Feedback Management Tool

Business Idea: Create A Feedback Management Tool in 2024

Updated: September 3rd, 2024

Avg Monthly Revenue
$3.38K
Avg Startup Costs
$16.8K
Score
73
Market Size
Avg Revenue
Min Revenue
$40/month
Max Revenue
$10K/month
Avg Days To Build
115 days

A feedback management tool is an online system for managing feedback. It enables you to detect negative feedback about your brand and distribute coupons, discounts, or other incentives to users who give positive votes.

It helps you convert customer feedback into insight, engagement and data — and take action. These tools are often used by large organizations that want to build a better customer experience.

Feedback Management Tool is a very powerful sales and marketing tool, which allows you to create an unlimited number of products, and then sell them. This method will help you earn cash and grow your list at the same time.

Revenue & Profitability

How much do feedback management tools make?

Startup Costs

How much does it cost to create a feedback management tool?

  • It can cost as low as $20 to create a feedback management tool.
  • It can cost as high as $500 to create a feedback management tool.

Learn more about the costs of a feedback management tool.

Examples Of Successful Feedback Management Tools

Successful feedback management tool businesses and case studies

Conversion Crimes is a software with a service geared towards small businesses and agencies to help them with conversion rate optimization and user experience, which recorded just shy of $10k in its first month after launching in September 2020.

$10K Monthly Revenue
Read by 7,916 founders

Two friends from design and development backgrounds built Olvy, a release notes tool with easy-to-integrate widgets, backed by a strong community of users in just a few months, making about $2,000 from their customers shortly after launching and reaching the top spot on ProductHunt.

$100 Monthly Revenue
$500 Startup Costs
Read by 6,264 founders

See full list of successful feedback management tools.