{"id":3231,"date":"2020-07-30T10:57:14","date_gmt":"2020-07-30T08:57:14","guid":{"rendered":"https:\/\/startupxplore.com\/en\/blog\/?p=3231"},"modified":"2020-08-24T09:47:55","modified_gmt":"2020-08-24T07:47:55","slug":"startups-which-made-it-big","status":"publish","type":"post","link":"https:\/\/startupxplore.com\/en\/blog\/startups-which-made-it-big\/","title":{"rendered":"Start-ups which made it big"},"content":{"rendered":"\n

Starting your own business might seem like a dream\nsituation \u2013 being your own boss, working from home, doing a job or championing\na product which you\u2019re passionate about \u2013 but the reality can be very\ndifferent. It takes a lot of hard work and long hours to build up business,\nbecause you won\u2019t have a ready-made base of customers from day one. It will\nalso be months, or even years, before you start to see a monetary return on\nyour investment. And that\u2019s if the business even lasts that long. <\/p>\n\n\n\n

As you can imagine, some industries are easier to break\ninto than others. Offering a service, like accounting or legal services, or\nbringing something unique to the food and restaurant industry, is statistically<\/a> shown to be one of the best\nways to succeed. By contrast, wholesale distribution or the manufacture of new\nbeverages, is one of the slowest ways to make a profit. This is linked to the\nfact that nearly half of all start-ups fail because there was no market need\nfor their product. However, it isn\u2019t all doom and gloom. More than 50% of start-ups\nare still trading in their fifth year, and as these incredible success stories\nshow, if you\u2019ve got the right business model<\/a>, anything is possible.<\/p>\n\n\n\n

Blue\nApron Holdings ltd<\/strong><\/h2>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

Tapping into a growing market Blue Apron Holdings did is one of the\nkey ways to ensure success when setting up a start-up. <\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

Blue Apron was founded in 2012 and immediately tapped into\na growing market \u2013 busy professionals and parents who want to make top quality\nmeals with minimum effort. The company delivers pre-measured ingredients and\nrecipes that you just need to follow and put together yourself, negating the\nneed to trawl through cookbooks and supermarkets and spend time carefully\nweighing out. Boxes can be easily customised to family size and personal\npreferences, giving you the speed of takeaway food with all the goodness of\nhome cooked. <\/p>\n\n\n\n

The company has hundreds of thousands of loyal customers,\nand building repeat business into their design has meant that they send out\nmillions of meals every month. They are the number one choice for meal kit\ndeliveries in the US, beating HelloFresh which was already operating in Europe.\nPart of Blue Apron\u2019s success comes from their continuing innovation: partnering\nwith well-known chefs, offering a wide variety of package options, and\nrevamping their menu have all worked to keep people interested.<\/p>\n\n\n\n

888\nHoldings ltd<\/strong><\/h2>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

888 Casino has become one of the most respected and\nwell-liked online casinos on the market.<\/em><\/strong><\/p>\n\n\n\n

Founded by a pair of brothers, Aaron and Avi Shaked and Shay and Ron Ben-Yitzhak, 888\nHoldings is now one of the largest online casino companies in the world, with\n14 different brands under their wing globally, including 888 Poker, Wink Bingo\nand 777 Casino. They started off with just one, Casino-on-net, in 1997, when\nthe internet was still in its infancy, and became the first online casino in\noperation. They added a second online casino in 2002 and started to diversify.\n888 Holdings has adopted a variety of approaches, including launching custom\nproducts and buying out competitors to add to its portfolio.<\/p>\n\n\n\n

In 2009 they forged a partnership with Evolution Gaming to bring their innovative live casino games technology to their sites. Now players can play in multiple rooms with many tables, interacting as if they were in a land-based casino at 888\u2019s thrilling live casino<\/a> platform with real dealers. It has completely revolutionised the online gaming industry and 888 were one of the first big names to take this excellent and innovative technology global. <\/p>\n\n\n\n

In 2013, 888 Holdings became the first online casino to be\nlicenced in the US when they received approval from the Nevada Gaming\nCommission, cementing their name as a global leader in online gambling\ntechnology.<\/p>\n\n\n\n

MailChimp<\/strong><\/h2>\n\n\n\n

Another great way to ensure that your start-up business is\nsuccessful, is to fill a need or automate a process. MailChimp achieved both of\nthese when it was born in the year 2000. Its founder, Ben Chestnut, wanted to\nfind a way to avoid the tedious task of designing email newsletters, something\nwhich many of the clients of his design business were demanding. Realising that\nhe could create a tool which would take care of the process for him and hand\nover control to the clients themselves, he set about building what has now\ncemented itself as the market-leading email marketing platform.<\/p>\n\n\n\n

MailChimp\u2019s success comes from its built in simplicity. The\ntool is designed for companies to use, so the revenue comes from licencing,\nwhich is a very labour-light way of working and might explain how MailChimp\nreached revenue figures of $700 million in 2019. While the designers and\nprogrammers work hard to make sure that the product remains up to date, there\nis no constant manufacture or delivery involved, keeping overheads low.<\/p>\n\n\n\n

Shutterstock<\/strong><\/h2>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

Shutterstock\u2019s incredible rise to success started out very small,\nwith the founder\u2019s personal image collection.<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

A shining example of how the best businesses capitalise on\nthe skills and interests of their founders, Shutterstock is now worth over $2\nbillion. That\u2019s not bad for a company that was started with absolutely nothing.\nIn 2003, founder Jon Oringer merged his two passions, software design and\namateur photography, to create the online image bank that is used by companies\nall over the world. Shutterstock today has over 200 million images, but it\nstarted with just 30,000 from Oringer\u2019s own personal collection.<\/p>\n\n\n\n

The company started out as a subscription service, and\ndemand quickly grew. Oringer began to hire additional contributors and the\nlibrary of images was rapidly expanded. By 2008 the company was also offering\nsingle-use prices in addition to its subscriptions, and the following year it\nbegan buying up competitors. Shutterstock now also had movie and music clips as\nwell as photographs all available for its 1.4 million customers.<\/p>\n\n\n\n

Summary<\/strong><\/h2>\n\n\n\n

These four companies and many more are proof that you don\u2019t\nneed to shell out<\/a> lots of money in order to\nmake your new venture successful. Plenty of better-funded enterprises have\nfailed where these have succeeded. Remember, what you really need is a great\nproduct, marketplace knowledge and the passion to make it work.<\/p>\n","protected":false},"excerpt":{"rendered":"

Starting your own business might seem like a dream situation \u2013 being your own boss, working from home, doing a job or championing a product which you\u2019re passionate about \u2013 but the reality can be very different. It takes a lot of hard work and long hours to build up business, because you won\u2019t have […]<\/p>\n","protected":false},"author":29,"featured_media":3232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[179,55],"_links":{"self":[{"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3231"}],"collection":[{"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/comments?post=3231"}],"version-history":[{"count":9,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3231\/revisions"}],"predecessor-version":[{"id":3254,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/posts\/3231\/revisions\/3254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/media\/3232"}],"wp:attachment":[{"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/media?parent=3231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/categories?post=3231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startupxplore.com\/en\/blog\/wp-json\/wp\/v2\/tags?post=3231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}