Stephen King wrote in his book On Writing, “Books are a uniquely portable magic”. This statement could not be any truer. Today, people are carrying a whole library of books in their pocket in their smartphones, eReader or tablets. All of this has been possible because of eBook app development services.
The evolution and advancement of technology have made it possible for millennials to read more books with easy availability as compared to their parents and grandparents. There are millions of books present in an on demand eBook app for the readers to enjoy any book at any time of the day.
It is a universal truth that with demand comes supply. The demand for the facility to read more books on the go, hence, the eBook market is flourishing. There could not be a better way than developing an app for eBook and also earning high revenues from it.
In this blog, we will talk about the eBook app development journey including the functionalities, monetization strategies, eBook market, and various other things.
Mobile applications have become an important part of our lifestyle. We tend to check our phone every second minute. The heavy usage of mobile apps has resulted in the high revenue generation of many businesses and hence, there are thousands of apps being launched in the market every day on every platform.
According to Statista, the revenue of the eBook marketplace is expected to reach USD 23.12 billion by 2026. There are a lot of statistics on the internet showing the usage and importance of eBooks and their success over the years. By 2018, the US had approximately 90.5 million e-readers which are expected to grow exponentially in the coming years.
For a bookseller, getting eBook app development services has proven to be beneficial as it helps in the growth of sales and revenue. The benefit is not only on the number of books but also, customer loyalty. Your app will enable the users to purchase the book from the app instead of going to the store and buying it.
When a consumer likes your app like Wattpad and enjoys a book, you’ve built a strong client base, and that client keeps coming back to your app, increasing your income stream.
There are mainly two types of eBooks with a subtle difference between them, looking from the user perspective. Before getting started with the eBook app development process, you must decide which one you will be focusing on.
A person who is a real reader allows other people to read books at any time and in any format including pdf, epub, fb2, etc. Your eBook app will enable its users to pick, download and stream any book online or offline at any period.
This will be the best choice for the booksellers who offer digital copies of the books as their products. There are many existing apps of this kind in the market like Amazon Kindle, Wattpad, Google Play Books, Apple Books, etc.
When you reach out to the right mobile application development company, they will let you know the right app for you. You will also be informed about the functionalities and technologies you must choose to make your app deliver the best services and stand out from the competition. You will also know the ways to earn money from your app and the right marketing strategies for your target market.
For an excellent eBook app development journey, you must choose a one-page business model plan like Lean Canvas. This will help you manage all the vital information and create a workable business model to organize all your important data.
Here we have discussed some of the important points you must keep in mind for your eBook app development to make an app like Wattpad:
You don’t have a large audience when you’re just starting with your ebook business. As a result, pick a single probable speciality that will appeal to a large number of bookworms. Define the speciality that appeals to you. It may range from comic novels to romance and mystery, thrillers, drama, and adventure, among other genres.
Choose a cool niche that is characterised by genre, theme, locale, author ethnicity, and so forth. The possible niche will aid in the growth of your app’s readership, allowing you to gradually focus on numerous niches.
To adopt the appropriate marketing techniques, the app must first determine its target audience. And determining the target audience for an ebook app is more difficult than determining the target audience for other mobile apps. Not everyone enjoys comic books, not everyone enjoys romance novels, and not everyone enjoys historical literature; some individuals prefer literary fiction or fantasy.
Hence, when you are planning to go for eBook app development, you must make sure you have researched the market thoroughly. You should be able to answer questions like how many people prefer reading eBooks, how often they want to read and how much money they can spend on purchasing and reading?
In your planning process of eBook app development, you must also keep the features into consideration. These features and functionalities determine how will your app function in the marketplace and users like it. Below are some of the main features for your eBook app:
Apps frequently adopt a freemium model, in which users may download the app for free and then purchase books from an in-app shop. Another option is to provide a monthly or yearly membership that allows customers to read as much as they like on the app.
Many ebook apps, such as Wattpad, employs a mixed revenue model to maximise the app’s potential. With a monthly membership to Wattpad, consumers may read as much as they want from its selection of books and magazines. It also continues to sell books in the classic sense.
The cost of eBook app development depends on many factors including features and functionalities included, technology stack used, platforms integrated, cost of hiring the right developers or development company, etc.
An MVP for eBook app development like Wattpad takes about 5-6 months on average for a mobile app development business. The cost of developing an MVP is between $15k and $20k, depending on the complexity and quantity of features. Furthermore, the location in which the development business is based has a considerable impact on the cost of developing an ebook app.
eBook app development linked to online ebook stores will continue to expand in market niches, providing a handy method for consumers to discover new reads in a certain speciality. This will also help in generating cash for indie writers and small publishing companies. While starting an eReader business is difficult and takes a significant investment of both time and money, the profit potential is not insignificant.
We at Apptunix provide both development and consulting services. We’ll gladly share our knowledge of eBook app development for both platforms – Android or iOS if you have any questions. For a consultation and a quote, please use our contact form.
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