5 Inventory Management System Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start An Inventory Management System

Here are some real life success stories of starting a inventory management system:

1. Inventora ($6K/year)

Dianna Allen and Jeremy Blalock co-founded Inventora after Dianna, who runs a home fragrance shop, struggled to find an affordable inventory system that could track both products and supplies. They soft-launched Inventora as a free system and gained over 2,500 users in just four months. They introduced premium features and have already reached $500 in monthly recurring revenue, with a goal of hitting $3k MRR by September.

How much they make: $6K/year
How much did it cost to start: $30
Current team size: 1

This Couple Solved Their Own Problem & Built A Profitable Inventory SaaS

Inventora is a niche inventory management system designed for artisan businesses that tracks both products and supplies, and the relationship between the two, has gained 2,500 free users in just four months and has hit $500 in MRR after introducing premium features a month ago, with the founders expecting to hit $3k MRR target shortly.

About

Dianna started Inventora about 3 years ago

Revenue

Dianna grew the business to $500/month

Costs

It cost Dianna $30 to start the business

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2. Promys ($4.5M/year)

In starting their business, the founder realized the need for a workflow system to offset the complexity of a growing company. Unable to find a suitable solution in the market, they had their development team build the first version and eventually spun it out as a focused business. Throughout the process, they emphasized the importance of getting an early version of the product to customers to gather feedback and make necessary adjustments.

How much they make: $4.5M/year
Current team size:

Our CRM Suite Just Hit $3M ARR

This case study follows a serial entrepreneur's journey in the Information Technology industry, where he founded successful companies such as UNIS LUMIN and Promys, and offers advice to aspiring founders, emphasizing the importance of adjusting to changing markets and learning from early customers' input.

About

John started Promys over 22 years ago

Revenue

John grew the business to $375K/month

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3. Bagisto ($600K/year)

Saurav Pathak, the Chief Product Officer of Bagisto, came up with the idea for the open-source e-commerce platform after realizing there was a huge gap between demand and supply for platform-driven e-commerce solutions. With the goal of making it simple for developers to create their own online stores, Bagisto has generated over $1 million in revenue and has a user base of 200,000.

How much they make: $600K/year
How much did it cost to start: $10K
Current team size: 47

How We Built A MillIon Dollar Ecommerce Platform [India]

Open-source e-commerce platform Bagisto has generated over $1 million in revenue in the past four years, with $350,000 annual recurring revenue for the past two years, has over 70,000 downloads, 5,000 Github stars, 5,000 community members globally, and over 150 contributors enhancing its features.

About

Saurav started Bagisto over 5 years ago

Revenue

Saurav grew the business to $50K/month

Costs

It cost Saurav $10000 to start the business

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