8 Social Goods Marketplace Success Stories [2024]

Pat Walls

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Updated: March 12th, 2024

Start A Social Goods Marketplace

Here are some real life success stories of starting a social goods marketplace:

1. BACH ($6M/year)

Mike Petrakis, the Co-Founder and CEO of BACH, came up with the idea for the app when his lead investor presented it to him. After building successful e-commerce businesses and experiencing viral growth with a waitlist, Petrakis knew he was onto something big and decided to launch BACH, which has now grown to over $1M in net revenue and 40,000+ parties using the app.

How much they make: $6M/year
How much did it cost to start: $1M
Current team size: 12

We Started A $6M/Year Bachelorette Party App

BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.

About

Mike started BACH over 4 years ago

Revenue

Mike grew the business to $500K/month

Costs

It cost Mike $1000000 to start the business

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Read by 9,763 founders

2. FriendsWith limited ($174K/year)

Paige and Dan came up with the idea for FriendsWith during the first lockdown in New Zealand. With more time on their hands, they evaluated what they wanted for their future and saw the opportunity in the growing market of social commerce. They combined their skills and created a social commerce platform that incorporates social media, commerce, and an affiliate rewards program, attracting users to shop and share content for premium fashion and lifestyle brands. They have seen a 300% increase in app users and estimate to bring in $200,000 in revenue for the next financial year.

How much they make: $174K/year
How much did it cost to start: $42.5K
Current team size: 2

We Started a $174K/Year Social Commerce Platform During Lockdown

FriendsWith, a social commerce platform with a built-in affiliate rewards program for premium fashion and lifestyle brands, saw a 300% increase in app users since launching in August 2020 and estimates bringing in $200,000 in revenue for the next financial year, with a focus on attracting shopping enthusiasts to become "influencers" to start a side hustle with no overhead costs.

About

Paige started FriendsWith limited over 3 years ago

Revenue

Paige grew the business to $14.5K/month

Costs

It cost Paige $42500 to start the business

Read this case study

Read by 2,712 founders

So... can you actually make money with a social goods marketplace?

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

So... can you actually make money with a social goods marketplace?

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

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Starting A Social Goods Marketplace: Everything You Need To Know

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6. Italic

Luxury goods straight from the same manufacturers as your favorite brands. No logos, no markups. Shop exclusively at Italic.com.

Where they're located: Los Angeles, California, USA
Website traffic: 410K/month

7. ourCommonplace

Shop an unique curation of ethical and sustainable fashion, shoes, beauty, accessories, and home decor. 100% carbon neutral free shipping.

Where they're located: Los Angeles, California, USA
How much did it cost to start: $500
Current team size: 1

8. Las Vegas Market

Las Vegas Market offers buyers, designers and exhibitors an efficient, effective and compelling market experience.

Where they're located: Las Vegas, Nevada, USA