Whether you are an individual developer, a development team, or a business planning to hire AppExchange developers to create a profitable new income stream from the Salesforce ecosystem, there are a few things you need to understand. The first is that the right technical capabilities are just one piece of the puzzle. A dedicated Salesforce development company might not be able to publish a profitable app on AppExchange if they don’t have an adequate understanding of their business’s needs. In contrast, a business with the right idea and understanding of its customers’ pain points can leverage untapped opportunities, even if they have no in-house capabilities and have to hire AppExchange app developers.
A wide variety of relevant stakeholders can benefit from understanding how to identify and maximize opportunities in the Salesforce ecosystem.
7 Strategies For Maximizing Opportunities in The Salesforce Ecosystem
Whether you are a development firm with a dedicated Salesforce development service (and relevant talent), a Salesforce development company, or a business plan to expand its reach to AppExchange and are willing to hire AppExchange app developers to do so, there are six strategies you should know about.
1. Understanding the User Base of AppExchange And Their Needs
All healthy business ventures start with understanding the customer base and learning their pain points, needs, and wants. That’s where you need to start, as well. Look into what kind of businesses and users are most actively buying apps on AppExchange. Refine this search to a reasonable number of customer segments by identifying the ones that would benefit from or need what you are capable of or planning on creating. The lack of requisite capabilities is not a major issue since you can outsource the task to a Salesforce development company or an individual or company offering Salesforce development services. The important thing is that you know what different customer segments want and identify the ones whose needs you can cater to. You can expand upon this through proactive research, like conducting polls on the apps and features different customer segments might like to see on AppExchange or getting feedback on your ideas. The development community can also be a great source of information, especially regarding the technical aspects of the apps you’re planning.
2. Research Apps Available On AppExchange
Whether you hire AppExchange developers for this task (who may have more insights on the platform) or do it yourself, in-depth research into the existing research apps on AppExchange can be instrumental to success. The two most prominent research angles are:
- Looking into the best apps (within your domain) and what they did right so you can emulate that and incorporate the most desired aspects in your app.
- Look into apps that are most similar to what you are planning and what they did wrong so you can address those specific pain points.
User reviews can be a great source of information, as well as any technical data or videos on the functionalities of these apps.
3. Start With Fleshing Out The App Concept
This strategy can apply both before and after you hire AppExchange app developers. The two things above – app research and understanding the customers’ pain points- should happen in the context of your own expertise and core focuses. You can expand your technical expertise if you hire AppExchange developers, but it’s rarely a good idea to step out of your domain. It’s different for Salesforce development services, of course, that they may be able to develop a viable product with an adequate understanding of the needs of different user base segments in AppExchange. In either case, the idea of the app should be fleshed out in detail before any serious development decisions are taken.
4. Aligning Technology and Talent With Functionality
If you are a business intending to hire AppExchange developers to create the app you have a concept for (or wish to flesh out the concept of), make sure you hire someone with the right skill set. If your app has a heavier lean on the server side, then an Apex developer might be more suited than someone with expertise in Lightning Web Components.
Similarly, if you are a developer or a Salesforce development service planning on releasing your own app on the AppExchange, you may want to choose a stack best suited for the app you have planned. Simply opting for the wrong technology can undermine the opportunity in several different ways.
5. Harness The Power of Integration
One of the things that make some of the most successful apps on AppExchange successful, is their higher degree of integrability. If your app can integrate with others in the ecosystem or on the many platforms that can be integrated with the Salesforce, your app might have an added incentive for a lot of the intended user base. This benefit can be enhanced if the app or some of its functionalities can solve a common problem the users of those apps and platforms might have.
6. Marketing and Pricing
Simply placing the app on the market and writing a proper listing is usually enough to get the app on the radar of many potential customers, but only if it’s solving an actively searched problem or offering a capability many are looking for. You should still market it the conventional way as well. This includes introducing the app to the intended user base on their social media pages, sending them emails about it, posting demo videos in places they might visit, etc.
The pricing needs to be set carefully as well. If it’s too cheap for the functionality it offers or compared to its peers, the user base might be suspicious of it. If it’s too expensive, they may simply opt for other options. So the price should be the right balance.
7. Refining and Constantly Updating Your App Based on User Feedback
You are not free after the website is published on the AppExchange. You need to constantly update it and refine it based on your customer’s reviews. You can also improve upon it, like adding features and developing different variants for sub-segments of your target user base. An actively supported and improved app is more likely to establish a loyal user base.
Final Words
Developing and publishing useful applications that businesses on AppExchange are looking for can be lucrative financial opportunities. Many businesses can diversify their revenue segments this way, while others can create fresh revenue streams. The goal is to identify and maximize the available opportunities using the strategies above.