Monday, 22 December 2014

How I made thousand dollars on Fiverr within 2 months

Fiverr is a big deal these days. Everyone wants their work done in $5. It's a market place where you can get your job done in $5 and where you can do jobs ranging from $5 to any amount you want. The secret and also a misconception about Fiverr is that people will only be able to make $5 for their services which is far less when compared to today's world economy.

If you're thinking the same thing then let me tell you this you have come to right place cause you're absolutely wrong. Fiverr is a jackpot and if you use it in the right manner, you can make thousands of dollars in no time. I got to know about Fiverr 2 years back but never really tried it, thinking this very thing that $5 is nothing. But after going through some serious trials and tribulations, I thought of giving Fiverr a go 5 months back. With my 5 years experience in graphic design industry, I didn't have any problem starting a graphic design gig. I got my first project the very next day and I'll tell you why.

You see Fiverr is all about how you present your gig. Buyers will read your gig description and they will specifically look at your work samples. I had a number of designs in my portfolio which I could display so I went for my best 3 and for the description I looked at other successful gigs to get the idea of how to present and sell your work. It took hardly half an hour before my gig was ready. I didn't share it on any platform as I knew Fiverr has millions of visitors so my gig will eventually get noticed. And so it did.

The first order was very important and I offered unlimited revisions to my client after which she gave me a great feedback and review. That was the spring board I was looking for. After that I got tons of orders and I was able to make $400 in my first month. Many clients reordered my gig just to give me some extra $5 tips. Once I reached the 2nd level, I was able to add gig extras. That was the game changer for me as clients were in need of instant work, so they ordered my extras and I started earning 10-20$ per order.

My second month revenue was almost $600. My gig included a very simple graphic quote poster so it hardly took me 15 minutes to half hour to complete one gig. The job was simple and the income multiplied.

Things I learned from Fiverr is that there is no competition. It's always about the quality of your work. If you can create quality stuff for the clients, they will come back and even if you charge them some hefty amount they'll be willing to pay. Many of my clients payed me up tp $60 for a simple poster.

So make sure if you want to work on Fiverr, pay special attention to customers happiness and try to get good reviews right at the start. Try to maintain your rating up to 4.8 - 5 stars. There will come days when you won't be getting new orders for days but you don't have to worry cause clients will come eventually. Fiverr keeps on rotating the rank order of gigs and there are literally millions of gigs on that market place.

You can take a look at my gig on this link:

Let me know if you have any questions regarding how to earn and make good money on Fiverr.

Friday, 19 December 2014

How much Money can you Make from an Android Application through AdMob

I always have this question on my mind as to how much money does android developers make after publishing their apps on the Play store. The market is without doubt a gold mine for gaming companies like Super Cell but what about indie developers?

After a through research of 6 months and launching my own app as well in the process, I have a very clear estimate about the money that is invested and the money that is gained.

Here are some average stats that you should expect after launching your first app. I'm basing these facts mainly on US audience cause they form the bulk on the Play store. Currently my app has over 40% US downloads in addition to other countries.

Based on my research, for every 1000 hits on your AdMob banner ads, you get 10 clicks by users. This means 1/100 will click on your banner Ad. I haven't used full screen interstitial ads as they take away the user experience. For every 1 click you get $0.10. This has been my average CPC for 5 months so you can expect pretty much the same.

In order to get 1000 daily hits, you need atleast 2000 active users. You always need double the amount of active users. For example, for 1000 hits you need 2000 active users (not total downloads) and for 1500 hits, you need 3000 active users and so on and so forth.

So, if you have 10,000 active users, you can have up to 5000 hits every day which mean $5 through AdMob every day. These stats are not for the game apps but you can certainly relate them if you have a banner ad in your game app.

Now imagine, if your app gets to 100,000 active users mark, you'll be having 50,000 hits daily and you can make $50 on average every day which would amount to $1500 per month as passive income. It's not difficult to reach that mark if you can come up with a quality application.

You might see people discouraging you to engage in app business and talking about how tough it has gotten but based on my observation, if you can create a good quality app, you can certainly achieve good number of downloads and some pretty hefty income.

If you have an app already published, take a moment to share your earning experience with me. :)

How to Make Passive Money Online with Android Application

Making Passive money online with your first Android application.

Android/OS and mobile platform is a goldmine for developers. Millions of applications are being published on Android Play store and there is only one reason behind it and that is to make the next 'flappy bird' or to make the next big viral thingy that will let you play in millions. You might not know this but people who have cloned 'Flappy bird' after it was launched are literally making thousands of dollars even now. On the other end there are some totally scrap applications on the play store which could be considered as failed pursuits by some fail spammers. 

Keeping in view the enriched platform that Android provides, I decided to have a go at it and try my luck with launching an Android app. I have absolutely no coding experience and frankly I don't want to learn all these difficult languages stuff. So, I took the easy way, 'Outsource'. Outsourcing an app can be seriously expensive but if you have some designing skill you can get coding work done for much less than it's actually done. I contacted a few developers and one of them agreed to work with me. It costed me almost $200 to launch my first app on the store. I wanted a quality product on the store and also the one which could capture some good regular audience. So, I went with the quotes application idea in which users can swap through different pic quotes and can share them with their friends over all the social media networks. 

Before coming up with this idea, I did my homework. I checked the competition and the apps which were there already on the market so I knew I had to add some new features in order to highlight my app a bit more in the app store. With my designing skills, I created a simple UI with full screen picture quotes and asked my developer to allow me to categorize all my quotations. This way users can select different categories based on what type of quotes they want to read and share. 

Initially, after launching my first app I thought it would be an overnight success. Guess what? it wasn't. I tried promoting it with my friends and was able to get upto 100 downloads.  This was nothing but atleast it was a start. After that I passed in few updates for the app improving the user experience. That proved to be a turning point and I started seeing 10-20 downloads everyday. I only monitized my app with the Admob as I was seriously against full screen interstitial ads and I wanted to preserve the user experience. So, after 2 months now, my app has gotten a kick start and its has almost 3000 active users now.

Here are some current stats about my app and how it's doing on the Play store:

Downloads = >9000
Active users = 3000
Admob Daily hits = 1500-2000
Admob daily revenue average = $1.5 - $3
Country of most users = USA
CPC = $0.10

The CPC for admob for me is consistent at $0.10 despite having US hits. This is different when it comes to using adsense which I use on my websites and gives me $0.20 - $0.30 CPC. I'm very happy with the results of my app so far. 

So, right now I'm making a steadily growing income from my Android app without doing anything at all. I'm not promoting my app and let the users promote it. My downloads are increasing steadily and I can concentrate on developing other projects now. Once I get a good amount of user base, I intend to update this app with more features. 

If you would like to see my app, kindly post in a comment and I will message you the link. This is just for spam purposes. I hope this article has helped you in order to understand how to make passive money online with android application. For quesions, please post in a comment