3 Online News Success Stories [2024]
The rapid pace of technological advancements is constantly evolving and creating different business opportunities. Starting an online news channel can be a great business opportunity for videographers with some journalism skills.
Millennials have become more adaptive to the latest technologies and viewing patterns, with most prefer watching news online. According to statistics, more than eight in ten Americans watch news through digital devices like smartphones, computers, and tablets.
Therefore, starting an online news channel can be a profitable venture. To start making money through your channel, focus on growing the audience so that marketers and advertisers can reach out for the airing of their advertisements through your channel.
In this list, you'll find real-world online news success stories and very profitable examples of starting a online news that makes money.
1. Contrarian Thinking ($3M/year)
Contrarian Thinking is a premium membership community that teaches people how to add cash-flowing income streams to their portfolios and achieve financial freedom.
Codie Sanchez, the founder of Contrarian Thinking, came up with the idea for her business after experiencing numerous career changes and realizing that money was the key to solving problems. After working in finance and investing, she decided to blend her love for writing, investing, and teaching others to create a company that helps people achieve financial freedom. Through her premium membership community, Contrarian Cashflow, she teaches members how to add more cash-flowing income streams to their portfolios and build the life they have always dreamed of. With over 100,000 newsletter subscribers, a community of 1.5 million people, and a run rate of $3 million this year, Contrarian Thinking is empowering individuals to challenge the status quo and shape their own destinies.
How much money it makes: $3M/year
How much did it cost to start: $5K
How many people on the team: 4
Contrarian Thinking is a premium membership community that teaches its 1.5 million members how to implement cash flow strategies to achieve financial freedom, with a current run rate of $3 million and a goal of $50 million ARR in five years.
2. Information Guide Africa ($120K/year)
Igbo Clifford Chimaizuobi, along with his twin brother Igbo Stanford Onyemaizuchi, launched Information Guide Africa to provide a platform for writers to earn together. Starting with a general niche blog, they embraced multi-niche content and monetized through ad networks, affiliate marketing, and sponsored posts, growing their monthly readership to over 200,000. They are now expanding into movie making and plan to launch apps for their blogs and movies.
How much money it makes: $120K/year
How much did it cost to start: $300
How many people on the team: 4
Twin brothers from Nigeria launched multi-niche website, Information Guide Africa, which now attracts over 200k unique visitors per month and generates $60k annually through ad networks, affiliate marketing, and sponsored posts.
3. Innovations and More Ltd ($24K/year)
George, the founder of Innovations and More, was inspired by a video showcasing the commercial success of a simple everyday product idea. Utilizing his design acumen and resurrecting an idea he had conceptualized years prior, George created the UStop Pee Stopper, a universal fit urine deflector that solves the problem of spillage beneath toilet seats. Since its launch in 2018, the product has exceeded expectations and the company continues to develop innovative products to solve common problems.
How much money it makes: $24K/year
How much did it cost to start: $500
How many people on the team: 0
Innovations and More's founder George launched the company in 2018 with "Essentials you never knew you needed" such as the UStop Pee Stopper and the Cell Phone Holder, with sales increasing by up to 50% each month since March 2020 with a range of different products at various stages of development.
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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.
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.
