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  • 00:00

    Hey, this is the Daily Overpass! My name is Eric and I make apps! Now today, I want
    Hey, this is the Daily Overpass! My name is Eric and I make apps! Now today, I want

  • 00:05

    to ask, "Is it worth it?"
    to ask, "Is it worth it?"

  • 00:18

    Alright, so it's a beautiful morning. It's starting to turn a little bit more
    Alright, so it's a beautiful morning. It's starting to turn a little bit more

  • 00:22

    from winter into spring, and it's a fantastic day. I thought I'd get out of
    from winter into spring, and it's a fantastic day. I thought I'd get out of

  • 00:26

    the office a little bit, come outside a little bit today. So, over the weekend, I
    the office a little bit, come outside a little bit today. So, over the weekend, I

  • 00:30

    was watching - over last weekend I was watching a video where they were show
    was watching - over last weekend I was watching a video where they were show

  • 00:34

    clips of different - one of these motivational ones, you see them all over
    clips of different - one of these motivational ones, you see them all over

  • 00:37

    the place, and we're showing some clips from Warren Buffett. And he was talking
    the place, and we're showing some clips from Warren Buffett. And he was talking

  • 00:40

    about his investing strategy where he only invests in things that he knows
    about his investing strategy where he only invests in things that he knows

  • 00:43

    really well. Things that he knows who has a good chance of making a return.
    really well. Things that he knows who has a good chance of making a return.

  • 00:48

    And I think, I was watching this and like everything I apply it to being
    And I think, I was watching this and like everything I apply it to being

  • 00:52

    an app developer. Because one of the things we do as app developers is we're
    an app developer. Because one of the things we do as app developers is we're

  • 00:55

    constantly investing. I talked before a few years ago about how apps are - they're
    constantly investing. I talked before a few years ago about how apps are - they're

  • 01:00

    not just apps something we do because they're fun, although sometimes we look
    not just apps something we do because they're fun, although sometimes we look

  • 01:04

    at apps as an investment. All the time and money I'm putting into this, am
    at apps as an investment. All the time and money I'm putting into this, am

  • 01:08

    I gonna make that back at least break even or is it just gonna be a sunk cost?
    I gonna make that back at least break even or is it just gonna be a sunk cost?

  • 01:13

    Yesterday, I was talking to a salesperson. It was like a ASO type of
    Yesterday, I was talking to a salesperson. It was like a ASO type of

  • 01:19

    company, so I thought, you know, they pick - I get contacted by a lot of ASO
    company, so I thought, you know, they pick - I get contacted by a lot of ASO

  • 01:24

    companies as well, but yeah, might as well hear them out. So, we had a quick
    companies as well, but yeah, might as well hear them out. So, we had a quick

  • 01:28

    chat and he was talking about some of the ASO strategies. I thought it sounded
    chat and he was talking about some of the ASO strategies. I thought it sounded

  • 01:31

    pretty good, all the different machine learning techniques they had and
    pretty good, all the different machine learning techniques they had and

  • 01:35

    everything. I said, "Oh, that sounds - that sounds pretty good." When we got to the
    everything. I said, "Oh, that sounds - that sounds pretty good." When we got to the

  • 01:37

    price it was like - it was like pretty high. I was like, all of these kind of
    price it was like - it was like pretty high. I was like, all of these kind of

  • 01:42

    services, they're really high. The question I had in my mind I could do
    services, they're really high. The question I had in my mind I could do

  • 01:46

    with everything else is, if I were to spend this much money would I make the
    with everything else is, if I were to spend this much money would I make the

  • 01:50

    investment back? So, if I just feel like - so this we're talking like, we're talking
    investment back? So, if I just feel like - so this we're talking like, we're talking

  • 01:54

    like nearly ten thousand pounds or ten thousand. Yeah, ten thousand pounds it was
    like nearly ten thousand pounds or ten thousand. Yeah, ten thousand pounds it was

  • 01:57

    a British company. So, we're talking about nearly ten thousand pounds and I
    a British company. So, we're talking about nearly ten thousand pounds and I

  • 02:01

    had to think, you know, if I spent ten thousand pounds and I've got back a
    had to think, you know, if I spent ten thousand pounds and I've got back a

  • 02:05

    hundred thousand, then yeah, that would be a no-brainer. But the thing about
    hundred thousand, then yeah, that would be a no-brainer. But the thing about

  • 02:08

    investments is you never know. With Ear Spy, I spent a couple hundred dollars,
    investments is you never know. With Ear Spy, I spent a couple hundred dollars,

  • 02:12

    oh no, a couple a couple of thousand dollars, you know, like less than
    oh no, a couple a couple of thousand dollars, you know, like less than

  • 02:18

    five thousand dollars for both the iPhone and the iOS app. It was, I
    five thousand dollars for both the iPhone and the iOS app. It was, I

  • 02:21

    went really cheap. Over the years, I add a lots of stuff to it, so you know,
    went really cheap. Over the years, I add a lots of stuff to it, so you know,

  • 02:26

    it's constantly evolving and stuff like that. But over the last
    it's constantly evolving and stuff like that. But over the last

  • 02:29

    five years, it's made what 250 thousand something like that. Now, I have other
    five years, it's made what 250 thousand something like that. Now, I have other

  • 02:34

    apps which I put a lot of time and more time and more money into, which just went
    apps which I put a lot of time and more time and more money into, which just went

  • 02:38

    flat. So, it's constantly trying to think about this kind of stuff. Also
    flat. So, it's constantly trying to think about this kind of stuff. Also

  • 02:43

    today, I have like a lot of interviews scheduled, so you know, I told you I was
    today, I have like a lot of interviews scheduled, so you know, I told you I was

  • 02:47

    gonna hire somebody. I got a lot of interview schedule. It's the same kind of
    gonna hire somebody. I got a lot of interview schedule. It's the same kind of

  • 02:50

    thing. My worry going into it is that am I gonna make the return back. If I
    thing. My worry going into it is that am I gonna make the return back. If I

  • 02:55

    hire someone, are they gonna double my productivity? Are they gonna have it? It
    hire someone, are they gonna double my productivity? Are they gonna have it? It

  • 02:58

    was gonna be somebody who asked a lot of questions or is it gonna be something
    was gonna be somebody who asked a lot of questions or is it gonna be something

  • 03:01

    that just like - it's gonna be something that just adds
    that just like - it's gonna be something that just adds

  • 03:04

    another cost or is it something that's gonna actually help the company grow. It
    another cost or is it something that's gonna actually help the company grow. It

  • 03:08

    should, I mean, it should do the latter if I'm doing my job right. And the thing
    should, I mean, it should do the latter if I'm doing my job right. And the thing

  • 03:10

    about this is, it's so hard to know for certain. If somebody - like if I
    about this is, it's so hard to know for certain. If somebody - like if I

  • 03:15

    hire somebody, it's not as easy as if I hire somebody and I can fill out their
    hire somebody, it's not as easy as if I hire somebody and I can fill out their

  • 03:18

    time for more than they make. It's more like can they release enough of my time?
    time for more than they make. It's more like can they release enough of my time?

  • 03:22

    Can they make things run more smoothly? Can they help us increase our income
    Can they make things run more smoothly? Can they help us increase our income

  • 03:26

    going forward? And a lot of the type of things we invest in there's no - sometimes
    going forward? And a lot of the type of things we invest in there's no - sometimes

  • 03:30

    the return we get back on them is not the route that we think. So, like
    the return we get back on them is not the route that we think. So, like

  • 03:35

    you learn a new technology which helps you get a job that you weren't expecting
    you learn a new technology which helps you get a job that you weren't expecting

  • 03:38

    to get, and then you learn a lot of other technologies which don't result in
    to get, and then you learn a lot of other technologies which don't result in

  • 03:41

    anything. So, it's always trying to to produce and you know, I'm always
    anything. So, it's always trying to to produce and you know, I'm always

  • 03:45

    thinking - and one of the reasons why I'm not further along in life than I should
    thinking - and one of the reasons why I'm not further along in life than I should

  • 03:49

    be is that I am a classic over-thinker. I overthink everything (laughs).
    be is that I am a classic over-thinker. I overthink everything (laughs).

  • 03:53

    This is reason why the Overpass is still just me and my team overseas is
    This is reason why the Overpass is still just me and my team overseas is

  • 03:58

    because I overthink everything like I'm doing now. So anyway, let me know
    because I overthink everything like I'm doing now. So anyway, let me know

  • 04:04

    what you, guys, think. I mean, do when you release an app - I know we talked about
    what you, guys, think. I mean, do when you release an app - I know we talked about

  • 04:07

    before it being, uh, being an investment. What was the big - let me just
    before it being, uh, being an investment. What was the big - let me just

  • 04:12

    ask you this - you don't have to say which app it was, you just give it like a ratio
    ask you this - you don't have to say which app it was, you just give it like a ratio

  • 04:15

    if you don't want to give the actual price back. But let me know, talking about
    if you don't want to give the actual price back. But let me know, talking about

  • 04:19

    the investment you made in an app, like your most successful, how much
    the investment you made in an app, like your most successful, how much

  • 04:23

    if you invested into it and how much have you made back? I mean for me, there's
    if you invested into it and how much have you made back? I mean for me, there's

  • 04:26

    there's apps like I said I haven't made, that I haven't made back the initial
    there's apps like I said I haven't made, that I haven't made back the initial

  • 04:29

    investment. But they're still on the market. They're still having downloads.
    investment. But they're still on the market. They're still having downloads.

  • 04:32

    They're still having purchases. There's still some tweaking that needs to be
    They're still having purchases. There's still some tweaking that needs to be

  • 04:35

    done, all that kind of stuff. So, I'm just - I'm not saying like in the future what
    done, all that kind of stuff. So, I'm just - I'm not saying like in the future what

  • 04:38

    you're gonna have, but you know, what are some of the big benefits that you've had
    you're gonna have, but you know, what are some of the big benefits that you've had

  • 04:41

    over the years? Anyway, that's it for today. Hey, that's it
    over the years? Anyway, that's it for today. Hey, that's it

  • 04:44

    for this week. I'll talk to you, guys, on Monday!
    for this week. I'll talk to you, guys, on Monday!

All

App Development: Is it worth it?

1,243 views

Intro:

Hey, this is the Daily Overpass! My name is Eric and I make apps! Now today, I want
to ask, "Is it worth it?". Alright, so it's a beautiful morning. It's starting to turn a little bit more
from winter into spring, and it's a fantastic day. I thought I'd get out of
the office a little bit, come outside a little bit today. So, over the weekend, I
was watching - over last weekend I was watching a video where they were show
clips of different - one of these motivational ones, you see them all over
the place, and we're showing some clips from Warren Buffett. And he was talking
about his investing strategy where he only invests in things that he knows
really well. Things that he knows who has a good chance of making a return.
And I think, I was watching this and like everything I apply it to being
an app developer. Because one of the things we do as app developers is we're
constantly investing. I talked before a few years ago about how apps are - they're
not just apps something we do because they're fun, although sometimes we look
at apps as an investment. All the time and money I'm putting into this, am
I gonna make that back at least break even or is it just gonna be a sunk cost?
Yesterday, I was talking to a salesperson. It was like a ASO type of
company, so I thought, you know, they pick - I get contacted by a lot of ASO
companies as well, but yeah, might as well hear them out. So, we had a quick
chat and he was talking about some of the ASO strategies. I thought it sounded

Video Vocabulary

/ˈdif(ə)rənt/

adjective

not same as another or each other.

/inˈvest/

verb

put money into something in hope of making profit.

/ôlˈT͟Hō/

conjunction

Despite the fact that; however.

/po͝ot/

verb

place in particular position.

/ˈtôkiNG/

adjective noun verb

engaging in speech. action of talking. To say things or ideas to someone with words.

/wäCH/

verb

To guard a place or people; protect child, etc..

/fanˈtastik/

adjective

extraordinarily good.

adjective adverb noun preposition

situated on or near outside. situated beyond boundaries of place. external side or surface. Beyond the limits or edges of some place, thing.

/ˈkänst(ə)ntlē/

adverb

Frequently, or without pause.

verb

To get in touch with someone.

/ˈSHōiNG/

noun verb

action of showing something, or fact of being shown. To prove something to be true.

/ˈkwesCH(ə)n/

noun verb

sentence worded or expressed so as to elicit information. ask someone questions.

/ˈbyo͞odəfəl/

adjective

Having dome something well.

/ˈsəmˌtīmz/

adverb

occasionally, rather than all of time.

/ˈsəmˌTHiNG/

adverb pronoun

used for emphasis with following adjective functioning as adverb. thing that is unspecified or unknown.