Sales Consulting Platform

How Profitable Is A Sales Consulting Platform? (Updated for 2024)

Pat Walls

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Updated: September 22nd, 2024

How Profitable Is A Sales Consulting Platform? (Updated for 2024)

So you want to start a sales consulting platform?

And the first question that came to your mind was, “well, are sales consulting platforms actually profitable?”

Especially considering:

You could start a sales consulting platform with as low as $2,000
Based on our data, sales consulting platforms generate an average of $3.53M per year

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a sales consulting platform.

Let’s dive in!

Is a sales consulting platform profitable?

Yes, a sales consulting platform is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $3.53M per year with an estimated gross margin of %, you could expect to recover your investment within months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your sales consulting platform.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your sales consulting platform is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a sales consulting platform worth it?

If you’re wondering if a sales consulting platform is worth it, the answer is a big YES. With sales consulting platforms, you have the potential to earn $3.53M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a sales consulting platform to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful sales consulting platforms case studies.

Examples Of Profitable Sales Consulting Platforms

Here are a few examples of profitable sales consulting platforms, and a few more details about them:

1. SquarePlanet ($3.49M/year)

Brian Burkhart, founder of SquarePlanet Presentations & Strategy, came up with the idea for his business after witnessing a top doctor give a painfully boring presentation at a healthcare conference. The wasted time, money, and missed opportunities motivated him to help people improve their presentation skills. With his experience in business communications and a deep understanding of what makes presentations go wrong, he created SquarePlanet to provide consulting, training, and execution services for impactful presentations. The company has since seen consistent and upward revenue growth, working with big brands like Coca-Cola and Google.

Is it profitable? Yes
How much money it makes: $3.49M/year

How I Started A 7 Figure Business Helping People Give Presentations

SquarePlanet Presentations & Strategy is a Phoenix-based business communications firm that helps its clients tell their stories in the most impactful ways possible through meeting creative, brand voice, presentations that matter, engineered delight, speaker training/workshops, and keynote addresses, resulting in consistent and upward trajectory since inception.

Read this case study

Read by 6,386 founders

2. IdeaScale ($9M/year)

Rob Hoehn, Co-Founder of IdeaScale, came up with the idea for the crowdsourcing software after hearing the question from business contacts: "How are we supposed to get answers to the questions that we don’t know to ask?" With a background in programming and freelancing, Rob and his team developed IdeaScale to help organizations gather and transform ideas into innovative products, policies, and campaigns. Now, ten years later, IdeaScale has grown to almost $750,000/month and is committed to ethical business practices, including being the first idea management software company to go carbon neutral.

Is it profitable? Yes
How much money it makes: $9M/year

How We Launched A $750K/Month Idea Management Software

IdeaScale, a B2B SaaS company with a focus on innovation, has grown to almost $750k/month by listening to its customers, investing in inbound search optimization, and prioritizing customer retention and support.

Read this case study

Read by 7,309 founders

3. GreenBanana ($7.2M/year)

Kevin Roy, co-founder of GreenBanana SEO, came up with the idea for his business when he realized that clients were looking for simple and quantifiable results from SEO and digital marketing campaigns. After a difficult client meeting, he decided to focus on pay-for-performance SEO and transparent reporting that centered around customer goals and lead generation. With 16 employees and $6 million in revenue, GreenBanana SEO has been listed on the Inc 5000 for the past three years.

Is it profitable? Yes
How much money it makes: $7.2M/year

How I Started A $600K/Month Performance-Based Digital Marketing Company

GreenBanana SEO co-founder Kevin Roy explains how his digital marketing company grew from just two employees working on a beer pong table to 16 employees generating around $6 million in annual revenue by focusing on pay-for-performance SEO and being transparent with reporting.

Read this case study

Read by 7,773 founders

Learn more about starting a sales consulting platform:

Where to start?

Need inspiration?

-> Other sales consulting platform success stories

Other resources

How much can you make with a sales consulting platform?

With a sales consulting platform, you can make an average of $3.53M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $2,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within months.

How much does a sales consulting platform make a week?

Based on our data, average weekly revenue for a sales consulting platform ranges around $73.5K. As such, you could see monthly revenues of $294K.

To know if your sales consulting platform achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your sales consulting platform.

How much do sales consulting platforms owners make?

The income of a sales consulting platform owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established sales consulting platform is about $73.5K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a sales consulting platform owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Sales Consulting Platform Profit Margins

Generally speaking, a sales consulting platform can expect profit margin of around %. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a sales consulting platform, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, sales consulting platform owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, sales consulting platform owners can ensure long-term sustainability and profitability for their business.

Sales consulting platform owner salary

The salary of a sales consulting platform owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established sales consulting platform, in a prime position, might see an average weekly salary around the ballpark of .

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a sales consulting platform may be a promising business to start - but the success of your sales consulting platform mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable sales consulting platform.