7 Database Management Business Success Stories [2024]
Database management is the process of organizing and storing data. This data can be used for a variety of purposes, including analytics, marketing, and customer service.
To start a database management business, you will need strong technical skills and experience in database management software. . You should also have a good understanding of how to design and optimize databases.
The average salary for a Database Manager is $90,815 per year or 43.66 dollars an hour in the United States. On the lower end of that spectrum are people who make roughly 59K while the top 10% can earn up to 139K.
There is a growing demand for database management services as businesses increasingly rely on data to drive their operations.
A database management business provides services like data backup, disaster recovery, and data security to businesses. This can be a great business idea for those with a background in computer science or information technology.
Here are some real life success stories of starting a database management business:
1. TeleCRM ($60K/year)
Rahul, the co-founder of Flamon Cloudtech, came up with the idea for TeleCRM while struggling to manage salespeople for his previous SaaS product. Frustrated with the limitations of existing CRM systems, he envisioned a CRM that would simplify data entry and analysis for sales executives. After validating the idea with 800 business owners and spending over 2.5 years developing the product, TeleCRM launched successfully and attracted its first paying customers.
How much they make: $60K/year
How much did it cost to start: $200K
Current team size: 16
Flamon cloudtech's co-founder Rahul shares the story of building and launching TeleCRM, a game-changing Tele-Sales CRM product in beta phase, which is already being used by 20 companies with a monthly recurring revenue of $4500/month and is aiming to capture around 40-50% of the CRM market space in the long term.
2. Scheduled Server backups for DigitalOcean and all providers ($300K/year)
How much they make: $300K/year
Current team size:
"Bootstrapped server backup company hits impressive $10k MRR and continues to grow through transparency and building in public."
So... can you actually make money with a database management business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. TerminusDB ($240K/year)
How much they make: $240K/year
Current team size: 10
TerminusDB has raised €3.6 million in seed funding for its open-source knowledge graph database that offers dependable, private, and effective revision control & collaboration, with a mission to make fundamental changes regarding how data is curated, managed or stored.
So... can you actually make money with a database management business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. Timescale ($12M/year)
How much they make: $12M/year
Current team size: 151
Timescale, an open-source time-series database solution for IoT workloads compatible with PostgresSQL and designed for simple use and query solving, has raised $180 million at a $1 billion+ valuation with over 500 paying clients and 7x community growth alongside 20x revenue growth.
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- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
