Inventory Software

Inventory Software Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Streamline inventory chaos with state-of-the-art inventory software. This business idea revolves around creating a platform that helps companies manage their stock, track assets, and forecast demand with ease.

In simple terms, you're developing software that consolidates inventory data, automates stock-taking, and provides real-time updates on inventory levels. This solution is invaluable for businesses suffering from stockouts or overstock, offering them a lifeline to maintain balanced inventory.

The appeal of this idea lies in its ability to save businesses time and reduce manual errors, ultimately increasing efficiency and profitability. Whether targeting retail, manufacturing, or e-commerce, the demand for reliable inventory management tools spans across numerous industries.

Starting this venture means diving deep into software development, customer research, and continuous updates to ensure the platform meets evolving market needs. For those passionate about tech solutions and streamlining business operations, inventory software could be a rewarding opportunity.

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

1. 365 Retail Markets ($86.4M/year)

Joe Hessling, the founder of 365 Retail Markets, came up with the idea for his business after realizing the potential of self-checkout convenience. Starting with one MicroMarket, he turned it into 29,000 worldwide, generating $72 million in revenue in 2019. Hessling's previous experience in the food business and understanding of the blue-collar workforce played a crucial role in the success of his innovative concept.

How much money it makes: $86.4M/year
How many people on the team: 239

The Story Behind This $72M/Year Grab-N-Go MicroMarkets Company

365 Retail Markets, founded by Joe Hessling, started with one MicroMarket and turned it into a global industry leader with 29,000 locations worldwide, generating revenue of $72 million in 2019 by offering grab-n-go convenience through self-checkout kiosks and healthy snacks.

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2. Levisoft ($504K/year)

Ricardo Cardona launched Levisoft in 2016 out of necessity while studying in Mexico with only $200 monthly support from his family. What started as a hustle to cover basic expenses has now become a profitable business, generating $300,000 net profit annually by offering diversified software development services.

How much money it makes: $504K/year
How much did it cost to start: $350
How many people on the team: 8

How I Bootstrapped A $42K/Month Custom Software Development Agency

Discover how Levisoft.io built a $300,000 net profit business by delivering scalable low-code and software development solutions with a lean, high-output model that includes a dedicated team of 7 specialists, enabling rapid deployment and exponential growth for startups.

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3. Inventora ($6K/year)

Dianna Allen and Jeremy Blalock co-founded Inventora after Dianna, who runs a home fragrance shop, struggled to find an affordable inventory system that could track both products and supplies. They soft-launched Inventora as a free system and gained over 2,500 users in just four months. They introduced premium features and have already reached $500 in monthly recurring revenue, with a goal of hitting $3k MRR by September.

How much money it makes: $6K/year
How much did it cost to start: $30
How many people on the team: 1

This Couple Solved Their Own Problem & Built A Profitable Inventory SaaS

Inventora is a niche inventory management system designed for artisan businesses that tracks both products and supplies, and the relationship between the two, has gained 2,500 free users in just four months and has hit $500 in MRR after introducing premium features a month ago, with the founders expecting to hit $3k MRR target shortly.

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Read by 3,559 founders