Business Idea: Start An Address Verification Service Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$115K

Avg Startup Costs

$16.8K

Market Size

$7.6B

Avg Revenue

$115K/month

Avg Days To Build

60 days

Market Size

$7.6B

Avg Revenue

$115K/month

Avg Days To Build

60 days

Verifying addresses might not sound glamorous, but it’s essential for businesses handling large volumes of customer data. An address verification service ensures that the addresses customers provide are accurate and deliverable.

Imagine a seamless system where e-commerce stores, delivery services, and financial institutions can effortlessly authenticate customer addresses before shipping products or processing transactions. This is not just a convenience but a necessity for reducing errors and fraud.

In starting this service, you'll tackle the real issues of data integrity and customer satisfaction. By leveraging postal databases and integrating cutting-edge verification software, you can provide businesses with precise, reliable data. If you're interested in a B2B model with solid demand, an address verification service presents an attractive opportunity.

The setup involves developing or adopting verification tools, marketing to potential clients, and ensuring compliance with data protection laws. The payoff is contributing to smoother business operations and building long-term client relationships.

Revenue & Profitability

How much do address verification service businesses make?

On average, successful address verification service businesses report $1.38M/year in revenue.

Startup Costs

How much does it cost to start an address verification service business?

It can cost as low as $100 to start an address verification service business.
It can cost as high as $56,000 to start an address verification service business.

Learn more about the costs of an address verification service business.

Examples Of Successful Address Verification Service Businesses

Successful address verification service business businesses and case studies

I Started A $2.4M/Year SaaS Company That Gathers People's Personal Information

Find People Fast is a Saas product that pulls out detailed information about any person including social media profiles, public records, address, pictures, property holdings, etc, generating upwards of an estimated revenue of $500,000 per month and employing a team of 60 employees since launch eight months ago.

$200K Monthly Revenue

$56K Startup Costs

Read by 5,382 founders

How I Turned My Teenage Hobby Into A 6-Figure Full-Time Business

Contact Any Celebrity founder Jordan McAuley shares how he turned his teenage hobby into a six-figure full-time business with a membership site and print directory of over 59,000 celebrity contacts, and his marketing strategies including an affiliate program, Google AdWords, and free trials.

$30K Monthly Revenue

$100 Startup Costs

Read by 11,420 founders