How To Make A Profit Calculation For A Larger App Reskin Project?

When you plan a larger app reskin project consisting of 10+ app reskins, you want to calculate your profit before you start.

This can be done using the method described in an earlier blog post: How To Calculate App Profit Before You Start App Project?

However, it is also important to calculate for app reskins that may fail – that is, perform under expected revenue.

Here is the rule of thumb:

To be on the safe side calculate for 25% of planned app reskins to perform under expected revenue.

To Your Success!

Vlad

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I’m writing a book to teach you the most effective ways to start and grow a profitable app business fast. Subscribe here and get a 25% discount when the book is released.

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How To Develop An App From Scratch The Fastest Way?

To create a custom app from scratch the fastest way, follow these proven steps:

1. Decide what the app shall do based on a thorough market research.

2. Create sketches of all app screens on a piece of paper and show the user paths between the screens.

3. Hire a designer to create a simple design of the app based on the sketch. Only native UI elements shall be used.

4. Hire a developer to create the app code based on the design. This shall include ad network handling.

5. Have the developer submit the app to the App Store.

6. Have an ASO professional create metadata for the app based on a verbal app description.

To Your Success!

Vlad

If you enjoyed this article, get email updates (It’s free).

I’m writing a book to teach you the most effective ways to start and grow a profitable app business fast. Subscribe here and get a 25% discount when the book is released.

How To Effectively Manage Your Developers, Designers And Virtual Assistants?

When you run app projects, you usually hire developers, designers and virtual assistants.

  • The more people you hire, the more time you need to spend managing them.
  • The more apps you produce, the more time you need to spend managing the app projects.
  • The more features are contained in each app, the more complex the app project management is going to be.

Currently, all this management is done using spreadsheets, emails and documents.

I am thinking about creating a software solution to facilitate the app project management.

It shall enable newbies and professional app publishers to run app projects smoothly, in a standardized way.

The goal is to save time and money for app publishers caught up in a myriad of small management tasks.

If you are interested in creating an app project management software that would free up your time and save you money while enabling you to produce more apps faster, get in touch with me.

To Your Success!

Vlad

If you enjoyed this article, get email updates (It’s free).

I’m writing a book to teach you the most effective ways to start and grow a profitable app business fast. Subscribe here and get a 25% discount when the book is released.

How To Prepare Your App Business For A Virtual Assistant?

When you prepare to bring a Virtual Assistant (VA) on board of your app business, you need to take certain steps to:

  • bring the business to an organized state that can be understood by other people
  • prepare a small assignment to give the applicants for the VA position. This will help you quickly disqualify uncapable applicants and shortlist the capable ones
  • prepare 4-5 assignments for the VA to work on immediately once hired

Moreover, you need to think about:

  • how many hours per week (min and max) you want your VA to work for you
  • what is the way to exchange digital files with your VA? (Dropbox, Google docs etc.)
  • what overlapping time of day both you and the VA can communicate with each other?

To Your Success!

Vlad

If you enjoyed this article, get email updates (It’s free).

I’m writing a book to teach you the most effective ways to start and grow a profitable app business fast. Subscribe here and get a 25% discount when the book is released.

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How To Agree On Compensation For Developer Delays?

When you negotiate a timeline with your development team, you shall always agree on compensation for developer delays.

That is, how you will be compensated if the development team does not meet the previously agreed deadline provided you have not changed the work content. 

In this case, the compensation is fair because every day your app is not in App Store, you lose the daily revenue the app would earn if it was in App Store (as agreed). 

One way to define such a compensation is to defer the agreed payment until a later date.

For instance, you may have agreed to pay the development team once the app is ready to be submitted to the App Store. That is, after you have approved the app for submission and before the actual submission is done by the team, the team gets paid by you.

A compensation agreement for delays longer than 2 days may state that the payment will be deferred until the app has been in the App Store for 7 days.

That is, the development team gets paid only after the app has earned 7 days of revenue.

To Your Success!

Vlad

If you enjoyed this article, get email updates (It’s free).

I’m writing a book to teach you the most effective ways to start and grow a profitable app business fast. Subscribe here and get a 25% discount when the book is released.