The Business Concept of Application - Example

Introduction Working with the model of the hold to talk voice messaging translation application is one of the best upcoming technologies we have in information technology having over half a billion users. The application is growing up gradually and it is expanding to other parts of the world including countries like Brazil, India, Mexico and Russia. It has been proved that the clients using the application are sending over 700 million photos and 100 million videos every single day without any technical problem from the application. The advantage of the application is that it is compatible with the social applications like Facebook which intergrated their working applications to the hold to talk voice messaging application. The application focuses on accumulating more users who will also invite others hence making a very huge success to the application. The business Concept The application needs to be improved in the voice mail sector whereby the clients need to have a positive attitude towards the application’s features. This will also determine how many times the users will be using the application to call other users. Without the use of the voice in the application, many people can not be using the application. For the business concept, the use of latest technology in communication in the application is one of the best tools to be used and be liked by most of the users of the application. The sending of the videos and music files is one of the major things people need to use on the messaging application. Apart from the sending of the files, the application needs to have a good user interface that is friendly to the users which is easier for the identification of the major functions. The idea of the voice is a bit complicated in a manner that there are many types of communications that have been introduced and its only logic that it is only used to make the users to enjoy. The developers of the application should focus on making the voice to be an enjoyable tool in the application but not design the entire application to be based on voice messaging. By designing so, the application can be slow to some of the applications making them to be heavy and load slowly in some of the machines. The designers behind the creation of the application should also be considered and be appreciated in a manner that they are well coordinated with the market researchers and marketers including the implementation of the application and its maintenance. This will be dictated by the responses from the users by meeting their requirements from the application. The target of the application will depend on the market demand and the users appropriate for the application. The application will target the youth who live at the urban areas creating a perfect campaign for the success of the application. The kind of communication with the application will depend on the talent and character of the individual. The application will focus also on the individual artists with talents and they will sell their services on the internet. The designers must include the ability of the application to be incorporated into the social networks that will market the application fully. The ability to communicate with friends will be of high flexibility of using the communication tools like the text messages and electronic mails. This will include the Facebook and Twitter promotions which will depend on the daily delivery of the users that are using the social networks. With the value position, the application should focus on the targeted users of the application more so the youth of age eighteen to twenty seven years. There should be concern on the requirements of the users using the application. The application design must meet the requirement of the users by the designers creating an attractive Graphical user interface which attracts the customers. There should be option of customizing the application within the requirements of the user. For example, the application must have the ability to create a theme within the application. This will depend on the user’s ability to organize and create a good looking application theme. There should be availability of the color range for the good representation of the application. The problems to be solved should also be addressed in the application where by the designers will be able to identify the normal challenges that face the application. The issue of the sluggish opening of the application should be solved by the designers of the application. This can also include the users’ number identification and activation error that needs to be rectified. The application should be improved in a manner that the users need to be interacting with their social friends including viewing of their profiles very clearly by use of the application. On the same note, the application management team should identify the main value of the application which will be sending of the files and produce good messaging platform that will meet the requirements of the user. The research is to be done on the people in order to identify what they want by directly carrying out surveys and asking them questions. The solution of communication will be solved by the application in that the application will serve as a messenger to the social media whereby people will be communicating directly. With the sending of the voice messaging, the issue of telephone and mobile communication will be diminished by using the voice messaging. The application will need an advanced technology on the voice VOIP communication where they will introduce an IVR technology into the database of the application. This will enable the customers to communicate directly to each other creating a good video conferencing. For the improvement of the application, the designers will be ready to solve any technical problem that may face the messaging application. If the database corrupts accidentally, the designers will be ready to solve the issue by use of the solution oriented methodologies. The application should provide a hard value of providing the customers with the best communication platform including all the communication process which can be text messaging, video conferencing and file sending. There should be concern over the competing application that will be opposing the application. The application will be offering a new service of video conferencing which is not offered in many of the application and introduce new complete social priorities connected to other social websites. People should understand the main reason of buying the application and this will be satisfied by the significance of the application. This will entail the flexibility and ability of the application to communicate to the outside world. There should be the main keys functions why the customer should buy the application including the flexibility and simple design of the application. The business model: overall framework The best business model for the application is the one that can get a heuristic logic that will connect the technical part of the application in conjunction with the application designers in order to come up with the right economic value. With will also solve the problem of unlocking the latent value that will exist in the application’s design and database management. This will give the designers the ability to come up with the new methods already realised in the market of technology. The design is comprised of the root that will be required in the design and the economic business model which will give out the working definition of the application and give out ways on how to earn from the application. The economic business model will enable the application to come up with ways on how to earn revenue since it will be an application that will be free of charge to the users. Upon sending of the messages and files including the sound files, the application will also be available I many versions including android, iOs, Symbian, blackberry and others. In doing so, it will be easier for many of the users to access the application. The application will be earning money through the subscription whereby the users will use the application for only one and half years then beginning paying for it afterwards. The charge for the subscription will only be one dollar without any extra charges. This will make the customers to have a good perspective towards the application because most of the people need to have a good reputation of the application especially in terms of payment because people do not contribute when it comes to too much subscription cost. Another way of earning revenue will be through the management of the database collecting all the useful information and use them at the respective firms and companies that need surveys and communication data on people. With the application to have millions of data communicated per day, it is easier to collect and learn people’s ideas and dreams in life. With the information a firm will be able to have the required information on a certain application. In the process one of the best companies online will be paying the messaging application for the information. The application can earn money through the advertisement program added to the application. The operating leverage of the application should be high along with the volume, and its margins. With the depth and breadth of the application there will be a lot of depths than the breadths. With the depths there will be both the technical and managerial experts for the messaging application. The company also expects users who will be online and be superior users in all the years. There should be in depth information on the organizational knowledge of the messaging application. The resources to be found within the organization of the application should be trusted. It will be an advantage on the application because the designers will create an application that will not be replaced with other application maintaining the image of the application. Another major aim of the messaging application is to ensure that it is the most famous application in the messaging technology of the internet. Loving of the application and appreciating its features will be another major achievement of the application. On the other side there can be some agile customers who will be diminishing the good picture of the application. Their will be the need to promote the application to the outside world with the cost of the company cost. The new functions of the application will be learnt by the users and they will be developing new approaches concerning the application. With the targeting and segmentation of the application, the market will be designed first and identify all the types of mobile service providers to use the application. With the use of the latest technology of introducing new mobile users including the smart phones, the messaging service will be a challenge to many of the mobile users on how the application will be spending the bundles and the cost will depend on the network carrier. This will enable the developers of the application to meet the dynamic change of the application and the requirements of the mobile users. With the market segmentation, the application to be created will be determined by the users needs to use the application. The major key to the segmentation is to understand the characteristics of the users who will be using the application and their behavior on using the application. This will not be a simple task because it not easy to understand the users all over the world. This will be a process to be undertaken and be run strategically and the company will be required to come up with the best consumer segment. In the segmentation the application management team will come up with the basic requirements of the users. The application will be required to be measureable whereby it should have the required quality for it to be purchased after the required period. The substantial rule will also be followed by making the application to be profitable and this will be achieved when more people will be subscribing to the application. Accessibility of the application will also be measured in a manner that all the users online will be able to access the application and be ready to be satisfied by the application. The application should also be differentiable from other application by applying the market mix and program elements which will be of great help to the application. The major sources of the application of the internal advantage are that the application can have the ability to get more cash from the advertisement of the application. These are the revenues that can be achieved because most of the users who use the application can have access to the external link in the application. The application is supposed to identify the required have a differentiation of its features from other application. The application is supposed to have new features like bells and whistles to make it more advanced than the other messaging applications. It will be the first application to come up with more complex features ever on the social media. In the components of economic there exists the visual model which be heavily considered in the application. These are the images and colors that will be used in the application including the design of the themes. Mathematical model will also be used in the design of the application in order to understand the values to be used in the application. The empirical model will also be used in order to use the calculation with data collected from the application for proper value estimation. Simulation models will be followed which will determine the design of the application by use of a programming language like java. The youth will be the revenue drivers in the business who will dictate how much the company to make. The volume will be the amount of the users who will be using the application depending on the advertisement of the application to the public. The growth model of the application will be estimated to be of high speed growth compared to the other social media applications. The application to be compared with the application will be Whatsapp which will grow rapidly as compared to other social Medias. The application is estimated to have a double growth rate than the other sites on the internet. The table displays the data for the growth of Whatsapp which is representing the application. \ References Bruno, Eric J.. Java messaging. Hingham, Mass.: Charles River Media, 2006. Print. Dransfield, Robert. Business economics. London: Routledge, 2014. Print. Egan, Sean. Open source messaging application development building and extending Gaim. Berkeley, CA: Apress ;, 2005. Print. Kiesbye, Stefan. Are social networking sites harmful?. Detroit: Greenhaven Press, 2011. Print. 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