While the iPhone and Android platforms and their ilk have certainly opened up the playing field to a long tail of developers, they are by no means cash machines. In fact, if you had planned on quitting your job to get rich developing apps for these platforms, you might want to reconsider — the chances of your making enough money to build a sustainable business or even survive are slim (see my earlier article on iPhone apps). Read the full article »

This is first in a series of my guest posts. Whenever I post as a guest author, I will also post a link and excerpt on my personal blog here.

The current economic climate has several people pondering whether to become rich by selling iPhone apps. Like anything else, making money by creating and selling iPhone apps is no easy task. If it were, most people would do it, thus increasing the competition and bringing down the revenue to zero. Sure, it did make some people rich instantly — Steve Demeter made $250,000 in two months — but that is an exception and not a rule. Read the full article »