Building Mobile Apps To Generate Passive Income
According to Statista number of smartphone users worldwide is 6.25 billion, which is more than 80 percent of the global population. The number is expected to grow and become 7.29 billion in 2025. So, you can see a lot of people use smartphones and the number of smartphone users is expected to grow even bigger in the future. This has created a possibility for making money from smartphone-based programs like mobile apps.
You can create different sorts of mobile apps, a basic screen saver or wallpaper app, a multivendor eCommerce platform, a simple motivational quote app, or a multi-user ride-sharing app. The possibilities are unlimited.
If you don’t know how to code, you can hire someone to build an app for you. On Fiverr, you can find someone to build Android and iOS app for $100-$200. You can even use a no-code app development platform to create mobile apps, these tools have drag and drop features to make app building very easy.
How to Build App to Make Money
How to Build an App?
Generally speaking, there are three ways to build your app,
Do It Yourself: If you know programming languages like Java, Kotlin, Swift, flutter, firebase, etc. you can build apps.
No-Code App Development: If you don’t know programming languages, you can use a no-code app development platform to build apps. These programs will allow you to create apps without any skills, you can either convert an existing website into an app or use the drag and drop feature to create apps.
Hire a Programmer: If you don’t know how to do it yourself and do not want to use a no-code app development platform, you can hire a programmer to build apps. Depending on the kind of app you want to develop you might have to spend $100-$300 on average.
How to Make Money From App?
There are numerous methods to make money from your app
Sell apps: You can sell your apps and make money.
Paid apps: You can charge fees (one-time or subscription-based charges) for using your app.
Sell products: You can sell products from your apps
Sell services: You can sell services through your app
Advertisement: You can run ads on your app and make money from ads.
The easiest way to make money is by offering an app for free and running ads to make money.
How to Build a Simple App Without Coding Skills
If you don’t know app development languages like Java, flutter, firebase, etc. you have two options to create your own app, one, by hiring a mobile app developer, and two, by using a no-code app development tool.
Let’s say you have an idea for an app, your idea is: Daily Money Quotes For Your Financial Success
You want your app to send business, finance, investment, money, and wealth-related quotes as push notifications daily to the users in plain text notification as well as on the app page.
You want the app to function only with an active internet connection, and allow the users to share the quote via email or social sites, or add it to the favorite list in the app itself.
Now, how do you build your app? The easiest solution is Bubble. It is a no-code app development platform that will help you build your app in 1-2 hours. Bubble.io has a drag and drop feature, you can add texts, graphics, and other elements to your app. You even get a free plan, so practically you don’t have to spend money.
Generating Passive Income Through No-Code App Development
Mobile apps are becoming one of the best ways to generate money, however, in order to develop an app, you need to become a developer and it might take years to learn the skills. What if there was a tool that allowed creating apps with just a few clicks, something like a website builder? This is where No Code App Development comes in place. You need to write code to develop an app, but No Code App Development allows you to create an app with the existing software, there is no need to write a single line of code.
You can build software that people will use to develop mobile apps. You can use this software to generate passive income for you. People who want to develop apps but do not have coding skills will use this program and they will pay the subscription fees. You will generate passive revenue from your No-Code App Development as long s people are using it. People will continue to use your program if you have created a really useful program.
I am zero knowledge when it comes to coding but this gives an idea.. you are right we are now in a generation where most people use mobile..if one is interested they just have to find their market and their pain points.