(Android) Developer Income Report #7
kreci.net
kreci.net
You mix the income reports with self-promotion just right so you get visibility to the things you want to promote (ebook) and give us visibility into the things we are interested in (income).
Also had no idea iStockPhoto brought in any money at all... interesting!
After seeing the quality of the writing, I would be somewhat concerned about buying the ebook (in addition to the concern I already feel about its tiny size).
Other than that, keep up rocking.
Thank you for continuing to share your progress. It makes for interesting reading. I hope you don't stop because of language differences.
https://market.android.com/developer?pub=KreCi.net
You can get rough download numbers from the stats on the right-side.
"Trick your friends and show them broken screen... or make them broke it! "
Here you have an incorrect tense ("make them broke it!" should be "make them break it!")
Same for the text on the fart app.
It's understandable but it shows you're not a native speaker. I'm not either, if it helps :)
I still bow to you since you actually made something (rule #1 of enterpreneurship) while I'm still afraid of taking the plunge.
I'm a U.S. college student and I'm looking to make some side income from Android apps. I've already developed my first very basic app, but I'm getting stuck on the financial side of things. I haven't been able to find any good answers to questions such as:
* What do I do about taxes?
* How do I report any income I make?
* Should I put my income in my personal bank account? Or should I put it somewhere else?
* How should I track sales, and what should I keep track of?
I'd appreciate any advice you or anyone else can give.
1. Keep track of all income related to this project (or to mobile dev in general).
2. Keep track of all expenses.
3. Itemize these on a distinct "schedule C" when doing your taxes next year.
That's really about it. It would probably make sense to keep the money in a separate bank account, but the more important thing is being able to prove your income and expenses - keep track of everything - receipts, etc.
edit: re taxes - your first year it probably won't matter, but the second year, you'll probably need to start making estimated quarterly tax payments to the US and to your state. If your current withholdings basically cover whatever taxes you estimate you'll owe including your sales, you won't be in trouble. However, let's say you've got a current job making, say, $30k, and your withholding every month comes out to, say, $6k for the year. You might normally get a refund, but with your android sales, you now owe $6k. You're OK. BUT... let's say your android sales add another $20k to your income - you'd owe more than the $6k that was withheld. First year you're OK, but you'll get an IRS letter indicating that you should start making quarterly payments. You can do this electronically at eftps.gov.
I mention a separate schedule C because if you do other stuff totally unrelated - pure consulting, for example, it's better to keep those 'businesses' separate from an expense and income perspective. I've run multiple operations which overlap a bit, but are basically different 'things' - pure consulting/development, specific PDF journals, conferences/events, etc. Each is fairly distinct (though there's promotional overlap), so each is kept separate from an accounting standpoint.
[plug] We may have a whole session on this at the next indieconf.com conference later this year. :)
Also, I'm not familiar with the stock photo site you mentioned. Is that a site where folks can license out photography?