Can one make 500,000 to 3,000,000 from Android app development in 1-3 years?

This is a broad question. The quick answer is yes!

The longer answer: A path to success

The longer answer is yes, but it will require a lot of time, energy, and dedication. Earning the amount above by becoming an Android developer is unlikely. However, if you are using your Android development skills to create apps that can be useful to a wide range of audiences, it is entirely possible.

Focusing on the product, not just the money

I would recommend focusing first on the product rather than how much money it can earn. Of course, it is important to do your homework on market opportunities, competition, and general due diligence. Taking time to identify and define your product goals can help you make informed decisions.

Breaking down the goal

To clarify your goals, consider breaking them down into smaller, more achievable steps:

Monthly and daily downloads

Start by thinking about what it means to generate 500,000 to 3,000,000 in revenue over three years. This will involve figuring out the number of monthly and daily downloads required to achieve those figures. For instance, an app that brings in $500,000 in revenue could require several million downloads over three years. Break this down further to understand how many downloads you need per month and per day.

Revenue models: Paid vs. Ad-supported

Consider the differences between paid apps and ad-supported apps. A paid app may require fewer overall downloads but higher revenue per download. An ad-supported app might require more downloads to generate the same amount of revenue. Factor in user acquisition costs to see how many users you would need for each model.

Recurring revenue vs. one-time sales

Think about whether you want to pursue a recurring revenue model or a one-time sales model. A recurring revenue model, such as a subscription service, can be more stable but may require convincing users to opt into a recurring payment. A one-time sales model, like selling the app for a one-time payment, can generate higher upfront revenue but may not be as sustainable in the long run.

Next steps: Exploring your ideas and building a strong strategy

Approach your ideas strategically. Define clear goals, set realistic timelines, and identify potential challenges. Once you have a solid understanding of what you want to achieve, start developing and testing your app.

I hope this will help you continue exploring your ideas and making informed decisions. Best of luck with whatever you end up building!

Note: This article is designed to help provide guidance and insights for Android app developers looking to achieve significant revenue goals. Remember that success in the app development industry requires a combination of technical skills, market knowledge, and strategic planning.