Online Business Tool

3 Online Business Tool Success Stories [2024]

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Updated: July 23rd, 2024

Struggling to manage your growing list of tasks? Consider venturing into the world of online business tools. Online business tools are software applications designed to streamline and optimize your business operations. This can range from project management tools, like Trello and Asana, to customer relationship management (CRM) systems, like HubSpot and Salesforce.

Developing or curating a suite of such tools helps businesses automate repetitive tasks, enhance productivity, and improve overall efficiency. The demand for reliable online tools is ever-increasing as more businesses move their operations online. This is not a simple endeavor; it requires a deep understanding of business needs and technical know-how.

Yet, the impact and potential revenue from relieving common business headaches can be substantial. For those interested in providing solutions through technology, creating or reselling online business tools offers a promising and meaningful business opportunity.

In this list, you'll find real-world online business tool success stories and very profitable examples of starting a online business tool that makes money.

1. Upvoty ($240K/year)

With a background in building online businesses, the founder needed a customer feedback solution for his own business.

The founder did not find any suitable tools for his SaaS platform, so he decided to build Upvoty on the side to “scratch his own itch.”

How much money it makes: $240K/year
How many people on the team: 0

Why I'm Building A Side Project On Top Of My Already Successful Business

A case study on the founder of Vindy and Upvoty, who used his experience with his first startup to quickly grow his second startup to over 100 customers and $500 MRR, all while financing everything with the profits of his first company.

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Read by 6,713 founders

2. stagetimer.io ($100K/year)

Lukas Hermann, the co-founder of Stagetimer, came up with the idea while visiting a recording studio and noticing the inconvenience of manually starting a timer for presentations. He coded a remote-controlled timer and shared it on Reddit, receiving positive feedback and eventually launching a paid version. With a niche target audience of event producers, Stagetimer generates an impressive $8,000 in monthly revenue.

How much money it makes: $100K/year
How much did it cost to start: $0
How many people on the team: 0

How We Built An $8K/Month Niche Online Tool [Business Idea Validated On Reddit]

Stagetimer generates $8,000 in monthly revenue by providing a simple online countdown timer for event producers to keep meetings and presentations on time, built based on a need in the market and validated through word of mouth and search engine optimization.

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Read by 14,128 founders

3. pgMustard ($36K/year)

When Michael Christofides and his co-founder Dave realized that many developers still needed help despite existing tools for slow PostgreSQL queries, they founded pgMustard and now boast $30k in annual recurring revenue.

How much money it makes: $36K/year
How much did it cost to start: $5K
How many people on the team: 1

My PostgreSQL Side Project Makes $30K ARR

Case study about pgMustard, an online tool for developers helping troubleshoot PostgreSQL queries, growing steadily with $30k ARR, highlighting the importance of fixing pricing strategies and the impact of COVID on revenue streams.

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Read by 1,017 founders