Digital Estate Management

Digital Estate Management Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Managing digital estates is becoming increasingly crucial in our tech-driven world. Digital estate management entails overseeing digital assets and online accounts, ensuring their secure handling and access by designated individuals.

Think about your social media profiles, digital photographs, cloud storage accounts, and even cryptocurrency. This service ensures these assets are well-organized, securely stored, and properly transferred in the event of incapacitation or death.

Despite its growing necessity, many people overlook this aspect of modern life, presenting a ripe opportunity for savvy entrepreneurs. Starting a digital estate management service involves meticulous planning and understanding of digital security, legal requirements, and data management.

With low startup costs and scalable potential, this business idea holds considerable promise in a world where our online presence is only expanding. For those with an eye for detail and a knack for organization, digital estate management could be a fulfilling and lucrative endeavor.

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

1. Digital Procurement World (DPW) ($1.95M/year)

Matthias Gutzmann, the CEO and Founder of DPW, came up with the idea for his business when he realized that existing procurement conferences were expensive, lacked diversity, and failed to attract startups and investors. He left his job in New York, moved back to Germany, and invested his personal savings to launch DPW. Leveraging his extensive network and applying social selling techniques, Matthias successfully created a buzz and attracted sponsors, delegates, and startups to his conference, leading to exponential growth and €1.8M in revenue in 2022.

How much money it makes: $1.95M/year
How much did it cost to start: $10.8K
How many people on the team: 6

How I Leveraged My LinkedIn Network To Create A $1.8M/Year Procurement Conference

DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.

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