Today’s innovative apps are opening up new opportunities for entrepreneurs to generate significant revenue. According to businessofapps.com, consumers will spend $135 billion on apps in 2023.
And if you think successful app ideas have to be complex, you’re in for a surprise. One category that’s growing in popularity is bubble-popping apps like Bubble Pop-Pop Bubble, which focus on the human urge to pop bubbles. With a 4.7 rating from nearly 9,000 reviewers, it’s just one of dozens of apps that let you pop imaginary bubbles.
Or consider Fruit Ninja, a fruit-slicing game that sold 200,000 copies in its first month and was downloaded over a billion times in its fifth year.
You don’t have to be a computer programmer or software developer to launch a successful app. Appstango, a technology company founded in Utah, specializes in turning app ideas into reality. They have developed successful apps for businesses, universities, and individuals.
Here are some examples of profitable categories and apps currently on the market.
On-demand service apps
It’s very likely that you use some of these apps. Whether it’s ordering food from your favorite restaurant or requesting a car to take you to your destination, service apps have changed the way consumers access all kinds of services. These apps offer convenience and flexibility and cater to users’ immediate needs, which is a lucrative model in the hectic modern lifestyle.
From monthly subscriptions to per-service costs, your ability to make money from your service depends entirely on you and your desired business model.
Health and training apps
Health apps are popular and provide users with tools to better manage their wellbeing. MyFitnessPal is by far the biggest moneymaker in the world of health apps. Recent data from Statista shows that the company earned $12.25 million in January 2024. The app allows users to monitor their diet and workouts and offers personalized insights.
Following MyFitnessPal in the January revenue rankings are Strava, Peloton and Lose It! Each of these apps made more than $4 million, which shows the breadth of fitness apps and their profitability.
Learning apps and e-learning platforms
Educational apps are disrupting traditional learning methods. According to Sensor Tower, they are making great financial progress. In 2023, educational app revenue increased by 12% year-on-year.
Duolingo, a language learning app, has set a new download record in 2023. According to Sensor Tower, it reached 160 million downloads last year, proving the universal demand for high-quality educational content.
Apps for financial management and budgeting
In the financial management space, there are numerous apps that can help you keep your budget under control. According to Forbes writer Rachel Murphy, You Need A Budget, Empower Personal Dashboard, and Goodbudget are all the top budgeting apps of 2024. Most of the top apps on her list are subscription-based models that allow developers and companies to monetize their tools.
The key to a successful app is not only a great idea but also effective implementation and continuous management with the support of experienced app developers. This is where Utah-based app developer AppsTango comes in. Its team of certified experts is ready to turn your brilliant ideas into profitable realities.
Social networking apps
While the big players in the social media space aren’t going away anytime soon, there is still money to be made in the social networking space. According to Statista, social networks generated nearly $143 million last year.
It’s unlikely that a new social networking app will come along and significantly disrupt the market in the next few years. After all, how many platforms do you need to share photos and status updates? But thinking outside the box and expanding your social network to include people around you and those with similar interests can be helpful and profitable.
Apps that focus on building specific communities can reach a dedicated user base. Nextdoor connects neighbors based on location and provides a platform to exchange information, goods and services with the people in their immediate area.
Finding ways to bring like-minded people together is a surefire way to build a loyal group of app users.
Your partner in app creation
Appstango has the experience and a dedicated team of professionals to develop apps with platforms that engage, delight and exceed user expectations while generating you significant revenue.
As a local Utah leader with experienced developers, Appstango can help turn those brilliant app ideas into profitable digital products. Get started with your new idea on AppsTango.com.
