3 Quality Assurance Business Success Stories [2024]
A quality assurance business tests products, processes, software, and systems to ensure they meet specifications and function as intended.
To start this business, develop testing methods and inspection skills, obtain necessary certifications, invest in equipment, and market your services to manufacturers, developers, and other companies.
Focus on defect detection, workflow auditing, regulatory compliance, and reporting to improve client product and process quality.
Stay up-to-date on regulations, technology, and industry best practices to provide thorough, compliant, and value-adding QA services that improve customer satisfaction.
In this list, you'll find real-world quality assurance business success stories and very profitable examples of starting a quality assurance business that makes money.
1. Innovolo Ltd ($2.4M/year)
Bradley Pallister, co-founder and Head of Innovation at Innovolo, came up with the idea for the business after recognizing the need for an innovation and product development consultancy that could help B2B clients create a culture of innovation. With their flagship product, Unlimited Innovation-as-a-Service, Innovolo offers business owners a cost-effective solution to bring in an external innovation team tailored to their needs, resulting in accelerated product development and a fast turnaround time, as seen with one client's product being expedited from eight months to six weeks. With an impressive revenue forecast of Β£2.4 million this year, Innovolo is poised to disrupt the remote product development space.
How much money it makes: $2.4M/year
How much did it cost to start: $1K
How many people on the team: 12
Innovolo, an innovation and product development consultancy, went from offering fixed-sum product development to providing product development chain management with a unique program called Unlimited Innovation-as-a-Service, shortening their client's product expedited time significantly, and increasing revenue astronomically since their launch in 2018.
2. JDAQA ($1.32M/year)
Jay, the CEO of JDAQA, started his business after being turned down by Uber and deciding to freelance as a QA engineer. As his workload increased, he began building a team of talented QA engineers to meet the needs of growing companies that wanted affordable, reliable testing services. Today, JDAQA has a team of 20 and generates $110K/month in revenue, offering scalable QA solutions to startups.
How much money it makes: $1.32M/year
How much did it cost to start: $500
How many people on the team: 20
JDAQA is a quality assurance testing powerhouse that partners with startups and has grown to about 20 people with a revenue of $110K/month by providing a scalable, concierge QA service that can grow with your company and ensuring that builders can get back to the building while they handle the bugs.
3. BugRaptors ($720K/year)
Yashu Kapila, the CEO of BugRaptors, came up with the idea for the company after gaining extensive experience in the QA industry and recognizing the massive demand for quality software and testing services. With a team of 200+ certified testers, BugRaptors offers a range of QA solutions for various industries and has gained recognition and success globally, serving Fortune 500 brands and SMEs with reduced time to market and zero-defect leakage. They have established their geographical presence in India, the United States, the United Kingdom, and Australia, further expanding their operations and aligning with clients.
How much money it makes: $720K/year
How much did it cost to start: $20K
How many people on the team: 200
BugRaptors is a quality assurance brand with a team of over 200 ISTQB-certified testers, present in India, the United States, the United Kingdom, and Australia, serving over 10 industry verticals with their own proprietary test automation frameworks and tools, catering to various Fortune 500 brands and SMEs with 30-40% reduced time to market and the confidence of zero-defect leakage for their products or operations.
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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.
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