Tracking Tool

Business Idea: Start A Tracking Tool in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$1.17M

Avg Startup Costs

$13.7K

Market Size

$154B

Avg Revenue

$1.17M/month

Market Size

$154B

Avg Revenue

$1.17M/month

Looking to streamline productivity and hit those deadlines with precision? Consider developing a tracking tool.

A tracking tool is software designed to monitor progress on tasks, projects, or time management. It enables teams and individuals to keep track of their activities, making sure nothing slips through the cracks. From project managers to freelancers, a tracking tool can serve as the backbone of any organized workflow.

The appeal of this business lies in its broad utility. Businesses across various industries seek efficient ways to stay on top of their objectives. Creating a reliable, user-friendly tracking tool can make you indispensable to these organizations.

Building this software requires a solid understanding of software development and user experience. However, the demand for effective tracking solutions ensures a continuous customer base. If you have the technical skills and a vision for streamlined productivity, a tracking tool business can be a gratifying endeavor.

Revenue & Profitability

How much do tracking tools make?

On average, successful tracking tools report $14M/year in revenue.

Examples Of Successful Tracking Tools

Successful tracking tool businesses and case studies

How Rob Rawson Bootstrapped Time Doctor to $22M ARR in 14 Years

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.

$1.83M Monthly Revenue

Read by 34 founders

How We Grew Our Time Tracking App To 10,000 Paying Customers

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.

$500K Monthly Revenue

Read by 7,158 founders