Start-up to profitability within 2 years.
Zero to $84,000/month.
Are they geniuses? Nope.
They must have a lot of venture capital funding, then. Nada.
So how did they do it? Read on.
FreeTheApps – Zero to $84,000/Month in 1½ years.
FreeTheApps outsourced their first app for $1,800 and made about $100,000 from just this one app.
Mike Moon and Quoc Bui, founders of FreeTheApps, are both software engineers, but they did not create their own apps. They realized that if they did their own programming, they would just be trading time for money. Trading time for money is a job, and they did not set out to create jobs for themselves. They wanted to create a business that will generate passive income.
Over the course of 1½ years, they outsourced the development of 10 apps which brought in $84,000 per month in revenue at last count. And they were all free apps! All the revenue came from advertising.
And did I mention that Mike and Quoc launched their business during their spare time while both had full-time jobs?
FipLab – Zero to $34,000/Month in Profit
Rishi Modha & Anirudh Sharma, co-founders of FipLab, bootstrapped their way to $34,000 a month in profits. With no programming experience, they pooled together $4,000 to develop their first app. In under 2 years, they now have 20+ apps.
Instead of re-inventing the wheel, FipLab developed a strategy of targeting already successful apps by building a better version.
They repurposed one of their apps for $500 in time for the Christmas holidays. And with that $500 investment, the repurposed app generated about $40,000! Talk about leverage!
So, exactly how do FreeTheApps and FipLab do it?
Follow my blog and I will show you the strategies and tactics they used to create a very lucrative mobile apps business. I will use my own app as a case study. Follow along as you get a behind-the-scenes look at exactly how a mobile app is developed and marketed to new customers.
I will show you how you can start, grow, and sustain a profitable online mobile app business:
- With no experience
- With no programming skills
- With only a small amount of money
- In your spare time
- By using LEVERAGE!
And unlike the founders of FreeTheApps and FipLab, I will be doing this all by myself.
As Thomas Edison famously said: “genius is 1% inspiration, 99% perspiration.” You, too, can be a “genius”. I share these success stories to inspire you. But the rest is up to you.
Remember, 99% is perspiration (aka hard work). So what are you waiting for? Sign up for the AppsBlogger newsletter (see sidebar) and let’s get to work on building our passive income business!