5 Tech Consulting Business Success Stories [2024]
Looking to provide technical expertise to businesses? Consider starting a tech consulting business. Tech consulting involves advising companies on how to leverage technology to improve their operations and solve challenges.
You'll begin by assessing a company's existing tech infrastructure, identifying inefficiencies, and recommending tailored solutions. Your role may extend to implementing new technology, training staff, and offering ongoing support.
Tech consulting is an attractive venture due to the growing reliance on digital tools and the continuous evolution of technology. It offers a lucrative opportunity to use your tech skills to help businesses thrive while fostering long-term client relationships.
If you have a knack for problem-solving and an in-depth understanding of technology, this might be the perfect business idea to explore.
In this list, you'll find real-world tech consulting business success stories and very profitable examples of starting a tech consulting business that makes money.
1. SP Tech Inc ($360K/year)
In 2015, Bhanu Kommula and his co-founders, while balancing their day jobs, discovered the complexities businesses faced with Salesforce. Leveraging their expertise in Microsoft technologies, they pivoted and upskilled to focus exclusively on Salesforce, growing SP Tech to serve 57+ global customers and completing 150+ projects with a 92% success rate.
How much money it makes: $360K/year
How much did it cost to start: $1K
How many people on the team: 25
SP Tech is a Salesforce certified consulting partner, helping businesses across the globe to develop, sustain, and manage the digital ecosystem for years now, with 57+ customers, 150+ completed projects and a 92% success rate.
2. Mylance ($216K/year)
Bradley Jacobs, founder of Mylance, came up with the idea for his business after experiencing the freedom and financial success of working as an independent consultant. He saw a growing market of individuals who wanted to monetize their expertise and work flexibly, so he started Mylance to provide a comprehensive platform for self-employed professionals. Through organic social media marketing and customer word of mouth, Mylance has attracted and retained customers, growing to $40k/month in revenue.
How much money it makes: $216K/year
How much did it cost to start: $10K
How many people on the team: 0
Mylance, founded by Bradley Jacobs, is an end-to-end software platform for self-employed individuals and independent consultants, growing to ~$40k/month in revenue with 3 main value-adds: actionable guides, a vetted community, and lead generation software.
3. Techintern.io ($180K/year)
Kingsong, the CEO of Techintern.io, came up with the idea for his business after noticing the high demand for tech talent at startups and the pause in internships at large tech companies during the pandemic. He saw an opportunity to connect startups with skilled developers who had lost their internships, and decided to build a web application to streamline the process. Through their successful launch on Product Hunt and word-of-mouth referrals, Techintern.io has been able to attract and retain customers, and is currently profitable and expanding their marketing efforts.
How much money it makes: $180K/year
How much did it cost to start: $40K
How many people on the team: 3
Techintern.io connects startups and tech companies with the best software developer students at colleges across North America and has achieved #1 Product of the Day and #2 Product of the Week on Product Hunt, making $15,000 per month.
4. HIC GLOBAL SOLUTIONS ($120K/year)
Piyush Singhal, the co-founder and CEO of HIC Global Solutions, came up with the idea for his Salesforce consultancy business after working with multiple CRMs and recognizing the potential of Salesforce in helping businesses of all sizes. Despite facing financial struggles and working out of a small apartment, the company grew to have offices in four different locations and an estimated yearly revenue of $8M. Through their focus on customer satisfaction and word-of-mouth referrals, HIC Global Solutions has become a leading provider of Salesforce services.
How much money it makes: $120K/year
How many people on the team: 60
HIC Global Solutions provides out-of-the-box Salesforce services to clients across industries, with estimated yearly revenue of $8M, including partnerships that have helped them retain over 60% of their customers, and offering career opportunities.
5. Kopf Consulting ($36K/year)
LaKenya Kopf, the founder of Kopf Consulting, came up with the idea after struggling to find employment as a military spouse. She realized that her skills in hands-on tech support could be translated into virtual work, allowing her to have a steady income no matter where she and her spouse were stationed. She started by offering administrative support and quick tech support over the phone, and over the years, she expanded her services to include training, consulting, and hiring. Today, Kopf Consulting is a six-figure virtual tech support company with international recognition and a constant waitlist.
How much money it makes: $36K/year
How much did it cost to start: $300
How many people on the team: 0
Kopf Consulting is a six-figure virtual tech-support company that has provided affordable and professional virtual technical support to all levels of entrepreneurship for over 14 years and has expanded to providing training, consulting, and hiring services without a particular niche or location, serving clients worldwide.
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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.