Employee Engagement Platform

Business Idea: Build An Employee Engagement Platform in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$125K

Avg Startup Costs

$16.8K

Market Size

$1.78T

Avg Revenue

$125K/month

Avg Days To Build

120 days

Market Size

$1.78T

Avg Revenue

$125K/month

Avg Days To Build

120 days

An employee engagement platform is a great workplace tool to help maintain strong employee relationships, increase business effectiveness and improve company culture. It’s all about getting employees to promote your business on behalf of your organization. This can be done through a variety of ways including, for example, sharing content on social media sites like Facebook and Twitter.

Employee engagement is a new generation of business management. Its main task is to ensure that the work of all employees is aimed at achieving company objectives. The global employee engagement market is worth $1.8 billion, and is expected to surpass $3.7 billion by 2022.

The benefits of employee engagement software include:

Improved morale and productivity
Increased retention rates
Reduced turnover costs

Revenue & Profitability

How much do employee engagement platforms make?

On average, successful employee engagement platforms report $1.5M/year in revenue.

Startup Costs

How much does it cost to build an employee engagement platform?

It can cost as low as $1,000 to build an employee engagement platform.
It can cost as high as $2,500,000 to build an employee engagement platform.

Learn more about the costs of an employee engagement platform.

Examples Of Successful Employee Engagement Platforms

Successful employee engagement platform businesses and case studies

Successfully Pivoting From Surprise Event Planning To B2B Events And Corporate Gifting

Mystery is an experiences platform with over 20,000 engaged users in just over two years, offering a surprise element to virtual events and corporate gifting.

$150K Monthly Revenue

$1K Startup Costs

Read by 7,665 founders

Our Employee Recognition SaaS Started on Google Sheets And Eventually Raised $500K From VCs

In this case study, Intelogos, a software company focused on employee wellbeing and performance management, shares their journey of overcoming challenges, gaining valuable user feedback, and securing their first customers, including receiving a substantial $500,000 investment from a venture fund after a successful launch on Product Hunt.

$100K Monthly Revenue

$50K Startup Costs

Read by 972 founders