Too Late to Create a Facebook App?

Some people think Facebook is on the rise and will continue rising. Other’s think it has reached the top of the hockey stick and has leveled off and will eventually fall. So is it technically too late to hop on the ‘bandwagon’?

Josh and I brainstormed about creating an app previously but not much thought was put into it. Success would lie in its addictiveness and the profit would probably come from ads. But recent research shows that some of the top apps are valued at over $100s of thousands of dollars! Who knew an app could be worth so much!

I remember when the apps were first launched. I took one look at iLike, the top app at the time with 1000 users, and thought “wow this is a major failure”. But look at iLike now, over 12 million installs and half a million active users!

The genius behind this is that these are all user-made. That top app might be made by a real hardcore business company or by the neighborhood tech geek (I mean that in a good way).  Recently I have stumbled upon ThePlaz, another high school Junior like me, who created GridView which is valuated to be worth more than $200,000! Talk about ka-ching!

Another friend and I have also been discussing the idea of web-apps on other platforms. The activity going on on the iPhone and iPod Touch is promising. The news about the Google Android OS is also very exciting although you certainly do need that “killer-app” idea to truly make gold.

Jessica Mah and her partners have even created a whole business venture around apps and social networking at ShockApps. They currently have Serial Killer which is unmorally entertaining. I hope to see what they come out with next.

So do you have any input in this topic? Drop us a comment!

~Kevin X