How To Build A Mobile App Empire (Q&A with Chad Mureta) #Best Education Page #Online Earning

hey everyone this is stefan from

projectlifemastery.com and today i'm

excited to have Chad Merida from app

Empire 2.0 joining me today to answer

your questions about the mobile app

business now as many of you guys know I

interviewed Chad

a few weeks ago on my youtube channel

and on my podcast on how he's built

several very successful mobile app

businesses and the responses from that

were amazing a lot of people had a lot

of questions for Chad since then Chad's

been working with this partner Carter

Thomas and amazing calm to make

available app empire 2.0 which so far

people have been loving as well app

empire 2.0 teaches from start to finish

how to build a mobile app and it's

actually only gonna be available for a

few more days and I'll provide

information for that below this video

that you guys can access just below in

the description and just as a reminder

as well I do have a special $1,600 plus

bonus offer for people that decide to

join app Empire which you can also learn

a lot more about below this video as

well now many of you guys have submitted

questions for Chad and I'm excited to

jump into them there's a quite a few

questions that you guys have submitted

so we'll try to get through as many of

them as possible but Chad I want to

thank you man just for your time doing

this no problem it's my pleasure love to

antique questions we have so let's get

ready this awesome in alright well the

first question is there's actually three

questions from someone named Jacob and

first question is how can I find good

how can I find a good idea for an app

and do I need programming skills and the

third one just real quick is what's the

business model when it comes to

monetizing an app got it got it so yeah

what I'm saying is basically you know I

mean there's there's multiple ways to

obviously come up with a funny an idea

we have a software that we've developed

where you can use the software and it

basically it shows you you know absolute

trending and stuff like that but you

know for the most part what I've been

able to do and kind of the manual way

throughout the since 2009 is it's all a

market research so the market is

constantly

giving us sort of these clues of what we

should be doing and so I go on there and

I basically for free the market and you

know pick my ideas from there and have a

very specific way I'm doing that and

that's what it leads to

you know most apps that we do making

money is because you know I can see what

apps are hiding them in and also you

know what work as far as somewhat of a

cheap rap to get in there is that any

service question

no yeah yeah no that's great yeah

yeah sorry so maybe stick to one

question at a time yeah some basic what

you're saying is you have a method a

system that you teach while you find you

know which apps are selling what's

trending and that's you know really

making sure there's a market first and

foremost to ensure that your ad be

successful

awesome exactly second question was do I

need programming skills so no definitely

not I mean I I don't programming skills

now I think you know if you do have them

it's okay because you can communicate

any better with your your team your

programmers but I think it's such an

advantage because you know you can where

the business owner hat you can look at

sort of your your complete business plan

and you can come up with new ideas you

can work on your marketing and you can

outsource it so this this isn't to

really replace a job as far as

one-to-one it's to create a business

that works well you don't and so

typically if you're not the programmer

you can work on the business and not

just one app and that's important very

important awesome next question was

what's the business model when it comes

to monetizing the app yes the business

model that has changed throughout the

years really depends on which app you're

going after so freemium is you know it's

most of the apps but 90% of the apps are

making the most majority of the money

are freemium and so they do that by a

net purchases and they do it by you know

ads so it's really nice about free apps

are you know you have you basically have

this ad network inside of your apps and

so when someone downloads it you don't

have to do anything else it just shows

that ad network and then you start

getting money

from the ads from in a purchased in

point you you develop pattern so you

basically make sure you give the user

value and as soon as they get value you

offer that something and that's where

people pushed it in on purchases button

and and immediately make money so that's

what's cool about apps it's is impetuous

they push a button they they click one

thing now it's on their phone and when

they're getting a motion playing a game

or whatever then you preempt them to to

buy something you give them value you

hit them when they're emotional and then

they spend money in your app and you

keep that customer so you know the model

I would say is value and you know as far

as far as like premium a freemium you

give them value you can sort of do

either way depending on how big your

market is if it's a smaller market you

want a premium virtual you want a more

expensive version because if it's a

niche market typically those markets

will buy almost all the apps inside of

there those are calendar apps are like

hiking apps or skiing apps are it's a

smaller group right but they will spend

399 on that app so it really is

dependent upon that but if you give a

value and at the right time and you see

what's working it's pretty easy to

figure out what your model would be and

will you typically have a model before

you launch the app or you know maybe

once you launch it maybe test a few

different ways to monetize it yeah good

question so I'll look because typically

there are you're not reinventing the

field so there are apps that are similar

by nature and I can see how they're

monetizing so I typically will go in

with data and say okay well they're

monetizing this way so let me sort of do

that myself but I've always loved having

this is what I do I love I have two apps

and tell my developers when I send it

outside this one code that's one code

and I want three apps out of it none of

those three apps I want a free and a

paid and so what I do is I launch every

app with the ability to go free or paid

and then I can always change it right on

the fly so I split test it when I

launched I've got two apps I test one

raisa test one free with ads in there

and I see what makes me the most amount

of money and then I can just switch back

and forth so it's a really cool pretty

easy system that's genius man that's

awesome

that right no I mean having that

mentality when you launch something that

that's that's awesome yeah awesome and

our next question is from Evgeny and

this is actually a common question I'm

sure you get this quite a bit as well

but it's the question is hey Chad how

much will it cost to get my first app

built so that depends on obviously which

app you build Jenny it's a great

question though a lot of people think

that you have to spend a ton of money to

get into the business and that you know

that's definitely not true so my my

first app was fingerprint security Pro

and what we did was you when you build

code build an app like that strategy of

getting three apps for one or four apps

for one I spent twelve hundred dollars

and I was able to build three apps with

it which was about $400 an app and I

changed the themes in it so one was like

this James Bond one one was you know I

mean so there's a way to do it where

you're not spending a lot of money and

as you're making money because the goal

is to get cash flow positive as soon as

possible right that's the thing is we

want to get our business so it's making

money and we're not there spending all

the time trading our time for our money

and so once you do that and then you can

start scaling up it you spend a little

bit more on your next step right and

then you a little bit more but it's

really about education part of it

because you're starting to understand

how the App Store works and how you can

sort of make money for this grow your

portfolio so I would get into as cheap

as possible with being able to give the

user as much value as it's possible you

don't want to come into the marketplace

with a cheap app throwing something

together but you also should not and you

know ever spend over five grand

so when you first start out and yeah

business no way awesome here's a

question from Paul he says I've been

thinking about getting into making

mobile apps for some time now however

every time I think of an idea or an app

already been created I suppose my

question is how do you come up with

fresh ideas and an absolutely saturated

feel yeah

so first of all there's a button so you

can never stop coming up with that yeah

because you know the competition and

really just showing you what the market

wants and there's a lot of ways

pollinate so we've got a camera happen

doing something in this area and that I

look at say another weather app that's

doing something I can see what they're

doing a lot of times combined a few apps

together but there's always a market

like I'm seeing apps now that are

crushing it that came out back in 2009

aim exact app and they're just adding a

fresh look to it they're adding a new

flavor to it because it's six years new

right and so just like movies you look

at all the Marvel movies and stuff like

that

they're just they're just redoing the

same stuff so what's great about it is

that you can look back in the app store

and see what's worked and add your own

sort of you know angle to that and not

to spend a lot of money and typically I

mean what we teach is how to make money

with it so a lot of people that are over

saturating that those apps they may not

be making money right you might be

seeing and think it's making a lot of

money but you know we teach you not just

how to get into the top rankings but how

to actually monetize on top of that so

it's a very different game and you look

at it that way we're very strategic

awesome okay another question that I

have is can I do app Empire and get into

the MLAT business if I live outside of

North America and if English isn't my

first language yes yes you totally can

so we're having a lot of our students

actually are outside of the US that have

had really good results it is a

worldwide business right I mean it's you

can do it anywhere and sometimes it's

actually an advantage in the sense of

the US is definitely the best or the

biggest store right and the most money

but it's also where all eyeballs are

focused so if you want to look at some

quick ways to make some money where no

one's really looking at you start

looking at sports outside of the

us localizing for that store so I don't

know where this person is from but you

know if you're from Brazil or you know

whatever you want to change it to

Portuguese so you can take your

marketing materials the same ones that

you made we talked about screenshots

your icon your title and then you just

localize it into Portuguese for that

language and then you submit it to the

store well guess what a lot of

developers are lazy they don't want to

do that and so you have two apps

together one is in the localize language

and you have one that's in English

you're gonna win out so there's an

advantage of being international as an

advantage of sort of focusing on some of

these markets that people aren't

focusing on and getting data making your

app better and then launching it to the

US and the UK and stuff like that once

you sort of soft-launched so I think

it's a great thing perfect all right

here's that question from Nico he said

it says how or when would you go both

patenting an app idea and when starting

out do you suggest using an alias as a

name ah good question all right

Italy has a name I haven't actually had

that before so I would actually analysis

name is a great idea depending on what

you're trying to do but know that your

name or company name or stuff like that

is a lot of times its keyword specific

so like you can actually get you know

really strong key works for that title

name that kind of value triggers for

your app so if you wanna do an alias

name make it at least a keyword day

that's related to your app that's the

first thing and yeah I would I would

probably you know focus on you know

getting it as an individual name of been

putting as a company because you can

switch apps back and forth so when I

when I sign up for a developer I'll have

three app companies because I'll have

skins I'm not going to take an app that

I have a skin on and put it in the same

company I'll do that version I told you

about getting three outside of one and

I'll have different angles different

themes in these different company

so it's really separated and I have some

work I put it into my one container

company if they don't work out I'll kill

the app while we launch it or something

else does it make sense yeah yep no it's

awesome all right listen up along here

okay another question does this business

only work for iOS or could it be for

Android as well I have an iPhone but do

not have a MacBook at all only a laptop

with windows III I've gone this question

before so basically is there any

restrictions there a PC guy if you're an

Android person I mean you can do it for

sure Peace Association Android

definitely I'm having a PCs fine I I

think if you're gonna jump into iOS I

would get it I would get a MacBook and I

recommend you do but you don't have to

you definitely can do a PC we have

people that use pcs all the time it's

just my preference just because you know

you're gonna use a lot of depending on

if you're you know simulating or if

you're uploading really depends if

you're uploading your own house you're

not really uploading your own apps and

doing with all that stuff it doesn't

matter that much and I might be a little

biased because I like Mac products so

the functionality is the same but what

I'm eating a little bit I'm a Mac guy

too so we always recommend a max we're

drinking the cool in it yeah okay here's

a question from Rick I'm not sure if you

understand this one or not but you just

wants to know how complex is the system

requirements and the user requirements

for creating a mobile application so the

acquirements I mean it depends on

obviously what type of application

you're going for I think that's what

they say I'm saying so yeah like you you

can't an Apple doesn't want you to spam

users Apple doesn't want you to you know

really mess around with any of the

internal functioning features you know

Apple is big on privacy so that one's

just steal people's information and

stuff like that they don't want you

having to buy reviews and they do change

them here or there but it's pretty easy

just a standard agreement just check it

out as long as you stay

clear up some their major flags you

should be fine I wouldn't worry about

that too much okay cool

here's a question from zort

so does your program teach a person how

to actually come up with new app ideas

that can make a full time income yes

we've already answered that because I

only use fitness related apps personally

and so I do not know what features or

design would be best so I think he's

asking do you can you design you know do

you have to design an app that you're

into personally yourself or can you do

something maybe you know nothing about

got it got it yeah that's a great

question whatever questions so you can

do apps on anything it doesn't have to

be anything that you're you know

passionate about we show you the model

on how to make money yes definitely

placing your full-time job again a lot

of students you know I'm seeing way past

that income and therefore perhaps that

you know usually have entertainment

proportion like games or utilitarian so

some type of function pictures or

editing video editing stuff like that

but what I have noticed is you know and

it's it's like Seth Godin is gonna dip

test if you are passionate about it if

you are the demographic then hey you're

going to stay with it faster you're not

going to just have a TV it's a squirrel

and jump to something else and you're

also going to understand it better so do

you know how to given new features right

I know the things that I love on the

customer so you know all we are as

entrepreneurs were solving problems

constantly and if I'm looking at a

specific app that I use and I know we're

friends because we hang out with

like-minded people then I can see that

problem usually faster than somebody

else so I can addressed it faster than

somebody else which means that's my

competitive image in the store right so

that's your advantage as well and let's

just be really you wanted me you're

gonna want to use your own app alright

so if you're using up now no I could

probably do this better you're probably

already saying that because we're all

using apps that we think you can do

better then that's typically a good

start and you want to be proud of it you

know I've done that where it's made a

lot of money but

it's cool it's you know it's not

something I feel amazing about and then

the naps where I felt proud and I could

say yeah I did this app like check it

out check out this this function and

they loved it and I loved it so that's

the difference there I think your your

longevity within a business that makes

it great here's a question I've gotten I

think twice here how long would you say

roughly it takes to go from you know

maybe starting out to getting an app

developed and before you can maybe we

realistically expect to start making

some money yeah so it depends on a few

things

you we teach get money back as soon as

possible so you can you know create your

own app that's one way of doing it and

you know from if I was to come up

someone from inception in your head to

get out into the store you could draw

something out a few days a few days of

research get it into a development team

and then you can launch it about a week

or so in theory I've done it well I've

done it in two or three weeks but in

theory for most newbies starting out

I'll take about a month or so to get it

into the store and that's variable

depending Apple Apple could be say you

know here's a week or here's four days

or a day so you never really know the

exact amount of time but usually it's

within a week and and so so yeah and

then I would you can also focus on the

source code so you can buy existing

source go to the Mac and take that and

basically just change the theme change

the name there's a famous at lynch

mountain code for awhile and they just

had all the gaming functionality you

just buy that you would change the

graphics you would change the name you

put in some cool theme I did this uh

sort of a teen theme with like you know

all kinds of different characters and so

that is like a cheat code it's like 300

bucks

you can do five apps on it and you can

get it in the store so that's much

faster you know mint so it just depends

on if you want to be a cash flow faster

or if you want to start building a

business that you can pull on to your

longer business you know what I mean

that's that's true

the question that you should answer but

relatively fast relatively fast we're

not doing this big complicated app yet

we're starting single rights all right

okay cool

by the way I'm just gonna turn off my

video just for the eyes want to make

sure the bandwidth there's a little bit

better but I'll just still be here by

voice but the next question is how do

you make an app with a very low budget

so let's say you know this person is in

school is there a way you know to do it

very low budget starting out and he also

wants to know what app is there a

certain app category that you would rip

maybe recommend for someone again to get

a head start

got it got it yeah I mean you know there

definitely is a fast way to do it I

would say again going and buying code

it's probably the fastest there also is

a way to you know get code for like

businesses right you can go directly to

businesses if you want and get a

contract with them before you even build

the app so I've seen that happen to then

you're not spending anything you know

you mean you're just going right to that

business and you're saying oh I can

build you an app and has like email

addresses Facebook does this is that so

you can totally do that angle but I'd

say the fastest way is definitely doing

you know buying existing codes as long

as you know what to look out for and

it's in it's somewhat simple and then

you know besides that you look at you

know like the wallpaper apps if you look

at a pretty simple entertainment or a

utilitarian so keyboard stuff you know

pitch your apps now are cheaper because

they can grab that code and bring it in

so you know find something and sometimes

what I do is I get I come up with five

very different ideas and then I just get

quotes because it's a skill I mean you

want to strengthen that that muscle that

allows you to layout apps in a way to

communicate the developer to get a good

price so I sometimes I don't know I said

like this this isn't this I'll send it

out and I'll get the quotes and they'll

come back but I typically go with one

that not only can I use it for three or

four different features right I can have

three or four different apps out of it

so if it's like

we're happy you've got 10 filters maybe

I knew three apps and not one one's a

selfie one one is a old school western

one or just half as that's a PITA

you know I mean I gotta figure out which

angle to go with and I get into the

market as cheap as possible hopefully in

the same area where I want to be in the

app business so I'm not just grabbing

assets just to make money that I don't

care about perfect all right so there's

a question that you can already answer

this you know they want to know how long

it takes they're asking about six months

is a good start and yeah that should be

more than enough time but the follow-up

question was I don't know if you know

this but how much does the average app

to make per month I don't know that

number that would be an interesting

number to find out that's for sure yeah

I don't know I mean there are tons of

ask that those numbers changed so fast

because so many apps coming in yeah let

me ask you what's the potential of an

app you know what's you know how much

some of the top apps let's say out there

in the App Store you know are they

making millions of dollars per year per

month like what you know what's possible

yes some of the top apps are making

millions of dollars a month and 220

million dollars a month you see and

that's and consistently I mean they're

there every month making that much money

and it's just the beginning so they're

buying all this traffic because because

they can

well we'll still at the beginning right

so it's like we haven't even figured out

the traffic it's so fragmented so these

bigger companies they see that they're

just spinning as much as I count on

Facebook Ads stuff like that and and

they're ranking it in ranking it

what's no Tom you know what yeah crazy

is like I don't know out it's probably

crazier in the US but in Canada just you

know the last year or so I just would

call seeing so many commercials on TV

for like mobile apps like I've been

seeing like this non-stop the Arnold

Schwarzenegger mobile strike game it's

like but it's amazing and how an app has

gone it's grown that big where they're

advertising on TV

you know during the Super Bowl and stuff

like that like that's insane it's insane

yeah that shows you that you know that

that customers work that amount of money

right yeah so that's good yeah I don't

know why they don't do call-to-actions

with those I always wonder that like

they know that you're sitting watching a

commercial they should just say now pick

up your phone and click in this right

now you don't mean it's going to be

something they're totally yeah people

with them that's all for sure okay

questions from James what's the best

what's the best advice for an 18 year

old wanting to get into the app business

great question I would say I would say

read my book for sure F Empire and yeah

figure out sort of the best advice I

have honestly would be to look at the

success stories that are out there other

younger 18 year old 16 year olds we've

got a bunch of students that are you

know from a little 10 11 up to 19 and so

you know I would say let's you know put

you in that group or start networking

with with like-minded younger younger

people because you think differently and

that's what's cool about having a

younger sort of @preneur because now

you're thinking like your own peer group

and you can hit the mark I get there and

I'll get inspired by other stories you

know I got in the App Store because I

got inspired by two tech two non tech

guys I made money in apps I was a non

tech guy had no idea what I was doing

and so that gave me the inspiration to

jump in so without them I wouldn't be

there so I would say find out people

just like you

Network them read my book go throughout

the empire obviously we have our course

which is unbelievable

and if you take that gonna be way ahead

of the game but find out what you want

to do and why you want to do it and and

start doing it start taking action in it

because it's it's here and what a

beautiful time to to cash in on this

next wave of mobile

yeah and just being 18 years old man or

you're ahead of its definitely ahead of

the game

I mean Oh without 18 years old I think I

was working out like Ben & Jerry's a

very different situation totally yeah

cool

all right how do you come how how do you

compete with thousands of apps and just

make sure you know that you you set you

know you stand out you set your app

apart from the rest yeah and so it's

pretty easy actually you know a lot of

people are already about competition but

again the nice thing about all these

apps is that they're telling you what is

working because you look at their

rankings and you're saying okay I'm

gonna model all these successful ones

like I can go in a store right now and I

can find the best brands and I can see

what they're doing how they're doing it

how they're communicating what's working

what's not working and when I do that to

say five or six different of my

competitors I can pick apart all that

stuff and now I can make a better app

okay so now that you've a better app

does that mean that you're gonna be the

top of the sort not at all but we teach

from marketing right that's our whole

thing we know how to make the high-value

map with the marketing which is what

gives the advantage and so a lot of the

guys that are your competitors they

don't necessarily understand the

marketing right there they're a little

late to the start with that and so

that's the advantage really is just you

can jump in and you can pick your entry

point into the app store and make just a

little bit better the deeper part or the

end up and you can make a bunch of money

even if you here's the cool thing about

apps even if you don't hit the top

charts you still can drop down and be an

account Agora and be down in the charts

but but even if you got you know a

couple apps 100 bucks a couple hundred

bucks a day like that adds up you know I

mean without having to do much that adds

up and so you know that's also something

to realize is that it's a building cash

flow creation game as well as look that

as a network as a portfolio that works

together right okay

how at what point would you start your

second app

that's a great question I would start my

second nap when I felt comfortable that

my first step is either making money and

I have an update scheduled for and I

know what to do next

Orbitz spend a certain amount of time

where I've tweaked like a freak a bunch

of things and you know tiny little icon

screenshot all those things price

changes and at that point I'll optimize

it and I let it go and then I move on to

my next so that's when I start out

that's what I do sometimes I can make a

quick outlet and use it as traffic and

actually do that way so that's that's

also sort of a move that we can you know

that you can do depending on and it's

really depending on a few things like if

you you know if you actually launch an

app and you know you tweaked enough you

tweak like ten ten things in our

checklists and two months goes by then I

would then focus on a new app because

that tells me that something was off now

you're spending more time and the

probability is goes lower as it goes

down or what you can do is you can take

the out app off the store and you can

relaunch the app sometimes I see and how

it really well is they take it off you

change one thing and sometimes it's as

easy as just changing a title and then

when you launch it getting your friends

and family to give it some stars and

today we love this app so five or six

stars sometimes that will the algorithm

will just grab it you know what I mean

so that is better than sometimes holding

on and just waiting for the storm to

throw it to the top that's a good one

that kind of leads them to you know

something a question that I had here the

person you know obviously there's risk

with anything but you know if the app

let's say is not selling as much as you

liked if are there strategies like that

that you can maybe still use the app you

develop but rebrand it read you know try

to resell it in some way totally totally

yeah so that that's a great point so

basically if you're launching it it

doesn't do anything you're making some

money you decide you know like I said

most of our apps aren't made money back

simply because you know even if it

doesn't hit it out of the park it's

gonna make enough money where

to serve at a time I'll make the money

back on the thing so I'm not going to be

out but what you can do is you can

relaunch it right you can cut it off

relaunch it or what you can do is you

can wait label it you know and license

it out because if you build something

that's valuable enough there might be

somebody else so there's there's sites

like app topia sell my app stuff like

that you can go to you can sell your

code to other people you can sell it to

businesses you know what I mean I know

somebody that they just built this this

massive code and use it for an app it

make a lot of money on it they're like

you know what I want to do something

else and they still look for

Ticketmaster for a lot of money and so

there's all these opportunities when you

buy a code even if you don't go and make

money on your own with it you know you

just have a code but becomes an asset

you can get email addresses too you know

you can get data which which people buy

every photo actually did that that was

their model they launched and they gave

people with free app as an SDK so you

got the app as a developer for free and

then they just collected all the data

and then adobe ended up buying them I

think for like like 300 million or

something like that some crazy deal so

yeah it's pretty cool what you can do

that cool all right Stacy has three

questions right she wants to know what

#Best Education Page #Online Earning

online earning,make money online, earn money online, online earning, online earning sites,

 make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site