8 Product Management Software Success Stories [2024]

Updated: November 19th, 2023
Start A Product Management Software

Here are some real life success stories of starting a product management software:

1. Product Focus ($1.8M/year)

Ian Lunn and his co-founder Andrew Dickenson started Product Focus after seeing a need for high-quality product management training. With their background in product management and marketing, they launched their first public course in 2006 and have since grown to become the European leaders in product management training. They have adapted their business model during the pandemic and continue to provide world-class training online. [Word count: 36 words]

How much they make: $1.8M/year
How much did it cost to start: $10K
Current team size: 5

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How We Created A $1.8M/Year Product Management Course

Product Focus has become the European leaders in product management training, running multiple courses every week and receiving over 20,000 subscribers for their resources in 2018, now providing both face-to-face and online training options after COVID forced them to pivot their business model.

About
Ian started Product Focus almost 18 years ago
Revenue
Ian grew the business to $150K/month
Costs
It cost Ian $10000 to start the business
Read by 3,550 founders

2. Product Lab ($104K/year)

Long, the founder of Product Lab, came up with the idea for his business after realizing that many startup founders in Vietnam lacked a product mindset. With his co-founders Thinh, Boris, and Ben, who are experts in product development and management, they established Product Lab to provide consulting and training services in digital product management. Despite the challenges of being the first player in the market and a limited budget, Product Lab has achieved impressive milestones, such as being sponsored by Techfest 2020, working with big corporations like Vinpearl and Vinfast, and hosting a webinar with BUV during the COVID-19 pandemic.

How much they make: $104K/year
How much did it cost to start: $5K
Current team size: 2

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How We Started A $104K/Year Digital Product Management Consultancy Firm [Vietnam]

Product Lab is a digital product management consulting company in Vietnam that offers consulting and training services and is the pioneer in digital product management consulting in the country.

About
Long started Product Lab about 4 years ago
Revenue
Long grew the business to $8.7K/month
Costs
It cost Long $5000 to start the business
Read by 2,345 founders

So... can you actually make money with a product management software?

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:

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4. unknown

HubSpot offers a full platform of marketing, sales, customer service, and CRM software — plus the methodology, resources, and support — to help businesses grow better. Get started with free tools, and upgrade as you grow.

Where they're located: Des Moines, Iowa, USA
Website traffic: 38M/month

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5. Project Olympus Incubator Program

CMU is a global research university known for its world-class, interdisciplinary programs: arts, business, computing, engineering, humanities, policy and science.

Where they're located: Pittsburgh, Pennsylvania, USA
Website traffic: 5.68M/month

article

So... can you actually make money with a product management software?

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. Financesonline.com

Read detailed online reviews of B2B & SaaS solutions prepared by industry experts. Compare popular tools and easily find a perfect software that will let your business grow. Write your own reviews and share your experience with a constantly growing community of SaaS users.

Where they're located: Phoenix, Arizona, USA
Website traffic: 790K/month

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