2 Video Conference Software Success Stories [2024]
Struggling to coordinate face-to-face meetings? Enter the realm of video conference software. In straightforward terms, this involves developing a digital platform that enables real-time virtual meetings, bridging geographic divides effortlessly.
The demand for reliable and efficient video conferencing tools is skyrocketing as businesses increasingly operate remotely. By developing such software, you can cater to corporations, educational institutions, and individual users looking for seamless communication solutions. This business idea not only meets a growing market need but also holds the potential for substantial subscription-based revenue.
Starting this venture requires dedication—think about investing in robust technology, ensuring cybersecurity, and offering excellent customer support. But once established, the rewards are significant. With the shift towards remote work showing no sign of reversing, providing high-quality video conferencing software could be both timely and lucrative.
In this list, you'll find real-world video conference software success stories and very profitable examples of starting a video conference software that makes money.
1. Nextiva ($120M/year)
Nextiva was founded by CEO Tomas Gorny after experiencing inefficiencies in the business communication market. He wanted to create a company focused on innovation and delivering the best customer experience, which led to the development of NextOS and the expansion of Nextiva's services beyond business phone services. Despite being surrounded by industry giants, Nextiva differentiated itself through its self-funding approach, commitment to Amazing Service, and focus on building a positive company culture.
How much money it makes: $120M/year
How many people on the team: 1000
Nextiva, an Arizona-based business communications company, has developed an all-in-one platform called NextOS, which offers CRM tools, team collaboration tools, and business communication tools, resulting in a significant shift in its business model, and has grown from just a few employees to over 1,000 spread around the world, entirely self-funded, and focused on providing amazing service to its customers.
2. ClickMeeting ($10.8M/year)
ClickMeeting was born out of Simon Grabowski's desire to support small- and medium-sized businesses with modern communication and marketing software. In 1998, he founded GetResponse, a platform for email marketing, which eventually expanded to include a separate tool for webinars and online meetings. ClickMeeting quickly gained traction, particularly in the American market, and has since grown to host over 2.3 million events with 30 million attendees in 2020 alone.
How much money it makes: $10.8M/year
How many people on the team: 93
ClickMeeting, a platform for webinars and online meetings, has grown to host over 2 million events with 30 million attendees and has been profitable since its launch in 2010, with a focus on reliability and quality customer service.
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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.
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