5 Automation Service Business Success Stories [2024]
Businesses are increasingly looking to streamline operations and minimize manual tasks. Enter: an automation service business.
In simple terms, this venture involves implementing automated systems to handle repetitive tasks for businesses, enhancing efficiency and productivity. You’ll be tackling a crucial need, setting up everything from automated customer support to marketing workflows using software tools.
This business idea promises continuous demand, as more companies seek to reduce operational costs and improve accuracy. The appeal lies in its potential for scalability—you can start with a small client base and grow as you gain expertise.
This isn’t a passive venture; it requires in-depth understanding of various automation tools and ongoing customization for different business needs. If you’re tech-savvy and adept at problem-solving, starting an automation service business could be a rewarding opportunity to capitalize on the digital transformation wave.
In this list, you'll find real-world automation service business success stories and very profitable examples of starting a automation service business that makes money.
1. Elaphe Propulsion Technologies Ltd. ($14.4M/year)
Gorazd Lampič, the founder of Elaphe, was initially pursuing a career in astrophysics when he came across an article about Andrej Detela's vision for in-wheel motors for electric vehicles (EVs). Intrigued by the potential impact of this technology, Lampič reached out to Detela and the two quickly began working together. Now, 20 years later, Elaphe has become a leading provider of in-wheel propulsion systems, working with major carmakers and achieving impressive financial success with a turnover of €15 million and €4 million in EBITDA in 2021.
How much money it makes: $14.4M/year
How much did it cost to start: $10M
How many people on the team: 150
Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.
2. Anvil ($2.4M/year)
In 2017, Mang-Git and his partner were applying for a mortgage to purchase an investment property. They experienced significant frustration with the mortgage application process, which primarily involved exchanging PDF documents with mortgage officers via email.
At that time, he was also working at Flexport and there was a lot of manual work involved.
This led to an "aha" moment for him, where he recognized that transitioning all the paperwork to online forms could alleviate this substantial pain point.
How much money it makes: $2.4M/year
How many people on the team: 29
Anvil is a data-driven document automation platform founded by Mang-Git Ng, generating an impressive $200K in revenue per month and $2.4M annually, utilizing SEO and content marketing for growth, offering plans tailored for individuals and enterprises, with a mission to streamline paperwork processes.
3. Monite ($720K/year)
Ivan Maryasin's lightbulb moment for Monite struck while leading growth at Penta. Observing SMEs struggle with juggling multiple financial tools, he and Andrey Korchak built an API-first platform, now backed by notable investors, boasting over 20 clients and revolutionizing B2B financial management.
How much money it makes: $720K/year
How much did it cost to start: $15K
How many people on the team: 50
Monite: A Berlin-based fintech company that revolutionizes financial management for B2B SaaS companies by allowing B2B platforms to embed financial workflows, generating additional revenue and boasting over 20 clients, backed by notable investors and executives from Klarna, Mollie, Plaid, and PayPal.
4. AYH Consulting Ltd ($60K/year)
Founder Sami Abid came up with the idea for AYH Consulting Ltd while working in various jobs where he implemented technology systems to streamline operations. After gaining recognition for his work, he began offering his services on platforms like Upwork and Fiverr, eventually earning enough to quit his day job and focus on running his automation business full-time.
How much money it makes: $60K/year
How much did it cost to start: $500
How many people on the team: 1
AYH Consulting Ltd is a service-based business that helps automate businesses using low-code applications, bringing in an average of $6k/month, with a stable retainer income, offering a good customer experience, and considering diversifying its income stream in the future through digital products.
5. Global Entry Alerts ($14.4K/year)
Vlad Verba came up with the idea for Global Entry Alerts while he was applying for Global Entry himself and noticed long wait times for interview appointments. He initially created a free Twitter page that alerted people when appointments became available, and eventually expanded to offer a paid SMS alert service. Today, Global Entry Alerts makes over $1,200 per month in profit and has gained traction through Twitter, Reddit, and organic shares from travel influencers.
How much money it makes: $14.4K/year
How much did it cost to start: $10
How many people on the team: 0
Global Entry Alerts helps travelers skip the long lines and get their Global Entry appointment with SMS alerts, making over $1,200/month profit with very minimal effort required.
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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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
