Today’s innovative apps are opening up new avenues for entrepreneurs to make big money, and according to businessofapps.com, consumers will spend $135 billion on apps in 2023.
If you thought a successful app idea had to be complicated, you might be surprised. For example, one category that's growing in popularity is bubble-popping apps like Bubble Pop-Pop Bubble, which focuses on the human tendency to pop bubbles. With a 4.7 rating from nearly 9,000 reviewers, the app is just one of many that help you pop fantasy bubbles.
Or consider Fruit Ninja, the fruit-slicing game that sold 200,000 copies in its first month and surpassed 1 billion downloads in its fifth year.
You don't have to be a computer programmer or software developer to launch a successful app. Appstango is a Utah-based technology company that specializes in turning app ideas into reality. The company has developed successful apps for businesses, universities, and individuals.
Below are some examples of profitable categories and apps currently on the market:
On-demand service app
You probably use some of these apps. From ordering food from your favorite restaurant to requesting a ride to get to your destination, service apps have changed the way consumers access all kinds of services. These apps offer convenience and flexibility, and address users' immediate needs – a model that pays off in today's busy lifestyles.
From monthly subscriptions to fee per service, the options for making money from your service are entirely up to you and your desired business model.
Health and Fitness Apps
Health apps are popular, giving users tools to better manage their health. MyFitnessPal is by far the largest revenue earner in the health app world, with revenue of $12.25 million in January 2024, according to the latest data from Statista. The app allows users to monitor their diet and exercise and get personalized insights.
Following MyFitnessPal on the January revenue rankings were Strava, Peloton, and Lose It!, all of which generated over $4 million in revenue, showcasing the diversity of fitness apps and their ability to generate revenue in their own right.
Educational Apps and E-Learning Platforms
Educational apps are changing the traditional way we learn. According to Sensor Tower, education apps are making huge economic advances. In 2023, education app revenue grew 12% year-over-year.
Language learning app Duolingo has set a new download record in 2023. According to Sensor Tower, it reached 160 million downloads last year, proving the universal demand for quality educational content.
Financial Management and Budgeting App
In the financial management space, there are a ton of apps to help you manage your budget: According to Forbes writer Rachel Murphy, You Need A Budget, Empower Personal Dashboard, and Goodbudget are all top budgeting apps for 2024. Most of the top apps on the list have a subscription-based model, allowing developers and businesses to monetize their tools.
The key to a successful app lies not only in a great idea, but also in effective execution and ongoing management with the support of experienced app developers. That's where Utah-based app developer AppsTango comes in. Our team of certified experts is ready to turn your great idea into a profitable reality.
Social Networking Apps
While it's true that the big players in the social media space aren't going away anytime soon, there's still money to be made in the social networking space: According to Statista, social networking generated about $143 million in revenue last year.
It's unlikely that any new social networking apps will emerge in the next few years that will disrupt the market significantly – after all, how many platforms do you need to share photos and status updates across? But thinking outside the box and expanding your social networking to those around you and those with similar interests can be useful and profitable.
Apps that focus on building specific communities can garner a loyal user base. Nextdoor connects neighbors based on location and provides a platform for sharing information, products, and services with neighbors.
Finding ways to bring like-minded people together is a surefire way to build a loyal group of app users.
Your partner for app development
Appstango has a team of experienced and dedicated experts to develop apps that engage and excite users, exceed their expectations and generate significant revenue.
As a local leader in Utah with experienced developers, Appstango helps you turn your great app idea into a profitable digital product. Start your new idea on AppsTango.com.