S
Starter Story
Business Idea
Start A Cloud Based Attendance App Business
About
Starting a cloud-based attendance app business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell cloud-based attendance app service, or selling cloud-based attendance app service online, you can use this page as a guide for everything you'll need to know.
Key stats
market size
$171B
starting costs
$23.3K
gross margin
83%
time to build
300 months
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $0 | $7,000 |
| App Creation Costs | $1,099 | $20,099 |
| Training & Education Expenses | $0 | $1,000 |
| Software Expenses | $162 | $2,894 |
| Advertising & Marketing Costs | $0 | $7,500 |
| Website Costs | $13 | $215 |
| Total Startup Costs | $1,274 | $38,708 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
Chatwork | chatwork.com | #1,558 |
|
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greythr | greythr.com | #5,176 |
|
|
Screen Recording Software for Mac & PC | getcloudapp.com | #5,374 |
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|
Quickbase | quickbase.com | #6,271 |
|
|
Symfony, High Performance PHP Framework for Web Development | symfony.com | #12,745 |
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|
MapmyIndia | mapmyindia.com | #27,626 |
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|
Employment Hero | employmenthero.com | #39,411 |
|
|
FactoHR | factohr.com | #52,630 |
|
|
PointClickCare | pointclickcare.com | #69,402 |
|
|
Resourceinn | resourceinn.com | #71,271 |
|
|
Apps Run The World | appsruntheworld.com | #77,538 |
Pros & Cons
| Pros | Description |
|---|---|
| Flexibility | You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
| Ability to start your business from home | It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
| Rewarding work | Starting a cloud-based attendance app business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
| Scalable | With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
| No overhead costs | To get your cloud-based attendance app business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money! |
| High customer retention rates | Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
| Cons | Description |
|---|---|
| Crowded Space | Competition is high when it comes to your cloud-based attendance app business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
| Security Issues | With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road. |
| Lack of benefits | With a cloud-based attendance app business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
| Isolation | Often times, as a cloud-based attendance app business, you typically work alone and do not have much face-to-face interaction with other team members. |
| Taxes | As a cloud-based attendance app business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
| No safety net | Typically, as a cloud-based attendance app business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times. |
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