Youtube Tool

3 Youtube Tool Success Stories [2024]

•

Updated: September 6th, 2024

A YouTube Tool Development business involves creating software or applications that cater to the needs of YouTube creators and viewers.

These tools can range from video editing software, analytics trackers, thumbnail makers, or even specialized plugins that enhance the YouTube experience.

You don't necessarily need to be a coding expert to get started; there are user-friendly platforms and resources available online to help you create these tools without significant upfront costs.

Once you've developed your tool, you can either offer it for free with in-app purchases or charge a one-time fee.

As YouTube continues to be a popular platform, providing tools that enhance the experience for creators and viewers can be a lucrative and low-cost business idea.

In this list, you'll find real-world Youtube tool success stories and very profitable examples of starting a Youtube tool that makes money.

1. vidby ($996K/year)

After founding a pioneering video call translation startup in 2013, Alexander Konovalov identified a lucrative niche in real-time translation technology, which led to the creation of vidby. Today, vidby is valued at $73 million, offering AI-powered translation and voiceover services in 75 languages.

How much money it makes: $996K/year
How many people on the team: 87

How a YT’s Recommended Vendor Makes $1M/Year Developing Emotional Speech Synthesis

Vidby: A Swiss-based startup offering AI-powered translation and voiceover services for businesses, with reported accuracy levels ranging from up to 99% to 100%, currently valued at an impressive $73 million and recognized as one of the top five products in the automated video translation and dubbing market.

Read this case study

Read by 1,953 founders

2. Eightify ($540K/year)

Eightify is a Chrome extension that utilizes AI to generate concise summaries of YouTube videos.

Users save time by quickly watching or reading the main points of lengthy videos without having to the full video.

Alex Kataev got the idea for Eightify after experiencing frustration with lengthy videos. At the same time, he realized the potential of AI, particularly GPT-3, to streamline content consumption.

He identified the need for a tool that could summarize videos quickly and efficiently, leading to the development of Eightify.

How much money it makes: $540K/year
How much did it cost to start: $23K
How many people on the team: 3

This Site Gets 70M+ Visitors Per Year Using AI

Learn how Alex Kataev turned frustration with lengthy YouTube videos into a thriving business with Eightify, attracting over 100,000 users and generating an average of $45K per month with a freemium pricing model.

Read this case study

Read by 679 founders

3. ThumbnailTest ($192K/year)

Rox launched Clipbot, a tool that helps Twitch streamers repurpose clips into TikToks and YouTube Shorts. They got their initial customers through a Reddit post and later focused on SEO, which became their biggest source of traffic. Clipbot now has $800 MRR and is gaining traction.

How much money it makes: $192K/year
How much did it cost to start: $99
How many people on the team: 0

I Built A $16K/Month Business Testing YouTube Thumbnails

Startup founder Rox talks about her journey building startups live on Twitch, including projects Clipbot.tv and ThumbnailTest.com, which have brought in a total of $800 MRR and almost 7,000 Twitch followers.

Read this case study

Read by 6,614 founders