13 Educational Technology Product Success Stories [2023]

Here are some real life success stories of starting a educational technology product:

1. UpBrainery Technologies ($1.04M/year)

now, our primary focus is on building awareness and establishing credibility in the education industry. We have leveraged our partnerships with organizations like the Girl Scouts, Girls Inc., and the Houston Rockets to gain visibility and showcase our offerings to a wide audience. In terms of customer retention, we prioritize delivering a high-quality and personalized learning experience. Our hands-on education kits, virtual tutoring, and online curriculum are designed to engage students and provide them with the support they need to succeed. We also actively seek feedback from our customers to continuously improve our offerings and ensure their satisfaction. As we continue to grow, we will implement strategic marketing initiatives and customer loyalty programs to enhance our customer acquisition and retention efforts.

How much they make: $1.04M/year
Where they're located: Houston, TX, USA
How much did it cost to start: $450K
Current team size: 11

2. Achievable ($240K/year)

Tyler York, one of the founders of Achievable, came up with the idea for the test prep company after working with Cerego, a platform for lifelong learning that used spaced repetition. Recognizing the need for a more modern and user-friendly test prep experience for professionals, they launched Achievable to provide rich textbook content, reviews backed by a memory science algorithm, and full practice exams. Today, Achievable is experiencing rapid growth, with a focus on content marketing and affiliate partnerships to attract and retain customers.

How much they make: $240K/year
Where they're located: San Francisco
How much did it cost to start: $5K
Current team size: 3

So... can you actually make money with a educational technology product?

Of course. There are millions to be made in this industry.

But how?

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3. HYLS ($456K/year)

Max, the founder of HYLS, came up with the idea for his donation-based online course platform after being inspired by a yoga training program in the Philippines led by Dada Dharmavedananda, an author he admired. With a background in meditation, yoga, and healthy lifestyles, Max saw the opportunity to share his knowledge with others and created HYLS. Since then, HYLS has attracted over 90,000 students, generated $1 million+ in donations, and averages $40,000 in monthly revenue.

How much they make: $456K/year
Where they're located: Moscow, Russia
How much did it cost to start: $15K
Current team size: 12

4. AcademicInfluence.com ($60K/year)

Prof. Jed Macosko and his team at AcademicInfluence.com developed a revolutionary college ranking system that measures the influence of faculty and alumni. By analyzing data from various sources, including Wikipedia and scholarly databases, they provide students and parents with a ranked list of influential individuals and universities. Since its launch in 2020, the website has gained over 100,000 organic search visits per month and monetizes through lead generation and licensing their proprietary ranking algorithm.

How much they make: $60K/year
Where they're located: Fort Worth, TX, USA
How much did it cost to start: $500K
Current team size: 9

So... can you actually make money with a educational technology product?

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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5. Your Lessons Now LLC ($1.2M/year)

Alexandra Exeter, the CEO and owner of Your Lessons Now LLC, came up with the idea for her business based on her personal experience as a transgender woman who transitioned her voice. She developed a curriculum that combined speech-language pathology, vocal therapy, music theory, and other techniques to help transgender individuals modify their voices. With a focus on providing a safe learning environment and offering both group and individual instruction, Your Lessons Now has experienced consistent and rapid growth, earning around 1.2 million dollars a year and acquiring 52% more users since last year.

How much they make: $1.2M/year
Where they're located: Louisville, CO, USA
How much did it cost to start: $0
Current team size: 32

6. Closing Credits ($600K/year)

Buford Taylor, founder of Closing Credits, came up with the idea for his education marketplace for creators after realizing there was a lack of support and resources for amateur creators to level up their skills. With experience in the creator space and the success of his previous ventures, Taylor launched Closing Credits, which has already crossed the $500k revenue mark within 11 months.

How much they make: $600K/year
Where they're located: London, UK
How much did it cost to start: $0
Current team size: 0

So... can you actually make money with a educational technology product?

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

7. Granite Education ($360K/year)

Grantly Neely, the founder of GRANITE, came up with the idea for his education technology and learning center business after realizing the potential of mindfulness in improving academic performance. His curiosity in mindfulness and its impact on academic stress led him to create a mindfulness-based methodology for standardized test preparation, empowering students to navigate test-taking anxiety and other challenges. Through his bootstrap funding approach, he has been able to retain 100% equity in the business, which now generates an average revenue of $30K/month.

How much they make: $360K/year
Where they're located: Nashville, Tennessee, USA
How much did it cost to start: $0
Current team size: 4

8. TechUnwreck ($1.44M/year)

Matt McCormick, founder of TechUnwreck, came up with the idea for his business when he broke his cell phone screen and decided to fix it himself. He started a small e-commerce website offering phone repairs through the mail, attracting customers through Google Adwords. The business grew and evolved to focus on bulk repairs for schools and businesses, and in 2021, they are expecting to do 30,000 device repairs and $3 million in sales.

How much they make: $1.44M/year
Where they're located: Chicago, IL
How much did it cost to start: $500
Current team size: 8

9. EntryLevel ($360K/year)

Ajay Prakash, the founder of EntryLevel, started the business in 2021 with the mission to make tech education more accessible. Inspired by the World Economic Forum's goal to reskill 1 billion people by 2030, Prakash saw an opportunity to create a high-volume, low-cost reskilling platform. With a unique pricing model, active community, and AI teaching assistant, EntryLevel has trained almost 30,000 people and is making $40,000 per month.

How much they make: $360K/year
Where they're located: Sydney NSW, Australia
How much did it cost to start: $2K
Current team size: 12

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