My Passive Income Report July 2012 – 1938.08

Hello everyone this is my income report for July 2012. 

This month I have been running into issue with both Apple and Amazon allowing my new apps to be published.  I expect it will take me a few weeks to refactor my code and put in some new features to get them accepted.  Even with those two issue I was able to add three apps to Google Play and ten to Windows Marketplace.  Below is the break down from each of the apps stores, So you can see how it breaks outs.   Thanks for checking it this out and be sure to check out the rest of my site to get the tools I use to create my passive income stream.

Apple App Store  –  1467.63

Google Play – 167.86

Amazon App Store – 279.45

Windows Marketplace – 23.12

For a total of 1938.08

Mike

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How I discovered my app niche

With the success of the mobile app marketplace people from all over the world are creating new and exciting apps.  With so many apps being created everyday, I asked myself, How could I make money when there are people far smarter than me.  This question took me several months to answer, and was actually answered while sitting in a meeting at work.  I was in a meeting and one of my co workers said something that was a little stupid.  My boss commented he wished he had an app that he could press a button and a buzzer would sound or something else show it was a stupid idea.  Thats when a light bulb when off in my head.  I could make these apps and sell them to people and make money.

Where to start?

I first needed to figure out what platform I was going to write my code in.  I choose iOS and needed to so research on how to get started.

I needed to sign up for a Apple Developers Program ( $99)

Needed to purchase a Mac ( I choose a Mac Mini $599)

Next I had to figure out how to code ( These books help me get started)

I have an Idea and everything I need, Now what?

Next I needed to find a website where I could buy sounds.  I found Soundboard.Com this place has tons of sounds for free and for purchase. As you look through all the sounds I began to think,”Should I make one big app or many small apps? Should it be free  and use ads or charge for it? ”  At the end of the day I decided to go with singular soundboards costing 99 cents.  The reason I did this originally was one people are only looking for a certain type of sound and having more would require them to search the app. Second I chose 99 cents because once it is purchased I get my share.  I don’t have to worry about people clicking my ads to get paid.  Third it opens up a lot more keywords.

Through my experience people who do have killer apps make a ton of money, however if someone really takes a hold of a niche market, such as I did they also make a pretty nice Passive Income from all of their apps.

In my next post I will be going my June profits as I will be getting paid this coming week.

Cheers

Mike

My Apps Page Just Posted

Hey Everyone, Hope all is well.   Tonight I posted a page on my site called “My Apps”  The purpose of this page is to show you all the apps I have created and allows you to take them for a spin.  As you will see many of my apps are niche soundboards.  So far since 2010 when I figure out my niche I have made around $20,000 a year on them. You may think well that’s not a lot of money is it?  Your right it isn’t but it is PASSIVE INCOME. I built each one of these apps once and they will continue forever to make me money.  The figure I mentioned above is only for iOS apps also.  As I add the links for other marketplaces I will explain my income on those as well. Another place to see my passive income will be my monthly summaries I will be posting that the first week of every month for the past month.   Again take a look at my apps and play with them.  My next posting will focus on how to find a niche for apps in any marketplace.

Until then, Take Care

Mike

Business Registered – Now getting your Mac Setup

Before You Start…

Do I have to own a Mac in order to develop for iOS?


Does it cost me money to develop iOS applications?


  • The iOS Developer Program costs 99$/year. It lets you have the development environment , and the ability to install your apps on up to 100 personal device, and deploying them to the App Store.

Thanks again for taking the time out and reading my post.  I am still working on getting all the info up on my page so please bear with me. Once I get all my pages up. I will start talk about my apps and how I market them as well as what else I am currently working on and planning.

Like I said before if you don’t have your own business started yet, check out Resources For Success page and start a LLC.  It will save you a ton of money in the long run trust me.

Until Next Time

 

Cheers

Mike

 

 

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