Business Idea: Start A Time Tracking App in 2024
A time tracking app is a tool used allows its user to clock in/out via an internet-connected device or to use a stopwatch to record the start and end of tasks. The time tracker apps also have analytics and reporting features that consolidate the data so that users can gain insights into time spent on different tasks, projects, and clients.
The growing need among managers and enterprises to improve employee productivity and adopt a remote work culture contribute to the high demand for time-tracking apps.
Therefore, if you are looking for the best App-based business, you may consider developing a time tracker application. Here is a high-level overview of some steps to get you started working on your business idea of the time tracker App
- Define the project scope
- Choose a software development methodology
- Formulate the approach for your development project
- Create a project team
- Develop the project plan with timelines
- Test the prototypes
- Find suitable API solutions
- Publish the Apps
Revenue & Profitability
How much do time tracking apps make?
- On average, successful time tracking apps report $2.67M/year in revenue.
- 100% of time tracking apps report being profitable.
Startup Costs
How much does it cost to start a time tracking app?
- It can cost as low as $50 to start a time tracking app.
- It can cost as high as $130,000 to start a time tracking app.
Learn more about the costs of a time tracking app.
Examples Of Successful Time Tracking Apps
Successful time tracking app businesses and case studies
Discover how two founders transformed personal frustrations into Time Doctor, a bootstrapped SaaS juggernaut generating an impressive $22 million annually by leveraging strategic SEO, paid ads, and a focused remote work model.
Hubstaff grew its time tracking app to 10,000 paying customers and $6 million in annual recurring revenue by solving a real problem in the market without any big incumbents, using SEO tactics and a differentiated product with proof of work features that answered the need for owners and managers to know how long development tasks should take, manage back-office tasks, and track remote team or freelancers' work.
See full list of successful time tracking apps.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
