Chrome Extension Building Business

How Profitable Is A Chrome Extension Building Business? (Updated for 2024)

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Updated: September 4th, 2024

How Profitable Is A Chrome Extension Building Business? (Updated for 2024)

So you want to start a chrome extension building business?

And the first question that came to your mind was, “well, are chrome extension building businesses actually profitable?”

With a market size of $1.29T - there’s plenty of business to go around.

Especially considering:

You could start a chrome extension building business with as low as $50
Based on our data, chrome extension building businesses generate an average of $929K per year
You could see gross margins as high as 85% with chrome extension building businesses

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a chrome extension building business.

Let’s dive in!

Is a chrome extension building business profitable?

Yes, a chrome extension building business is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $929K per year with an estimated gross margin of 83%, you could expect to recover your investment within 12 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your chrome extension building business.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your chrome extension building business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a chrome extension building business worth it?

If you’re wondering if a chrome extension building business is worth it, the answer is a big YES. With chrome extension building businesses, you have the potential to earn $929K per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $1.29T, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a chrome extension building business to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful chrome extension building businesses case studies.

Examples Of Profitable Chrome Extension Building Businesses

Here are a few examples of profitable chrome extension building businesses, and a few more details about them:

1. Sync2Sheets ($108K/year)

Leandro, a former freelance software developer from Buenos Aires, pivoted from freelancing to building Sync2Sheets, a tool syncing Notion databases with Google Sheets. Launched rapidly in just two weeks, the product now boasts $9k MRR and over 400 paying customers, including Canva and Wix.

Is it profitable? Yes
What's the gross margin? 85%
How much money it makes: $108K/year
How much did it cost to start: $0

My Google Sheets Add-On For Notion Hit $9K MRR

A Software Engineer turned SaaS founder shares the journey of building Sync2Sheets, a Google Workspace Add-On that syncs Notion databases with Google Sheets, generating $9k MRR with over 400 paying customers, strategic marketing tactics, and plans for expansion into other services.

Read this case study

Read by 2,756 founders

2. GMass, Inc. ($5.4M/year)

During his previous business venture, Wordzen, the founder recognized the necessity of sending personalized emails to small groups. After researching available options, he was not satisfied with the solutions offered. Therefore, he developed GMass as an internal tool to aid in managing his business. Although Wordzen failed to gain much traction, GMass proved to be successful and was featured on Product Hunt, giving him the validation that he needed to make the decision to pursue this as a business.

Is it profitable? Yes
How much money it makes: $5.4M/year

How I Launched A $200K/Month Gmail Mail Merge Tool

GMass, an email marketing platform that allows users to send cold emails and email marketing campaigns with Gmail, has attracted over 500,000 user signups, including major tech companies like Uber, LinkedIn, and Google, and now generates over $200K in monthly recurring revenue through a successful content marketing strategy and focused ad spend.

Read this case study

Read by 13,352 founders

3. COLDINBOX ($420K/year)

Arthur Backouche came up with the idea for Coldinbox while looking for a new job in growth/digital marketing. He discovered a tool to send bulk invitations on LinkedIn with personalized messages and used it to successfully engage with startups and generate leads. Seeing the potential, he decided to develop his own SaaS product, Coldinbox, which is now being used by B2B entrepreneurs, consultants, and business development managers.

Is it profitable? Yes
How much money it makes: $420K/year

How We Launched A $35K/Month Tool To Send Bulk LinkedIn Messages

Two entrepreneurs developed Coldinbox, a bulk LinkedIn messaging tool that assists B2B business development managers in converting high-value prospects into leads and customers, resulting in $35,000 in monthly profits.

Read this case study

Read by 13,677 founders

Learn more about starting a chrome extension building business:

Where to start?

-> How much does it cost to start a chrome extension building business?
-> Pros and cons of a chrome extension building business

Need inspiration?

-> Other chrome extension building business success stories
-> Marketing ideas for a chrome extension building business

Other resources

How much can you make with a chrome extension building business?

With a chrome extension building business, you can make an average of $929K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $50. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 12 months.

How much does a chrome extension building business make a week?

Based on our data, average weekly revenue for a chrome extension building business ranges around $19.4K. As such, you could see monthly revenues of $77.5K.

To know if your chrome extension building business achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your chrome extension building business.

How much do chrome extension building businesses owners make?

The income of a chrome extension building business owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established chrome extension building business is about $19.4K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a chrome extension building business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Chrome Extension Building Business Profit Margins

Generally speaking, a chrome extension building business can expect profit margin of around 83%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a chrome extension building business, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, chrome extension building business owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, chrome extension building business owners can ensure long-term sustainability and profitability for their business.

Chrome extension building business owner salary

The salary of a chrome extension building business owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established chrome extension building business, in a prime position, might see an average weekly salary around the ballpark of $16.1K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a chrome extension building business may be a promising business to start - but the success of your chrome extension building business mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable chrome extension building business.

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Starting A Chrome Extension Building Business: Everything You Need To Know

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