Take the Test: Is App Licensing Right for You?

Take the Test: Is App Licensing Right for You?

App licensing lets you use your great iPhone app ideas to earn passive income from a partner company.  However, it’s not for everyone.  Take the mini-test below to find out whether app licensing is a good option for you.

 App Licensing Might Be Right for You If:

  1. You have a good iPhone app idea but don’t have the funds to bring it to life
  2. You have a good iPhone app idea but don’t have the time or expertise to develop it yourself
  3. You want to bring your iPhone app idea to life without quitting your current job
  4. Your iPhone app idea works very well with the goals, marketing strategy, or products of a specific company
  5. You have a lot of great iPhone app ideas and want to pursue many of them at once, without getting tied down in the details
  6. You want to create a passive revenue stream that supplements your current income or creates a financial cushion

 

If any of the above match your situation, app licensing might be a good strategy for you!  It offers the flexibility, partner resources and expertise, and potential revenue that can be very useful to many budding entrepreneurs.

App Licensing May NOT Be Right for You If:

  1. You need to be in full control of every project
  2. You prefer to ‘do-it-yourself’ and stay involved rather than handing over the reigns
  3. You don’t feel comfortable collaborating with another company on your idea
  4. You have a lot of ideas plus expertise and/or funds and want to create your own app development company

 

App licensing does limit the inventor’s involvement and control, so if you want to run the show when it comes to developing your ideas, licensing might not be the best route for you.

As you can tell, app licensing has a number of great benefits.  If you value flexibility or want to earn a passive income, then this may be your golden ticket!  Check out the rest of the site to find out how you can begin your app licensing career.

Want to learn how to develop iPhone Apps?
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