Market Researching Business

Business Idea: Start A Market Researching Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$512K
Avg Startup Costs
$11.7K
Score
73
Market Size
Avg Revenue
Min Revenue
$15K/month
Max Revenue
$1.5M/month
Avg Days To Build
360 days

Market research analysts research, compile, and analyze information on products and market conditions. The experts identify potential new markets, sales opportunities, and effective marketing strategies.

The employment of market research analysts is projected to grow rapidly over the coming years.

If you love helping businesses reach strategic decisions to excel and beat the competition, then starting a market research business can be fun and rewarding.

Revenue & Profitability

How much do market researching businesses make?

Startup Costs

How much does it cost to start a market researching business?

  • It can cost as low as $400 to start a market researching business.
  • It can cost as high as $600,000 to start a market researching business.

Learn more about the costs of a market researching business.

Examples Of Successful Market Researching Businesses

Successful market researching business businesses and case studies

TapResearch generates roughly $1.5M in revenue per month through their Sample and Insights platforms, which allow market researchers to access survey respondents they need and make fast and easy decisions through a highly scalable respondent network that delivers surveys to hundreds of millions of people.

$1.5M Monthly Revenue
Read by 10,088 founders

SolutionBuggy is an AI-based manufacturing consulting platform, providing end-to-end solutions for entrepreneurs looking to start the manufacturing industry, having completed over 2000 projects with 50,000 industries and 10,000+ experts registered on their platform, and planning to expand with 20 million registered MSMEs and 300,000 consultants in the next few years.

$20K Monthly Revenue
Read by 4,613 founders

See full list of successful market researching businesses.