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MenuWhere can you I go to buy inexpensive mobile apps?
I'm looking to spend less than $5,000
Answers
If you're just working on an MVP you can use a freelancer sight like Upwork, but you have to be careful in your hiring.
1) Post a job stating everyone that applies should give you their github / bitbucket username and Trello username.
2) For the top 5 most promising people to apply, give them a simple task which should take about 30 - 60 min for a decent developer to do (e.g. implement this screen with these one or two actions).
3) Pick the developer that actually delivers exactly what you asked for the fastest, and in the most professional manner (not asking a million questions, etc.).
To assign and track this and subsequent tasks use a Trello board with three columns:
To Do
Doing
Done
Ask the developer(s) to update the Trello cards in real time so you can keep track of what they're working on and for how long.
If you'd like any more specific advice in relation to your specific app idea let me know,
best,
Lee
I acquired my first monetized app from the original developer in October last year.
There are a ton of app and website brokerages out there, with a wide range of quality available - be prepared to kiss a lot of frogs before you find your Prince Charming!
I originally purchased my app business through Empire Flippers (empireflippers.com), and couldn't have been happier with their process and quality, but they've been gradually upping their minimum asking price for listings - I think they currently stand at ~$25k right now. Flippa.com is probably the biggest and best-known brokerage out there - I've used them several times from the sellers' side. They have tons of apps for sale at ~$5k (and lower), but tread carefully and do your due diligence: there are tons of scam and copycat apps out there by sellers who intend to take your money and leave you with a lemon. QuietLight and FE International are also fairly well-known website/app brokerages, although I can't comment as to the quality of their listings, not having personal experience with them.
You can also approach it the other way, by searching for the kind of apps you want to acquire, and contacting the developers directly to ask them whether they'd consider selling.
Hope that helps, and congrats in advance, the journey you're about to embark on is a really exciting, educational (and humbling) experience! =) I love talking about this stuff, and am happy to answer more questions, so feel free to set up a call, if you're interested. ~Jason
I believe that you must be ready to spend more than $5000. The rapidly changing business environment and technological innovation changed the way we were doing business. You will not find any business that is not looking for a mobile application to reach out to their customers. We all clearly understand and accept the fact that the use of smart mobile phones and the Internet has flourished in the past 6 to 10 years, and in the phase of continued growth. Regardless of the size of any company, you need to have a mobile application. Business leaders always try a plethora of ways to reduce the cost of developing a mobile application, without compromising the overall quality of the application. The cost of developing a mobile application majorly depends on several factors, such as features, platform, and specific users.
Clutch is one of the top platforms and most frequently mentioned in search engine result pages for software and mobile app development. This platform provides you with a piece of detailed information about minimal project sizes, hourly rates, and the profiles and portfolios of top IT companies, as well as providing its own company ranking system.
The matrix data of leaders:
a. The Mode for the developer’s cost per hour: $150-$199.
b. The median for the fees of the top 10 developers: $120-$150.
c. The average project estimation starts from $25K.
d. The companies with higher prices generally have higher minimal project volume.
e. Top mobile app developers are concentrated in India, NY, LA, and London.
The average cost of developing an app is around $ 171,450 (an average of $ 150 an hour), which represents around 1,143 development hours. Also, the total price of the application can go up to $ 727,500 if any complex functions are implemented in the mobile app.
The average minimum mobile app development project is between $ 5,000 to $ 10,000. Also, the typical cost of building a mobile app is likely to be much higher.
The average cost of creating a mobile app for the enterprises is around $ 140,000 (VDC Research)
Available app cost calculators indicate a price range of around $ 267,000 to $ 360,000 for complex and multi-feature mobile apps.
Regarding the mobile application development timeline: it generally takes above 80% of application development for 3+ months; 40% of mobile applications created in 6+ months.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
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Business partner I want to bring on will invest more money than me, but will be less involved in operations, how do I split the company?
Cash money should be treated separately than sweat equity. There are practical reasons for this namely that sweat equity should always be granted in conjunction with a vesting agreement (standard in tech is 4 year but in other sectors, 3 is often the standard) but that cash money should not be subjected to vesting. Typically, if you're at the idea stage, the valuation of the actual cash going in (again for software) is anywhere between $300,000 and $1m (pre-money). If you're operating in any other type of industry, valuations would be much lower at the earliest stage. The best way to calculate sweat equity (in my experience) is to use this calculator as a guide: http://foundrs.com/. If you message me privately (via Clarity) with some more info on what the business is, I can tell you whether I would be helpful to you in a call.TW
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For every success story in Silicon Valley, how many are there that fail?
It all depends on what one decides to be a definition of a "success story." For some entrepreneurs, it might be getting acqui-hired, for some -- a $10M exit, for some -- a $200M exit, and for others -- an IPO. Based on the numbers I have anecdotally heard in conversations over the last decade or so, VCs fund about 1 in 350 ventures they see, and of all of these funded ventures, only about 1 in 10 become really successful (i.e. have a big exit or a successful IPO.) So you are looking at a 1 in 3500 chance of eventual venture success among all of the companies that try to get VC funding. (To put this number in perspective, US VCs invest in about 3000-3500 companies every year.) In addition, there might be a few others (say, maybe another 1-2 in every 10 companies that get VC investments) that get "decent" exits along the way, and hence could be categorized as somewhat successful depending on, again, how one chooses to define what qualifies as a "success story." Finally, there might also be companies that may never need or get around to seeking VC funding. One can, of course, find holes in the simplifying assumptions I have made here, but it doesn't really matter if that number instead is 1 in 1000 or 1 in 10000. The basic point being made here is just that the odds are heavily stacked against new ventures being successful. But that's also one of the distinguishing characteristics of entrepreneurs -- to go ahead and try to bring their idea to life despite the heavy odds. Sources of some of the numbers: http://www.nvca.org/ http://en.wikipedia.org/wiki/Ven... https://www.pwcmoneytree.com/MTP... http://paulgraham.com/future.html Here are others' calculations of the odds that lead to a similar conclusion: 1.Dear Entrepreneurs: Here's How Bad Your Odds Of Success Are http://www.businessinsider.com/startup-odds-of-success-2013-5 2.Why 99.997% Of Entrepreneurs May Want To Postpone Or Avoid VC -- Even If You Can Get It http://www.forbes.com/sites/dileeprao/2013/07/29/why-99-997-of-entrepreneurs-may-want-to-postpone-or-avoid-vc-even-if-you-can-get-it/MB
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