Understanding The Disadvantages Of Creating Your Own Software For Sale On Internet
The internet boom of the mid 90s saw many software programmers leave their lucrative jobs with the programming giants like Microsoft, IBM, Accenture etc. to start their own venture. Many students dropped out of college and started writing software codes that revolutionized the world, after all Google is the brainchild of two college dropouts. Many of those who left their jobs or education to pursue their dreams have made their millions and even billions online but what about all of those who haven’t?
You might be a good programmer and even have a great idea to begin with but is it worth all the effort? Let’s look at the disadvantages of creating your own software and selling it on internet.
Software development is a step by step process. The first step involves conceptualization of an idea. The next involves the actual coding process. The third step involves testing and debugging. After that you will need to hand out free copies of your software to check if any bugs have gone undetected. And then finally, the last step involves marketing and selling the software.
Once you’ve created your software, if there are too many people selling something similar to it there will be very few sales. And if there are few takers for your software because of a very limited market then you’ll find it difficult to break even quickly.
Apart from that there are several other issues which highlight the disadvantages of creating your own software as against the advantages of creating your own software. One of the biggest problems being that of providing a support system - either a 24 hour email or a 12 hour telephone support in case the code breaks down.
Also, the other disadvantage of creating your own software and selling it is that of constantly upgrading it. Every day many new software are launched. Every year a new operating system hits the market and if your software is not compatible with them then your customers will soon desert you. Thus, every software you create will always keep you on your toes and you’ll be spending a lot of time creating patches, updates and debugging.
Until and unless you have at least a small team of 8-10 programmers, it may not be advisable to create your own software for sale on internet. It takes a lot of time from conceptualization to the first sale and then to actual break even.
There are many other ways in which you can make money online such as selling ebooks and resaleable programs made by other people. The less the time that you spend on creating a product the better the returns would be. Spending more time on marketing would mean making more sales and ultimately that would mean that you make more money faster.
You can purchase PLR rights to a software and eBooks, put your name on them and then sell them at a lower price. This way you’ll cut short the process to just marketing and make sales because when you sell eBooks. One thing that you never have to worry about is updating them and any kind of software compatibility. Also, when you sell ebooks and other resellable digital products the profit margin is 100% because you don’t need to pay any royalty to anyone for creating them for you.
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