How Profitable Is An User Feedback App? (Updated for 2024)
So you want to start an user feedback app?
And the first question that came to your mind was, “well, are user feedback apps actually profitable?”
Especially considering:
- You could start a user feedback app with as low as $300
- Based on our data, user feedback apps generate an average of $376K per year
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 user feedback app.
Let’s dive in!
Is an user feedback app profitable?
Yes, an user feedback app 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 $376K per year with an estimated gross margin of 20%, 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 user feedback app.
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 user feedback app is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.
Is an user feedback app worth it?
If you’re wondering if a user feedback app is worth it, the answer is a big YES. With user feedback apps, you have the potential to earn $376K 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 $, 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 user feedback app 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 user feedback apps case studies.
Examples Of Profitable User Feedback Apps
Here are a few examples of profitable user feedback apps, and a few more details about them:
1. Upvoty ($240K/year)
With a background in building online businesses, the founder needed a customer feedback solution for his own business.
The founder did not find any suitable tools for his SaaS platform, so he decided to build Upvoty on the side to “scratch his own itch.”
Is it profitable? Yes
How much money it makes: $240K/year
A case study on the founder of Vindy and Upvoty, who used his experience with his first startup to quickly grow his second startup to over 100 customers and $500 MRR, all while financing everything with the profits of his first company.
2. Senja ($360K/year)
Olly was dissatisfied with the existing solutions for collecting and managing testimonials, finding them to be either slow, expensive, or lacking in aesthetic appeal.
He experienced a significant drop in page speed after integrating a competitor’s service into an earlier project to add social proof, which further fueled his discontent.
Motivated by this experience, the founder set out to create a more engaging, efficient, and visually appealing way to handle testimonials, aiming to surpass the current offerings on the market.
Is it profitable? Yes
How much money it makes: $360K/year
How much did it cost to start: $500
Case study about how founder Olly Meakings built Senja, a testimonial automation tool, from the ground up with a growth strategy that led to 70% of customers coming from Twitter, offering a free tier and two paid subscription options, starting the business in 2022 and currently making an average of $30K/month.
3. PlaybookUX ($1.8M/year)
Lindsey Allard, the founder of PlaybookUX, came up with the idea for her business after realizing there weren't many cost-effective all-in-one research tools for startups, SMBs, and freelancers in 2018. She wanted to create a tool that would allow any freelancer with an idea to quickly get feedback from their target customers, and ended up attracting huge brand names like Google. PlaybookUX has achieved profitability within its first year and currently has 1,100 customers, with a revenue of $150k/month as of early 2022.
Is it profitable? Yes
How much money it makes: $1.8M/year
How much did it cost to start: $100K
PlaybookUX is a remote research platform that uses qualitative research to test and analyze digital assets with Fortune 500 firms and sole freelancers as customers, having achieved $1.8m in annual revenue with 1,100 customers and 100% YoY growth as a result of bootstrapping their business and keeping user feedback in focus.
Learn more about starting an user feedback app:
Where to start?
-> How much does it cost to start an user feedback app?
-> Pros and cons of an user feedback app
Need inspiration?
-> Other user feedback app success stories
-> Marketing ideas for an user feedback app
-> User feedback app names
Other resources
How much can you make with an user feedback app?
With a user feedback app, you can make an average of $376K revenue per year (based on data reported by real businesses).
You can start with an initial investment as low as $300. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 12 months.
How much does a user feedback app make a week?
Based on our data, average weekly revenue for a user feedback app ranges around $7.84K. As such, you could see monthly revenues of $31.4K.
To know if your user feedback app 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 user feedback app.
How much do user feedback apps owners make?
The income of an user feedback app 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 user feedback app is about $7.84K. 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 user feedback app owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.
User Feedback App Profit Margins
Generally speaking, an user feedback app can expect profit margin of around 20%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of an user feedback app, 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, user feedback app 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, user feedback app owners can ensure long-term sustainability and profitability for their business.
User feedback app owner salary
The salary of an user feedback app 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 user feedback app, in a prime position, might see an average weekly salary around the ballpark of $1.57K.
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 user feedback app may be a promising business to start - but the success of your user feedback app mostly depends on your effort and your approach.
If you focus on these, you'll have a much higher chance of a profitable user feedback app.
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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.
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