How to maximize return on your mobile application investment

As the market for iPhone, iPad, Android, Blackberry, and Windows Mobile applications heats up, more and more companies are diverting most of their focus and investments towards that “next big mobile app idea”. At Mantra Information Services, we help companies take advantage for growing mobile applications market and maximize return on their mobile investments. In our experience, there are several considerations a company should be making before taking their idea to the development lab. In this article we will introduce the five most important points of mobile application development.

1. Business Case: If you have an idea that could make in to a good mobile application, you should first research if another application on same / similar idea already exist. Determine how you can differentiate and improvise your idea. Understand if there is a need for the application that you plan to develop. Besides validating your concept, assess if developing that application is a good fit for your business strategies, direction, and if you will be able to recoup investment in to developing this application.

2. Target Audience: Whether you are developing application for your internal business use, use by other businesses, or use by individual consumers, you should have a good understanding of who your target audience is. That will help making design and technology decisions for your application. If you are targeting global audience, you may also have to consider making your mobile application multi-lingual.

3. Technology Selection: With mobile client applications, you cannot develop a single application that can run on all of the mobile platforms. Each of the mobile platforms is different and run only applications that are developed on the specific technologies. So if you develop an iPhone application, you cannot run the same application on Android, Blackberry, or Windows Mobile platforms. That is why it is important that before beginning application development, you select an appropriate mobile platform for your application. If your plan includes developing application for multiple mobile platforms, make sure that you architect your application properly to reduce initial and ongoing development efforts and costs. Most importantly, determine if you really need to develop a mobile client applications which are platform specific or a mobile website / web application which are more universal and could run on all smart phones.

4. Timing: When there are thousands of businesses trying to tap in to the booming mobile applications market, it is critical that you move forward with your mobile development project in a timely manner. Otherwise, there are chances that someone else may beat you in launching an application with similar concept and could quickly tap in to your potential client base. When it comes to launching a mobile application, right timing is essential for maximizing return on investment.

5. Pricing: Just like any other product, you need to make sure that price for your mobile application is right. Research on the price of other similar apps, determine how valuable is your application going to be for consumers, and figure out your total cost of ownership for building, launching, and maintaining your application. Consider offering your mobile application for free or at a discounted price for a short period of time to attract more buyers.

Bonus Point: Marketing – After launching your application, it is important to market it and improve its visibility to your target audience. Without the marketing efforts, your application may get buried under the stack of thousands of other applications hurting its revenue potential. Marketing your application on social media sites, search engines, and offering it for free for a short period of time should help increase its consumer base. Make sure to listen to the feedback application users will be giving and incorporate that in to your future development plan.

About Mantra Information Services

Mantra Information Services is a leading custom application development and IT consulting company based in NJ, USA. We provide mobile application development services for iPhone, iPad, Android, Blackberry, and Windows Mobile platforms. We have helped everyone from small businesses to Fortune 500 companies with their mobile development strategies and technology initiatives. With our industry leading experience and cost-effective services, we help businesses get maximum advantage of mobile applications market and receive significant return on their investment.

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18 thoughts on “How to maximize return on your mobile application investment

  1. i think the easy answer is to build a normal static website and add a nice layout with pictures etc…

  2. Здравствуйте. Я Даша написала коммент на вашу статью про кино но мне никто не ответил. Здесь нужно зарегистрироватся что ли как я поняла ?

  3. Now a days it can be achieved with the help of seo and sem, among them social media optimization is more helpful..

  4. Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher!

  5. Shame on you for creating another terrific post! Awesome stuff, keep up the good work. I see a lot of potential! I wonder if you are an active user with any social networking sites like Digg or Stumble Upon?

  6. I’m having a hard time viewing this information from my iPhone. Maybe you could upgrade the site and make it more accessible from my phone. Thatd be real cool!

  7. Sure Emelina,

    I am sorry about, you can’t friendly access for your iPhone.. i promise you can view very friendly and accessible look in your iPhone end of today :)

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