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Developing and selling software...

Discussion in 'General Business' started by iScotts, Apr 26, 2011.

  1. #1
    Hi everyone.
    Im looking for advice on the following.

    OK If I were to open an online software development store where, i develop and sell my software.since i will outsource the software development part so i will have to pay the freelance developer in full and sell the soft to make the money back.

    1. After how long should I estimate to get back the money i spent? I know it will depend on how much i spent but on average how long.

    2. If it takes me 1 year to get the money I spent (from my own pocket), does that mean I wont make any profit until I have made the money back?

    3. Being that im selling software and it it is a "buy once sell forever" type of product. How do i determine how much of the product i should , at least, sell every month. I know this will be determined by how much I have to spend every month like rent, hosting etc. But after all of that has been covered how much do I add in order to get back the money I spent to develop the software, assuming the cost it to much to be made in the first month?

    4. How mcuh of the profit should i put back into the marketing?

    5. Do i market the site or the product im selling.
     
    iScotts, Apr 26, 2011 IP
  2. Jakiller

    Jakiller Member

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    #2
    2. If it takes me 1 year to get the money I spent (from my own pocket), does that mean I wont make any profit until I have made the money back?

    That one is pretty obvious, isnt it...?
     
    Jakiller, Apr 26, 2011 IP
  3. iScotts

    iScotts Active Member

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    #3
    What i meant by that one is does ALL the money go back back into paying back what i spent.
     
    iScotts, Apr 26, 2011 IP
  4. jhardy2008

    jhardy2008 Peon

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    #4
    I think you must do Search Engine Optimization of your website. Try to make user friendly website related to your products. It increase your revenue.
     
    jhardy2008, Apr 26, 2011 IP