I know several people who got very wealthy over the last few decades. I know a few people who got very wealthy over the last few years too. No matter how slowly or quickly they did it, they both have one thing in common. They both bought into a position that grew in value.
Let’s take a step away from talking about iPhone App Programmers, Android Programmers, Magento Programmers and the new Google Glass for a moment. You’ve all heard of Samsung and LG. You’ve also heard of Hyundai and Tae Kwon Do. Well, all that happened after 1980.
Before 1980, you could buy a house on it’s own plot of land in the middle of Seoul for about the cost of a house in the slums of Alabama. About the cost of a Hyundai today would buy you a house. Today, you can’t buy that house. They don’t exist. They’ve all been mowed down and converted into skyscraper apartments that each cost more than $1 Million.
What happened in the last 20 years?
The whole country decided to take a capitalist economic position with dictatorial political leadership. So Samsung and LG and Hyundai rose from selling rice to selling smartphones and automobiles that rival the world’s best. To do that, they had to bring in engineers and experts from around the world. That is how the cost of real estate exploded and that is how the poor rice farmers in Seoul became near-billionaires.
They were in the right place before a major transition.
If you were one of the first 500 iPhone app programmers that Steve Jobs and Guy Kawasaki personally invited to develop for the iPhone One, you were also in the right place before a major transition.
Now, if you build an ios app for iTunes, you’ll have to invest about $30,000 in marketing to maybe have a shot at breaking 100 downloads. That’s because Steve spent millions of dollars marketing the iTunes store in the beginning. And only 500 apps where there to benefit from all that attention. Now, there are over a million apps.
So where should you go now?
Google, Android, and Jelly Bean are all positioned for a major transition in the world: VUI with Google Glass. If you build an app with voice user interface capability on Google Glass, you’ll be able to control your TV, computer, car air conditioning, garage door opener, and anything else that currently has a control panel. Google Glass will build a UI control over everything- even your microwave oven.
What that means is that even if you’re sitting on the couch and you can’t read the display on your microwave, with eye-tracking, Glass will know you’re talking to your oven when you say, “reheat pizza.”
The next blog post will present the biggest opportunities for Jelly Bean programmers who want to build an app for Google Glass. For that next blog post, visit https://janvanderwijk.wordpress.com/ again in a few days. If you want an alert, subscribe at http://sparkah.com/private