Business Idea

Start A Parcel Tracking Software

About

Starting a parcel tracking software requires a great deal of effort, dedication, and most importantly passion.

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

Want to learn more? You can check out our full guide on how to start a parcel tracking software ➜

Key stats

market size
$60B
revenue (monthly)
$6K
starting costs
$36.6K
gross margin
80%
avg product price
$10000
time to build
10 months
growth
Direct sales
business model
Media Business & Subscriptions
time investment
Side project

About

Starting a parcel tracking software requires a great deal of effort, dedication, and most importantly passion.

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

Want to learn more? You can check out our full guide on how to start a parcel tracking software ➜

Key stats

market size
$60B
revenue (monthly)
$6K
starting costs
$36.6K
gross margin
80%
avg product price
$10000

 

time to build
10 months
growth
Direct sales
business model
Media Business & Subscriptions
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
App Creation Costs $1,000 $20,000
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $1,750
Other Expenses $0 $300
Total Startup Costs $7,517 $65,744

Successful Businesses

Business URL Rank
17Track 17track.net #829
Narvar narvar.com #1,651
4px递四方速递 For Perfect X-border 4px.com #1,969
TrackingMore trackingmore.com #10,387
Free USPS shipping software pirateship.com #12,881
track-trace track-trace.com #18,081
The COVID Tracking Project covidtracking.com #18,239
Track24.net track24.net #24,326
Great British Parcel Delivery parcelforce.com #31,203
OnTrac Shipping ontrac.com #32,523
Route route.com #36,557

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!
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.
Meaningful business connections You never know who you will meet as a parcel tracking software. This could be the start of an incredible business opportunity!
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.
High margins The gross margins for your parcel tracking software are typically around 80%, which is considerably high and allows you to grow your business and manage costs easily.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A parcel tracking software can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
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.
High employee turnover In the parcel tracking software, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Taxes As a parcel tracking software, 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.
Stressful work This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

Marketing Ideas

  • 1

    Word of mouth

    The most tried and true way to grow a parcel tracking software is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 2

    Partnerships

    Starting a parcel tracking software is all about building relationships and becoming an integral part of your community.

    Many entrepreneurs make the mistake of thinking they can do everything on their own. In reality, other businesses (even your competition) and members of your community can be a huge piece of your growth strategy.

    When forming any type of partnership, a lot of energy and time can go into this.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to parcel tracking software.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜