Toll Service Business Success Stories [2024]
Thinking of tapping into a steady revenue stream? Consider starting a toll service business. Offering essential road usage management, your company can facilitate toll collection for highways, bridges, and tunnels.
The essence of this business is straightforward: set up and maintain electronic toll collection systems, ensuring smooth and efficient traffic flow while generating income from each passing vehicle. This involves installing transponders, setting up toll gates, and partnering with local governments or private road operators.
Apart from solid initial planning and capital for infrastructure, maintenance and regulatory compliance are key operational aspects. A focus on customer service and technology updates will also play vital roles. By catering to commuters' needs and enhancing road convenience, you position your service as indispensable.
Starting a toll service business can be a lucrative venture, perfect for those interested in infrastructure and public utilities. It's a sustainable business model with room for growth and innovation.
In this list, you'll find real-world toll service business success stories and very profitable examples of starting a toll service business that makes money.
1. MightyCall ($2.34M/year)
Anna Miranchuk, the Product Manager of MightyCall, shares that the idea for the business was not a sudden revelation but rather a spin-off from the larger tech company Infratel. As a team of nine employees, they saw the potential in the small business phone system market and began offering basic VoIP features. Despite a slow start, the team's personal and professional growth, as well as listening to customer feedback, helped MightyCall achieve success, with over $200,000 in monthly revenue and a user base of 6,000 small business owners and 25,000 active users.
How much money it makes: $2.34M/year
How many people on the team: 65
MightyCall's Product Manager, Anna Miranchuk, explains how they launched and grew a B2B VoIP business phone service that brings in just over $200,000 per month as of January 2021, with a user base exceeding 6,000 small business owners and 25,000 active users, and shares lessons for aspiring founders who want to build or grow their own business.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
