Comments on: Your app likely won’t make you rich http://blogs.reuters.com/small-business/2011/01/11/your-app-likely-wont-make-you-rich/ Grow your own Fri, 03 May 2013 19:51:47 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: IdeatoExit http://blogs.reuters.com/small-business/2011/01/11/your-app-likely-wont-make-you-rich/comment-page-1/#comment-3248 IdeatoExit Tue, 18 Jan 2011 15:50:02 +0000 http://blogs.reuters.com/small-business/?p=3652#comment-3248 Great article. Along these lines, the Idea needs to match up with an opportunity. Essentially, finding the market need as you mention. I would one additional step to your list. Prior to "Make a Web app, market it, refine it based on feedback and monetize the app", I would suggest you conduct a feasibility analysis of your proposed app to your target audience. Validate that the direction your want to go and the problem you want to solve meets the needs of your intended audience. If so, then put the effort into app development. You are exactly right in this article. "Cool" does not sell - or pay the bills - in this market. People buy to satisfy a pain or a demanding need. www.jeffweberventures.com Great article. Along these lines, the Idea needs to match up with an opportunity. Essentially, finding the market need as you mention. I would one additional step to your list. Prior to “Make a Web app, market it, refine it based on feedback and monetize the app”, I would suggest you conduct a feasibility analysis of your proposed app to your target audience. Validate that the direction your want to go and the problem you want to solve meets the needs of your intended audience. If so, then put the effort into app development. You are exactly right in this article. “Cool” does not sell – or pay the bills – in this market. People buy to satisfy a pain or a demanding need.

http://www.jeffweberventures.com

]]> By: kelraie http://blogs.reuters.com/small-business/2011/01/11/your-app-likely-wont-make-you-rich/comment-page-1/#comment-3156 kelraie Fri, 14 Jan 2011 17:15:49 +0000 http://blogs.reuters.com/small-business/?p=3652#comment-3156 Paras Great post. What resources would you recommend to start researching the most profitable industries and uncovering the pain points ? Paras
Great post. What resources would you recommend to start researching the most profitable industries and uncovering the pain points ?

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