Form Builder Tool

How Profitable Is A Form Builder Tool? (Updated for 2024)

Pat Walls

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Updated: September 13th, 2024

How Profitable Is A Form Builder Tool? (Updated for 2024)

So you want to start a form builder tool?

And the first question that came to your mind was, “well, are form builder tools actually profitable?”

With a market size of $27B - there’s plenty of business to go around.

Especially considering:

You could start a form builder tool with as low as $5,000
Based on our data, form builder tools generate an average of $2.58M per year
You could see gross margins as high as 28% with form builder tools

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 form builder tool.

Let’s dive in!

Is a form builder tool profitable?

Yes, a form builder tool 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 $2.58M 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 form builder tool.

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 form builder tool is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a form builder tool worth it?

If you’re wondering if a form builder tool is worth it, the answer is a big YES. With form builder tools, you have the potential to earn $2.58M 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 $27B, 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 form builder tool 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 form builder tools case studies.

Examples Of Profitable Form Builder Tools

Here are a few examples of profitable form builder tools, and a few more details about them:

1. 123FormBuilder ($5.04M/year)

Florin Cornianu came up with the idea for 123FormBuilder while working as a software developer. He and his co-founder, Tudor Bastea, identified a need for a user-friendly form builder to collect and manage data. Through trial and error and with the help of industry experts, they grew the business to over a hundred thousand users and achieved steady growth.

Is it profitable? Yes
How much money it makes: $5.04M/year

How We Started A $420K/Month Online Forms And Surveys Tool

123FormBuilder co-founder and CEO, Florin Cornianu, shares how they grew their SaaS business to almost 100 employees, over a hundred thousand active users, and broke the $1M annual recurring revenue mark through a market-centric, data-driven approach to product design and product marketing, a solid channel partnership strategy, and aggressively reinvesting profits.

Read this case study

Read by 5,438 founders

2. ConvertCalculator ($96K/year)

Came up with the idea when a client asked him to build a price quote app. He searched Quora and Reddit for potential demand and found there were lots of people looking for a similar app. Decided to build it in a week and landed his first paying customers 2 weeks later.

Is it profitable? Yes
How much money it makes: $96K/year

How I Turned A Client Request Into My Own $5K/Month SaaS Product

ConvertCalculator founder Joris de Ruiter went from building websites at an agency to running his own successful SaaS business that's now signing up new customers every day and taking $5,000 in monthly recurring revenue.

Read this case study

Read by 7,818 founders

3. Paperform ($2.62M/year)

Diony McPherson and her husband Dean founded Paperform in 2016 as a lifestyle business. However, the business quickly grew and they made the decision to actively grow the company at the end of 2018. They have now bootstrapped the company to over $1.5 million in annual revenue and have built a team that they love working with.

Is it profitable? Yes
How much money it makes: $2.62M/year
How much did it cost to start: $5K

How This Couple Bootstrapped A $1.5M ARR Online Form Builder

Bootstrapped online form builder Paperform, founded by Diony McPherson and her husband, grew from a lifestyle business launched in 2016 to an annual revenue of over $1.5m by 2021, thanks to investing resources in supporting customers and creating a high-quality product.

Read this case study

Read by 7,291 founders

Learn more about starting a form builder tool:

Where to start?

-> How much does it cost to start a form builder tool?
-> Pros and cons of a form builder tool

Need inspiration?

-> Other form builder tool success stories
-> Marketing ideas for a form builder tool

Other resources

How much can you make with a form builder tool?

With a form builder tool, you can make an average of $2.58M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $5,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 12 months.

How much does a form builder tool make a week?

Based on our data, average weekly revenue for a form builder tool ranges around $53.8K. As such, you could see monthly revenues of $215K.

To know if your form builder tool 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 form builder tool.

How much do form builder tools owners make?

The income of a form builder tool 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 form builder tool is about $53.8K. 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 form builder tool owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Form Builder Tool Profit Margins

Generally speaking, a form builder tool 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 form builder tool, 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, form builder tool 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, form builder tool owners can ensure long-term sustainability and profitability for their business.

Form builder tool owner salary

The salary of a form builder tool 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 form builder tool, in a prime position, might see an average weekly salary around the ballpark of $44.7K.

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 form builder tool may be a promising business to start - but the success of your form builder tool mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable form builder tool.

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Starting A Form Builder Tool: Everything You Need To Know

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