Those who take the trouble of keeping themselves updated about the latest developments in the field of mobile phones know that quite a few people have been making some quick cash by launching iPhone apps that people can download into phones and uses as and when required. Since people have discovered the convenience of getting things done through their smartphones, they are ready to pay if they find apps that really add value to their lives.

You must have heard of people making fortunes within a few months because they managed to develop apps or games that everyone wanted to download. All this is possible because Apple allows third party developers to sell custom iPhone applications through the iPhone App Store. Since a large number of mobile phone users are opting for iPhones, the market for custom iPhone applications is only going to increase in the future.

The reason why this is a viable source of revenue is that Apple has made a platform that makes the task of creating new applications quite easy. The software development kit (SDK) through which these apps are designed have a wide range of tools. Moreover, developers are free to set any price for the applications that they design. They just have to pay an annual fee to Apple for hosting their application. They also have to give 30% of the proceeds of the sale. Since 70% is available to people who have developed the app, developers stand to make handsome amounts if they manage to make a custom iPhone application that many people wish to use.

The range of apps available through smartphones is vast. Some of the apps are just to-do list generation programs while others are complex games. All that you have to do is find a way in which people could either save time or energy, or simply entertain themselves through an app. Once that is done, you may get in touch with an application developer. They will be able to create the app for you if you do not have the technical knowledge to do it yourself.

One of the most interesting ways of making money through custom iPhone applications is including advertising in the apps. This will ensure that you make money in one more way. Since people often use these apps on a regular basis, companies are only too happy to use these as platforms for advertising.