Online Signature Tool

4 Online Signature Tool Success Stories [2024]

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Updated: September 6th, 2024

Managing contracts or closing deals online can be cumbersome without the right tools. Enter the online signature tool. This business idea revolves around creating a software that allows people to sign documents digitally, making it easier and faster to process contracts, agreements, and legal forms.

Your task involves developing a user-friendly platform that offers secure, legally binding electronic signatures. This service appeals to a wide range of industries, from real estate to legal and freelance work, replacing the need for face-to-face signings or physical paperwork.

Imagine the potential market when you offer something efficient and reliable for businesses looking to streamline their operations. The initial setup demands a solid understanding of software development and encryption technology, but the payoff includes consistent demand and scalability.

For anyone interested in technology and improving business efficiencies, launching an online signature tool might be the perfect venture.

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

1. Edusign ($2.16M/year)

Eliot and his co-founder, Dylan, came up with their business idea after facing the problem of losing multiple attendance sheets during their master's program.

To solve this issue, they initially created a small prototype to digitize the attendance sheets.

Following a few weeks of testing and realizing the potential was much larger than anticipated, they decided to develop a full-scale Software as a Service (SaaS) solution designed to cater to the needs of schools and training organizations.

How much money it makes: $2.16M/year

How Elliot Boucher Built A $180K/Month Attendance Tracking Solution

Edusign revolutionizes attendance tracking and e-signatures for training organizations, generating an average revenue of $2.16M/year and serving over 25,000 students through digital marketing courses on Udemy.

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2. MySignature ($660K/year)

While working as a marketer for a TV manufacturer, Vol realized the inefficiency of manually creating email signatures for each employee. With $10K in savings, he quit his job and launched Newoldstamp in 2015, later acquiring MySignature, which now boasts over 500K users and generates nearly $700K annually.

How much money it makes: $660K/year
How much did it cost to start: $10K
How many people on the team: 0

Our Email Signature SaaS Makes $700K/Year Using SEO

Discover how Solva, the multiproduct company behind Newoldstamp and MySignature, successfully transformed MySignature from a simple email signature generator to a marketing hub, attracting over 500k users worldwide and generating almost $700K in annual revenue, all while remaining fully bootstrapped.

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3. PDFLiner ($480K/year)

Dmytro Serhiiev, the co-founder of PDFLiner, came up with the idea for the business while working with contractors, partners, and other departments in the startup studio. He realized the need for user-friendly document management services and digital signatures, leading him to create PDFLiner. Since its launch in June 2020, the business has experienced impressive growth, reaching $1K MMR in December 2020 and currently generating over $40K MRR.

How much money it makes: $480K/year
How much did it cost to start: $1K
How many people on the team: 20

How We Developed An Online PDF Editor And Grew It To $500K/Year

PDFLiner is an electronic document management platform that allows users to create and edit PDF files, add electronic signatures, fill out forms, and manage electronic documents, and has reached $40K MRR and is on track to do $500K ARR this year, with more than 80,000 users, and plans to expand its forms catalog and improve its functionality to deal with the B2B segment.

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4. CocoSign ($240K/year)

Caroline, the CEO of CocoSign, came up with the idea for their digital signature platform during the 2020 pandemic when businesses were struggling to physically exchange documents. Recognizing the rising demand for e-signature providers, Caroline and her team set out to create an exceptional solution that offers a user-friendly interface and robust features. Since their launch in 2020, CocoSign has seen impressive success, generating monthly revenue of 67.3K from 2000 sales and experiencing a 5% increase in customers every month.

How much money it makes: $240K/year
How much did it cost to start: $10K
How many people on the team: 57

We Started An Online Signature Tool Last Year. We Just Hit $240K ARR

CocoSign is a digital signature platform generating a monthly revenue of 67.3K from 2000 sales, boasting a 5% increase in customers each month, and offering valuable features such as customer rewards, API integrations, helpful customer service, and simple & effective marketing strategies.

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Read by 6,595 founders