4 Startup Tool Success Stories [2024]
Want to fuel the success of budding entrepreneurs? Consider developing a startup tool. This business idea revolves around creating and providing essential software or resources that help new startups manage various aspects of their operations efficiently.
Think of it as building a Swiss Army knife for startupsβtools for project management, financial tracking, customer relations, or market analysis all wrapped into one package. By focusing on ease of use and integration, you can offer a lifeline to new businesses striving for success without getting bogged down in complex administrative tasks.
A startup tool also comes with continuous improvement and updates, making it a dynamic venture. Whether you're a tech-savvy individual or a team with a vision, this business idea can scale with the evolving needs of your clients, ensuring you stay relevant in a competitive market. Developing a startup tool could be the key to fostering innovation and helping other entrepreneurs succeed.
In this list, you'll find real-world startup tool success stories and very profitable examples of starting a startup tool that makes money.
1. ShipFast ($600K/year)
Inspired by a tweet from Pieter Levels, who builds startups with just a laptop and no employees, Marc decided to start building his own products.
Over the course of two years, he successfully shipped 16 different products, ranging from AI tools to SaaS.
Throughout the building process, Marc noticed that he was doing the same things repeatedly, which was taking up a lot of his time.
He realized that creating a code boilerplate could help him build products much faster, and he was sure that others would find it useful as well.
In just one week, he built ShipFast and launched it on Product Hunt.
How much money it makes: $600K/year
How much did it cost to start: $0
How many people on the team: 0
Computer science graduate Marc Lou founded ShipFast, a platform that reduced time spent on launching startups by providing a boilerplate, resulting in $6,000 in revenue within 48 hours and a successful Product Hunt launch with 3,000 visitors in the same period.
2. The Mindset Society ($186K/year)
Claire Osborne, founder of The Mindset Society, came up with the idea for her business during the UK coronavirus lockdown when she realized that many employers were struggling to help their employees with stress and anxiety. She saw an opportunity to provide coaching to startups and scale-ups, helping founders make decisive actions and supporting teams to navigate the challenges of the pandemic. Since launching, the company has averaged over $15k in revenue per month.
How much money it makes: $186K/year
How much did it cost to start: $1K
How many people on the team: 0
How one founder launched a coaching business during lockdown, bringing in an average of over $15k revenue a month through coaching startups and scale-ups, and has plans to scale up by adding complementary services and creating cross-company support networks.
3. No-Code MVP ($72K/year)
Bram had extensive experience working and coaching with early-stage startups, and No-Code MVP became an outlet to let all that knowledge into a product.
How much money it makes: $72K/year
How many people on the team: 0
A stay-at-home father created No-Code MVP course, which teaches people the mindset, process, and tools they can use to build and validate their startup and business ideas without any knowledge or learning how to code, generating $8,000 in a pre-sale over 3 weeks and is on track to make $6,000/month.
4. Emerging Humanity ($60K/year)
Christos Kritikos, the founder of Emerging Humanity, came up with the idea for his business through his extensive experience as a technology solutions consultant for small businesses. With a passion for humanity and society, he realized that there was a need for a better way to support and empower entrepreneurs. Through structured programs, educational content, and hands-on help, Emerging Humanity aims to help impact-driven entrepreneurs launch successful products and become fundable.
How much money it makes: $60K/year
How much did it cost to start: $30K
How many people on the team: 0
Emerging Humanity offers accelerator programs, entrepreneur courses, startup tools, and hands-on services that help impact-driven entrepreneurs launch successful products and become fundable, having helped over 50 founders/entrepreneurs from developing parts of the world within the past three to four years.
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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.