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a right to use the entity’s intellectual property as it exists at the point in time at which the licence is granted.a right to access the entity’s intellectual property as it exists throughout the licence period or.If a licence is distinct, it can provide a customer with either (IFRS 15.B56):

a licence that the customer can benefit from only in conjunction with a related service.

an operating system installed in a smartphone)

a licence that forms a component of a tangible good and that is integral to the functionality of the good (e.g.

The following examples of licences that are not distinct are given in IFRS 15 (IFRS 15.B54):

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The main challenges in this area relate to determination whether licensing of intellectual property constitutes a distinct good or service and if so, whether related performance obligation is satisfied over time or at a point in time.Ī licence is usually capable of being distinct, but sometimes a customer benefits only from a combined entity’s output and therefore a license forms a part of wider performance obligation.

motion pictures, music and other forms of media and entertainment.

You get paid for advertising space in your App!Īs we know money makes money so you can give it a try.Its a one time investment.Paragraphs IFRS 15.B52-B63 cover licensing of intellectual property such as (IFRS 15.B52): Advertisers are paying somewhere from 5 cents to $7 or even $9 dollars per click to get their ads displayed. Have you heard of mobile advertising platforms like Admob, iAd,inMobi, Adfonic and others?Actually it is a idea of Pay per clicks ads.

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Most people actually miss out on this because they don't understand how free apps can generate huge amounts of money. Now the question is- how the heck can a free app make a ton of money?

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Let me show you something real quick.Stats have shown that if you have a free app that gets into Top 100 download apps list in the Apple store, the owner makes between $400 to $5000 per day. Most people don't even think of making their app free but there is actually less competition and therefore you can make a ton of money.How? You can either go the 'pay' route where someone has to pay from 99 cents to $10 to buy your app. There are two differnt ways to go when having your own App. Let me ask you a question why is it so great to have your own app or game? You see, the great thing about it is that once your app is in the app store,it is exposed to millions and millions of iphone users. They just had the funny idea and took action to make it real.Īnd now he is averaging about $10,000 per day from this stupidly simple application. Well the person who created it did not know anything about programming or App development at all. Let me tell you an interesting story, Have you heard of iFart? There are over 250,000 approved apps in the apple store and the top apps/games are averaging $10,000 per DAY from downloads. For every 1 paid app there are 12 free downloaded apps which by the way you can use as well for generating a revenue with list building and showing ads. Let me give you some interesting statistics real quick- There are four Billion Apps downloaded from Apple's Appstore currently.Over 250 million i-gadgets sold(i mean iphones, ipads and ipods in total).

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You can check this link and if you think the product can help you invest on it.If your are not satisfied with it you can cancel it and your full money will be refunded as you are you are totally covered by 60-day satisfaction,no question asked,guarantee,so if you don't love the product then take your money back. Have you ever dreamed of creating your own great game or application for iPhone or iPad with no programming skills in just 4 weeks and hit pay dirt with it in the App Store? Just think if you sell your app for $0.99 and get $0.70 from it after all apple commission cuts you are left with pure profit of $500 USD per DAY! if your app sell would be 700 per day and it will keep on increasing day by day as your app popularity grows high.Well, you can’t live with that but that is a good start, isn’t it :-)

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