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One of the best ways to make money online is by taking advantage of the hottest trends in the tech market and get a jump start over your competitors. iPhone development is one of the hottest avenues for entrepreneurs to make money online. And with the latest decision by Apple to allow in-app purchases for free apps, there are more ways to adopt a freemium business model and start making a living off of those so-called “free apps.” Starting an iPhone business is very similar to any other business. You will need to have a plan, an idea that works (though you could use simple apps to start a business as well), and execute your plan in a manner that would give you business the best chance to succeed.

There are many developers who start writing their apps without testing their market and conducting a comprehensive business analysis. You can be the best developer in the world, but if you don’t approach your development venture as a business, it’s going to stay your hobby. Every-time you want to develop a product, you need to do your research, identify your audience, their potential need, and ways to market your product. You also need to be prepared to offer after-sale support to keep your credibility with your customers. [click to continue…]

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