Imagine embracing a business idea tightly interwoven with the future - delving into the world of AI-based advertising software. In layman's terms, this engaging venture revolves around building a software system powered by artificial intelligence, designed to automate and optimize advertising tasks.
The heart of AI in advertising focuses on exploiting data patterns to help businesses reach their specific audience more accurately and cost-effectively. It aids in granulating big data into a comprehensible format, making decision-making agile, and predicting future trends, giving firms a competitive edge.
The beauty of this idea is that it stands on the pillars of innovation and automation, two crucial components of the modern world. Furthermore, adopting AI in advertising can benefit various industries, ranging from retail to real estate to e-commerce. With companies searching for effective ways to reach their target customers, starting an AI-based advertising software company could put you at the forefront of a rapidly growing market.
Here are some real life success stories of starting a AI based advertising software:
1. StoreYa ($16.8M/year)
StoreYa was founded by Eyal Reich and his brother Yariv, along with Pasha Zaft, with the goal of creating a profitable business model in the e-commerce industry. They started by launching the first Facebook shop app, which gained traction and led them to develop on-site promotion apps. Recognizing the challenge of getting targeted traffic, they then created Traffic Booster, which leverages their expertise in PPC and technology to automate Google Ads using AI. StoreYa has since become a successful marketing and advertising platform, with over 200,000 online sellers and generating $700K MRR.
How much they make: $16.8M/year
How much did it cost to start: $5K
Current team size: 18
StoreYa co-founders Eyal Reich and Yariv Dror, along with CTO Pasha Zaft, created a suite of marketing and advertising apps that include Traffic Booster, which has generated an average of $700,000 MRR and helped the business win a 2018 Google Acquisition Performance award, as well as becoming a PayPal exclusive advertising partner.
2. Needls ($3M/year)
Justin Hartzman and his co-founders came up with the idea for their business, Needls Media, when they realized that people were asking for things on social media. They developed a script that would monitor Facebook for keywords and alert them to potential clients. After achieving sales of 300 times in the first quarter, they knew they had a winning concept that solved the challenges faced by small businesses in social media advertising, leading to their current success as the Internet's first Robo ad agency.
How much they make: $3M/year
Current team size: 11
Needls Media is the first-ever robo ad agency, using AI and data science to automate social media advertising and generating $1.7 million in revenue in their first year.
Learn more about starting an AI based advertising software:
Where to start?
3. CopyAI: Create Marketing Copy In Seconds ($1.2M/year)
How much they make: $1.2M/year
Current team size:
CopyAI co-founder grows company's MRR to $90k in just 8 months, after raising $2.9M, with AI writing assistant that generates content in seconds.
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