The Business of Flipping Apps

Like any other kind of software development, it is important to note that a mobile app is also intellectual property. When looking to purchase a mobile app it is wise to ensure you are purchasing everything connected to the app. Ideally, as a buyer, ensure all of the rights to that app are clearly outlined and agreed upon prior to forking over cash.

As the mobile app market grows, and flipping apps becomes more prevalent, so does the need for transparency, regulation and facilitation of app deals. “Buying source code is the fastest and cheapest way to get started in the app business. It’s a lot cheaper than paying for a full-time developer for a few weeks, and it’s a lot faster and less hassle,” according to Chocolate Lab Apps. Ease of entry makes mobile app flipping attractive to potential investors.

There are several mobile app code marketplaces and forums dedicated to the practice of app flipping, and designers and developers selling their services on freelance sites. Marketplaces, like Chupamobile, are popping up where anyone, even with small or no coding experience, has the opportunity to buy professional Apps and Games, ready to be customized and distributed on the App Stores. Meanwhile, private investment companies have emerged for buyers looking to acquire mobile apps from developers.

However, the key to successfully flipping mobile apps is finding reasonable prices and connecting developers with buyers without high mandatory fees for services.

Otherwise, mobile app flipping is a rapidly-growing investment strategy for young entrepreneurs. And for tech savvy business owners it is a low risk and sensible way to develop a unique and technology driven investment portfolio.

This article has been edited and condensed.

William (Dann) Alexander is a freelance writer based just outside of Halifax, Nova Scotia Canada. He has written content for a variety of different websites on different topics and is a supporter of animal rescue causes around the globe. Connect with @writerDann on Twitter.

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