Productivity Tool

How Much Money Do Productivity Tools Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, productivity tools can make between $30-$500,000 per month.
The average revenue for a successful productivity tool is $71.3K per month.
The highest grossing productivity tool in our records makes over $6,000,000 per year.
Productivity tool owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a productivity tool?

And now you're wondering how much productivity tool owners actually make...

Well, let’s dive in!

Here are example of real productivity tools and how much money they make - as reported by the founders themselves:

1. Hubstaff ($6M/year)

Jared Brown, co-founder of Hubstaff, came up with the idea for the time tracking tool while addressing the issue of non-developer owners and managers not knowing how long development tasks should take. Realizing that there were very few software tools providing proof of work for freelancers, he saw a strong need for his product and started building a solution. Now, Hubstaff has grown to 10,000 paying customers and $6 million in annual recurring revenue.

How much money it makes: $6M/year

2. Qwaiting ($792K/year)

Rohit Garg, co-founder of QWaiting, came up with the idea for his business after experiencing long waits and frustrations at restaurants. Recognizing the common problem of excessive customer wait times, Garg developed QWaiting to help businesses manage queues and improve customer experiences. With a team of over 50 members and an average monthly revenue of $66k, QWaiting has gained traction in industries such as banks, hospitals, retail stores, airports, and public sector enterprises.

How much money it makes: $792K/year

3. eWebinar ($600K/year)

Melissa Kwan, co-founder and CEO of eWebinar, came up with the idea for the business after experiencing the pain of having to run the same webinar over and over again for her previous enterprise SaaS startup. Recognizing the need for a scalable webinar automation solution, Melissa decided to create eWebinar, a platform that turns any video into an interactive webinar that can be set on a recurring schedule or made available on demand. With customers ranging from solopreneurs to publicly traded companies, eWebinar has achieved an MRR of around $50k and continues to focus on delivering the best product and customer experience.

How much money it makes: $600K/year

4. TIMEFLIP ($600K/year)

In the Summer of 2016, Pavel Cheshev and his partner Dmitry launched TimeFlip, an IoT solution for personal time management and productivity control. After experiencing the fragmented market of time tracking software, they were inspired to create a "physical" solution that would be easy to use and adapt to. With over 5,000 units sold to date and plans to expand into major retailers like Walmart and Best Buy, TimeFlip has proven to be a simple and user-friendly tool for tracking time.

How much money it makes: $600K/year

5. Gorilla ROI ($500K/year)

Jae and his wife started an Amazon business, but they soon faced the challenge of losing money due to their reactive approach towards issues. They found themselves running out of stock because of poor inventory forecasting decisions, incorrect product mixes, and overpaying fees. Additionally, a lot of their data analytics was manual, resulting in a waste of 1-2 hours just to collect data.

To tackle this problem, they created Gorilla ROI, which automates data collection into Google Sheets. Their mission was to simplify the process of getting disorganized data into spreadsheets in a clean and organized way.

How much money it makes: $500K/year

6. Bloomy Lab ($480K/year)

Alex, the founder of Bloomy Lab, came up with the idea for his business after facing difficulties with outsourcing companies while developing websites for his previous companies, Hasten and Tantify. This inspired him to build a team of creative professionals who could develop their own products, leading to the creation of Bloomy Lab and their focus on developing health, fitness, productivity, and life quality improvement apps. With a team of talented individuals, they have already created 20 apps in just six months and are showing impressive growth potential.

How much money it makes: $480K/year

7. Minimalist Phone ($240K/year)

Martin Morávek, the developer and founder of minimalist phone, came up with the idea when he noticed how people were overusing social media during the COVID-19 pandemic, leading to mental health issues. Utilizing his background in psychology and machine learning, he designed the minimalist phone app to discourage excessive screen time by customizing the user interface to be monochrome and less visually stimulating. With an initial investment of only $3,100, the app now generates an impressive average monthly revenue of $20,000 and is on track to reach 500,000 downloads on Google Play.

How much money it makes: $240K/year

8. CraftMyPDF ($180K/year)

He took on some freelance work that required generating PDFs during the pandemic. While there were various online services available for this task, he found that none of them offered a user-friendly template editor. As a result, he decided to develop my PDF generation services with a template editor.

How much money it makes: $180K/year

9. Finale To Do ($48K/year)

Grant Oganyan, founder of Finale To Do, came up with the idea after struggling to find a task management app that suited his needs. Inspired by his success with his first app, Finale: Daily Habit Tracker, Grant wanted to create a customizable and aesthetically pleasing task management app without the need for monthly subscriptions. After experiencing displacement due to the war in Russia, Grant fully invested himself in running his own business and has seen promising growth, with a 500% increase in users in the first month and monthly revenue of $4,000.

How much money it makes: $48K/year

10. Tailscan ($38.1K/year)

Erwin, an IT consultant with eight years of experience, built Tailscan after a demo video showcasing his Tailwind CSS browser extension garnered 22,000 views and 570 likes on Twitter. The tool now boasts recurring revenue of almost $30k annually, with a 95% profit margin.

How much money it makes: $38.1K/year