Business Idea: Start A Data Brokerage Business in 2024

Pat Walls

•

Updated: October 2nd, 2024

Monthly Revenue

$5K

Market Size

$1.2B

Market Size

$1.2B

Market Size

$1.2B

Data brokers are individuals and businesses that collect information or data from online activity and public records and sell it to other companies for marketing and advertising campaigns. Data broking is a big business estimated to grow at a CAGR of 6.8% in the next few years.

Therefore, starting a data brokerage firm in 2024 is a noble idea.

To start, decide on the type of research services hyou will provide and identify the databases and information sources that serve the particular area. Then, market your business and focus on providing excellent business.

Examples Of Successful Data Brokerage Businesses

Successful data brokerage business businesses and case studies

How I Started My Business With A Vision To Disrupt The Data Economy [Bootstrapped]

Data Daddy Inc. is a mobile application that enables users to manage their personal data networks and automate manual data exchanges, such as exchanging information after a car accident, with the use of a scannable QR or URL. The company has generated $5K/month through an early supporter program and is targeting industries like eVisa, healthcare, and esports for automation.

$5K Monthly Revenue

$60K Startup Costs

Read by 1,089 founders