Michael Chiang, an entrepreneur from Manhattan, joins The Expat Money Show to discuss app development and offers four steps to save months of effort. He specializes in pet-related apps and co-founded FitBark, a dog activity tracker available in over 125 countries. His latest venture, JoyRide, is a mobile trivia game played during Uber rides, where winning covers the ride's cost.
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WHAT WE DISCUSSED IN THIS INTERVIEW:
Why pivoting an idea in a new direction can make you moneyThe beginning of Augmented Reality apps (AR)Why 200k downloads in 4 days can still be considered a failureLooking for problems to fix can make you a good entrepreneurHow having the mindset of an athlete can set you up for success in business
4 KEY STEPS TO BUILDING AN APP:
Share your idea with a trusted circle and beyond to get feedback, ensuring your concept is clear and needed in the market.Build a trustworthy team from your network who understands and supports your vision.Create a Minimum Viable Product (MVP) quickly to test its viability and gather early feedback, failing fast if necessary.Ensure proper funding, aiming for $10-20k USD to develop and test your MVP, allowing flexibility to pivot if needed.
HOW TO FIND MICHAEL'S WORK:
Check out PlayJoyRide.com to learn more.Instagram: iAmMikeChiangTwitter: iAmMikeChiang
BOOKS WE DISCUSS:
Malcolm Gladwell Outliers: The Story of SuccessThe Tipping Point: How Little Things Can Make a Big DifferenceBlink: The Power of Thinking Without ThinkingDavid and Goliath: Underdogs, Misfits, and the Art of Battling GiantsWhat the Dog Saw: And Other AdventuresPhil Knight (This book was also recommended by Ryan Lee, an expert on books, in Episode #8)Shoe Dog: A Memoir by the Creator of Nike
It was fantastic having Michael on the show if you would like to get in touch with him, you can hit him up on Twitter at @iammikechiang
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After 17 months of bureaucracy, my partners and I successfully got our permits for Veritas Panama! This is the fully off-grid community we are building in the highlands of Panama.
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