The ever-evolving technology world has many facets that offer lucrative opportunities. The evolution of smartphones and our reliance on them has changed the way we communicate, travel, function or think. Many entrepreneurs are jumping on the bandwagon to create smartphone apps that can help mint money for them.
There are many famous examples of mobile apps that went very big after starting at a tiny stage. Whatsapp, Calm, Webtoon and Weverse are famous examples of it. Having a groundbreaking app idea can help you begin your journey towards how to sell an app idea.
This blog can help you if you are an aspiring entrepreneur, a seasoned developer, or simply have a big vision for an idea that you think has a huge potential. This guide will help you navigate the process of the concept of the app and how to pitch it to investors.
App Concept
Before selling your app’s concept idea to somebody, it is essential to know that there is a market for it. Understanding the foundation behind the need for an app can help to sell the application idea very quickly.
- Define Idea
Begin by defining the need for your application in the market. The basic understanding forms the wireframe of the application. It helps to know the pitch that will be presented to the investors. Find what sets your application apart from other applications in the market.
- Conduct Market Research
Market research includes going through the existing apps in the market and their user base. This helps figure out what features we have/ will be providing that are similar. You can also see how the applications are positioned and the technologies that are used to create them.
Analyzing trends helps to gain dynamic insights, such as new technologies, which can help to sustain the application for the longer term without going outdated.
- Find USP
After finding research insights, find a USP (Unique Selling Proposition) that you can add to your application. Your USP must ensure your application is different and becomes a priority for the users.
Make sure your USP can not be copied easily, or else it’ll lose its charm. Many popular Web and Mobile applications lose their chances and get replaced easily once a competitor has copied the same functions or user interface.
Create Strong Pitch
Once the application concept is finalized, it is time to decide how the application will be pitched to the investors. The pitch should effectively communicate the value the app provides. A well-crafted pitch helps to generate and maintain the interest of potential investors.
- Elevator Pitch
An elevator pitch is a concise and captivating pitch that conveys the idea of an app in a summary. An elevator pitch is always clear and focused on the point, including the primary area of what the application is, what the target audience will be, and how the app will help to deliver its expectations.
- Develop a Story
Create a narrative that supports the application story. The app needs to connect with the audience on an emotional level. Hence, it must have some elements that make it more humane. You can also add anecdotes, summaries and experiences to make it more emotional. Positive emotions such as humor, happiness and imagination can be used to make the pitch more memorable.
- Highlight Key Features
Highlight key features that focus on why your application is better than the competition that is already present in the market. Please focus on the uniqueness the application provides and how it enhances the user’s experience better. Use visuals or prototypes to give a sense of engagement with the app.
Building MVP
After conceptualization is completed, it is time for execution. MVP (Minimum Viable Product) validates the idea of the app. MVP helps gather initial feedback and shines a light on the functionality of the app.
- Prototyping
The prototype allows us to test the feasibility and usability of the app idea. It shows potential challenges that come in the way. Identifying these challenges early helps to protect them and give a proper idea of the vision. Prototype helps in collaborating with team members and coordinating so the UI (User Interface) and UX (User Experience) can be finalized.
- Choosing the Tools
Selecting the tools for app prototype includes wireframing and advanced production platforms. Ease of use, collaboration, compatibility, and development in the environment must be hostile to new ideas. Explore prototyping methods to finalize tools that give the best results.
Creating strong Presentation
Creating a solid presentation is essential to showcase the true potential of the app. A well-designed presentation can help to convey the idea behind the creation of the app and how it has the potential to disrupt the market or be successful compared to other competitors in the market.
- Visual Design
Create professional designs that can have a substantial impact on investors’ decision-making, including eye-catching graphics and images that focus on key points and allow the audience to immerse in the Presentation.
- Structured Method
Organize presentations in a structured manner that guides the audiences and molds them into a direction. Attention-grabbing and maintaining are important while creating a presentation. Clearly outline the app’s potential and benefits to investors to increase their interest.
- Pitch
Rehearse the pitch multiple times before delivering it. A smooth delivery helps to close the deal quickly. Articulating the essential points and using an engaging tone while delivering the pitch boosts the confidence of investors. Get suggestions from peers and subordinates to redefine the final pitch deck.
Conclusion
Turning the app idea into reality and selling it requires creativity, strategy and effective communication. Many steps need to be explored essentially to make sure the app idea is sold like a pro. Defining the app concept and adding USP helps to sell and deliver the application.
Also Read: Network Security and its Benefits
Showcasing the potential of the app goes a long way. Designing a visually stunning presentation in a structured manner can generate interest among investors and help them successfully close the deal.
