Idea Management Software

Business Idea: Start An Idea Management Software in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$254K
Avg Startup Costs
$16.8K
Score
75
Market Size
Avg Revenue
Min Revenue
$66K/month
Max Revenue
$750K/month
Avg Days To Build
90 days

Idea management software is designed to help businesses and teams collaborate and track their ideas. The act of managing ideas can heavily influence the outcome of teams and projects, which can mean the difference between success and failure for a company.

You'll need to ensure that you have a solid foundation of coding and prototyping to build this kind of software. On top of that, you'll want to have good sales and marketing skills to sell this software to companies and executives.

Revenue & Profitability

How much do idea management softwares make?

Startup Costs

How much does it cost to start an idea management software?

  • It can cost as low as $100 to start an idea management software.
  • It can cost as high as $50,000 to start an idea management software.

Learn more about the costs of an idea management software.

Examples Of Successful Idea Management Softwares

Successful idea management software businesses and case studies

IdeaScale, a B2B SaaS company with a focus on innovation, has grown to almost $750k/month by listening to its customers, investing in inbound search optimization, and prioritizing customer retention and support.

$750K Monthly Revenue
Read by 7,330 founders

UK-based Idea Drop is a software-as-a-service (SAAS) allowing businesses to identify, refine and execute innovative ideas through its platform, which is already being used by MT, Ericsson, and the Kent Police Force, offering a public challenge facility allowing clients to crowdsource ideas, with one Covea idea implemented via the platform estimated to save the company Β£2.5m over five years.

$200K Monthly Revenue
$50K Startup Costs
Read by 7,597 founders

See full list of successful idea management softwares.