I need your advice can you please tell if my business model has a ch
I just started building apps at the end of January 2015. I’ve been doing this for a month before this i was a blogger. I made a decent amount from blogging but the competition and the algorithm changes in the Google search engine basically made my business model unprofitable.
So i decided to hire a programer who would create a puzzle app source code for me. My business model is to target a niche audience and contiously provide them the niche app by re-skinning the app.
I published my first app in mid January and it is now February 23rd, so it definitely a month since I’ve been doing this.
Here is a detailed summary of what i did so far:
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I spend around $30 on 3 different Facebook ad campaigns (App Installs) targeting different audience each time. Here are the result for the latest $10 ad campaign from facebook I got almost 300 clicks internationally (English speaking audience). Of those 300 clicks only 16 actually installed my app. and some of them even installed other apps. I spend $.04 cents a click.
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I have a total of 17 apps published on Google Play Store (I also made these 17 apps available on Amazon App Store) i currently have 71 active installs for all the apps combined. here are some pictures.
- I use Admob interstitial ads only. The Ad is shown after the puzzle is solved. There are 6 difficulty levels and around 120 puzzles in each app. Here are some pics from Admob based on a 30 day report
This is the latest 14 day report (includes boost from $30 of Advertising):
2595 Request - 1959 Impressions - 95.26% Fill Rate - 31 Clicks - 1.58% Impression CTR - $0.89 Request RPM - $1.18 Impression RPM - $2.32 Estimated Earnings
Most of my impressions and clicks are from United States.
This is basically it. I was planning on publishing hundreds of apps but I don’t know if that will bring me any money in the long run.
Please give me advice, if i should continue or quit? and tell me what i am doing wrong or right.