Update
April has been great. I published 4 new apps. Two of them already start to make money.
Revenue:
Not exactly sure how much money I made but must be something between 80-90k in total.
Spend:
I spend less money on ads. I guess a real business person would think I am an absolute idiot because they would immediately reinvest the money into growth. I spent around $1k for ads. Mostly Google Ads and Meta Ads.
API costs were around $3k USD. Other costs, for example Appsflyer, were around $200.
My RevenueCat subscription was about $800. LOL. Really, at one point you gotta ask yourself....should I really pay $800 per month for this? Its insane actually. But right now it is really beneficial for me because I do cross-platform (Web, iOS, Android) and its the perfect solution to handle memberships, etc.
Then, Apple takes a 15% cut (I am in the small developer program) and Google Play also takes 15% fees. Stripe takes a few %.
The income is balanced in this way:
iOS App Store: 70%
Android Google Play: 25%
Web / Stripe: 5%
So my guess is the overall PROFIT is around $70k. MRR $45k. ARR: $540k
Next steps for May:
- Publish 2 apps
- Update 2 apps
- Improving existing screenshots for my best apps using GPT-Image 2 (it does a really amazing job!) to get a better conversion rate in the app stores
- Setting up more social media accounts and start autoposting on them (all AI generated and auto posting), mainly YouTube shorts, IG, TikTok, Pinterest
- Making Google Ads and Meta Ads for 2-3 apps
- Improving SEO for my money sites and also buying high quality backlinks and doing PR
I will try to do the autoposting stuff first so it can work while I do the rest.
So yeah, I try to keep up the momentum and try to make the best possible decision for the apps. I might sell one of the apps sooner or later for $500k+. Recently I get a lot of emails from companies.
I dont usually talk about this stuff, but my ultimate goal is to make enough money to buy a nice condo in Bangkok and also an apartment in Japan (either Tokyo, Kobe or Fukuoka). I guess right now I could just sell all these apps and make $700k or more and reach this goal, but I think it has more potential so I wanna keep growing.