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First, what is that pilot gym paying you, and what does the competition charge? If this is a freemium play, research the percentage of apps that make money. It'
by epicgiga 7y ago
First, what is that pilot gym paying you, and what does the competition charge? If this is a freemium play, research the percentage of apps that make money. It's currently basically none.
In the heyday, a lot of people made money in apps, but that's just a rumour echoing through time now, and is no longer reality in the present day.
Second, your mistake was not conducting market and competitor research first. You wanted to jump in and start coding. Business doesn't work like that. Construction is the very last step, not the first step.
Third, yes it's unlikely to be worth continuing, due to the winner take all nature of networks (e.g. Facebook, Instagram, vs who?). The only antidote is to pivot to a space that that big (and therefore well funded) competitor isn't targeting.