AppsVillage Australia Limited (ASX:APV)
AppsVillage Australia Limited (ASX:APV) has developed a proprietary, Software as a Service (SaaS) cloud-based platform that provides small-to-medium businesses with a simple and inexpensive way to develop their own branded mobile business applications as a means of connecting with their clients and growing their revenues.
AppsVillage was founded on the vision of enabling small-to-medium businesses to create, manage and share their own apps to enable marketing and sales for their products and services through its personal mobile apps channel. AppsVillage’s technology has automated the design, development, maintenance and marketing of mobile apps, allowing any business to build, preview and launch their own mobile apps without having any code writing or digital marketing knowledge.
How does AppsVillage generate income?
AppsVillage’s target customers are small-to-medium businesses, primarily with a need or an opportunity to develop their own mobile app to improve their business outcomes. The AppsVillage platform allows these customers to create and maintain their own mobile app by purchasing a subscription via AppsVillage’s website in a SaaS model.
Income is presently derived from: (a) monthly and annual subscription fees paid by customers for use of the AppsVillage platform; (b) commission received on each sale of premium app features made through the AppsVillage platform; and(c) commission received on customers’ advertising on selected social media platforms.