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(Android) Developer Income Report #7
- rkalla 16y agokreci, wanted to thank you for sharing your income with us; it helps everyone else figure out what they are doing right/wrong or at least have a point of reference. You mix the income reports with self-promotion just right so you get visibility to the things you want to promote (ebook) and give us visibility into the things we are interested in (income). Also had no idea iStockPhoto brought in any money at all... interesting!
- wildmXranat 16y agoKreci, is your Android market income 100% from ads? I wonder how Polish developers are coping or getting around the restriction of not being able to sell their apps. Your write-ups are always welcome, keep it up. Mile to widzieć, pozdrowienia z za oceanu.
- bane 16y agoThanks for the information! Do you have a graph that shows the up and down swings of your ad revenue? Also, I'm not familiar with the stock photo site you mentioned. Is that a site where folks can license out photography?
- heri0n 16y agocool, thanks for sharing! keep up the good work and good luck on developing for iOS!
- kreci 16y agoThanks!
- kreci 16y agoAs usual comments are very desired and welcome! =)
- tomjen3 16y agoI hate to be that person, especially as I an a nonnative English speaker myself, but have you considered getting somebody to copy-edit your blog posts? After seeing the quality of the writing, I would be somewhat concerned about buying the ebook (in addition to the concern I already feel about its tiny size). Other than that, keep up rocking.
- kreci 16y agoIt looks I will need to get some English lessons. Thank you for being honest.
- icey 16y agoEh, I don't think you need English lessons. You can run your posts through http://polishmywriting.com/ http://polishmywriting.com/ and make adjustments based on that. Thank you for continuing to share your progress. It makes for interesting reading. I hope you don't stop because of language differences.
- netcan 16y agoIt would be interesting to know what apps you have out there and some numbers. Maybe that's another post though (price, #installed, ad revenue, ad stats..).
- kreci 16y agoI have included such stats in my ebook. Not sure if I want to publish it so widely.
- netcan 16y agofair enough
- uptown 16y agoThese appears to be his apps: https://market.android.com/developer?pub=KreCi.net https://market.android.com/developer?pub=KreCi.net You can get rough download numbers from the stats on the right-side.
- GFischer 16y agoAs someone else stated, your (kreci's) English needs a little help to be professional grade: "Trick your friends and show them broken screen... or make them broke it! " Here you have an incorrect tense ("make them broke it!" should be "make them break it!") Same for the text on the fart app. It's understandable but it shows you're not a native speaker. I'm not either, if it helps :) I still bow to you since you actually made something (rule #1 of enterpreneurship) while I'm still afraid of taking the plunge.
- seancron 16y agoThanks kreci for sharing another income report. I'm a U.S. college student and I'm looking to make some side income from Android apps. I've already developed my first very basic app, but I'm getting stuck on the financial side of things. I haven't been able to find any good answers to questions such as: * What do I do about taxes? * How do I report any income I make? * Should I put my income in my personal bank account? Or should I put it somewhere else? * How should I track sales, and what should I keep track of? I'd appreciate any advice you or anyone else can give.
- mgkimsal 16y agoBasically income is income. You could set up a separate legal entity, but until you're doing a significant income on it (>$50k? YMMV) it won't afford you any real serious tax breaks. You may want to investigate that for other legal/liability issues, though. 1. Keep track of all income related to this project (or to mobile dev in general). 2. Keep track of all expenses. 3. Itemize these on a distinct "schedule C" when doing your taxes next year. That's really about it. It would probably make sense to keep the money in a separate bank account, but the more important thing is being able to prove your income and expenses - keep track of everything - receipts, etc. edit: re taxes - your first year it probably won't matter, but the second year, you'll probably need to start making estimated quarterly tax payments to the US and to your state. If your current withholdings basically cover whatever taxes you estimate you'll owe including your sales, you won't be in trouble. However, let's say you've got a current job making, say, $30k, and your withholding every month comes out to, say, $6k for the year. You might normally get a refund, but with your android sales, you now owe $6k. You're OK. BUT... let's say your android sales add another $20k to your income - you'd owe more than the $6k that was withheld. First year you're OK, but you'll get an IRS letter indicating that you should start making quarterly payments. You can do this electronically at eftps.gov. I mention a separate schedule C because if you do other stuff totally unrelated - pure consulting, for example, it's better to keep those 'businesses' separate from an expense and income perspective. I've run multiple operations which overlap a bit, but are basically different 'things' - pure consulting/development, specific PDF journals, conferences/events, etc. Each is fairly distinct (though there's promotional overlap), so each is kept separate from an accounting standpoint. [plug] We may have a whole session on this at the next indieconf.com conference later this year. :)