- Joined
- May 21, 2019
- Messages
- 46
Rep Bank
$445
$445
User Power: 111%
I'm keeping a notes section on my phone about potentially needed ideas and have already stumbled across a few ideas for phone apps. Some even score high in 4 of the 5 C-E-N-T-S criteria:
- High Entry Barrier (an app utilizing image recognition software that would have to be learned)
- High Need (quick access to an abundance of nutritional facts about what one eats)
- Time (well, I think virtual all of the apps qualify in this area)
- Scale (any one of the millions of people conscious about their diet)
But when I consider the principle of Control, I easily see a massive hole. All of your sales would be funneled through one of a couple outlets: IPhone App Store, Google Play, etc.
I'm not married to any of these ideas. Just keeping notes on anything that runs across my mind. But were I ever consider taking an App seriously, I feel like this could be a massive hole potentially ending the viability of an otherwise great solution. Obviously many have made a fortune off of mobile apps, but is there an equally great or even greater risk with the lack of control?
Does anyone else, particularly those who have experience with them, feel like mobile apps violate the commandment of Control? And if so, is this a big enough violation to make the rewards not worth the risk?
- High Entry Barrier (an app utilizing image recognition software that would have to be learned)
- High Need (quick access to an abundance of nutritional facts about what one eats)
- Time (well, I think virtual all of the apps qualify in this area)
- Scale (any one of the millions of people conscious about their diet)
But when I consider the principle of Control, I easily see a massive hole. All of your sales would be funneled through one of a couple outlets: IPhone App Store, Google Play, etc.
I'm not married to any of these ideas. Just keeping notes on anything that runs across my mind. But were I ever consider taking an App seriously, I feel like this could be a massive hole potentially ending the viability of an otherwise great solution. Obviously many have made a fortune off of mobile apps, but is there an equally great or even greater risk with the lack of control?
Does anyone else, particularly those who have experience with them, feel like mobile apps violate the commandment of Control? And if so, is this a big enough violation to make the rewards not worth the risk?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today