Software Developer

How Much Money Do Software Developers Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, software developers can make between $500-$350,000 per month.
The average revenue for a successful software developer is $51.7K per month.
The highest grossing software developer in our records makes over $4,200,000 per year.
Software developer owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a software developer?

And now you're wondering how much software developer owners actually make...

Well, let’s dive in!

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

1. SkyVerge, Inc. ($4.2M/year)

Max Rice, the co-founder of SkyVerge, came up with the idea for the business while working as an IT Director. He reached out to Justin Stern, who was knowledgeable about WooCommerce, for help with an eCommerce project. The successful collaboration led them to start SkyVerge, which now generates $350,000 in monthly revenue and provides software tools for over 100,000 eCommerce brands.

How much money it makes: $4.2M/year

2. UserGuiding ($2.4M/year)

Osman and his co-founder Muhammet started UserGuiding after a failed search for a business model in San Francisco. They had the skills, time, and money, but no idea until they analyzed a difficult-to-use product they were offered a job for and realized they could build a better user onboarding tool. They received positive feedback from experienced SaaS founders and quickly developed a prototype, making their first sale to Mobile Action founder Aykut. Within their first month, they made $2,000 and launched on Product Hunt, gaining more customers and attending SaaStr Annual 2018 with Aykut's gift of tickets.

How much money it makes: $2.4M/year

3. Epixel Solutions ($1.8M/year)

Sajin Rajan, co-founder of Epixel Solutions, came up with the idea for the company after attending a trade show and realizing the difficulties faced by product-selling companies in the direct selling industry. He saw an opportunity to provide a stable and advanced MLM software solution to help these companies manage their business more effectively. Since launching in 2015, Epixel has experienced impressive growth, with a monthly revenue of $70,000 and a client base that includes direct selling, MLM, blockchain, cryptocurrency exchanges, and more.

How much money it makes: $1.8M/year

5. Barn2 Plugins ($1.44M/year)

Katie and her husband Andy founded Barn2 Plugins in 2009 as a web design shop. They saw the opportunity to transition into a product business and identified gaps in the market by leveraging their insider knowledge of the industry and researching pain points online. They started with their first product, WooCommerce Password Protected Categories, and focused on low-cost, low-risk solutions that could be quickly developed and launched. Through content marketing and targeted advertising, they have been able to attract and retain customers, generating over $100,000 in monthly revenue with their 16 products.

How much money it makes: $1.44M/year

6. Creme Digital ($1.2M/year)

Jacob Klug, a 20-year-old entrepreneur, launched Creme Digital at 17 after realizing the power of no-code tools like Bubble during the COVID-19 pandemic. His high-school hustle turned into a $100k/month business, building apps for startups and Fortune 500 companies alike.

How much money it makes: $1.2M/year

7. Cobuild Lab ($1.08M/year)

Angel Lacret, the founder of Cobuild Lab, started the company 5 years ago after moving to Miami from Venezuela. As a software engineer with previous experience in creating products for startups and government organizations, Lacret saw the need to help entrepreneurs succeed by providing them with custom software solutions. Over the years, Cobuild Lab evolved its product development process, focusing on sustainable software development and establishing a strong customer service approach. Despite the challenges posed by the COVID-19 pandemic, the company adapted its strategy and saw significant growth, doubling its revenue and staff in 2021. Cobuild Lab's future goal is to continue expanding its sales and lead generation efforts, aiming for a 2x growth in 2022.

How much money it makes: $1.08M/year

8. Dusseau and Company ($420K/year)

Mark, the founder of Dusseau and Company, drew inspiration from his personal experiences as a former foster child and his professional background in software development. He saw a need to help small businesses and diverse founders build disruptive software companies, and thus, Dusseau and Company was born. With a scientific approach to product development and a commitment to empathy and helping others, Mark has successfully worked with clients like Chevron and JP Morgan Chase, helping diverse founders raise $700k in funding and achieve over $15 million in company valuations.

How much money it makes: $420K/year

9. Dreamonkey ($360K/year)

Federico Schianchi and his four partners started Dreamonkey after their first project, Check Your Life, failed to take off. With their expertise in web app development and industrial IoT, they shifted their focus to selling their services to enterprise-level customers, leading to a constant growth of 50% per year and revenue of $300K.

How much money it makes: $360K/year

10. TRIARE ($300K/year)

Boris, the founder of TRIARE, came up with the idea for his software development company after working as a project manager for a German startup. When the company closed down, Boris decided to keep the team and build a business together. With just a $500 investment, they started providing software development services and eventually evolved into a full-cycle service provider. Through word of mouth and various marketing tools, TRIARE has attracted and retained customers, with their website receiving 22,000 unique visitors and generating dozens of leads.

How much money it makes: $300K/year