Wednesday, September 8, 2010

How Developers Price an iPhone App Over $10 and Make Money

How to price an iPhone app over $10 and make money. Pricing an iPhone this price range takes a lot of market research and sound business strategy. Read this article for tips on how to effective market an app in this price range.

If your app required a lot of market research and/or development then this is the price range you should consider. It is usually saved for "specialized" applications that have no close competition and provide a value or service that cannot be easily replicated. It is for these reasons that we recommend you only price your app in this range if you are extremely knowledgeable about your market and what they are willing to pay.

Apps priced at over $9.99 are for specialized markets, not your everyday iPhone user. Reducing your costs can increase sales volume but it may not be the best option if your app stands above other apps in the same category.

If you're considering pricing your iPhone app over $9.99 then you need to two things:

1. A Good idea of exactly who will buy your application and why
Buyers in this category need an application that will do exactly what they expect and without any flaws. They need a product that has been tested and proven to be the best in it's area.

2. A marketing strategy that puts your app in front of customers and convinces them to buy
This may be the most important thing you need when pricing an app over $10. You need to understand how people will find your application and what will convince them to buy. You need to compel your iPhone users that your applications is worth MORE than the over $10 price tag you have given it. This usually includes an extension of an existing product in which the customer is already used to and uses.

The medical field is probably the highest concentration of apps in this price range. Medical professionals need specialized tools, resources, information, and have no problem paying high prices to get it. Other demographics that are seen to fit in this category include engineering tools, real estate, law, and other professional industries.

GetAppQuotes is an innovative service connecting entrepreneurs with mobile app ideas with talented iPhone Development and other Mobile Development. GetAppQuotes strives to become the premiere marketplace for anything relating to mobile app development.



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