31–40 of 129 posts
This sounds a bit too good to be true. How many ad impressions add up to $80,000 in a month? What is that in user hours per month for 12 or so apps? I'd be fascinated to see the financial statements, I bet we never will
Here's a link to the e-book they wrote and mentioned in the interview: http://www.freetheapps.com/create-iphone-apps/ It makes sense that they seemed somewhat reserved at certain points of the interview, they don't want to give away too much and make their e-book less useful.
"We get that question a lot. It was kind of concern. So what we usually do in our first bid, in our first description we’re kind of vague. We say, ‘We’re looking for a developer for a simple photography app.’ And from all those people we’ll choose three to five that look kind of trustworthy, seem like they could do the job and then we’ll give them the wireframe bid. So we start off really vague so not everybody sees it. We’ll pick three to five people, we’ll give them the full details and then they’ll give us a more detailed proposal."
That said, they still get A+ in my books for just doing it. That's the biggest differentiator between people who find success and people who don't. Kudos.
$80k a month in ad revenue by making the following apps for $2k a pop on Elance? Record Video for Free 911 Police Radio Free! Battery Box 3-in-1 Find Sex Offenders Free! Dash of Color FREE MovieFX for Free Convert Units for Free FilterFX HDR Fisheye in 1 Fisheye for Free FilterFX for Free Flash for Free HDR for Free Convert Units Free HD I know people are saying the gold rush is over, but that is ridiculous .
It is. One of the reasons I posted this interview is that on top of doing $80k in monthly revenue, the founders are big Tim Ferriss fans and only spend an average of five hours per week on this project - one of the founders still works a full time job.
They do $80k in monthly revenue yet "one of the founders still works a full time job"
That makes no sense...
I don't know what to think about stories such as these to be honest. My inner entrepreneur says "Wow, great job guys! I wish you every success". My inner software developer winces, and fears, both professionally and personally, that the ever-growing number of such low-quality apps will eventually make it pointless for developers to invest in creating a ConvertBot or Instagram. (FWIW I currently make $15k a month from…
I don't know what to think about stories such as these to be honest. My inner entrepreneur says "Wow, great job guys! I wish you every success". My inner software developer winces, and fears, both professionally and personally, that the ever-growing number of such low-quality apps will eventually make it pointless for developers to invest in creating a ConvertBot or Instagram. (FWIW I currently make $15k a month from…
I just wanted to bring up a point about free-app/knock-off vs. paid quality app.
I would draw a parallel with the fashion industry. Louis Vuitton, for example, will never go out of business because of Chinese knock-offs. Why? because the person who buys the knock off/cheaper product is not their target customer.
Same I think is true with iPhone/iPad apps. Those users who only search for free apps and put up with disruptive ads (let alone click on those ads) are not the target audience of a premium application maker.
Where the cheaper app maker has to churn out dozens of products to make decent revenue, a single app maker who focuses on quality and sustainable business model can really build a meaningful business in the App Store.
Here's a link to the e-book they wrote and mentioned in the interview: http://www.freetheapps.com/create-iphone-apps/ It makes sense that they seemed somewhat reserved at certain points of the interview, they don't want to give away too much and make their e-book less useful.
Now I know its snake oil, this page has all the wording and techniques of a classic get rich quick scam.
It's time to stop making excuses and realize that there is so much money to be made on this here internets that the best idea is to TRY HARDER.
caveat: Yes, this may be a bit slutty. But I don't know if you noticed this Halloween - slutty is in.
After posting the interview I realized that the guy I was emailing about an interview was probably a virtual assistant. I assumed he was working in their office because he responded to my interview request so quickly. I wish I asked them about it.
they probably outsourced the entire interview