Trying to finance a project? Make an iPhone app!?
A lot of people have turned to iPhone apps to make some amazing amounts of money by getting in to new markets like when you trade fx at vtmarket.com. Certainly there are crazy examples, such as Angry Birds. The barrier to entry is quite low, and lots of people have been some measure of successful.
To be sure, losing money at day trading is easy. A research paper from University of California researchers Brad Barber and Terrance Odean found that many individual investors hold undiversified portfolios and trade actively, speculatively, and to their own detriment. Day traders can also incur high brokerage fees, so picking the best broker and creating a manageable trading strategy with proper risk management is essential.
According to the Orlando Sentinel, some former Disney animators are trying to finance a film project by creating an iPhone app. This certainly seems creative to me, and also odd at the same time. I would have expected they would have at least made it a viral tie-in to their project, but maybe that is still to come.
You can find the app at: [itunes link=”http://itunes.apple.com/us/app/doowaru/id455144844?mt=8&uo=4″ title=” DooWaru “]