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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What Is The Right App Publisher Mindset?

When you publish apps, there are a lot of small things you need to accomplish on a daily basis.

They include:

  • Communication with designers
  • Communication with developers
  • Submitting apps
  • Deciding on app updates
  • Deciding on new apps
  • Etc. etc.

These tasks are of repetitive nature and, therefore, appreneurs wear tired of them after a while.

To avoid the boredom, which will inevitably lead to decreased productivity, follow this piece of advice:

Put your mind on higher goal when doing mundane app tasks:

  1. Revenue increase resulting from the tasks
  2. One step towards less work in future as more apps will be earning revenue for you
  3. Sense of accomplishment once you notify your network when the app is in the App Store

That is, while doing the mundane tasks, you actually think about the 3 things above. This will put your mind into a positive state resulting in a constantly high productivity.

To Your Success!

Vlad

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

If you’d like to learn more about starting and growing your app business, I’m writing a book to teach you exactly that. All email subscribers will get a 50% discount when the book is released.

Do Not Pull Information. Rather, Get It Pushed To You. Save Time.

The biggest distraction in your app business probably stems from checking your stats.

You check:

  • daily App Store Rankings in different countries
  • daily earnings from app sales
  • daily app downloads
  • daily earnings from ad sales on Chartboost
  • daily earnings from ad sales on RevMob
  • daily top overall apps
  • daily top grossing apps in your categories
  • daily top free apps in your categories
  • daily top paid apps in your categories
  • daily relevant blogs
  • etc. etc.

Overall it takes you 1-2 hours daily and this time can easily be halved!

Here are the rules of thumb to increase your free time:

1. Have as much information as possible emailed to you daily! Most sites where you check the stats let you set up daily email.


2. Once received, open only those email where you cannot grasp the content from email preview!

To Your Success!

Vlad

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

If you’d like to learn more about growing your app business, I’m writing a book to teach you exactly that. All email subscribers will get a 50% discount when the book is released.

Related articles

What Is The Meaning of Speed In App Project?

Speed is everything in business. And it is even more so in the app business.

Every day your app project is delayed, it misses a day’s revenue in App Store.

That is, your goal must be to get the app into the App Store as fast as possible. Time to market is key, so to speak.

Consider the following situation: you can either do some work yourself, which will take a week, or get it done by somebody in 1 day.

What shall you choose?

Based on the price you pay and the reliability of the contractor, you can make a decision.

For instance, you pay the contractor $50 and get your app into the App Store 6 days earlier than if you did the work yourself.

6 days in App Store may definitely bring in more than $50.

Thus, you are going to:

  • make more than you pay the contractor within a week – money profit
  • get free 6 days of your time for other work – time profit

That is, follow the rule of thumb: outsource everything you can, if it can be profitable!

To Your Success!

Vlad

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What Is The Most Profitable Way To Release A Free And Paid App Pair?

When you release an App Pair, that is a Free App with Ads and the same Paid App without Ads, there is a certain strategy to maximize your ROI on launch.

Here it is:

  1. Get both Apps, Free and Paid, approved by Apple but do not release them.
  2. Schedule the Free App Release for Next Saturday.
  3. Schedule the Free App Release for Next Sunday.

Saturdays and Sundays are days with most app downloads around the world. With this strategy, you will get great exposure on both days!

To Your Success!

Vlad

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

How to maximize your ROIs with app reskins?

How To Maximize Your ROI With App Reskins?

When you buy source code for reskin, you justify the investment by creating and publishing many app reskins or games based on that code.

How do you decide which app reskins to create though?

To maximize your long-term ROI, follow these 3 rules of thumb:

  • Choose themes and characters popular in App Store but avoid one-time hits like current pop stars (e.g. choose a generic monster character app over a Lady Gaga app)
  • Choose themes and characters to publish your App Reskins in different App Store categories (e.g. choose a monster and a farm theme over 2 different monster themes)
  • Choose themes and characters to attract big advertisers (e.g. choose a Candy Crush Saga-like gameplay over another gameplay less known in App Store)

To Your Success!

Vlad

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

How To Make A Living With App Reskinning? Learn About The Cash Flow!

Photo 11.09.13 08 07 32 (1)

How to make a living with apps?

If you reskin Apps, there is a certain dynamic in time and pricing for each reskin project you undertake. Here is the rule of thumb:

The more reskins you order at once, the lower the price for each reskin will be. 

That is, if your order 1 reskin of 1 app, it may cost you $600. But if you order 5 reskins of the same app, each reskin may cost you $400. However:

The more app reskins your order at once, the higher is the financial risk you take. 

This is because, you will have to pay your development team before the apps are accepted into the App Store, start generating revenue and that revenue is finally accumulated and paid out to you by Apple and Ad Networks.

Therefore, here is another rule of thumb:

Start with just 1 reskin project. Once it is successful, increate the number of reskins you do per month according to the revenue or, possibly, the profit you make per month. 

To Your Success!

Vlad

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