iPhone Apps as a source of passive income

Last week I released my first iOS/iPhone app as a source of passive income. Since this is my first app I am using it to see how well this can work and if it is worth the time to create apps.  When thinking about the apps I want to create most of them are 1 or 2 screens and very simple. Since I can code them I try to limit them to 1 day of creation and another day or debugging and testing with real users. If I were to build these apps for a client I would charge between 500.00 – 1000.00 dollars. So the app has to at least make this much for me to consider this a success. If the app gets some traction then I will look at enhancing the app or making a plus version that I can sell and remove the ads from it.

Here is where the app is right now.

  • Total downloads 484 (since May 26 2011)
  • Total add revenue 4.65 or about 1.00 a day.

So we have some work to do.  However I have added another stream of income and if I do nothing else with app in 2 years I will break even on the app.

I am excited to see where this goes once people get back to work. There are also some enhancements that I want to make to help the app spread virally.

 

 

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Progress Report For April 2011

This is the last month that I have to catch up on. So far the trend is up every month. This is great!  Lets see what April’s earnings look like.

Income Break Down

  • Google Adsense Income: $20.76
  • eBay Partner Network: $127.25

Grand Total: $148.01

Boo!  This month I made $51.69 less then March. The month started out really strong but then something happened. Maybe the high price of gas is cutting into people’s spending habits.  I think it is also time for me to build more sites, as I have not done any since Dec.

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Progress Report for March 2011

Still Catching up to May 2011.

Income Break Down

  • Google Adsense Income: $27.39
  • eBay Partner Network: $172.30

Grand Total: $199.69

Wow the trend is good, UP UP UP. Another record breaking month. This month I earned $78.55 more than last month. Looking at the data from eBay there is one day where my earnings was 25.00. If I could net that ever day things would be really nice.

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