Mobile app with $15,000 in TTM revenue and $14,000 in TTM profit that helps you to split group expenses and is super easy to use. It's perfect for vacations, weekend trips, household costs, or any other group costs. I started developing in 2012 and released the first version in early 2013. I wanted to solve a personal problem: Creating complicated spreadsheets to find out who owes whom money after trips with friends.
✅ $15,000 in TTM revenue
✅ $14,000 in TTM profit
✅ $2,000 in revenue last month
✅ $1,930 in profit last month
✅ Competitors: Splitwise, Splid
The app started as a paid app and with a single-user client-side database. In 2017 I launched version 2 which introduced a freemium model, cloud-based data syncing, multi-users, and push notifications. In 2019 I released the first version for Android and in 2020 I added a subscription payment.
There are many opportunities to improve this business. My backlog for new features is long, which could make the product even better.
The app is currently only available in English and German. I get many requests to translate the app to Spanish, French, Italian...
I did not spent a dollar on marketing. I'm a tech and product guy, so I guess there are many opportunities.
The pricing is pretty low compared to other products (e.g. Splitwise).
Improve conversion rates
Increase digital marketing
Increase content marketing
Add new product features
Expand to new markets
Focus on SEO
Social media marketing
Codebase and IP