![]() ![]() I’m also working on some new projects like Mastermind Hunt and Podtuber with co-founders who share a portion of the equity. He eventually dropped out, and I found a new developer through my network (friend of a friend). I found the original co-founder for Money Mola on a site called Founder Dating. Because his ownership stake is worth more if the app is a hit, he is motivated far more than an hourly worker to build a high quality product.įinding a co-founder is not always easy, however. If the business succeeds, he succeeds along with it. This costs me less personally in the short-term, but possibly quite a lot more in the long-term.īut in exchange for handing over a percentage of the business, the developer has some skin in the game. However, the developer owns a meaningful share of the business, and a stake of future profits. By partnering with a great team, I don’t have to pay a developer out-of-pocket. We are a dispersed team with a developer in Michigan, a marketing leader in Chicago, and me here running the show from Southern California. This is the strategy I am using for my financial technology startup, Money Mola. Instead, you can bring on a partner to build the app while you focus on the parts of the business where you can contribute to success. If you want to build a long-term business, hiring workers for one-off projects on an hourly basis across the world isn’t the most sustainable or logical way to go. My Kosher Fish apps for iOS and Android were built similarly, though by a team in Ukraine. We are still adding features and putting the polish on, and I have budgeted 5 hours per week of developer work from the team in India to keep the project going. I am using this strategy currently to build the app Community Sharer, a new platform for curated sharing on social media from a list of trusted, community sites. Of course, you can always hire a US based worker where you are likely to get the best results, but you’ll pay a lot more for an American than most foreign locations. Indian and Filipino developers are best when you have a very limited budget, but expect a lot of handholding, some fixes, and very detailed instructions if you want to see a successful result. ![]() ![]() These workers tend to be much cheaper than the United States, but more than places like India and Philippines. Online freelancers in this region are more likely to speak English and deliver a high quality product. Think countries like Ukraine, Czech Republic, Romania, Poland, and Croatia. I generally find the best results come from developers in Eastern Europe. I have worked with about a dozen developers on UpWork over the years. The cheapest place to start is an online marketplace like Fiverr or UpWork, but sometimes you get what you pay for. There are a few routes you can take here depending on your budget, timeline, and goals. The first place to look when you need to build an app but don’t know how on your own is a coder who already knows how to build an app. ![]()
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