How to Create a Successful Mobile App Startup?
Are you a startup geek?
Do you often look up to other successful startups and wonder how they made it?
Are you constantly pondering over an idea at the back of your mind, waiting for that defining moment to turn it into a reality?
So, if you have stumbled across your eureka moment, and are now faced with multiple challenges as to how to put into action what you have envisioned, you are on the right page.
We will break down the steps that can help you make the cut and are crucial to successfully run a startup in the mobile app industry.
Since the world is going digital, and the most amount of time we spend is hooked to a screen, any successful small business is involved in startup app development solution.
We netizens are well aware that Playstore and App Store are flooded with innumerable mobile applications – Business, Lifestyle, Educational, On-demand apps, etc. But it is equally essential to realize early on that very few apps get trending.
Studies show that few startups are successful and most appreneurs tend to commit some common mistakes. So the first step in your startup journey should be to look before you leap.
1. Validate Your Idea: Ideate, Pause, Rethink
We understand that it is attractive to let your creative juices flow but it is equally essential to reflect on other possibilities and not dive right in without testing the waters.
Make a list of all your potential ideas. It not only gives you an insight but provides due clarity regarding which idea to pursue.
In case you are confused whether the idea is worth giving a shot, get it validated from leading experts and see if it sparks their interest. An approach that the best mobile app consultants follow when checking the validity of your product is through a product discovery workshop. The 5 days workshop is known to have brought a number of successful startups in life.
Another tip is to never overlook other ideas. Understand that there is always a scope for improvement, and sometimes the whole process of ideation leads to new outcomes.
After finalizing on which idea to pursue, make sure that you have a comprehensive understanding of the pain point and the solution you are offering.
After all, your unique idea, besides making you one of the most successful startups, is also solving a problem. This leads us to the next step.
2. Detail-oriented Market research
No matter how revolutionary your idea is and how likely it is going to transform the mobile application industry, if you do not conduct a thorough market research and are not able to establish a target audience, you are bound to fail.
Understanding the market and finding a product-market fit is a prerequisite to run a successful startup. The key is to ensure you are solving real user problems and even though what you may be doing is not overtly unique, you have to find a place for yourself in the market.
Study the competitive landscape and conduct a competitor audit. Download some apps that work on similar pain points, use them personally and determine the scope for improvement.
Research on apps that failed and explore the reasons for the same.
Why? Because it eliminates the chances of failure and learning from others’ mistakes is a usual practice in the startup ecosystem.
Conducting an in-depth market research can help you find your unique value proposition and ensure that you are way ahead of your competition.
Also, during the preliminary research, one should conduct surveys to understand the user demographic and engagement. Knowing what the target audience likes helps in building a product that they truly want.
Remember, user engagement is the key and at every step of the way keep your niche audience in mind.
3. Choose an Ideal platform
Choosing an ideal platform for your app is the next step in your mobile app development journey.
In order to decide whether your app will cater to Android, iOS, or both, you should take into account a couple of factors. The key is to research which platform is ideal for mobile startups and understand what aligns with your business idea.
According to Statista, as per the third quarter of 2019, Android users were able to choose between 2.47 million apps while Apple’s App Store offered almost 1.8 million available apps for iOS. This makes Google Play, the app store with the biggest number of available applications.
To choose a viable platform you should study factors like market share and revenue for both Android and iOS. Arriving at a conclusion would not be possible if you do not have an in-depth understanding of the respective play stores. So, carefully assess the number of downloads and revenue models for both the app stores.
Image Source: Sensor Tower
The choice between native and hybrid apps is another factor to consider. Both come with their set of pros and cons, and factors like technicality, functionality, cost and time play a defining role.
4. Focus on Designing an Impeccable UI/UX
One of the common elements in most successful startups is the impeccable design that the applications are made with. No matter which successful app you pick up – Instagram, Canva, Telegram – you will find intuitive design being a part of them.
The role of UI/UX design doesn’t just lie in the eye-catching appeal. The application should be usable and functional as well. Additionally, it should meet the standards set by Google Material Design and Apple’s Human Interface Guidelines.
The UI/UX design guide that we follow at Appinventiv is one that not just meets the guidelines but also solves a number of additional areas like – getting visibility, app spend time, and user retention rates.
5. Product Development
The next step is to jumpstart the development process and for that, you would require an app development team.
There are effective ways to choose an app development company and see months of planning and strategizing come into action.
To ensure that your idea materializes into a successful product, you need to give a lot of thought to the people you will partner with.
In that context, you generally get two options:
- Hire an in-house team of developers
- Partner with a team of remote developers through the mode of outsourcing.
Reflect on the challenges you are currently facing.
Do you want an In-house team or do you plan to Outsource?
Take a decision based on what aligns with your business needs.
While the former ensures a faster level of communication and a deep understanding of your product idea, outsourcing provides you the opportunity to hire highly skilled designers and developers.
The next question you need to ask yourself is whether you will be able to monitor the development process yourself? Accordingly, choose an app development company.
Before hiring an app development company, make a list of potential partners, ask the right set of questions and go through their portfolios and case studies. Not only it documents their work, it gives you due clarity if the company is the right fit for you.
Get feasible options by analyzing the app development cost worldwide.
Hire the best developer but make sure you sign a Non- Disclosure Agreement.
Besides building a scalable app, your focus should lie in delivering a delightful experience to your end-users. Any user first perceives an app through the User experience. To retain your users in the long run, the
User experience should be immersive and the UI should be modern, innovative and intuitive.
Being ambitious is great but we suggest, you do not get lost in a maze of features. First, concentrate on building an MVP for your app, address the core pain points and then gradually shift to improved features after garnering feedback from your users. The emphasis should be on the ‘must-have’ features, the ‘nice to have’ features can always be added later.
Making a wireframe solves a lot of problems. It outlines the layout of an app and plays a fundamental role in structuring the product early on.
It also provides necessary insights on how the users will engage with your app and helps you identify the problem areas.
6. Look for Raising Investment
After spending a considerable amount of time on building your app, you need to consider the problem at hand- How to raise money for your mobile app startup?
Generating a large amount of funds implies greater resource availability and higher chances of success.
There are various ways to generate funds. Decide on ways for fundraising that align with your business model – Seed funding, Bootstrapping, Crowdfunding, ICO, etc.
Craft an Elevator Pitch and be on the lookout for potential Investors. Now is the time to be ambitious. Make sure you have a product that investors chase.
7. Create a Strategic Marketing Plan
How do you make sure your app gets traction quickly and reaches far and wide?
Through strategic marketing.
Marketing is one of the key startup success factors that makes a regional brand a global one.
Through compelling marketing strategies, you can create the buzz around your app and ensure people go gaga over it.
Use Social media and PR to gain market visibility and facilitate rapid user acquisition. Use effective mobile app marketing strategies and leverage the power of App store optimization to make your app go viral.
8. Have a Monetization Plan in Place
One of the ways of creating successful startup companies is to decide the best monetization strategy for your mobile app.
There are a number of options for the industry to choose from: Advertising, Sponsorship, In-app purchases, subscriptions, and pay-per-download are few options to choose from. Read into the pros and cons of each to understand which monetization model can be the best when seeking ways on how to run a startup. You should aim for ways that would guarantee
9. Update and Improve Your Application
If you think your digital journey ends by launching your app and diving into the market, you are wrong.
Mobile app development lifecycle does not end by launching the application. Regular updates improve app visibility and ensures you are providing value to the user at every iteration.
So, for a lasting success, keep improving your app by taking user feedback into consideration. Maintenance, updates, new functionality, is an ongoing process. Ensure maximum user retention along with a steady revenue model in place. Another element that you need to consider well in advance before execution is pivoting your startup.
10. Have an App Retention Strategy
The reasons behind app uninstallation are numerous – and so are the instances of app uninstallations. Keeping users interested in your application, in the presence of 50s of similar apps.
Here are the different ways you can retain your customers –
- Plan your notifications timing properly
- Be transparent about the permissions and how you’re going to use their data. Being transparent continues to be one of the secrets of successful tech startups
- Although your partnered startup app development company must take care of it. But, update the application only when necessary.
So here are the different ways you can ensure that the business model of app development for startups works for you.
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