This Is How You Can Earn Passive Income With Apps

Mobile apps have been around for over a decade at this point, and we haven’t even scratched the surface of what’s possible yet.

There have been billions upon billions of dollars made, and the spread isn’t all for the big companies.  There are plenty of “little guys” and “mom & pop’s” companies out there earning a serious living with apps.

Hell, some of the biggest companies around right now started as apps!

With all the success we’ve seen with apps, there are still plenty of millionaires to be made…

For most people, it’s not something that goes from launch to a million bucks in a day or two… First you have to build the app, then you have to scale it.

But it’s doable, and it doesn’t have to take long at all.

It all starts with building just one app.  It can be for any platform you wish, or all platforms, but it’s just one app with one name and one purpose.

That’s it.

From there, you take your app, and you monetize it.

There are a ton of ways to make money with your app, and I’m not going to get into extreme detail over each one of them, but here are a few of the most straight forward and simple ways to build up a steady cashflow with your app:

1. Sell a subscription:  You can have a small free version of your app, but the best part of it is unlocked for a few bucks a month.  This is the beauty behind apps like Headspace.
   
2. Show some ads:  You have an app, like a game, that people spend a lot of time on — so you can put some ads in there to make some money while they enjoy your creation.
   
3. Sell a premium version:  You can have a free, or low cost app, but keep some extra incredible features available for an extra purchase.  This is like the “remove ads” feature in any “Pro” version of any app, ever.
   
4. Sell your data:  You can collect anonymous data from your app and it’s users and sell it to people that need it to run their business.  Keep it privacy compliant, and you can enjoy a revenue model that doesn’t show ads to your users.

For the most part, once an app is built, you’re done.  Maybe you’ll have a few updates here or there, but you can effectively just leave it in the store to get more downloads and take in more revenue.  It’s just like a website, only you can do much, much more.

And like websites were in the 90’s, it’s an incredibly scalable business model.

You can spend a week or two to build an app that eventually goes on to earn you $10,000 per month.  That will definitely take some work to do, but there are thousands upon thousands of people doing it today, so it’s certainly possible.

But here’s where the fun starts….

You can take what you learned with your first app, and apply it to your next app. 

What originally took you a week to build, can now be reduced to say, three days or so.  Possibly even a single day, depending on how similar the apps are.

With app #2, you’re able to scale it to $8,000 / month with the same effort and tactics used to scale app #1.

Think about that for a moment:  You spend barely over a week building two apps, did the exact same thing to scale your second app which means it probably went a lot faster, and almost doubled your revenue for less than half the work.

What happens when you add in a third app?  Or a fourth?

The math checks out… This is the power of scale at your fingertips.

This is how app empires are built.  Simple apps doing between $1,000 and $50,000 a month, replicated time and time again until you get bored and have to find something else to fill your time.

As long as you know how to build that first app, you can keep scaling your successes endlessly.

It doesn’t matter if you’re working full time right now.  Seriously, I don’t care if you’re in a cramped cubicle with your boss and his awful coffee breath breathing down your neck as you read this — This is something that can be done as a side-hustle until you’re comfortable flipping him off as you walk out the door for the last time.

It’s something that can be done by anyone at any age, even if they don’t know the first thing about tech!

You just have to want it.  Then, you have to build something.  Then you have to get it earning some money.  Rinse and repeat it until you can finally buy your freedom.