I have an idea for an online service which I am considering to implement to get my hands dirty and make the transition to producer. I am mostly interested into getting into action rather than making money at first still I need to know when the app would be too expensive for me to keep online.
The service needs some backend api's and a smartphone app, and possibly a web page.
I think there is a need for this service and I envision it to be very easy to use. The thing is that I do not think end users will pay for it since the target group is mostly young people. But if it becomes popular I would have running costs, if it becomes too popular I would drain my savings rather fast paying for cloud services.
So I am very curious about how to make the calculations, and what options are out there for monetizing.
I consider ads in app but I know as I user that might put off some people.
I consider creating additional services that would be charged but right now I have no clue which other services I could push.
I realize I am trying to solve a problem I do not have yet but I am afraid that this thought is going to pop up whenever I face any difficulty in the implementation of the service and could demotivate me.
The service needs some backend api's and a smartphone app, and possibly a web page.
I think there is a need for this service and I envision it to be very easy to use. The thing is that I do not think end users will pay for it since the target group is mostly young people. But if it becomes popular I would have running costs, if it becomes too popular I would drain my savings rather fast paying for cloud services.
So I am very curious about how to make the calculations, and what options are out there for monetizing.
I consider ads in app but I know as I user that might put off some people.
I consider creating additional services that would be charged but right now I have no clue which other services I could push.
I realize I am trying to solve a problem I do not have yet but I am afraid that this thought is going to pop up whenever I face any difficulty in the implementation of the service and could demotivate me.
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
