13 Technology Consulting Business Success Stories [2024]
Technology is critical to helping drive corporate strategy and ensuring its success. Not all startup owners are from an IT background, so keeping up with current technology trends can be challenging. Such entrepreneurs rely on technology consultants to help them harness technology.
Technology consultants connect businesses with experienced technology innovation advisors to solve critical enterprise challenges. Technology consulting is essential to helping organizations use technology to drive innovation and growth.
You may consider starting your technology consulting business if you have IT skills and some experience in the technology sector.
Here are some real life success stories of starting a technology consulting business:
1. Agile Worx ($480K/year)
David Bishop, the founder of Agile Worx, came up with the idea for his business after realizing that the knowledge he accumulated in the technology industry was constantly becoming obsolete. He decided to pursue a Ph.D. and focus on creating a long-lasting body of work. While working with a firm that was struggling to adopt agile and scrum techniques, he applied his new research skills to create a scientific theory and patented framework called "Metagility" that maximizes productivity and efficiency for technology companies.
How much they make: $480K/year
Current team size: 3
How a Ph.D. in computer engineering created a patented agile framework and turned it into a profitable training and consulting business, after realizing that his accumulated technology knowledge was losing value over time.
2. DeepBench Inc. ($1.2M/year)
The co-founders of DeepBench, Yishi, Derek, Devin, and Nikhil, met while studying at MIT and realized the need for a better, more efficient expert network. They saw that existing networks were slow, expensive, and disjointed, and believed that technology could solve these problems. By automating the expert-finding process and prioritizing user interface, security, and transparency, DeepBench has attracted over 450 clients and facilitated nearly 2,000 consultations.
How much they make: $1.2M/year
Current team size: 8
DeepBench, a company disrupting the expert network industry, offers a platform connecting clients with expert advisors for informed decision making, serving over 450 clients and 25,000 advisors and achieving their best quarter yet in Q1 2021.
So... can you actually make money with a technology consulting 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:
3. HIC GLOBAL SOLUTIONS ($120K/year)
Piyush Singhal, the co-founder and CEO of HIC Global Solutions, came up with the idea for his Salesforce consultancy business after working with multiple CRMs and recognizing the potential of Salesforce in helping businesses of all sizes. Despite facing financial struggles and working out of a small apartment, the company grew to have offices in four different locations and an estimated yearly revenue of $8M. Through their focus on customer satisfaction and word-of-mouth referrals, HIC Global Solutions has become a leading provider of Salesforce services.
How much they make: $120K/year
Current team size: 60
HIC Global Solutions provides out-of-the-box Salesforce services to clients across industries, with estimated yearly revenue of $8M, including partnerships that have helped them retain over 60% of their customers, and offering career opportunities.
4. PVM IT ($7.2M/year)
Pat Mack, founder and CEO of PVM, Inc., came up with the idea for his business after years of frustration with the bureaucratic work culture he encountered in the US Navy. He wanted to create a company that focused on solving impactful, data-driven problems that mattered to end-users. With no outside funding, he bootstrapped the company himself and prioritized delighting customers and meeting their needs.
How much they make: $7.2M/year
How much did it cost to start: $0
Current team size: 50
PVM, Inc offers software engineering services related to big data storage and analytics to customers in both the private and public sectors, ranging from local police departments to federal agencies, with partnerships with Palantir, Amazon, and MicroFocus.
So... can you actually make money with a technology consulting 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:
5. Common Sense Holdings ($120K/year)
Maanda Mulaudzi, founder of Common Sense Holdings, came up with the idea for his technology solutions startup during a bus trip in South America. After realizing he wanted to leave his corporate job behind, he started the company upon returning to South Africa and now focuses on rapid prototyping to meet client needs. With a turnover of $5,000 a month, Mulaudzi aims to increase monthly revenue by 100% in the coming year.
How much they make: $120K/year
Current team size: 2
South African startup Common Sense Holdings, founded by Maanda Mulaudzi, specializes in mobile apps, web-based applications, and IT consulting in the education and business sectors and is on track to double its $5,000 monthly revenue with new clients.
6. Cottage Software ($120K/year)
In 2014, Neil Granberry and Hunter Hodnett reconnected and began discussing business ideas. They eventually settled on the concept of Cottage Software, a platform that turns Figma designs into coding competitions for developers. After launching an MVP built with no-code solutions, Cottage Software has achieved success, generating $25,000 per month in revenue as a tech-enabled agency.
How much they make: $120K/year
How much did it cost to start: $5K
Current team size: 0
Cottage Software co-founder Neil Granberry shares how they built their software agency business, which helps designers and developers turn designs into code fast and affordably, through their platform powered by learning developers, bringing in $25,000+ per month in revenue as a tech-enabled agency of just two people, with plans to sell directly to web design and development agencies.
So... can you actually make money with a technology consulting 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:
7. BairesDev ($524M/year)
How much they make: $524M/year
Current team size: 5000
BairesDev, a California-based nearshore technology solutions provider, saw impressive 50% growth in the last 5 years, thanks to founders Pablo Azorin and Nacho De Marco's ability to tap into untapped tech talent in Latin America.
8. Six Atomic ($480K/year)
Taime Koe, the CEO of Six Atomic, came up with the idea for his business after recognizing the flaws in the apparel industry's supply chain. He saw the potential for on-demand production, which would allow for personalization and sustainability while reducing inventory risk. Through years of research and development, Six Atomic created automation technology that can create customized patterns and designs for each customer, ultimately leading to a more efficient and profitable supply chain.
How much they make: $480K/year
How much did it cost to start: $10K
Current team size: 20
Six Atomic builds automation technology for the apparel industry to enable real-time, sustainable, and personalized supply chains.
9. Digital Seat Media ($1.2M/year)
How much they make: $1.2M/year
Current team size: 35
Digital Seat Media uses QR codes and NFC technology to link fans to companies, sports teams, and artists, has raised $5M in Series A, and is generating over $100K MRR, with over one million installed QR codes and 50+ brands paying to use their platform.
- 4,818 founder case studies
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
