What percentage of app ideas does the speaker claim will probably fail?

Vishen LakhianiFounder of Mindvalley | NYT Bestselling Author | Transforming Lives Globally

The Truth About App Ideas

14 Jul 2024 · 1 min

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Vishen Lakhiani (speaker) explains why most app ideas fail—claiming roughly 90% will not succeed—usually due to lack of real user need or lack of monetization. He recommends using no-code tools to release minimum viable apps quickly, observe real user behavior, and iterate or kill ideas based on data rather than assumptions.

Questions this video answers

About 90%.

Chapters

Who has some idea of an application that you would like to release. Okay, quite a lot of people. I'll make you Sad because in 90% of cases probably this idea will fail. Why? Because either overall you build something that people don't need or maybe people need but they are not ready to pay for it and then you don't have a proper monetizable business right? But what no code enables you to do is to release the app your ideas into the market as soon as possible without overthinking and then either you see okay it doesn't work and you kill it, you go on with your life or you may see that it has potential but the features that you personally thought are important are actually not and you see that your users are using something else right? Or asking for something else and you can iterate very fast and develop exactly what the people need based on the actual data not some imaginary data in your mind.