7 Community Training And Mentorship Business Success Stories [2024]

Updated: November 19th, 2023
Start A Community Training And Mentorship Business

A community training and mentorship business involves developing and facilitating personal development programs and workshops tailored for underserved groups.

As an entrepreneurial founder, you design a curriculum covering career readiness, financial literacy, and life skills that empower your target communities.

With flexibility for in-person or digital delivery methods, building an impactful training program allows creators to uplift and maximize human potential.

For aspiring educators and coaches seeking a social enterprise model, launching community-focused classes presents accessibility alongside scalable profit potential earned by unlocking student success.

Here are some real life success stories of starting a community training and mentorship business:

1. Ramen Club ($48K/year)

Charlie stumbled upon Product Hunt and attended indie hacker meetups. Eventually, he saw how encouraging meet ups are, leading him to start with the idea validation process.

How much they make: $48K/year
How much did it cost to start: $250
Current team size: 0

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How I Started a Remote and IRL Coworking Community for Indie Founders [$48K/Year]

Ramen Club is a founder community that aims to help solopreneurs succeed, enjoy their journey, and feel less lonely; it currently has over 100 members and $3,800 MRR with 35% MoM revenue growth between April and May 2022.

About
Charlie started Ramen Club over 4 years ago
Revenue
Charlie grew the business to $4K/month
Costs
It cost Charlie $250 to start the business
Read by 3,176 founders

2. Scomy LLC ($12K/year)

Naisa Scott, co-founder of MentorDial, came up with the idea for the platform after realizing the importance of having a mentor throughout his entrepreneurial journey. After selling his first company and seeing success with subsequent ventures, Naisa wanted to give back and help others by providing a platform where professionals and entrepreneurs could connect with top-level mentors in their industries. Since launching six months ago, MentorDial has helped thousands of entrepreneurs and professionals achieve their goals and continues to grow with over 1000 bookings per month.

How much they make: $12K/year
How much did it cost to start: $500
Current team size: 0

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How We Built A Mentorship Platform That Has Helped Thousands Of Entrepreneurs And Professionals

MentorDial, a six-month-old platform connecting entrepreneurs with top-level professionals from leading companies globally, has helped thousands of entrepreneurs scale their businesses, raise money, and grow their team while landing jobs or growing their skills, with 1000 bookings per month, 150+ top mentors from companies like Amazon and Google, while bootstrapping business for now and soon transitioning to a freemium model to grow community.

About
Weina started Scomy LLC about 2 years ago
Revenue
Weina grew the business to $1K/month
Costs
It cost Weina $500 to start the business
Read by 2,007 founders

So... can you actually make money with a community training and mentorship 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.

Join Starter Story and build your next big thing:

Start Now

3. The Big Talk Academy ($600K/year)

Tricia Brouk, an award-winning director and producer, came up with the idea for The Big Talk Academy after directing a friend's talk. Realizing there was a market for speaker coaches, she immersed herself in online marketing and invested in mentors to grow her business to a 7-figure company in less than 3 years. Brouk's risk tolerance and dedication to serving her clients have led to the success of her virtual and live speaker programs.

How much they make: $600K/year
How much did it cost to start: $3K
Current team size: 8

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How I Went From Zero To A 7-Figure Company Coaching Public Speakers

Tricia Brouk went from having zero online presence to building a 7-figure company in under 3 years by creating The Big Talk Academy, where she offers virtual signature speaking and thought leadership certification programmes, and The Speaker Salon, a live speaker intensive course which grew into a $30k investment.

About
Tricia started The Big Talk Academy over 6 years ago
Revenue
Tricia grew the business to $50K/month
Costs
It cost Tricia $3000 to start the business
Read by 1,666 founders

So... can you actually make money with a community training and mentorship 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.

Join Starter Story and build your next big thing:

Start Now

4. MentorCruise ($480K/year)

Dominic Monn came up with the idea for MentorCruise while facing the challenge of finding a mentor during his own career development. He realized that mentorship was a major problem for many professionals, so he built a coaching marketplace where career professionals could turn their knowledge into a marketable coaching business and mentees could easily find a mentor. Despite the challenges of building the platform while balancing his studies and a full-time job, MentorCruise now makes around $24,000 per month in commissions and processes over $120,000 every month for its mentors.

How much they make: $480K/year
How much did it cost to start: $0
Current team size: 5

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How I Built A $24K/Month Mentorship Marketplace

MentorCruise is a career coaching marketplace generating $24k MRR and processing $1M annually for mentors, with most traffic and sales coming from SEO and organic sources, currently looking to expand to the B2B market.

About
Dominic started MentorCruise almost 6 years ago
Revenue
Dominic grew the business to $40K/month
Read by 4,410 founders