5 Fundamental Steps for Developing a Streaming App

With the way technology has been relentlessly evolving over the past years, the entertainment industry has taken a huge leap forward. Nowadays, TV has lost a lot of ground and many companies left the television world and became interested in how to develop streaming app like netflix.

Video streaming is simply more convenient. You no longer have to depend on the TV’s schedule in order to catch that movie you’ve always wanted to see. Now, you simply hop on a streaming app, download any movie you fancy, and watch it whenever you want.

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Develop a Streaming App

So, with that being said, many companies now take on the streaming industry, some being more successful than others. Here, we are going to show you how you can create a streaming app by yourself.

Find your niche

First of all, you want to figure out what content is going to be on your streaming app. This isn’t all about movies, you can stream documentaries, fitness-related videos or whatever.

Are you going to create your own content?

After you’ve figured out your niche, the next step is to think about the availability of your content. Do you want to create your own content? Or rather use someone else’s?

In either case, both are quite difficult and expensive. Whether you create your own studio, or rent and pay licenses from your distributors.

Monetization strategy

After all that, you now have to think about how you are going to make money out of your platform. There are lots of ways of monetizing your content.

First off, you can make a subscription-based platform. Such as Netflix, for example. Charging users a monthly fee for your services is a great method to ensure customer loyalty and keeping the traffic as high as possible.

A second method for making some money off of your services is advertising. You can make the app free for your customers, but you can cooperate with other companies to run ads on your platform at a cost, of course.

However, in order to make this method work, your platform needs to have some popularity amongst users.

Add features

The more features your app has, the better it is. Things such as security features, offline viewing are a must when it comes to this side of the app development industry.

Adding social integration is also a great idea for maximizing views. The more people you attract to your service, the more traffic you have. Besides, integrating social media to your platform also eases the whole log-in process.

Build a Team

Developing a streaming app is almost impossible to do on your own. You’ll need people. You can opt for creating an in-house team or if you’re looking to save some cash, consider the outsourcing option.

You can either collaborate with an outsourcing agency, which will provide you all the people you need in no time, or you can search for potential employees on your own through all sorts of freelance sites.

Conclusion

All in all, developing a streaming app might be difficult at first, but considering the rising popularity of this industry, a streaming app has all chances of becoming profitable.