Business Idea

Create A Goal Setting App

About

Createing a goal setting app requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell goal setting app, or selling goal setting app online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$154B
starting costs
$23.3K
gross margin
83%
time to build
10 months

About

Createing a goal setting app requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell goal setting app, or selling goal setting app online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$154B
starting costs
$23.3K

 

gross margin
83%
time to build
10 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Equipment & Supply Expenses $500 $5,000
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
Other Expenses $0 $300
Total Startup Costs $2,524 $44,008

Successful Businesses

Business URL Rank
Toodledo toodledo.com #25,273
GoalsOnTrack goalsontrack.com #203,602
Terri Savelle Foy Ministries terri.com #243,798
WOOP my life woopmylife.org #401,878
Strides: Goal & Habit Tracker + SMART Goal Setting App stridesapp.com #567,097
Goalscape goalscape.com #590,964
Lifetick lifetick.com #655,974
Goalsetter │ Best Savings, Debit Card and Financial Literacy App for Kids & Family goalsetter.co #772,326
SMART Goal Setting App & Templates goals.com #902,334
Peak Money peakmoney.com #1,335,725
Remente remente.com #1,665,974

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 goal setting app 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 goal setting app 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 goal setting app, 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 goal setting app, 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 goal setting app, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a goal setting app, 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 goal setting app, 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.