Mobile App Development

Creating mobile applications can generate income through various monetization models including paid downloads, in-app purchases, and advertising.

Income Potential

• Free App (Ad Revenue): $50-$500+ per day with high user base

• Paid App: $100-$1000+ per day with good marketing

• Freemium/In-App Purchases: $200-$2000+ per day with engaged users

• Time to $1000/day: 12-36 months for development and user acquisition

Startup Requirements

• Capital: $5,000-$50,000+ for development

• Skills: Programming (or ability to hire developers), UI/UX design, marketing

• Tools: Development environment, analytics, app store accounts
  

Pros

• Passive income potential once established

• Global market reach

• Multiple monetization options

• Potential for viral growth

Cons

• Competitive app marketplace

• Ongoing updates required

• Platform dependency (Apple/Google)

• Marketing challenges