Data Sharing Business

Business Idea: Start A Data Sharing Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$12K

Avg Startup Costs

$20.5K

Avg Revenue

$12K/month

Avg Days To Build

242 days

Avg Revenue

$12K/month

Avg Days To Build

242 days

Want to help businesses unlock the value of their data? Consider starting a data sharing business.

In simple terms, a data sharing business involves securely collecting, managing, and distributing data from various sources to companies that need it for analysis and decision-making. You'll act as the bridge, ensuring the data is high quality, compliant with regulations, and accessible for those who need it.

The expanding need for data-driven decision-making across industries makes this a compelling business opportunity. Companies continuously seek fresh, reliable data to stay competitive, offering a steady demand for your services.

Starting a data sharing business isn't without its challenges. It requires robust data security measures, a keen understanding of data privacy laws, and strong relationships with data providers and clients. However, with the right approach, it can be both a rewarding and profitable venture, filling a critical gap in the current business landscape.

Revenue & Profitability

How much do data sharing businesses make?

On average, successful data sharing businesses report $144K/year in revenue.

Startup Costs

How much does it cost to start a data sharing business?

It can cost as low as $300 to start a data sharing business.
It can cost as high as $2,500 to start a data sharing business.

Learn more about the costs of a data sharing business.

Successful data sharing business businesses and case studies

How I Bootstrapped A $264K/Year Data Scrapping API [From India]

Scrapingdog, a web scraping API founded in India by Manthan Koolwal, is making $22k per month and has increased its paid customer base by 15-18% every month, focusing on SEO and quality backlinks to attract customers and achieve a 99% success rate in web scraping.

$22K Monthly Revenue

$300 Startup Costs

Read by 4,322 founders

How I Turned My Side Hustle Into A Profitable SaaS [97% Gross Margin]

Crustdata co-founders built a SaaS tool to track private startups by indexing the public web, onboarded more than 10 paying users and brought in over $20,000 revenue since launching in March 2022.

$2K Monthly Revenue

$1K Startup Costs

Read by 3,343 founders