Digital Research Analysis Business

2 Digital Research Analysis Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

In today's data-driven world, a digital research analysis business offers a promising path. At its core, this business involves collecting, interpreting, and presenting data to inform decision-making for clients across various industries.

This business primarily revolves around leveraging tools and techniques to analyze market trends, customer preferences, competitive landscapes, and more. You will delve into massive data sets, extracting meaningful insights that empower businesses to strategize effectively.

The growing demand for data analysis makes this a compelling opportunity. From startups looking to carve out a niche to established firms aiming to stay competitive, your services will be in high demand.

Starting this venture requires proficiency in data analysis tools, a solid understanding of research methodologies, and the ability to communicate complex findings clearly. While challenging, this field offers the chance to influence strategic decisions and drive meaningful business impacts.

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

1. Tap Research ($18M/year)

Aaron Platshon, the co-founder and CEO of TapResearch, came up with the idea for the business after encountering frustrating experiences trying to conduct consumer research for his previous startup, Wheelz. He realized there was a need for a platform that would make it easy for anyone to access valuable consumer insights, leading him to create TapResearch. Today, the company generates roughly $1.5 million in revenue each month by delivering over 1 million surveys for hundreds of clients.

How much money it makes: $18M/year
How many people on the team: 20

How We Built A $1.5M/Month Survey And Research Solution

TapResearch generates roughly $1.5M in revenue per month through their Sample and Insights platforms, which allow market researchers to access survey respondents they need and make fast and easy decisions through a highly scalable respondent network that delivers surveys to hundreds of millions of people.

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2. UXtweak ($480K/year)

Ľubomír Lajoš, the CEO of UXtweak, came up with the idea for their user research platform out of frustration with poorly designed products and a desire to make a worldwide product. They identified a gap in the market for affordable UX research tools and launched UXtweak with a focus on small and medium-sized companies. Since then, they have attracted big clients like Intel and Groupon and are constantly improving their platform to become the most comprehensive UX research platform on the market.

How much money it makes: $480K/year
How much did it cost to start: $300K
How many people on the team: 20

Our $480K/Year Solution Can Tell If People Like Your Website

UXtweak, a user research platform with mainly big companies as customers, has reached an MRR of €60k within a year of launching, using mainly organic traffic and referral programs for customer acquisition, and has added six new tools since launch.

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Read by 3,829 founders