Data Brokerage Business

Data Brokerage Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

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.

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

1. Data Daddy Inc. ($60K/year)

While working in IT and getting deeply involved in crypto, Matthew D'Amour realized the massive gaps in data security and envisioned Data Daddy Inc. in 2015. His lightbulb moment: creating a platform for 4 billion mobile users to manage and monetize their personal data securely, generating $5K/month in early support.

How much money it makes: $60K/year
How much did it cost to start: $60K
How many people on the team: 3

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.

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