Flip This App: Secondary Mobile App Market Quietly Taking Off 39
alphadogg writes "The practice of flipping is probably most familiar to the general public from reality TV shows like 'Flip This House' on A&E. The idea is to buy a house for a lowish price, fix it up a bit, and then sell it on to a buyer, hopefully at a profit. Now, the secondary market for Android and iOS apps is beginning to see the same pattern. App creators without the time or inclination to service or monetize their apps can simply sell them off for a flat, up-front sum of money. Buyers can then either tweak them as they like or not, and either attempt to monetize them themselves or re-sell the apps to still another party. 'Probably 80% of people who want to get involved in mobile either don't know how to code an app or don't know an app developer,' says the founder of one app trading site. 'So there's this massive demand, but kind of a little bit of a barrier to entry.'"
80% of people .... (Score:4, Interesting)
'Probably 80% of people who want to get involved in mobile either don't know how to code an app or don't know an app developer,'
Well, 80% of people who want to get involved in brain surgery don't know how to operate on the brain or don't know a brain surgeon.
If you know jack shit about development,don't get into development, you freak.
Re:Missing the commissions (Score:4, Interesting)
may associate flipping with the recent bubble - it's been going on for a long time. Flippers make their money wherever prices are rising
Although they have the same name, there is little relationship between old style home remodelers and the HGTV viewer inspired flipping.
One (older) type of flipping involves actually knowing what you're doing basically being your own GC and also putting up your own financing money, the other is TV infomercial fodder like "You painted your living room beige, house value just went up $75000"
That's because nobody mentioned a bubble
Using the new definition of flipping, any flipping is a bubble activity. Using the older "real" definition OK theoretically possible.