7 Price Prediction Model Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Price Prediction Model Business

Every business wants to make a profit. Luckily, machine learning and artificial intelligence tools to build price prediction tools can help. The price prediction tool uses an automated price forecasting model to help stay in sync with the market.

A price prediction model uses an algorithm to analyze a product or a service based on its characteristics, demand, and the current market trends. The algorithm then sets a price at a level it predicts will attract customers and maximize sales.

Here are some real life success stories of starting a price prediction model business:

1. ProjectionHub ($516K/year)

Adam Hoeksema, Co-Founder and CEO of ProjectionHub, came up with the idea for his business while working as the Director of a small business microloan program. He realized the need for a TurboTax-like tool for creating financial projections and enlisted his 17-year-old brother, a software developer, to build a web app. Today, ProjectionHub generates over $20,000 per month in revenue and offers a library of 50+ financial projection spreadsheet templates used by startups in various industries.

How much they make: $516K/year
How much did it cost to start: $150K
Current team size: 4

I Grew My Spreadsheet Templates Side Hustle Into A $240K/Year Business

ProjectionHub helps entrepreneurs create financial projections using a library of 50+ CPA-developed financial projection spreadsheet templates, generating over $20,000 per month in revenue without the need for software subscription models.

About

Adam started ProjectionHub almost 12 years ago

Revenue

Adam grew the business to $43K/month

Costs

It cost Adam $150000 to start the business

Read this case study

Read by 9,117 founders

2. CarGurus

Unbiased car reviews and over a million opinions and photos from real people. Use CarGurus to find the best used car deals.

Where they're located: Jahra, Kuwait
Website traffic: 54.2M/month

So... can you actually make money with a price prediction model 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. Montana State University

Website traffic: 790K/month

5. eFinancialModels

Offering a wide range of industry-specific financial model templates in Excel and related financial projection templates from expert financial modelers.

Website traffic: 50K/month

So... can you actually make money with a price prediction model 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

Part of

Starting A Price Prediction Model Business: Everything You Need To Know

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