Online Form Builder

How Profitable Is An Online Form Builder? (Updated for 2024)

Pat Walls

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Updated: September 4th, 2024

How Profitable Is An Online Form Builder? (Updated for 2024)

So you want to start an online form builder?

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

With a market size of $70B - there’s plenty of business to go around.

Especially considering:

You could start a online form builder with as low as $5,000
Based on our data, online form builders generate an average of $1.97M per year
You could see gross margins as high as 28% with online form builders

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 online form builder.

Let’s dive in!

Is an online form builder profitable?

Yes, an online form builder 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 $1.97M 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 online form builder.

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

Is an online form builder worth it?

If you’re wondering if a online form builder is worth it, the answer is a big YES. With online form builders, you have the potential to earn $1.97M 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 $70B, 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 online form builder 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 online form builders case studies.

Examples Of Profitable Online Form Builders

Here are a few examples of profitable online form builders, 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 5,418 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 7,783 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 7,241 founders

Learn more about starting an online form builder:

Where to start?

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

Need inspiration?

-> Other online form builder success stories
-> Marketing ideas for an online form builder
-> Online form builder slogans
-> Online form builder names

Other resources

-> Online form builder tips

How much can you make with an online form builder?

With a online form builder, you can make an average of $1.97M 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 online form builder make a week?

Based on our data, average weekly revenue for a online form builder ranges around $41K. As such, you could see monthly revenues of $164K.

To know if your online form builder 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 online form builder.

How much do online form builders owners make?

The income of an online form builder 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 online form builder is about $41K. 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 an online form builder owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Online Form Builder Profit Margins

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

Online form builder owner salary

The salary of an online form builder 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 online form builder, in a prime position, might see an average weekly salary around the ballpark of $34.1K.

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

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

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Starting An Online Form Builder: Everything You Need To Know

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