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.
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...?
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.