T09:09:19","slug":"3-ways-of-turning-your-app-idea-into-a-business","status":"publish","type":"post","link":"https:\/\/www.elegantmedia.com.au\/blog\/3-ways-of-turning-your-app-idea-into-a-business\/","title":{"rendered":"3 Ways of Turning your App Idea into a $10,000\/month Business"},"content":{"rendered":"

Can you develop your own mobile App and generate $10,000\/Month from it?<\/strong><\/h2>\n

There are thousands of Australians doing exactly that. But going from having a mobile App idea to earning a substantial monthly income from a Mobile App business is laden with pitfalls.<\/p>\n

After interviewing hundreds of successful Australian App business owners who are earning between $10,000\/month to $20,000\/month from their Apps, we have identified three main steps which can ensure that your App idea too can turn into a profitable income stream.<\/p>\n

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App Development Cost Calculator<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

1. Strategic Market Research: Unveiling the Goldmine<\/strong><\/h2>\n\n\n\n

An App idea that will be loved by everyone, is unlikely to be used by anyone. <\/p>\n\n\n\n

In today\u2019s crowded App landscape, trying to build a replica of Uber or Tinder is destined for failure. The smart move would be to focus on developing a mobile App around a niche idea targeting and appealing to a select audience. <\/p>\n\n\n\n

Often, some of the most simple niche App ideas<\/strong> can lead to concepts that can lay the foundation for your Multi-Million Dollar App business!<\/p>\n\n\n\n

Here are a few niche Apps<\/strong> that are making millions; get inspired and brainstorm your own niche App idea. <\/p>\n\n\n\n

Untappd <\/strong>– Launched in 2010,<\/strong> Untappd is a niche mobile App that targets craft beer enthusiasts<\/strong>. This niche idea has grown into the world\u2019s largest digital platform for craft beer, with a turnover of $13 million<\/strong> in 2022.<\/p>\n\n\n\n

Be My Eyes –<\/strong> is a niche mobile App that<\/strong> helps blind and visually impaired people<\/strong> to recognise objects and cope with everyday situations. Launched in 2015, this App connects users with an online community of sighted volunteers with visually impaired people. The App has an estimated annual revenue of $37 million.<\/strong>  <\/p>\n\n\n\n

Spending time crafting your niche mobile App idea will firmly set you on the path to unearthing a potential financial goldmine and generating a profitable passive income.<\/p>\n\n\n\n

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Let\u2019s Monetise your Niche App Idea!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

2. Prototype Testing and User Feedback: Refining the Diamond in the Rough<\/strong><\/h2>\n\n\n\n
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Launching a fully functional App is not always the best approach. Most ideas benefit from launching a Prototype first.  <\/p>\n\n\n\n

A prototype or an MVP<\/strong>, is a minimum viable product that showcases the functioning and design of the App without it being a fully functioning App. <\/p>\n\n\n\n

Here are some benefits of developing a Prototype<\/strong> of your App:<\/p>\n\n\n\n