Software Tool

Business Idea: Build A Software Tool in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$2.05M
Avg Startup Costs
$16.8K
Score
75
Market Size
Avg Revenue
Min Revenue
$23K/month
Max Revenue
$10M/month
Avg Days To Build
90 days

Businesses are focusing on automating their operations, a need that has resulted in increased demand for software developers.

If you have software development skills and looking for a low maintenance business idea that will generate passive income, it is time to practice your skills.

A software company can build a plethora of applications and earn a passive income from them, with very little to no maintenance needed to keep the applications running. If you plan to start a software business, research the market to find high-potential opportunities. You may focus on a certain niche, or serve any business.

Choose a payment option that allows you a passive income over the lifetime of your software.

Revenue & Profitability

How much do software tools make?

Startup Costs

How much does it cost to build a software tool?

  • It can cost as low as $100 to build a software tool.
  • It can cost as high as $60,000 to build a software tool.

Learn more about the costs of a software tool.

Examples Of Successful Software Tools

Successful software tool businesses and case studies

Nextiva, an Arizona-based business communications company, has developed an all-in-one platform called NextOS, which offers CRM tools, team collaboration tools, and business communication tools, resulting in a significant shift in its business model, and has grown from just a few employees to over 1,000 spread around the world, entirely self-funded, and focused on providing amazing service to its customers.

$10M Monthly Revenue
Read by 7,198 founders

This case study showcases how ScrapingBee, a web scraping API, was built on a shoestring budget using a mix of tools and outsourced services, achieving impressive growth through SEO content and targeted marketing strategies, with revenues averaging $125K/month, generating $1.5M/year since 2019.

$125K Monthly Revenue
Read by 374 founders

See full list of successful software tools.