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Creating & launching an IOs/ Android APP as a business


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I have a decent idea for an App that aims to inform people interested in a specific sector to help them make decisions. My plan is to give it away free, build up the user base over a 2-3 years period and then sell it to a specific type of company for them to sell their products related to this sector to the apps established user base for... 1 million$? 5 million$?? More?. I am willing to invest up to 20,000-50,000 $ for app design and marketing (probably 50/50 split)- an amount that if it is all lost it wont be a major blow financially and at least i will have tried acting on my dream to start a small business.

So, just wondering has anyone launched their own app and succeeded/failed? Is it making money? Can you recommend good app design company in Bangkok? Is this just a pipe dream?

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