A week ago, I announced that a new iPhone app my friend and I created was finally approved and on sale in iTunes. I’m sure you’re probably interested in knowing how it’s doing so far.
After just one week in the app store, Baby Maker has done really well for us. To give you something to compare it to, I’ll share some numbers from our first application, iPopit!
As I said before, iPopit! didn’t do as well as we had hoped. In 2 whole months, it has earned us about $395.73. We put out a “lite” version with advertisements that has earned us $547.06, for a total of $942.79 – an average of about $15.71 per day.
Baby Maker, which has been out for only a week now, has earned us a total of $1287.70 - an average of about $184.00 per day. (All of these numbers have already taken into account Apple’s commission of 30%). Now we’re getting somewhere!
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My wife and I are looking to purchase a home. Ideally, with an $8000 tax credit for first-time home buyers (which for now expires on December 1st), our lease on our apartment ending in December, and a baby due in January, we’re hoping to have a decent starter home in San Diego by the end of this year. I get pretty giddy when I think about it.
Unfortunately, from what I understand so far, being self-employed makes it a little more difficult.
What I quickly learned while trying to get pre-approved for a loan is that if you’re self-employed, most loan officers and banks will not even speak with you if you have not been self-employed for at least 2 years. 2 years! Of course, it wasn’t always this way, and there were programs to help the self-employed with getting a loan much easier before, but since the economy has been the way it is, those programs have since halted.
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I started writing on eHow.com in November of 2008, a little over 7 months ago (wow, time flies). I went hardcore for the first month, writing a total of exactly 150 articles, and I just stopped. I planned on writing more as the months went by, but I had a lot of other projects going on, as you already know. So, I just let the articles sit.
I have continued to earn money via my 150 articles each month since November. I’ve even made an effort to include these earnings on my monthly reports, but they seem to get overlooked by the larger earnings from my eBook and Audio Guide. I’d like to highlight just my earnings from eHow from the last 7 months here for you (especially you eHow writers), just to show you what happened. I think it’s pretty interesting data.
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So our first iPhone app, iPopit! was not a flop – but we don’t really consider it a success either.
Although our company, LOLer Apps, met it’s original goal of being able to outsource an entire iPhone application and sell it in iTunes (which was definitely NOT easy), our sales haven’t been as good as we had hoped. To give you an idea, iPopit! has been on sale for about 50 days, and we’ve sold exactly 500 units, grossing us a total of $319.41 (after apple’s cut).
We did put out a free, “lite” version that has limited features and advertisements on it, hoping to get people excited about it and buy the full version. Surprisingly, over 23,000 people downloaded it, and we’ve grossed $446.48, just from the advertisements (from Admobs, which kind of works like Google Adsense for mobile applications).
It’s kind of sad to think that our little “lite” version has earned us more than our full version. But, we’ve grossed $765.89 in less than 2 months, which isn’t bad at all. We’re still in the red with this application, because we did spend about $3000.00 to outsource it’s development. We’re not giving up on the iPhone just yet…
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I’m pretty busy this weekend because of a Baby Shower (not mine…yet), and Father’s Day on Sunday, but I was just curious to see how many of you are grabbing the new iPhone 3G S released just yesterday by Apple.
I have an iPhone 3G, not not a 3G S, and was wondering if you did in fact buy one, how it was working out for you. If you upgraded, was it worth it?
I know I could write mine off as a business expense, especially because I’m in the iPhone app business – but I don’t just want to buy it because it’s the latest thing from Apple.
Your thoughts?
Have a wonderful weekend everyone, and Happy Father’s Day to whoever is a Father in your life, including you (and including me! in 7 months!)
One of my favorite blogs to read is Darren Rowse’s Problogger.net. I envy him not only because he’s one of the top bloggers in the world, because he has over 100k RSS readers, because he’s published several blogging books, and because he has a cool Australian accent, but also because lately he’s had some really helpful information on his blog that I’d like to bring to your attention.
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Yesterday, I received an email in my inbox from an SPI reader asking for some help. He said it was cool if I posted our conversation on the blog for others to read, but he wanted to remain anonymous for some reason. I respect his request, so for this post – let’s just call him Joe.
(I’ve condensed and edited the conversation below to get the point across)
Joe: Pat, I need some help. I’ve been a blogger for a couple of years now. I’m a fantastic writer and I believe I have premium content on my blog, but for some reason I’m only making a few dollars a month from my advertisements. I see that just your Adsense Advertisements alone on your monthly reports pull in upwards of $2000 and more. What am I doing wrong? Why Can’t I Make Good Money Online? Any advice? Please be honest. I want to succeed.
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Lately, I’ve posted a lot of “personal” stuff on this blog. I think it’s time to get back into business. Don’t worry though, you’ll see more about our new baby later on and how that will affect our goals and what I’m doing online to meet those goals.
A long time ago, I had a poll which asked: What’s the #1 Thing Holding You Back From Making Big Money Online? Again, here are the results:
The most popular answer: an idea (at 37.5%!)
That’s definitely a stopper. Without an idea, you can’t really do much else. My goal with this post is to give you a thought process you can use so YOU can find that idea. The thought process comes with three simple questions that you should ask yourself. Let’s go through them one-by-one.
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I’m happy to announce that my wife and I just found out we’re going to have a baby!
Lots of feelings and thoughts are going through my head. Joy (woohoo!), curiosity (boy or girl, what will he or she look like?), scared (I’ve never really held a baby before…), anxious (we have a lot of stuff to take care of before it’s born).
This makes everything I’m doing online that much more important. I want to make sure I’m still able to work from home so I can watch our baby grow up and be there for every special moment, and I want to make sure I am always able to provide for my family too.
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