ISteam for iPhone earns a bunch of 22-year olds $100,000 in one month
tgdaily.com
tgdaily.com
However, that's not to say the project wasn't worth it for the people who worked on it - just a caution that while the headline is catchy, the upside for these guys is probably the resume / VC pitch bullet rather than the money.
How do you get good ideas for startups? That's probably the number one question people ask me.
I'd like to reply with another question: why do people think it's hard to come up with ideas for startups?
I'm not so sure it's so obvious. Why is playing with steam so popular? I downloaded it and liked it, but I still don't know what was so compelling about it.
There is a faster implementation of it, as perlin noise is pretty expensive, that get's used a lot in game design.
Hope that helps.
Entertainment is a huge market.
"Make something people want."
It's called candy for chrissakes. Who doesn't like candy?
I wouldn't be surprised if the majority of people buy these apps on impulse and rarely use it again after checking it out.
Why do people pay billions for mobile phone ringtones? People even pay for them on phones that you can just copy an mp3 onto and use as the ringtone.
Mobile phones have a fantastic built in micropayment system - it gets added to your bill, and you probably don't even notice - there is no hurdle.
That's the innovation: When you make micropayments easy, you make it easy to sell candy.
This is a cool little piece of technology for less than the cost of a soda. That's a) something you can't really get anywhere else and b) possibly the beginning of the micropayment revolution for things other than music that we've been waiting on for awhile now (unfortunately self contained to the iphone for now, but I'm sure coming to the rest of the product line soon)
And I've just demonstrated that I read one too few paragraphs in the story.
Companies seem to be willing to deploy infrastructure to collect e.g. 1 dollar payments, but not 10 cent payments.
I'm guessing that they'll be willing to maintain that infrastructure even as the value of the payment decreases due to inflation, since the per transaction costs are low and likely to get lower, and there's little risk in maintaining existing infrastructure.
I'm sure there's some phrase for this that I'm missing.
Hmmmm. Profitable?
Sam Shaw http://www.dreamworldsol.com