Business Idea

Start A Tracking Application

About

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

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

Key stats

market size
$4.4B
starting costs
$23.3K
gross margin
83%
time to build
300 months
growth
Word of mouth
time investment
Side project

About

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

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

Key stats

market size
$4.4B
starting costs
$23.3K
gross margin
83%

 

time to build
300 months
growth
Word of mouth
time investment
Side project

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
MathWorks mathworks.com #1,842
Crypto Prices and Portfolio Tracker App coinstats.app #7,411
Histats.com Counter ,the free web stats and stat counter, hit counter, free web tracker and tracking tools, professional and free!! histats.com #7,515
Mobile Tracker Free mobile-tracker-free.com #18,482
Dealertrack Technologies Login dealertrack.com #19,717
HTTrack Website Copier httrack.com #20,980
Lighthouse lighthouseapp.com #26,625
Green Card Application, Green Card Status, Check Green Card Status, Green Card Tracker trackitt.com #29,144
Just a moment... ip-tracker.org #31,783
MapMyRun mapmyrun.com #34,349
Tracker Software Products :: PDF Creation Software, Free PDF Editor, FREE OCR, Voted Best PDF Reader ! tracker-software.com #71,175

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