After reading Chad Mureta's book "App Empire" and also watching his Video course, he states repeatedly that he has now made enough money to live financially free.
Offcurse it got me excited, and I went in heavy researching the mobile app market and its strategies, but now I'm asking myself if the investment is even worth it.
Now a basic app costs around 2k - 5k .. while the more expensive one's cost 10k - 100,000k
Now is anybody with a normal job or a small business seriously going to invest this kind of money without any "Return on investment" indicators?
Atleast when you open up a local clothing store you can estimate how much money you're gonna make based on what your neighbor is selling, but with this app game.. what gives?
I read from another user that he was making 50$/ month? 100$/month.. while already using all these marketing strategies..
and what about 10,000/month or even 100,000k/month? Chad Mureta was surely indicating that anybody can do it if they apply his strategy.
Are the days where these large figures were made by competent mobile marketers and strategists long gone?
Has the mobile boom turned into the .com boom, where the late birds are now fighting for scraps?
If I'm building an app for 10,000$ I want to know that I can get that money back atleast within the 1st year.. that's around 900$/ month for the first year.
Even a 2K app (basic app), you'll need to make atleast 180$/month for the first year to make your money back...
Now what are the realistic returns in the APP game in this day & age... Is the million $ app just a myth... can you make a million dollars with an app(s) ?