Start A Tracking Application - Business Ideas

Updated: September 15th, 2022
Start A Tracking Application

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

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
$19.4K
gross margin
83%
time to build
300 days
growth
SEO
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.