5 Business Review Service Success Stories [2024]

Updated: November 19th, 2023
Start A Business Review Service

Here are some real life success stories of starting a business review service:

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 they make: $120M/year
Current team size: 1000

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How We Developed A $10MM/Month Business Communications Software

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.

About
Yaniv started Nextiva over 15 years ago
Revenue
Yaniv grew the business to $10M/month
Read by 6,458 founders

2. ReputationStacker ($3.6M/year)

Ian, the founder of ReputationStacker, came up with the idea for his business while working in advertising and marketing for retail healthcare businesses. He realized that online reviews were becoming increasingly important, but the manual process of requesting reviews from customers was time-consuming and often neglected. Inspired by the success of his email outreach strategy for getting reviews, Ian quit his job and built a software solution that automates the process, helping businesses consistently generate positive reviews and manage their online reputation.

How much they make: $3.6M/year
How much did it cost to start: $30K
Current team size: 5

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I Bootstrapped A $3.6M/Year Online Review Software In 180 Days

ReputationStacker is a subscription software that simplifies and automates the process of getting more online reviews, helping businesses to manage their online reputation and grow their customer base; currently generating over $300k monthly revenue with low churn rates and a strong customer support team.

About
Ian started ReputationStacker about 8 years ago
Revenue
Ian grew the business to $300K/month
Costs
It cost Ian $30000 to start the business
Read by 5,049 founders

So... can you actually make money with a business review service?

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. LegalZoom ($81M/year)

How much they make: $81M/year
Current team size:

Episode 442 | Corporate Structures and How the Choice You Make Now Can Impact You Years Down the Line
Revenue
Edward grew the business to $6.75M/month
Read by 1 founders