3 Onboarding Software Success Stories [2024]
Employee onboarding doesn't have to be a headache. Onboarding software simplifies the process of integrating new hires into your company. This business idea revolves around developing software to streamline the onboarding experience, from paperwork and compliance checks to training sessions and team introductions.
The core of the idea is to create a platform that automates repetitive tasks while ensuring a cohesive onboarding journey for employees. Companies can utilize this to save time, reduce errors, and enhance the new hire experience, making it attractive for HR departments.
Diving into this venture will require development skills, a deep understanding of HR processes, and a commitment to continuous improvement. It's an appealing opportunity if you're looking to solve real-world problems with tech, potentially transforming the way businesses welcome their new employees.
In this list, you'll find real-world onboarding software success stories and very profitable examples of starting a onboarding software that makes money.
1. Regpack ($10M/year)
While working as a Fulbright scholar at Berkeley, Asaf Darash pondered creating a meta-programming application with unlimited variables and outcomes for non-programmers. Realizing the high demand for customizable onboarding and payment systems, he founded Regpack, which now boasts 31 employees and over $800k in monthly revenue.
How much money it makes: $10M/year
How much did it cost to start: $500K
How many people on the team: 31
In this case study, the founder and CEO of Regpack, an online payment management and registration platform, shares the journey of building and growing the business, with impressive highlights including a 30% revenue increase for customers and a team of 31 employees making over $800k each month.
2. eWebinar ($600K/year)
Melissa Kwan, co-founder and CEO of eWebinar, came up with the idea for the business after experiencing the pain of having to run the same webinar over and over again for her previous enterprise SaaS startup. Recognizing the need for a scalable webinar automation solution, Melissa decided to create eWebinar, a platform that turns any video into an interactive webinar that can be set on a recurring schedule or made available on demand. With customers ranging from solopreneurs to publicly traded companies, eWebinar has achieved an MRR of around $50k and continues to focus on delivering the best product and customer experience.
How much money it makes: $600K/year
How much did it cost to start: $500K
How many people on the team: 0
Melissa Kwan, CEO of eWebinar, discusses how she identified the pain point of running the same webinar over and over again, leading her to build an automated webinar solution, with a current MRR of $50k and a focus on word-of-mouth marketing.
3. Vorttx Training and Testing ($180K/year)
Kyle Golding, co-founder of VORTTX Training and Testing, came up with the idea for his business after realizing the need for a more efficient and engaging emergency response training system in long-term healthcare facilities. With a market potential of $100 million per year, VORTTX has seen over 500% adoption rate in its first 12 months and continues to grow. By providing a virtual solution instead of a physical "training in a box," VORTTX has been able to reduce costs and increase ease of use for its customers.
How much money it makes: $180K/year
How many people on the team: 0
VORTTX Training and Testing is a virtual emergency response training system generating 1% of its market potential of one hundred million dollars a year in its second year of full-time operation through utilizing email marketing, trade shows, trade events, referrals, personalized LinkedIn messages, and featuring testimonials from early adopters.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.