5 Steps To Your Mobile App Funding

If you already have an mobile app idea in your mind, you are very likely to be eager to get started with it. Aye, you must get it rolling as time to market is very important once you have validated your business concept. A recent report by Technavio found that the mobile app market is expected to grow by $497.09 billion with a CAGR of 21% during the post Covid world 2020-2024. The report suggests that there is a positive impact of Covid-19 on the mobile app market.

Infographics Source: Businesswire

To transform your app idea from paper to an actual mobile app, the best option is likely to be to hire a mobile app development company, unless your best friend is an amazing coder. Be it in-house development or outsourcing, mobile app development is a proposition that requires significant investment. While depending on the app specifics and the feature sets, the cost of mobile app development varies. Generally, the mobile app development cost ranges between $15,000 to $80,000. It can go beyond the higher value depending on the app complexity and features.

Not just the app development cost, there will be many other overheads such as user acquisition and marketing, hiring, and other operational expenses. All of it means that if you do not have a significant amount of funds to self-finance your project, you will instead need to raise capital to build and operate your mobile app. So, how do you go about getting mobile app funding? What are the steps to seek funding for an app?

A general answer to these questions is that you gain mobile app funding the same as you would get funds for any other business or startup. You can raise capital from your business contacts or investors. People need to believe that your app idea can generate ROI (return on investment) and is worth investing in. Some mobile apps raise millions of dollars of capital even before pre-development, whilst others struggle to get investment even once the application is live. However, apps getting million-dollar capital investments usually pitch with a clickable prototype of the app. These prototypes clarify the app idea to the investors by illustrating the app functionalities. Click here to knowhow to build interactive mobile design prototypes.

How to Find Initial Funding For Your App Startup?
Most of the times when people think about raising mobile app funding for their startup, they immediately jump to venture capitalists. It is obvious as “Venture Capital Investments” is a very popular term. Venture capitalists make some of the biggest investments and are seen as the “big fish” in the startup funding world. So, venture capitalists is the obvious option, but what are the other options you can look at?

Navigating a Temporary Block on Facebook: Effective Solutions

Understanding the Reasons Behind Facebook Account Blocks
Facebook, with its vast network of over 2.9 billion monthly active users as of 2021, is a social media powerhouse that facilitates personal connections and business growth. The platform’s user-friendly features allow for seamless sharing, chatting, and multimedia communication. However, Facebook enforces strict community standards to maintain a safe and respectful environment. Violations of these standards can result in temporary account restrictions.

Here are some common reasons why Facebook might block your account:

Suspicious Activity: Facebook’s security algorithms may detect unusual behavior on your account, prompting a temporary lock to prevent potential harm.
Mass Reporting: If multiple users report your account as fake or for inappropriate content, Facebook may take action against your account.
Unauthorized Access Attempts: To protect your personal information, Facebook will lock your account if it suspects unauthorized login attempts.
Guideline Violations: Engaging in prohibited activities, despite warnings from Facebook, can lead to account restrictions.
Excessive Friend Requests: Sending too many friend requests in a short period can flag your account as spammy or suspicious.
Effective Strategies to Restore Your Temporarily Locked Facebook Account
If you find yourself locked out of your Facebook account, there are several steps you can take to resolve the issue:

Submit an Appeal
Visit the official Facebook website.
Enter your email address or phone number associated with your account.
Provide your full name as it appears on your Facebook profile.
Attach a copy of your ID to verify your identity.
Seek Assistance from Friends
Navigate to the Facebook login page.
Enter your username and password.
Select the “get help from friends” recovery option.
Choose a trusted friend from the list provided and continue.
Your friend will receive a security code.
Obtain the code from your friend and enter it into the designated field.
Upon successful code verification, your account will be unlocked.
These methods can help you regain access to your Facebook account with minimal hassle. For additional support, you can always visit the Facebook Help Center.

Lesser-Known Statistics and Insights
While the common reasons for account blocks are widely known, there are some interesting statistics and insights that are less talked about:

Account Recovery Success: According to Facebook’s transparency report, millions of users submit account recovery requests each year, but the success rate varies widely based on the accuracy of the information provided.
User Behavior Analysis: Facebook employs advanced machine learning algorithms to analyze user behavior patterns, which can sometimes lead to false positives in account blocking.
Global Differences: The standards for account blocking can differ based on regional laws and cultural norms, leading to a varied experience for users worldwide.
By understanding the intricacies of Facebook’s policies and the reasons behind account restrictions, users can better navigate the platform and avoid potential blocks. Remember to always follow Facebook’s community guidelines and use the platform responsibly to ensure a positive social media experience.

Hybrid vs Native App Development: Why Hybrid Takes the Lead

Understanding the Mobile App Landscape
Mobile apps are an integral part of our daily lives, with users expecting seamless performance and engaging experiences. The choice between native and hybrid app development can significantly influence the success of your mobile application. Native apps are designed for specific platforms like iOS or Android, using platform-specific programming languages such as Swift and Objective-C for iOS, and Java or Kotlin for Android. On the other hand, hybrid apps employ web technologies like HTML, CSS, and JavaScript to create a single application that operates across multiple platforms.

The Significance of User Experience
The user experience (UX) is paramount in mobile app development. While native apps have historically provided superior UX due to their platform-specific optimization, hybrid apps have made significant strides in closing this gap. According to a Kinvey report, businesses find that developing a mobile app is challenging, with 56% rating their experience as ‘somewhat challenging’ to ‘very challenging’. The choice between native and hybrid can influence this complexity.

Native vs Hybrid: A Comparative Overview
Native apps are renowned for their high performance and ability to leverage device-specific features, making them a popular choice for applications that require complex calculations, high graphics performance, or tight integration with device hardware. Financial institutions often prefer native apps for their enhanced security features.

Hybrid apps, however, offer a compelling advantage in terms of development speed and cost-effectiveness. By writing a single codebase that works on both iOS and Android, developers can bring an app to market more quickly and update it simultaneously across all platforms. This approach is particularly attractive for small to mid-sized companies and startups operating with limited budgets and tight timelines.

The Evolution of Hybrid App Technologies
The landscape of hybrid app development has evolved dramatically, thanks in part to frameworks released by tech giants like Google and Facebook. For instance, Google’s Flutter and Facebook’s React Native have bridged the gap between the performance of native apps and the versatility of hybrid apps. These frameworks allow developers to create apps that are nearly indistinguishable from their native counterparts in terms of user experience.

The Hybrid Advantage in Numbers
Statistics reveal a growing trend towards hybrid app development. According to a Statista survey, as of 2021, 42% of software developers used React Native, making it the most popular cross-platform mobile framework. This indicates a significant shift towards hybrid app development practices.

Case Studies of Hybrid Success
Some of the most popular apps in the market today are hybrid. Instagram, Uber, and Twitter have all leveraged hybrid development to their advantage, achieving widespread adoption and high user satisfaction. These success stories underscore the potential of hybrid apps to deliver robust, scalable, and user-friendly experiences across multiple platforms.

Conclusion: The Hybrid Horizon
The debate between native and hybrid app development is less about which is superior and more about which is most suitable for your specific business needs and goals. With the advancements in hybrid app technologies and the increasing demand for cost-effective, cross-platform solutions, hybrid apps are proving to be a winning strategy for many businesses looking to make a mark in the mobile app space. As the technology continues to mature, we can expect hybrid apps to play an even more prominent role in the future of mobile app development.