Best App Ideas to Make Money in 2024: A Comprehensive Guide

In the 21st century, it's hard to imagine life without using mobile devices. As of 2022, there were approximately 6.4 billion smartphone users worldwide. It is projected that by 2028, this number will surpass 7.7 billion.

Source: Statista

The growth of smartphone users opens up immense opportunities for developing mobile apps. Nowadays, people use such solutions in all industries, from food delivery to e-learning.

For developers, this presents an excellent way to make money. Earning through apps is not as difficult as it may seem. With the development of the market, different ways of monetization have emerged, including advertising, paid services, and more. But which solution will allow you to maximize your income when there are numerous applications available? According to statistical estimates from Statista, as of June 2023, there were approximately 2.6 million apps in the , while in 2022, the App Store had 1.64 million.

In this article, Lampa Software specialists have gathered the best app ideas to make money, which can become successful and profitable.

The Growing Demand for Apps Ideas to Make Money

In 2021, the global mobile app development market was valued at $197.2 billion. From 2022 to 2030, this figure is expected to reach $583.03 billion at an average annual growth rate of 12.8%.

The growth indicates the rapid development of the industry and the increasing interest in digital products. The reasons for the increased demand are the growing number of smartphone users and technological advancements.

As of 2024, the mobile app development industry uses cutting-edge technologies such as machine learning, artificial intelligence, and others. These technologies enhance the performance of IT solutions, making them more functional and useful.

A mobile app that offers users various options and satisfies their needs will undoubtedly succeed. Take Uber as an example. It's a company that changed the paradigm of the sharing economy with its technological achievements. It created the eponymous digital solution for finding, calling, and paying for taxis and food delivery. Uber operates in 72 countries, with over 7.6 billion trips since its launch. In 2022, its net revenue was around $31.88 billion.

Of course, business ideas alone are not enough. It is necessary to understand user needs and consider current market trends. However, the idea serves as the starting point for launching a successful project.

Simple App Ideas That Make Money: A Comprehensive List

In this section, we've gathered five of the best money-making app ideas. They will help you create a digital product that aligns with current market needs and ensures financial success.

Budgeting and Expense Tracking App

Why it's a good idea: Such solutions allow users to track incomes and process digital receipts and monthly expenses across various categories. Users can set limits on specific expenditures, plan savings, and more. These apps are highly popular due to the increasing prevalence of online banking transactions and purchases.

Success example: Mint is a popular service for monitoring personal expenses. The app consolidates all user financial accounts – bank accounts, credit cards, car loans, and mortgages – into one system. Financial data is recorded, categorized, and presented in graphical form. Mint provides budget planning recommendations by recording and analyzing spending, allowing for more effective expense management.

Language Learning App

Why it's a good idea: Language learning apps have transformed language acquisition into an engaging game. Users can learn English and other languages through favorite TV shows, songs, conversations with native speakers, entertaining quests, memes, and images from horror cartoons.

Success example: Duolingo is one of the most well-known language-learning apps for smartphones. Its main distinction is the ability to learn a language from scratch, even when the simplest words pose challenges. Tasks on the site are grouped by difficulty levels, starting with photo identification and translation of simple words and progressing to longer sentences.

Meditation and Mindfulness App

Why it's a good idea: Meditation is an ancient therapeutic practice that brings immense benefits to the mind and body. Meditation and mindfulness apps are becoming increasingly popular and necessary, helping individuals disconnect from external noise and enter a deep state of rest, relaxation, and concentration.

Success example: Headspace is a modern meditation and relaxation app with an extensive library of guided meditations, tools, and advice to help users get started. Its main differentiating feature is a focus on gamification, using various gaming elements to make meditation more understandable and engaging.

Virtual Fitness Coaching App

Why it's a good idea: Fitness apps have always been in demand, and during the pandemic, their popularity significantly increased. They help people find suitable workouts and manage irregular exercise. Most apps provide special and general diet options, which allow users to maintain a healthy lifestyle while combining physical activity and good nutrition.

Success example: MyFitnessPal is a trendy mobile tool that calculates the right calorie balance. The system monitors weight and provides a tailored daily meal program. Additionally, the app tracks a person's physical activity and health status.

Healthy Eating Recipe App

Why it's a good idea: The health-conscious trend is a part of modern consumers' lives. They are willing to change their eating habits because they understand the impact of food on health. Proper nutrition has become easier with apps that can assess the quality and balance of a diet.

Success example: Yummly is a smart culinary app with an enormous collection of recipes for a wide variety of dishes, complete with step-by-step guidance. The service allows users to customize their recommendation lists, enabling them to see recipes for other dishes. If a recipe is liked, it can be saved for later use.

Additionally, apps like Pet Care Reminder (e.g., Pawtrack), Home Organization and Cleaning Guide (OurHome), Travel Planning and Itinerary (TripIt), Personal Safety Alert (Noonlight), and AI-Based Learning and Tutoring (Squirrel AI) are highly popular among audiences.

To choose the listed mobile app development ideas, you need to find a balance between your interests, market needs, and what you can offer.

The Process from Mobile App Development Ideas to Launch

This process includes the following stages:

Do you want to build a promising digital product and search for a reliable partner to bring your ideas for apps to make money to life? Turn to the specialists at Lampa. We will provide you with a high-quality solution, whether it's an expense management app, language learning app, pet care app, or any other field.