This Archaic Category of Apps is Making a TON of Money!
This is a single insight from This Week in Apps #89 - MrBeast Takes on the App Store!. Check out the full article for more insights.
I get asked what's the best app to make to earn money is, and my answer is usually something along the lines of "you can succeed with most apps, so build what you want to build."
But...
There's a category of apps most people don't even think about, and I'm pretty sure no one really wants to build, but they do it for the money. Can you guess what that type of app is?
Fax apps, used to send and receive faxes (is that how it's even said?)
And for those thinking, "what's a fax???", it's the IRL version of email, and it required real paper.
According to Explorer, there are 412 apps that provide the ability to send/receive documents sent by fax on the App Store and Google Play right now.
In October, we estimates that the group earned $2.4 million in net revenue in the US alone! Yup, that's multiple, with an M, millions, also with an M, and in a single month, coincidentally, also an M.
That number was $1.5 million in December of 2020, and didn't even graze a million ($839,000) in January of 2020. That means monthly revenue in the category grew more than 170% in under two years..
To those who say all the opporutnities are gone by now I serve this as an example that you're flat out wrong. You just have to know where to look, and that's why App Intelligence is som important (also we make it super affordable!)
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All figures included in this report are estimated. Unless specified otherwise, estimated revenue is always net, meaning it's the amount the developer earned after Apple and Google took their fee.
