Gps Monitoring Business

2 Gps Monitoring Business Success Stories [2024]

Pat Walls

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Updated: October 9th, 2024

Imagine having the power to provide real-time tracking and peace of mind to businesses and individuals. Starting a GPS monitoring business could be your avenue to make this a reality. In essence, this business involves creating a system that tracks vehicles, assets, or even people using GPS technology.

Your initial tasks would involve sourcing or developing reliable GPS hardware and software solutions, followed by building a robust platform for monitoring and reporting. This field offers immense value to fleet managers, logistics companies, and even parents or pet owners.

As you grow, you'll need to market your services effectively, emphasizing safety, efficiency, and accountability. This will require an initial investment in technology and ongoing customer support, but the potential for steady, recurring revenue is significant. If you're interested in combining technology with security, a GPS monitoring business could be a way to achieve both while filling a crucial need in today’s fast-paced world.

In this list, you'll find real-world GPS monitoring business success stories and very profitable examples of starting a GPS monitoring business that makes money.

1. Hubstaff ($6M/year)

Jared Brown, co-founder of Hubstaff, came up with the idea for the time tracking tool while addressing the issue of non-developer owners and managers not knowing how long development tasks should take. Realizing that there were very few software tools providing proof of work for freelancers, he saw a strong need for his product and started building a solution. Now, Hubstaff has grown to 10,000 paying customers and $6 million in annual recurring revenue.

How much money it makes: $6M/year
How many people on the team: 54

How We Grew Our Time Tracking App To 10,000 Paying Customers

Hubstaff grew its time tracking app to 10,000 paying customers and $6 million in annual recurring revenue by solving a real problem in the market without any big incumbents, using SEO tactics and a differentiated product with proof of work features that answered the need for owners and managers to know how long development tasks should take, manage back-office tasks, and track remote team or freelancers' work.

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2. Monapp Calabs ltd ($300K/year)

Andrei developed Spapp Monitoring, an Android tracking app, as a side project while working as a web developer. After realizing its potential and the demand for tracking apps, he started working on it full-time in 2014. With around 2000 downloads per day at its peak, Spapp Monitoring became a profitable business that attracts users through SEO optimization and app store listings.

How much money it makes: $300K/year
How much did it cost to start: $5K
How many people on the team: 2

I Built An Android Tracking App That Makes $300K/Year [From Cyprus]

Spapp Monitoring is an Android tracking app for parents and employers, started as a side project and now making $300k a year through organic traffic from Google Play and the company's website.

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Read by 3,620 founders