Understand the risk
In the first quarter of 2021, Android users were able to choose between 3.48 million apps, making Google Play the app store with the biggest number of available apps. The Apple App Store was the second largest app store with roughly 2.22 million apps available for iOS. This gives you a small insight into how many apps are available on the marketplace, so before advancing with your app spend a good amount of time researching what you want to develop and where it is going to sit within the marketplace. What is your USP?
Launching an app takes a lot of dedication, time, and money. You need to figure out how much resource you are willing to invest and whether it is enough to bring the idea to fruition.
Undertake market research
You’ve got a great idea but…
It’s possible someone else has already developed the idea. Is the market saturated? Find out before you take your idea any further, you don’t want to waste your time developing something that has already been done.
What do other people think about your idea? Gather feedback and take other peoples opinions on board. Particularly those that match your target demographic.
You don’t know how you are going to fund your idea. If this is the case, it is a good idea to start researching your options early on.
Have your funding in place
The total cost of your app will vary depending on its complexity and design. Another reason as to why it is so important to fully scope your app in advance of any development, so you can work out your costs upfront.
Read our recent funding blog for some top tips on how to find funding. There are lots of organizations that exist to help fledgling businesses and new entrepreneurs, once you start looking you will hopefully be pleasantly surprised by what is on offer.
Execute your idea
Once you have researched your app idea and are ready to fully commit, it is time to start executing. Your idea will only come to fruition if you start to share it with the world. It’s both a scary and very exciting time!
At Bad Dinosaur we love hearing about new app ideas. Please feel free to reach out to a member of the team for advice, we would love to help you start your journey to app development.