What if you took advantage of the mobile app market in 2008 & How To Do It Today

2016-02-26 22:24

Today the mobile app market is mature and very competitive. But imagine how great it would be if you could get into the app market back in 2008 with your own mobile app. You could have been the founder of a game like Angry Birds or the popular app WhatsApp or a number of other multi-million and billion dollar apps out there.

It would have been great, but in a large way, that ship has sailed and wondering what could have been isn't all that helpful to us today.

So why am I writing this? I want to give you a strategy and an example for how you can develop a nose and a sixth sense for new industries that are early in their rise just like the mobile apps were in 2008.

What I personally do is keep a very close eye on current online trends. It helps me that I am a nerd (smiling) and that I am already naturally participating in social media and things like that. If you aren't a nerd like I am, I would suggest that you join different entrepreneur Facebook groups or listen to business podcasts or YouTube shows. My personal favorite podcast that I listen to is the SideHistleNation show with Nick Loper. Every week he interviews an online entrepreneur who shares their story. I am also in his Facebook group which you are welcome to join. I am in that group myself, and we can interact there.

This will be a good start for you. All these resources are free. I am personally a fan of the show and a member of that group as well.

Now let me tell you about a market that I think is experiencing the initial growth today that the mobile app business was experiencing in 2008. This industry is the online education or the e-learning market. E-learning has been around for a while, but it has never taken off until now. But in the last few years there has been a company that truly led the online learning revolution just like Apple led the mobile app revolution in 2008. This company is Udemy. Today, Udemy is the undisputed leader in online learning. They have over 20,000 online courses and over 8,000,000 students.

How does this benefit you? You can make money on Udemy by teaching something in which you have expertise. You can teach anything from math to music to baking to software engineering. This is precisely what I did. Here is my full profile on Udemy. As you can see, I teach 75 courses and myself have over 50,000 unique students in my courses. For anyone interested in taking any of my courses, I posted over 60 Udemy coupons of my own courses on my website for you to be able to take any of them at a reasonable rate.

But what I want you to do is to think about what expertise you can teach. If you can teach something, you can create a course and begin making money on Udemy. The minimum requirement to publish a course is just 30 minutes of video content. Although the common practice is to have courses that are at least one to a few hours long to make sure that you can cover your subject matter fully.

I would recommend that you try posting a course on Udemy. This company is lifting the entire online education market, and that market is poised to explode. Plus, unlike apps where you might have to hire an expensive app engineer, with online courses, the production costs are orders of magnitude lower so you don't have as much of a barrier to entry to get into this market.

You might also be curious about what equipment you need to use. You will be surprised that you need almost no equipment. A course can be recorded with as little as the iPhone camera! Of course, most people invest in good lighting, a microphone for good audio quality, maybe a nice background, and a camera or recording software. I happen to use software called ScreenFlow with I bought for just $99 online. So for a few hundred dollars you can have very good audio and video quality to create your video-based course, and begin making money with it as early as you can submit your course for review to Udemy.

Good luck, and let me know if you try this approach. It has worked tremendously for me, and I hope you can get it to work for you.

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