5 Ai Based Recommendation Engine Business Success Stories [2024]

Updated: November 19th, 2023
Start An Ai Based Recommendation Engine Business

Here are some real life success stories of starting a AI- based recommendation engine business:

1. FlexC ($240K/year)

Girish Kukreja, Founder and CEO of FlexC, came up with the idea for his talent marketplace after noticing the shift towards hybrid work models and the increasing use of freelancers and contractors in the industry. With the goal of digitizing and streamlining the hiring process, FlexC aims to become the top marketplace for businesses to manage their hybrid workforce in India, with over 15,000 consultants and 500+ organizations already on the platform.

How much they make: $240K/year
How much did it cost to start: $100K
Current team size: 25

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I Created A $240K/Year Marketplace That Uses AI To Improve Hiring

FlexC is a talent marketplace in India that helps businesses hire and manage their hybrid workforce, with the ratio of hiring freelancers and contractors expected to increase to 20-30% of overall employees and more than 15,000+ consultants on their platform already.

About
Girish started FlexC over 3 years ago
Revenue
Girish grew the business to $20K/month
Costs
It cost Girish $100000 to start the business
Read by 2,221 founders

2. Business Names & Ideas ($126K/year)

How much they make: $126K/year
Current team size:

Episode 434 | SaaS KPIs You Should Focus on From Day 1
Revenue
Deven grew the business to $10.5K/month
Read by 2 founders

So... can you actually make money with a AI- based recommendation engine business?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

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3. MealSurfers ($60K/year)

How much they make: $60K/year
Current team size:

Graduating and Raising $15,000 for a New Clothing Brand

This case study highlights how a men's apparel company founded by Paul in California successfully raised $15,000 through Kickstarter.

Revenue
They grew the business to $5K/month
Read by 1,004 founders