As many of you know, in addition to The Smart Passive Income brand I also have an iPhone application company, LOLer Apps. We currently have 27 applications live in iTunes right now which are passively generating a decent chunk of change each month, as outlined in my monthly income reports.

Whenever I chat with people about my various businesses, my iPhone app business is the one that intrigues them the most. Maybe it’s because it’s the “hot” thing at the moment, or maybe because it’s something that they can see doing themselves too.

I’ve written about iPhone apps before (see 5 Things You Must Know About Creating Your Own iPhone Apps), but I’d like to expand a bit on some of the money making strategies one can take when developing their own iPhone apps (or apps for any other platform too). Click to continue…

For the last couple of months (as pointed out in my latest income reports), I’ve been working vigorously on creating new iPhone apps. We currently have 4 available in iTunes, which has grossed us a total of $6798.64 during the first quarter of the year. We’re super stoked to have 8 more apps scheduled to be released in less than a month.

Over the past weekend, 3 of our new apps were completed by our developers and are ready to be submitted to Apple for approval. More apps = more potential passive income streams.

Sweet!

Since many of you (and I really do mean many!) have been emailing me and asking me for more info about creating iPhone apps, I’ll be writing more about my experience in individual blog posts, such as this one.

If you want to get into the iPhone (or iPad) app industry, here are 5 things you should know first: Click to continue…

At this very moment, I’m running a little experiment to try and promote iCaption Mobile, our new iPhone App, while it’s waiting to be approved by Apple.

I’ve tried to contact a multitude of iPhone app review sites to do previews, which they say they enjoy doing more than reviews since it gives them a sneak peek of new apps, but I have yet to hear back from one of the 10 or so I’ve contacted. So much for that.

So instead, we’re doing something a little different. We’re holding a contest for the best “Pirate Pickup Line” to help bring people to icaptionmobile.com and spread word about the app. I think because of the nature of the application and what people will do on it (leave captions for photos and topics similar to this one), this is a perfect opportunity to do something like this. After the contest is over, I’ll go into detail with you exactly how it works and if it was successful or not.

Like I said before, the application is currently awaiting approval by Apple, but we’re trying to time it so that it’s approved at around the same time we announce the contest winner. We’ll see how it goes. We’re just trying to think of out of the box ways to promote the application.

I’d love for you to check out the contest page and enter too! There’s no need for an iPhone, and we’re looking for as many submissions as possible because we want to compile them all into a youtube video which will hopefully spread the word about iCaption Mobile even more. I love experiments.

Actually, I just sent out the first tweet about the contest at the beginning of this post, and we’ve already got 3 submissions! Good times.

Click HERE to be taken to the contest page. Entries on The Smart Passive Income Blog will not count towards the contest.

Have any of you held any contests on your website before, and if so – how did they go? If you have a link to your contest page (even though it may be over), I’d love to check it out. Thanks!

UPDATE: So it’s been 3 hours since I published this post, and we already have 12 submissions, and an entire blog post at an entry sweepstakes page about the contest. Check it out HERE. Ahh, the power of twitter. I can’t really say this is viral, but it definitely is spreading slowly.

iCaption Mobile is a little project I’ve been working on for the last – oh, 3 or 4 months. I haven’t told anyone except my business partner at LOLer Apps about it, but I finally got the Beta Version today and would like to share it with you and give you a little preview of what’s to come. Click to continue…

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! Click to continue…