7 Community Training And Mentorship Business Success Stories [2024]
A community training and mentorship business involves developing and facilitating personal development programs and workshops tailored for underserved groups.
As an entrepreneurial founder, you design a curriculum covering career readiness, financial literacy, and life skills that empower your target communities.
With flexibility for in-person or digital delivery methods, building an impactful training program allows creators to uplift and maximize human potential.
For aspiring educators and coaches seeking a social enterprise model, launching community-focused classes presents accessibility alongside scalable profit potential earned by unlocking student success.
In this list, you'll find real-world community training and mentorship business success stories and very profitable examples of starting a community training and mentorship business that makes money.
1. The Big Talk Academy ($600K/year)
Tricia Brouk, an award-winning director and producer, came up with the idea for The Big Talk Academy after directing a friend's talk. Realizing there was a market for speaker coaches, she immersed herself in online marketing and invested in mentors to grow her business to a 7-figure company in less than 3 years. Brouk's risk tolerance and dedication to serving her clients have led to the success of her virtual and live speaker programs.
How much money it makes: $600K/year
How much did it cost to start: $3K
How many people on the team: 8
Tricia Brouk went from having zero online presence to building a 7-figure company in under 3 years by creating The Big Talk Academy, where she offers virtual signature speaking and thought leadership certification programmes, and The Speaker Salon, a live speaker intensive course which grew into a $30k investment.
2. World Renowned Coaching & Consulting ($576K/year)
Neal Oates, Jr. identified a growing demand for coaching and consulting services in the real estate sector and launched World Renowned Coaching and Consulting in 2022. By leveraging his luxury real estate experience, Neal turned his business into a $48,000/month enterprise that serves nine different industries.
How much money it makes: $576K/year
How much did it cost to start: $1.2K
How many people on the team: 0
Case study about the founder building a successful coaching and consulting business generating $48,000 monthly, expanding from real estate to service-based businesses in nine industries, with growth for three consecutive quarters.
3. MentorCruise ($480K/year)
Dominic Monn came up with the idea for MentorCruise while facing the challenge of finding a mentor during his own career development. He realized that mentorship was a major problem for many professionals, so he built a coaching marketplace where career professionals could turn their knowledge into a marketable coaching business and mentees could easily find a mentor. Despite the challenges of building the platform while balancing his studies and a full-time job, MentorCruise now makes around $24,000 per month in commissions and processes over $120,000 every month for its mentors.
How much money it makes: $480K/year
How much did it cost to start: $0
How many people on the team: 5
MentorCruise is a career coaching marketplace generating $24k MRR and processing $1M annually for mentors, with most traffic and sales coming from SEO and organic sources, currently looking to expand to the B2B market.
4. Sarah Stewart ($54K/year)
Sarah Stewart transitioned from a 14-year corporate career in the pharmaceutical industry to become a time management coach after a "lightbulb moment" on a Zoom call. Leveraging her project management skills and lived experiences, Sarah's business has served 121 customers and generated $150,000 in lifetime revenue.
How much money it makes: $54K/year
How much did it cost to start: $2K
How many people on the team: 0
A time management coach and project management consultant shares how she transitioned from a corporate career to self-employment, built a successful coaching business, and launched a transformative program that has received rave reviews and changed lives.
5. Ramen Club ($48K/year)
Charlie stumbled upon Product Hunt and attended indie hacker meetups. Eventually, he saw how encouraging meet ups are, leading him to start with the idea validation process.
How much money it makes: $48K/year
How much did it cost to start: $250
How many people on the team: 0
Ramen Club is a founder community that aims to help solopreneurs succeed, enjoy their journey, and feel less lonely; it currently has over 100 members and $3,800 MRR with 35% MoM revenue growth between April and May 2022.
6. Indie Worldwide ($24K/year)
Anthony came up with the idea for Indie Worldwide after experiencing setbacks in his career and freelancing. He leveraged his experience in running events and his desire to be like other successful founders in the indie hacking community to create a virtual meetup for indie hackers. Through organic growth and strategic launches on platforms like Product Hunt, the community has grown to over 2,000 members and has multiple revenue streams, including a successful Founders' Club with $5.5k in ARR and sponsorships.
How much money it makes: $24K/year
How much did it cost to start: $1.2K
How many people on the team: 1
Indie Worldwide has scaled to 2,000 members with revenue streams generating $5.5k ARR and $3k in sponsorships, offering aspiring founders a blueprint for creating profitable virtual communities.
7. MentorDial ($12K/year)
Naisa Scott, co-founder of MentorDial, came up with the idea for the platform after realizing the importance of having a mentor throughout his entrepreneurial journey. After selling his first company and seeing success with subsequent ventures, Naisa wanted to give back and help others by providing a platform where professionals and entrepreneurs could connect with top-level mentors in their industries. Since launching six months ago, MentorDial has helped thousands of entrepreneurs and professionals achieve their goals and continues to grow with over 1000 bookings per month.
How much money it makes: $12K/year
How much did it cost to start: $500
How many people on the team: 0
MentorDial, a six-month-old platform connecting entrepreneurs with top-level professionals from leading companies globally, has helped thousands of entrepreneurs scale their businesses, raise money, and grow their team while landing jobs or growing their skills, with 1000 bookings per month, 150+ top mentors from companies like Amazon and Google, while bootstrapping business for now and soon transitioning to a freemium model to grow community.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
