7 Training Software Success Stories [2024]

Updated: November 19th, 2023
Start A Training Software

Online learning software makes it easy for institutions to deliver course content to learners. The learners can be students, employees, or even business people who want to learn a new skill.

Starting an eLearning software can be a profitable investment. Industry experts project that the e-learning market will double in the next few years.

Your business can provide content, create supporting technology, and administer e-learning courses.

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

1. Trainual ($5.4M/year)

Chris Ronzio, founder of Trainual, came up with the idea for his software platform after realizing the chaos and lack of organization in small businesses. With his background in scaling a video production company and consulting for numerous small businesses, Ronzio saw a need for a tool that could help companies capture and document their processes in a scalable and teachable way. Trainual now serves over 15,000 users in 80 countries and has reached $2M in annual recurring revenue.

How much they make: $5.4M/year
Current team size: 59

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How I Grew A Training & Wiki Software Tool To $2M ARR

Trainual is a software platform that helps small businesses effortlessly scale by capturing every process, role, and responsibility, creating a consistent, teachable, and scalable knowledge base. With over 15k users in over 80 countries, Trainual has grown to $2M ARR by catering to businesses looking for something more manageable than an enterprise learning system.

About
Chris started Trainual about 7 years ago
Revenue
Chris grew the business to $450K/month
Read by 6,508 founders

2. Coassemble ($2.1M/year)

Jude Novak, Co-Founder & CPO of Coassemble, came up with the idea for the online training platform after experiencing the limitations and poor user experience of existing online training systems. He wanted to create a platform that was easy to use and could provide engaging training experiences. By targeting the underserved market segment of small to medium-sized businesses new to online training, Coassemble has experienced over 100% YoY customer growth and has attracted over 1,000 businesses to their platform.

How much they make: $2.1M/year
How much did it cost to start: $10K
Current team size: 30

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We Built A $2M/Year Online Team Training Tool [From Australia]

Coassemble is an online training platform that has seen >100% YoY growth since launch, capturing the untapped market segment of small to medium businesses looking to train online for the first time, with over 1,000 businesses signing up to the platform and 90% of new customers training online for the first time, using a focus on ease of use, flexible sharing options, deep reporting, and genuine engagement experiences.

About
Jude started Coassemble over 7 years ago
Revenue
Jude grew the business to $175K/month
Costs
It cost Jude $10000 to start the business
Read by 2,702 founders

So... can you actually make money with a training 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

3. 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 almost 4 years ago
Revenue
Long grew the business to $8.7K/month
Costs
It cost Long $5000 to start the business
Read by 2,211 founders

4. eWebinar ($600K/year)

Melissa Kwan, co-founder and CEO of eWebinar, came up with the idea for the business after experiencing the pain of having to run the same webinar over and over again for her previous enterprise SaaS startup. Recognizing the need for a scalable webinar automation solution, Melissa decided to create eWebinar, a platform that turns any video into an interactive webinar that can be set on a recurring schedule or made available on demand. With customers ranging from solopreneurs to publicly traded companies, eWebinar has achieved an MRR of around $50k and continues to focus on delivering the best product and customer experience.

How much they make: $600K/year
How much did it cost to start: $500K
Current team size: 0

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How A Non-Technical Founder Bootstrapped A $50K/Month Automated Webinar Platform

Melissa Kwan, CEO of eWebinar, discusses how she identified the pain point of running the same webinar over and over again, leading her to build an automated webinar solution, with a current MRR of $50k and a focus on word-of-mouth marketing.

About
Melissa started eWebinar almost 5 years ago
Revenue
Melissa grew the business to $50K/month
Costs
It cost Melissa $500000 to start the business
Read by 2,789 founders

So... can you actually make money with a training 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