8 Social Media Analytics Business Success Stories [2024]

Updated: June 21st, 2024
Start A Social Media Analytics Business

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

1. Metricool ($9M/year)

Juan Pablo Tejela, CEO of Metricool, started the business with his wife after realizing the need for software that helps bloggers understand the impact of their content on social media. They initially offered the tool for free and after gaining 4,000-5,000 users, decided to switch to a premium subscription model. Metricool now has over 400,000 users, 5,000 clients, and has exceeded one million dollars of annual recurring revenue.

How much money it makes: $9M/year
How much did it cost to start: $50K
How many people on the team: 55

SMALLBORDER

Bootstrapping A $100K/Month Social Media Planner And Analytics Tool

Metricool, a SaaS social media management tool, built a business with a Freemium model, starting with just $50k in investment and now boasts over 5,000 clients, more than 400,000 users, and over $1 million of annual recurring revenue.

Read by 8,430 founders

So... can you actually make money with a social media analytics business?

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

2. Leaf Grow ($1.44M/year)

Gilbert, the CEO of Leaf Grow, came up with the idea for the company while running Leaf Music, a consumer-play offering a unique music experience. They realized that the same principles applied to promoting musicians could be applied to brands and commerce, and decided to launch Leaf Grow to help businesses achieve their growth objectives through paid social. Despite facing funding challenges, Leaf Grow has been growing rapidly, adding new customers daily and retaining the majority of their team.

How much money it makes: $1.44M/year
How many people on the team: 25

SMALLBORDER

On Developing A $40K/Month Facebook Ads Automation & Insights Platform

Leaf Grow is a Facebook Ads automation and insights platform that has been growing double digits month on month since it started, delivering material performance gains to businesses all around the world, with a mission to drive long-term value and create market opportunities for brands on a global scale.

Read by 5,137 founders

3. Attributer ($1.2M/year)

The founder, who worked in B2B marketing, couldn’t find a tool that showed which channels were converting leads, sales opportunities, and customers. So he built the tool himself, and recognizing its potential, he turned into full-time entrepreneurship.

How much money it makes: $1.2M/year
How much did it cost to start: $1K
How many people on the team: 0

SMALLBORDER

How My Marketing Tool Reached $50K In Revenue Within 5 Months of Launching

Marketing attribution tool Attributer.io has generated $60k in annual recurring revenue just five months after launch, with a focus on search engine optimisation for high-intent keywords to acquire customers for the platform, offering a lesson in market-first startup development.

Read by 6,072 founders

So... can you actually make money with a social media analytics business?

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

4. Songstats ($828K/year)

Oskar Eichler, co-founder of Songstats, came up with the idea for his business while working as a label manager and DJ in Shanghai. Being involved in the music industry, he recognized the value of data analytics for artists and record labels and wanted to provide a platform that aggregated insights across various music services. After teaming up with his co-founders, they built Songstats and now have over 6,000 customers generating almost $1 million in annual recurring revenue.

How much money it makes: $828K/year
How much did it cost to start: $400K
How many people on the team: 8

SMALLBORDER

How These Friends Bootstrapped A $1M/Year Business Out of Their Love for Music

Songstats is a music data analytics SaaS platform that aggregates insights across 14 different music services, approaching $1 million in annual recurring revenue and growing its team of music lovers, ultimate frisbee players, and close friends that came together in Bali, Indonesia with a shared vision of launching their startup.

Read by 3,871 founders

5. Social Burro Inc. ($156K/year)

Frank Kecseti, the creator and data nerd behind Social Burro, came up with the idea for the business after being laid off and receiving negative feedback about his overthinking and non-traditional approach to marketing. He walked up and down Main Street sharing his ideas with business owners, and within 48 hours, he secured his first two clients. Since then, Social Burro has grown and helped 37 brands increase their revenue by 235.3%.

How much money it makes: $156K/year
How much did it cost to start: $125
How many people on the team: 2

SMALLBORDER

We Started A $13K/Month Business After Being Laid Off

Social Burro Inc, a social media agency founded during the pandemic, has increased its revenue by 235.3%, averaging $13,000 per month, and has helped 37 brands gain momentum, clarify their purposes, and rally their offline communities.

Read by 4,282 founders