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6 Figures Minimum Selling Mobile Apps to Local Businesses

Discussion in 'My Journey Discussions' started by mumuu, Jan 20, 2016.

  1. mumuu

    mumuu Newbie

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    Hi everyone, thanks for your interest into my goal and thanks in advance for motivating me to push even more!
    I've just turned 19 and this year will be the year I'll finally be making over 6 figures, selling mobile apps to local businesses.

    Here's how I'll do it! Time to get that guap.

    App Pricing

    I charge anywhere from $500-$2000 + $50-$100 monthly maintenance fee per app. To simplify, let's say I sell apps at an average price of $1200 + $75 monthly (love that residual income).
    In order to make a 6 figure income (before taxes) in my currency, I have to make about $70k a year, which is about only 1 app sold per week (adding the residual up).

    Sales Pipeline

    So here's my current sales pipeline.
    • Step 1: (Monday) Cold call about 20 businesses, tell them I'm an app agency and ask them if they would like to receive a free demo via email of what their app could look like.
    • Step 2: (Monday) Right after the call, I send them an email right away saying that they will receive the demo in a couple of days, + I send them a PDF with mobile statistics (why they need an app).
    • Step 3: (Wednesday) 1-2 day(s) later, I send them the video of their personalized demo (with an online mobile app previewer), asking them when they would be available to discuss more in person about what we can do for them.
    • Step 4: (Friday) If they didn't reply to the email, I follow-up on Friday. I call them and ask them directly when they are available next week so we can have a short meeting.
    • Step 5: (Meeting day) = close day. I meet them, show their demo in person, talk about pricing, lead time, and most importantly: I ask for the sale.

    Scaling up

    Here's how this gets fun. How will I scale this up?
    My goal is to repeat the sales pipeline as much as possible. I'd like to be making 60-100 cold calls per week, but I hate cold calling.
    That's why I will hire some people on classified ads sites to repeat the sales pipeline (sales pipeliners lol).

    I will ask them to repeat the complete sales pipeline, minus the app demo development and the meeting part. I'm the one making the apps and closing deals :cool:.
    I'll be attribuing one industry to each sales pipeliners.

    So, if I have 3 people making cold calls, that's about 50 cold calls per Monday, about 35-40 demo apps sent (based on current ratio), and hopefully 5+ meetings scheduled out of those 40 demo apps sent.

    Industries

    Industries I'll be targeting at first are:
    • Gyms
    • Restaurants
    • Hairdressers
    • Lawyers
    • Realtors

    Let's do this!
     
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  2. Neon

    Neon Jr. VIP Jr. VIP

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    Unique and interesting Journey there OP + nice plan. Good Luck !!!
     
  3. Dante12

    Dante12 Jr. VIP Jr. VIP

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    sounds like a solid plan, best of luck. One question - do you code the apps yourself or you hired somebody?
     
  4. blommas

    blommas Senior Member

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    Nice. You can earn sooo much money by "fooling" people, and making them think something is worth a lot, but for you it's easy to create.
     
  5. mumuu

    mumuu Newbie

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    Thank you!!

    Neither, I am using a do-it-yourself online plateform made for digital agencies/app resellers.
     
  6. mumuu

    mumuu Newbie

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    Yes, I guess our economy is based on this principle a bit. Take for example sport supplements/online programs or all the shit people buy. At least I'm really helping their business and their sales! As long as they see a nice return on their investment, i'm okay with that!
     
    Last edited: Jan 20, 2016
  7. abhi007

    abhi007 Jr. VIP Jr. VIP

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    Let us know your conversion rate for cold call...
     
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  8. DeniX3

    DeniX3 Power Member

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    What website/software do you use to create the demo app?

    Wish you all the best for your journey! :)
     
  9. Cross99

    Cross99 Jr. VIP Jr. VIP

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    Good luck nice to see a journey based on a solid business idea. Out of interest how long does it take on average to design both the demo & completed app?
     
  10. bradical

    bradical Registered Member

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    Why would a hairdresser or gym need an app? Why would they think they do anyway?


     
  11. W9go

    W9go Jr. VIP Jr. VIP Premium Member

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    which app you are selling ?????
     
  12. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Think of the people that go to a gym and the things they value and it is easy to see why a gym would want to build an App for their company and brand.

    That is actually a very good way for one to increase their monthly revenue as they add 1.99 a month to the monthly fee for those that want the premium version of the APP and it becomes a profit center as opposed to just a marketing center.

    Calories burned, nutrition info, workout regimes, goals, etc are just a part of what you would consider adding in there.

    Look at the App, Map My Ride, and you'll get some idea as to the interest that the clientele of a gym would have in putting one on their phone.
     
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  13. S0leil

    S0leil Regular Member

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    Can you share the online platform to create apps?
     
  14. Craigyo

    Craigyo Newbie

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    Will you be coding the apps from scratch or will you use some kind of app builder?
     
  15. jaredwins

    jaredwins Junior Member

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    Why do you guys expect the OP to spoonfeed? A quick Google search found this: http://www.websitetooltester.com/en/blog/app-makers/

    I'm sure he is using one of them or something similar. Mumuu has shared something that has worked very well for him. Rather than expecting him to lay it on a silver platter, do your own due diligence and put your own spin on the idea.
     
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  16. seogiantking

    seogiantking Power Member

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    Nice plan and 2016 is best year to convert from apps.
     
  17. Thenub

    Thenub Jr. VIP Jr. VIP

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    Wow, this is a first of this type of journey i've seen, keep it updated and organized
    Best of luck OP :) will follow along
     
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  18. flyassguy

    flyassguy Newbie

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    And you just turned 19?? You're already a rockstar with this strategy. With the right mindset.
    I wont be surprised that you'll be in 7 figures next year - no matter what market youre in.

    kudos OP.
     
  19. Enklave

    Enklave Senior Member

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    Looks like OP ended it sooner than he started
     
  20. kamfam41

    kamfam41 Newbie

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    Any update on this OP?