5 Market Researching Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Market Researching Business

Market research analysts research, compile, and analyze information on products and market conditions. The experts identify potential new markets, sales opportunities, and effective marketing strategies.

The employment of market research analysts is projected to grow rapidly over the coming years.

If you love helping businesses reach strategic decisions to excel and beat the competition, then starting a market research business can be fun and rewarding.

Here are some real life success stories of starting a market researching business:

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Starting A Market Researching Business: Everything You Need To Know

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2. MarketsandMarkets Research Pvt Ltd

Market Research Firm - MarketsandMarkets offers market research reports and custom research services on 30000 high growth opportunities. Currently serving more than 5000 customers worldwide including 80% of global fortune 1000 companies.

Where they're located: Pune, Maharashtra, India
Current team size: 0
Website traffic: 510K/month

So... can you actually make money with a market researching 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:

Start Now

4. SparkToro

Our mission is to make it easy to discover the websites, blogs, podcasts, social accounts, and publications that reach your audience.

Where they're located: Seattle, WA, USA
How much did it cost to start: $600K
Current team size: 1
Website traffic: 290K/month

This Moz Co-Founder Created An Online Tool That Reached $75K MRR In Just 6 Months

SparkToro, co-founded by Rand Fishkin, created an audience research software that shortens research time from months to seconds, and has reached ~$75K in MRR just six months after its launch in May 2020.

About

Rand started SparkToro about 6 years ago

Revenue

Rand grew the business to $/month

Costs

It cost Rand $600000 to start the business

Read this case study

Read by 3,278 founders

5. Research and Markets

World's largest and most respected Market Research resource. Searchable database of market research reports incorporating all niche and top industries.

Where they're located: Ghanzi District, Botswana
Website traffic: 620K/month