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

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

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.

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.