How to Become Rich in Today’s Hypercompetitive World

June 19, 2017 | Rob LaPointe

Whether you are a newly minted high school or college graduate or a middle manager looking for your first big break, you know how hypercompetitive the current landscape has become. Technology is moving faster than ever before, customers are more demanding than they ever have been in history, and businesses (and sometimes entire industries), seem to come and go in a flash.

If you want to make your mark and become rich in this competitive environment, you need to do more than think outside the box – you need think differently, and most importantly, you need to think like a customer.

Giving the people what they want has always been the road to riches, and geniuses as diverse as Thomas Edison, Bill Gates and Henry Ford understood that the customer was king. The times may have changed, and the technology may have improved, but the overriding principle is still the same.

Mobile Apps and the Future Road to Riches

The path to riches may not have changed, but the things the average consumer wants certainly has. In the modern hypercompetitive landscape, consumers want tools that will make their lives easier, richer and more fun. Whether they are trying to navigate through heavy traffic, solve a pressing problem at work or relax and unwind with the kids, people these days turn to their smartphones for the solution.

The men and women who create those mobile solutions are the ones most likely to get rich in today’s hypercompetitive environment. If you want to make your mark on the world and get rich in the process, building the next must-have app is a great place to start.

The great thing about app building as the road to riches is you do not need a solid hit to make a great deal of money. For every game-changing Waze app, there are a hundred other traffic apps, each grabbing their smaller, but still profitable, slice of the pie. Of course, it does not hurt to create the next Waze, and it is certainly something to shoot for. Just know that there is plenty of mobile app gold to go around, especially if your are dedicated, resourceful and committed to your own success.

A Low Upfront Investment

One of the chief reasons many new businesses fail is the high level of up-front investment they require. Opening a restaurant can cost $100,000 or more, and starting a franchise can cost anywhere from $10,000 to $250,000 or more. With that much money on the line, simply making back your initial investment becomes a huge barrier to success, and it is no wonder so many would-be entrepreneurs never turn a profit.

The world of mobile app building is far different and much more affordable. With mobile apps, the upfront investment is very low, so you do not have to risk all your capital to get started.

All you need to start your new app building business is the right tools, including a quality website and some great custom software. You can even use services from companies like SDI to build your mobile apps for you, creating an instant business opportunity that you can start marketing right away.

Focus on Solving Real Problems

Building a mobile app is not a sure path to instant riches, and there are few overnight successes in the tech world. If you want to succeed in the app-building business, you will need to work hard. You will also need to know your audience, working hard to solve their problems and provide solutions to their real-world issues.

Think about the mobile apps you use every day, the ones you could not live without. From the traffic app that warns you about speed traps and guides you around construction zones to the messaging app that helps you stay in touch with friends and family around the world, every one of these mobile applications solves a particular problem. You can take a cue from your own experience when designing apps of your own.

Not every one of those apps will be a winner, but it only takes one killer app to make you rich. The top-selling apps for Apple and Android devices have been downloaded millions of times, and that means more money in your pocket.

Luck, Intelligence and Perseverance

While the creation of the commercial Internet and advances in technology have leveled the playing field and made success possible for millions of entrepreneurs, there is still no easy road to riches.

Even so, creating the next great app can be a great way to make money in today’s hypercompetitive world. Whether you are technologically advanced or just know enough to get buy, services that are provided by companies like SDI can help you turn your great idea into a mobile app every smartphone user will be clamoring for.

Success in the business world, including the world of app building, takes a combination of luck, intelligence and perseverance. Success rarely comes without hard work, but if you are willing to put in the effort, you just might become the next mobile app success story.

To get started and become a successful App entrepreneur contact us now at 408.805.0495/408.621.8481 – or contact us here!

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